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. Churchill Downs's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $32.254. Churchill Downs's 10-Year median PS Ratio is 4.2327. Therefore, the Median PS Value for today is $136.52.
As of today (2024-04-23), Churchill Downs's share price is $123.50. Churchill Downs's Median PS Value is $136.52. Therefore, Churchill Downs's Price to Median PS Value for today is 0.90.
The historical rank and industry rank for Churchill Downs's Median PS Value or its related term are showing as below:
CHDN'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.88 Med: 1.93 Max: 2.88
Current: 0.9
During the past 13 years, the highest Price to Median PS Value of Churchill Downs was 2.88. The lowest was 0.88. And the median was 1.93.
CHDN's Price-to-Median-PS-Value is ranked worse than 50.92% of 487
companies
in the Travel & Leisure industry
Industry Median: 0.88
vs CHDN: 0.90
Churchill Downs Median PS Value Historical Data
The historical data trend for Churchill Downs'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.
For the Gambling subindustry, Churchill Downs'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.
Churchill Downs Price-to-Median-PS-Value Distribution
For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Churchill Downs's Price-to-Median-PS-Value falls into.
Churchill Downs Median PS Value Calculation
Churchill Downs's Median PS Value for today is calculated as
10-Year Median PS Ratio is 4.2327.
Churchill Downs'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 $32.254.
* 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.
Churchill Downs (NAS:CHDN) 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.
Churchill Downs's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
123.50
/
136.52
=
0.90
* 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.
Churchill Downs Median PS Value Related Terms
Thank you for viewing the detailed overview of Churchill Downs's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Churchill Downs (Churchill Downs) Business Description
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The company generates more than half of its revenue from the Gaming segment includes revenue from casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.
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