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Patterson-UTI Energy (Patterson-UTI Energy) PS Ratio

: 0.78 (As of Today)
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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, Patterson-UTI Energy's share price is $11.51. Patterson-UTI Energy's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $14.68. Hence, Patterson-UTI Energy's PS Ratio for today is 0.78.

The historical rank and industry rank for Patterson-UTI Energy's PS Ratio or its related term are showing as below:

PTEN' s PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 1.22   Max: 4.58
Current: 0.79

During the past 13 years, Patterson-UTI Energy's highest PS Ratio was 4.58. The lowest was 0.15. And the median was 1.22.

PTEN's PS Ratio is ranked better than
63.42% of 946 companies
in the Oil & Gas industry
Industry Median: 1.18 vs PTEN: 0.79

Patterson-UTI Energy's Revenue per Sharefor the three months ended in Dec. 2023 was $3.80. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $14.68.

During the past 12 months, the average Revenue per Share Growth Rate of Patterson-UTI Energy was 22.70% per year. During the past 3 years, the average Revenue per Share Growth Rate was 35.30% per year. During the past 10 years, the average Revenue per Share Growth Rate was -4.90% per year.

During the past 13 years, Patterson-UTI Energy's highest 3-Year average Revenue per Share Growth Rate was 51.70% per year. The lowest was -30.50% per year. And the median was 7.30% per year.

Back to Basics: PS Ratio


Patterson-UTI Energy PS Ratio Historical Data

The historical data trend for Patterson-UTI Energy'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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 0.86 [6] => 0.88 [7] => 1.21 [8] => 1.40 [9] => 0.73 )
Patterson-UTI Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PS Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.88 1.21 1.40 0.73

Patterson-UTI Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PS Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.40 0.87 0.84 0.96 0.73

Competitive Comparison

For the Oil & Gas Drilling subindustry, Patterson-UTI Energy'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.


Patterson-UTI Energy PS Ratio Distribution

For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's PS Ratio distribution charts can be found below:

* The bar in red indicates where Patterson-UTI Energy's PS Ratio falls into.



Patterson-UTI Energy 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.

Patterson-UTI Energy's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=11.51/14.684
=0.78

Patterson-UTI Energy's Share Price of today is $11.51.
Patterson-UTI Energy'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 $14.68.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.


Patterson-UTI Energy  (NAS:PTEN) 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.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Patterson-UTI Energy PS Ratio Related Terms

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Patterson-UTI Energy (Patterson-UTI Energy) Business Description

Traded in Other Exchanges
Address
10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
Executives
Tiffany Thom Cepak director C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Charles Andrew Smith officer: EVP & Chief Financial Officer 13627 COMELY LANE, HOUSTON TX 77079
Seth David Wexler officer: GENERAL COUNSEL AND SECRETARY 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
James Carl Stewart director 1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056
James Michael Holcomb officer: President-Drilling Subsidiary 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
Amy H Nelson director 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Drummond Robert Wayne Jr director 1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010
Leslie Ann Beyer director C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Gary M. Halverson director 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Matthew Gillard officer: President-Completions 3990 ROGERDALE RD., HOUSTON TX 77042
Blackstone Management Associates Vii L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bcp Vii/bep Ii Holdings Manager L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Energy Management Associates Ii L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bep Diamond Aggregator L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Ema Ii L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154