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. Ardmore Shipping's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $9.474. Ardmore Shipping's 10-Year median PS Ratio is 1.2381. Therefore, the Median PS Value for today is $11.73.
As of today (2024-04-25), Ardmore Shipping's share price is $16.23. Ardmore Shipping's Median PS Value is $11.73. Therefore, Ardmore Shipping's Price to Median PS Value for today is 1.38.
The historical rank and industry rank for Ardmore Shipping's Median PS Value or its related term are showing as below:
ASC'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 1.2 Med: 1.2 Max: 1.4
Current: 1.38
During the past 13 years, the highest Price to Median PS Value of Ardmore Shipping was 1.40. The lowest was 1.20. And the median was 1.20.
ASC's Price-to-Median-PS-Value is ranked worse than 73.02% of 582
companies
in the Transportation industry
Industry Median: 0.99
vs ASC: 1.38
Ardmore Shipping Median PS Value Historical Data
The historical data trend for Ardmore Shipping'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 Ardmore Shipping's Median PS Value
For the Marine Shipping subindustry, Ardmore Shipping'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.
Ardmore Shipping's Price-to-Median-PS-Value Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Ardmore Shipping's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Ardmore Shipping's Price-to-Median-PS-Value falls into.
Ardmore Shipping Median PS Value Calculation
Ardmore Shipping's Median PS Value for today is calculated as
10-Year Median PS Ratio is 1.2381.
Ardmore Shipping'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 $9.474.
* 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.
Ardmore Shipping (NYSE:ASC) 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.
Ardmore Shipping's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
16.23
/
11.73
=
1.38
* 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.
Ardmore Shipping Median PS Value Related Terms
Thank you for viewing the detailed overview of Ardmore Shipping's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Ardmore Shipping (Ardmore Shipping) Business Description
Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.
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