The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Tung Ho Steel Enterprise's share price is $22.60.
Tung Ho Steel Enterprise's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $27.20. Hence, Tung Ho Steel Enterprise's PS Ratio for today is 0.83.
Warning Sign:
Tung Ho Steel Enterprise Corp stock PS Ratio (=0.85) is close to 2-year high of 0.93
The historical rank and industry rank for Tung Ho Steel Enterprise's PS Ratio or its related term are showing as below:
LUX:TNGHS'
s PS Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.76 Max: 1.4
Current: 0.85
During the past 13 years, Tung Ho Steel Enterprise's highest PS Ratio was 1.40. The lowest was 0.48. And the median was 0.76.
LUX:TNGHS's PS Ratio is ranked worse than 63.71% of 609
companies
in the Steel industry
Industry Median: 0.53
vs LUX:TNGHS: 0.85
During the past 12 months, the average Revenue per Share Growth Rate of Tung Ho Steel Enterprise was 8.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 12.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 6.80% per year.
During the past 13 years, Tung Ho Steel Enterprise's highest 3-Year average Revenue per Share Growth Rate was 21.20% per year. The lowest was -15.50% per year. And the median was -0.90% per year.
* 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 Tung Ho Steel Enterprise's PS Ratio
For the Steel subindustry, Tung Ho Steel Enterprise's PS Ratio, along with its competitors' market caps and PS Ratio 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.
Tung Ho Steel Enterprise's PS Ratio Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's PS Ratio distribution charts can be found below:
* The bar in red indicates where Tung Ho Steel Enterprise's PS Ratio falls into.
Tung Ho Steel Enterprise PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Tung Ho Steel Enterprise's Share Price of today is $22.60. Tung Ho Steel Enterprise's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $27.20.
* 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.
It can also be calculated from the numbers for the whole company:
Tung Ho Steel Enterprise (LUX:TNGHS) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Tung Ho Steel Enterprise PS Ratio Related Terms
Thank you for viewing the detailed overview of Tung Ho Steel Enterprise's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Tung Ho Steel Enterprise (LUX:TNGHS) Business Description
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.
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