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, Ocean Power Technologies's share price is $0.1885.
Ocean Power Technologies's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2024 was $0.08. Hence, Ocean Power Technologies's PS Ratio for today is 2.24.
Good Sign:
Ocean Power Technologies Inc stock PS Ratio (=2.2) is close to 3-year low of 2.13
The historical rank and industry rank for Ocean Power Technologies's PS Ratio or its related term are showing as below:
OPTT'
s PS Ratio Range Over the Past 10 Years
Min: 1.52 Med: 9.01 Max: 80
Current: 2.25
During the past 13 years, Ocean Power Technologies's highest PS Ratio was 80.00. The lowest was 1.52. And the median was 9.01.
OPTT's PS Ratio is ranked worse than 60.15% of 2971
companies
in the Industrial Products industry
Industry Median: 1.65
vs OPTT: 2.25
Ocean Power Technologies Inc revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of Ocean Power Technologies was 86.70% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -40.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -48.00% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -57.10% per year.
During the past 13 years, Ocean Power Technologies's highest 3-Year average Revenue per Share Growth Rate was 12.30% per year. The lowest was -75.80% per year. And the median was -33.55% 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 Ocean Power Technologies's PS Ratio
For the Specialty Industrial Machinery subindustry, Ocean Power Technologies'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.
Ocean Power Technologies's PS Ratio Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ocean Power Technologies's PS Ratio distribution charts can be found below:
* The bar in red indicates where Ocean Power Technologies's PS Ratio falls into.
Ocean Power Technologies 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.
Ocean Power Technologies's Share Price of today is $0.1885. Ocean Power Technologies's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.08.
* 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:
Ocean Power Technologies (AMEX:OPTT) 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.
Ocean Power Technologies PS Ratio Related Terms
Thank you for viewing the detailed overview of Ocean Power Technologies's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Ocean Power Technologies (Ocean Power Technologies) Business Description
Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.
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