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, SMART Global Holdings's share price is $18.34.
SMART Global Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Nov. 2023 was $24.59. Hence, SMART Global Holdings's PS Ratio for today is 0.75.
The historical rank and industry rank for SMART Global Holdings's PS Ratio or its related term are showing as below:
SGH'
s PS Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.71 Max: 1.47
Current: 0.75
During the past 9 years, SMART Global Holdings's highest PS Ratio was 1.47. The lowest was 0.29. And the median was 0.71.
SGH's PS Ratio is ranked better than 87.03% of 987
companies
in the Semiconductors industry
Industry Median: 3.08
vs SGH: 0.75
During the past 12 months, the average Revenue per Share Growth Rate of SMART Global Holdings was 0.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 6.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -0.20% per year.
During the past 9 years, SMART Global Holdings's highest 3-Year average Revenue per Share Growth Rate was 26.00% per year. The lowest was -8.00% per year. And the median was 3.05% 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 SMART Global Holdings's PS Ratio
For the Semiconductors subindustry, SMART Global Holdings'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.
SMART Global Holdings's PS Ratio Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, SMART Global Holdings's PS Ratio distribution charts can be found below:
* The bar in red indicates where SMART Global Holdings's PS Ratio falls into.
SMART Global Holdings 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.
SMART Global Holdings's Share Price of today is $18.34. SMART Global Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $24.59.
* 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:
SMART Global Holdings (NAS:SGH) 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.
SMART Global Holdings PS Ratio Related Terms
Thank you for viewing the detailed overview of SMART Global Holdings's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
SMART Global Holdings (SMART Global Holdings) Business Description
SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. It specializes in application-specific product development and support for customers in the enterprise, government and original equipment manufacturer (OEM) markets. It operates in three segments such as Memory Solutions in which Memory Solutions group, under our SMART Modular brand, provides high performance and reliable memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Intelligent Platform Solutions in their IPS group, under our Penguin Solutions and newly acquired Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing.
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