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, Precision Optics's share price is $6.6498.
Precision Optics's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $3.28. Hence, Precision Optics's PS Ratio for today is 2.03.
The historical rank and industry rank for Precision Optics's PS Ratio or its related term are showing as below:
POCI'
s PS Ratio Range Over the Past 10 Years
Min: 0.38 Med: 1.61 Max: 3.89
Current: 2.02
During the past 13 years, Precision Optics's highest PS Ratio was 3.89. The lowest was 0.38. And the median was 1.61.
POCI's PS Ratio is ranked better than 67.2% of 808
companies
in the Medical Devices & Instruments industry
Industry Median: 3.275
vs POCI: 2.02
Precision Optics Corp 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 Precision Optics was -8.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 17.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 22.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 5.00% per year.
During the past 13 years, Precision Optics's highest 3-Year average Revenue per Share Growth Rate was 26.40% per year. The lowest was -47.10% per year. And the median was -15.65% per year.
Back to Basics: PS Ratio
Precision Optics PS Ratio Historical Data
The historical data trend for Precision Optics'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 Precision Optics's PS Ratio
For the Medical Instruments & Supplies subindustry, Precision Optics'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.
Precision Optics's PS Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Precision Optics's PS Ratio distribution charts can be found below:
* The bar in red indicates where Precision Optics's PS Ratio falls into.
Precision Optics 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.
Precision Optics's Share Price of today is $6.6498. Precision Optics'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 $3.28.
* 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.
Precision Optics PS Ratio Related Terms
Thank you for viewing the detailed overview of Precision Optics's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Precision Optics (Precision Optics) Business Description
Precision Optics Corp Inc is engaged in designing, developing, and manufacturing advanced optical instruments. It manufactures medical products such as endoscopes and endocouplers which incorporate various optical technologies for use in a variety of minimally invasive surgical and diagnostic procedures. The company also produces endoscopes for various applications as well as designs and manufactures custom optical medical devices to satisfy customers' specific requirements. In addition, the company manufactures and sells components and assemblies specially designed for industrial and military use. The company earns the majority of its revenue from the United States.
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