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, Sinopec Oilfield Service's share price is ¥1.89.
Sinopec Oilfield Service's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was ¥4.19. Hence, Sinopec Oilfield Service's PS Ratio for today is 0.45.
The historical rank and industry rank for Sinopec Oilfield Service's PS Ratio or its related term are showing as below:
SHSE:600871'
s PS Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.59 Max: 2.38
Current: 0.45
During the past 13 years, Sinopec Oilfield Service's highest PS Ratio was 2.38. The lowest was 0.27. And the median was 0.59.
SHSE:600871's PS Ratio is ranked better than 74.47% of 948
companies
in the Oil & Gas industry
Industry Median: 1.165
vs SHSE:600871: 0.45
During the past 12 months, the average Revenue per Share Growth Rate of Sinopec Oilfield Service was 8.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 4.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -4.60% per year.
During the past 13 years, Sinopec Oilfield Service's highest 3-Year average Revenue per Share Growth Rate was 37.00% per year. The lowest was -24.40% per year. And the median was 4.80% 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 Sinopec Oilfield Service's PS Ratio
For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service'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.
Sinopec Oilfield Service's PS Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sinopec Oilfield Service's PS Ratio distribution charts can be found below:
* The bar in red indicates where Sinopec Oilfield Service's PS Ratio falls into.
Sinopec Oilfield Service 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.
Sinopec Oilfield Service's Share Price of today is ¥1.89. Sinopec Oilfield Service'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 ¥4.19.
* 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:
Sinopec Oilfield Service (SHSE:600871) 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.
Sinopec Oilfield Service PS Ratio Related Terms
Thank you for viewing the detailed overview of Sinopec Oilfield Service's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Sinopec Oilfield Service (SHSE:600871) Business Description
Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.
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