The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Clover Health Investments's share price is $0.695.
Clover Health Investments's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $4.23. Hence, Clover Health Investments's PS Ratio for today is 0.16.
The historical rank and industry rank for Clover Health Investments's PS Ratio or its related term are showing as below:
CLOV'
s PS Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.41 Max: 9.56
Current: 0.16
During the past 5 years, Clover Health Investments's highest PS Ratio was 9.56. The lowest was 0.11. And the median was 0.41.
CLOV's PS Ratio is ranked better than 90.48% of 21
companies
in the Healthcare Plans industry
Industry Median: 0.67
vs CLOV: 0.16
During the past 5 years, Clover Health Investments's highest 3-Year average Revenue per Share Growth Rate was 85.50% per year. The lowest was 36.30% per year. And the median was 60.90% per year.
Back to Basics: PS Ratio
Clover Health Investments PS Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Clover Health Investments's PS Ratio
For the Healthcare Plans subindustry, Clover Health Investments's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Clover Health Investments's PS Ratio Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Clover Health Investments's PS Ratio distribution charts can be found below:
* The bar in red indicates where Clover Health Investments's PS Ratio falls into.
Clover Health Investments PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Clover Health Investments's Share Price of today is $0.695. Clover Health Investments's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.23.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
Clover Health Investments (NAS:CLOV) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Clover Health Investments PS Ratio Related Terms
Thank you for viewing the detailed overview of Clover Health Investments's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Clover Health Investments (Clover Health Investments) Business Description
Clover Health Investments Corp is a healthcare technology company. It uses its proprietary technology platform to collect, structure, & analyze health & behavioral data to improve medical outcomes & lower costs for patients. The Group has two operating segments. The insurance segment provides PPO(Preferred provider Organization) & HMO(Health Maintenance Organization) plans to Medicare Advantage members in several states & seeks to improve care & lower costs which generally provide access to a wide network of primary care providers, specialists, & hospitals. Non-insurance segment includes the Company's operations relating to CMS' DC (Direct Contracting) Model, which provides options aimed at reducing expenditures & preserving or enhancing the quality of care for beneficiaries.
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