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Australia and New Zealand Banking Group Ltd (OTCPK:ANZBY)
Median P/S Value
$24.75 (As of Today)

This valuation method assumes that the stock valuation will revert to its historical mean in terms of Price/Sales Ratio. The reason we use P/S Ratio instead of P/E Ratio or P/B Ratio is because Price/Sales Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median P/S Value is calculated as trailing twelve months (TTM) revenue per share times 10-Year median P/S ratio. Australia and New Zealand Banking Group Ltd's revenue per share for the trailing twelve months (TTM) ended in Mar. 2014 was $6.29. Australia and New Zealand Banking Group Ltd's 10-Year median P/S ratio is 3.94. Therefore, the Median P/S Value for today is $24.75.

As of today, Australia and New Zealand Banking Group Ltd's share price is $31.71. Australia and New Zealand Banking Group Ltd's median P/S value is $24.75. Therefore, Australia and New Zealand Banking Group Ltd's Price to Median P/S Value Ratio for today is 1.30.

ANZBY' s 10-Year Price to Median P/S Value Range
Min: 0.64   Max: 1.3
Current: 1.3

0.64
1.3

During the past 13 years, the highest Price to Median P/S Value Ratio of Australia and New Zealand Banking Group Ltd was 1.30. The lowest was 0.64. And the median was 0.96.

ANZBY's Price to Median P/S Value is ranked higher than
61% of the 1833 Companies
in the Global Banks - Regional - Australia industry.

( Industry Median: 1.11 vs. ANZBY: 1.30 )

Definition

Australia and New Zealand Banking Group Ltd's Median P/S Value for today is calculated as

Median P/S Value=Total Annual Sales / Shares Outstanding*10-Year Median P/S Ratio
=Revenue per Share (TTM)*10-Year Median P/S Ratio
=6.29*3.94
=24.78

10-Year Median P/S Ratio is 3.94.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Australia and New Zealand Banking Group Ltd's revenue per share for the trailing twelve months (TTM) ended in Mar. 2014 was $6.29.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This valuation method assumes that the stock valuation will revert to its historical mean in terms of Price/Sales Ratio. The reason we use P/S Ratio instead of P/E Ratio or P/B Ratio is because Price/Sales Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company’s value.

Australia and New Zealand Banking Group Ltd's Price to Median P/S Value Ratio for today is calculated as

Price to Median P/S Value=Share Price/Median P/S Value
=31.71/24.78
=1.28

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Intrinsic Value (DCF Projected), Intrinsic Value (DCF), Intrinsic Value (DE), Graham Number, GAVA


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Australia and New Zealand Banking Group Ltd Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
medpsvalue 13.1014.9115.6221.6816.6522.0424.2825.2226.1324.75

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Sep09Mar10Sep10Mar11Sep11Mar12Sep12Mar13Sep13Mar14
medpsvalue 22.040.0024.280.0025.220.0026.130.0024.750.00
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