What is Provident Financial Services Median PS Value?
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. Provident Financial Services's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $6.176. Provident Financial Services's 10-Year median PS Ratio is 4.2244. Therefore, the Median PS Value for today is $26.09.
As of today (2024-04-24), Provident Financial Services's share price is $15.55. Provident Financial Services's Median PS Value is $26.09. Therefore, Provident Financial Services's Price to Median PS Value for today is 0.60.
The historical rank and industry rank for Provident Financial Services's Median PS Value or its related term are showing as below:
PFS'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.58 Med: 1.07 Max: 1.54
Current: 0.6
During the past 13 years, the highest Price to Median PS Value of Provident Financial Services was 1.54. The lowest was 0.58. And the median was 1.07.
PFS's Price-to-Median-PS-Value is ranked better than 84.98% of 952
companies
in the Banks industry
Industry Median: 0.855
vs PFS: 0.60
Provident Financial Services Median PS Value Historical Data
The historical data trend for Provident Financial Services'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.
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Provident Financial Services Median PS Value Chart
Competitive Comparison of Provident Financial Services's Median PS Value
For the Banks - Regional subindustry, Provident Financial Services'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.
Provident Financial Services's Price-to-Median-PS-Value Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Provident Financial Services's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Provident Financial Services's Price-to-Median-PS-Value falls into.
Provident Financial Services Median PS Value Calculation
Provident Financial Services's Median PS Value for today is calculated as
10-Year Median PS Ratio is 4.2244.
Provident Financial Services'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 $6.176.
* 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.
Provident Financial Services (NYSE:PFS) 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.
Provident Financial Services's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
15.55
/
26.09
=
0.60
* 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.
Provident Financial Services Median PS Value Related Terms
Thank you for viewing the detailed overview of Provident Financial Services's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Provident Financial Services (Provident Financial Services) Business Description
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
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