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, iCoreConnect's share price is $0.9801.
iCoreConnect's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $1.10. Hence, iCoreConnect's PS Ratio for today is 0.90.
The historical rank and industry rank for iCoreConnect's PS Ratio or its related term are showing as below:
ICCT'
s PS Ratio Range Over the Past 10 Years
Min: 0.01 Med: 2.5 Max: 171.68
Current: 0.89
During the past 13 years, iCoreConnect's highest PS Ratio was 171.68. The lowest was 0.01. And the median was 2.50.
ICCT's PS Ratio is ranked better than 65.5% of 655
companies
in the Healthcare Providers & Services industry
Industry Median: 1.58
vs ICCT: 0.89
iCoreConnect Inc revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of iCoreConnect was -15.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 16.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 19.40% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -39.00% per year.
During the past 13 years, iCoreConnect's highest 3-Year average Revenue per Share Growth Rate was 774.60% per year. The lowest was -69.20% per year. And the median was -40.65% per year.
Back to Basics: PS Ratio
iCoreConnect PS Ratio Historical Data
The historical data trend for iCoreConnect'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.
For the Health Information Services subindustry, iCoreConnect'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.
iCoreConnect's PS Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, iCoreConnect's PS Ratio distribution charts can be found below:
* The bar in red indicates where iCoreConnect's PS Ratio falls into.
iCoreConnect 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.
iCoreConnect's PS Ratio for today is calculated as
iCoreConnect's Share Price of today is $0.9801. iCoreConnect's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.10.
* 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:
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.
iCoreConnect PS Ratio Related Terms
Thank you for viewing the detailed overview of iCoreConnect's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems. Its core services technology can be adopted to other vertical markets that require a high degree of secure data communication, such as the legal, financial and education fields. It markets secure HIPAA compliant cloud-based software as a service (SaaS) offering under the names of iCoreExchange, iCoreCodeGenius, iCoreSecure, iCoreMD, iCoreDental, iCoreMobile, iCoreHuddle, iCoreRx, iCorePDMP, iCoreEPCS, and iCorePay. The company's software is sold under annual recurring revenue subscriptions. The Company has a single reporting segment for reporting purposes focused on the North American market.
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