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, California Resources's share price is $51.68.
California Resources's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $39.22. Hence, California Resources's PS Ratio for today is 1.32.
Warning Sign:
California Resources Corp stock PS Ratio (=1.33) is close to 2-year high of 1.43
The historical rank and industry rank for California Resources's PS Ratio or its related term are showing as below:
CRC'
s PS Ratio Range Over the Past 10 Years
Min: 0.31 Med: 1.24 Max: 2.06
Current: 1.32
During the past 13 years, California Resources's highest PS Ratio was 2.06. The lowest was 0.31. And the median was 1.24.
CRC's PS Ratio is ranked worse than 53.63% of 951
companies
in the Oil & Gas industry
Industry Median: 1.16
vs CRC: 1.32
During the past 13 years, California Resources's highest 3-Year average Revenue per Share Growth Rate was 120.70% per year. The lowest was -23.30% per year. And the median was -9.50% per year.
Back to Basics: PS Ratio
California Resources PS Ratio Historical Data
The historical data trend for California Resources's PS Ratio can be seen below:
* 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 California Resources's PS Ratio
For the Oil & Gas E&P subindustry, California Resources'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.
California Resources's PS Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, California Resources's PS Ratio distribution charts can be found below:
* The bar in red indicates where California Resources's PS Ratio falls into.
California Resources 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.
California Resources's Share Price of today is $51.68. California Resources'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 $39.22.
* 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:
California Resources (NYSE:CRC) 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.
California Resources PS Ratio Related Terms
Thank you for viewing the detailed overview of California Resources's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
California Resources (California Resources) Business Description
California Resources Corp is an independent oil and natural gas exploration and production company operating properties exclusively within California. It provides affordable and reliable energy in a safe and responsible manner, to support and enhance the quality of life of Californians and the local communities in which the company operates. It has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral, and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. CRC has a large portfolio of lower-risk conventional opportunities in the following California oil and gas basins: San Joaquin, Los Angeles, Ventura, and Sacramento.
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