This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Qantas Airways's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$11.715. Qantas Airways's 10-Year median PS Ratio is 0.4883. Therefore, the Median PS Value for today is A$5.72.
As of today (2024-05-16), Qantas Airways's share price is A$6.15. Qantas Airways's Median PS Value is A$5.72. Therefore, Qantas Airways's Price to Median PS Value for today is 1.08.
The historical rank and industry rank for Qantas Airways's Median PS Value or its related term are showing as below:
ASX:QAN'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.42 Med: 1.15 Max: 3.38
Current: 1.08
During the past 13 years, the highest Price to Median PS Value of Qantas Airways was 3.38. The lowest was 0.42. And the median was 1.15.
ASX:QAN's Price-to-Median-PS-Value is ranked worse than 56.56% of 587
companies
in the Transportation industry
Industry Median: 0.97
vs ASX:QAN: 1.08
Qantas Airways Median PS Value Historical Data
The historical data trend for Qantas Airways's Median PS Value 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 Qantas Airways's Median PS Value
For the Airlines subindustry, Qantas Airways's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Qantas Airways's Price-to-Median-PS-Value Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Qantas Airways's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Qantas Airways's Price-to-Median-PS-Value falls into.
Qantas Airways Median PS Value Calculation
Qantas Airways's Median PS Value for today is calculated as
10-Year Median PS Ratio is 0.4883.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Qantas Airways's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$11.715.
* 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.
Qantas Airways (ASX:QAN) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS 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.
Qantas Airways's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
6.15
/
5.72
=
1.08
* 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.
Qantas Airways Median PS Value Related Terms
Thank you for viewing the detailed overview of Qantas Airways's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.
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