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, Afrocentric Investment's share price is R2.83.
Afrocentric Investment's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was R12.18. Hence, Afrocentric Investment's PS Ratio for today is 0.23.
Good Sign:
Afrocentric Investment Corp Ltd stock PS Ratio (=0.2) is close to 10-year low of 0.19
The historical rank and industry rank for Afrocentric Investment's PS Ratio or its related term are showing as below:
JSE:ACT'
s PS Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.68 Max: 1.28
Current: 0.23
During the past 13 years, Afrocentric Investment's highest PS Ratio was 1.28. The lowest was 0.19. And the median was 0.68.
JSE:ACT's PS Ratio is ranked better than 89.26% of 652
companies
in the Healthcare Providers & Services industry
Industry Median: 1.545
vs JSE:ACT: 0.23
Afrocentric Investment Corp Ltd revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Afrocentric Investment was -17.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 9.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 14.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 15.40% per year.
During the past 13 years, Afrocentric Investment's highest 3-Year average Revenue per Share Growth Rate was 21.90% per year. The lowest was -1.90% per year. And the median was 13.90% per year.
* 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 Afrocentric Investment's PS Ratio
For the Medical Care Facilities subindustry, Afrocentric Investment'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.
Afrocentric Investment's PS Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Afrocentric Investment's PS Ratio distribution charts can be found below:
* The bar in red indicates where Afrocentric Investment's PS Ratio falls into.
Afrocentric Investment 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.
Afrocentric Investment's Share Price of today is R2.83.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Afrocentric Investment's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was R12.18.
* 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:
Afrocentric Investment (JSE:ACT) 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.
Afrocentric Investment PS Ratio Related Terms
Thank you for viewing the detailed overview of Afrocentric Investment's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Afrocentric Investment (JSE:ACT) Business Description
Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.
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