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, Magellan Health's share price is $94.99.
Magellan Health's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2021 was $183.46. Hence, Magellan Health's PS Ratio for today is 0.52.
Warning Sign:
Magellan Health Inc stock PS Ratio (=0.52) is close to 10-year high of 0.55
The historical rank and industry rank for Magellan Health's PS Ratio or its related term are showing as below:
MGLN'
s PS Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.43 Max: 0.65
Current: 0.52
During the past 13 years, Magellan Health's highest PS Ratio was 0.65. The lowest was 0.19. And the median was 0.43.
MGLN's PS Ratio is not ranked
in the Healthcare Plans industry.
Industry Median: 0.66
vs MGLN: 0.52
Magellan Health Inc revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Magellan Health was 1.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -9.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -1.00% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 9.30% per year.
During the past 13 years, Magellan Health's highest 3-Year average Revenue per Share Growth Rate was 20.20% per year. The lowest was -10.50% per year. And the median was 6.45% per year.
Back to Basics: PS Ratio
Magellan Health PS Ratio Historical Data
The historical data trend for Magellan Health's PS Ratio 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 Magellan Health's PS Ratio
For the Healthcare Plans subindustry, Magellan Health'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.
Magellan Health's PS Ratio Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Magellan Health's PS Ratio distribution charts can be found below:
* The bar in red indicates where Magellan Health's PS Ratio falls into.
Magellan Health 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.
Magellan Health's Share Price of today is $94.99. Magellan Health's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $183.46.
* 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:
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.
Magellan Health PS Ratio Related Terms
Thank you for viewing the detailed overview of Magellan Health's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Magellan Health (Magellan Health) Business Description
Magellan Health provides healthcare management services to health plans and other managed care organizations, employers, labor unions, United States government agencies, and third-party administrators. The firm operates in three segments: Healthcare, Pharmacy Management, and Corporate. The Healthcare business manages behavioral healthcare services and employee assistance program services, as well as specialty areas like diagnostic imaging. The Pharmacy Management segment includes pharmacy benefit management (PBM) services, pharmacy benefit administration for Medicaid and other government-sponsored programs, pharmaceutical dispensing operations, and clinical and formulary management programs. The Healthcare business generates the majority of revenue.
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