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, 1st Source's share price is $50.41.
1st Source's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $15.00. Hence, 1st Source's PS Ratio for today is 3.36.
Warning Sign:
1st Source Corp stock PS Ratio (=3.4) is close to 1-year high of 3.65
The historical rank and industry rank for 1st Source's PS Ratio or its related term are showing as below:
SRCE'
s PS Ratio Range Over the Past 10 Years
Min: 2.19 Med: 3.44 Max: 4.99
Current: 3.37
During the past 13 years, 1st Source's highest PS Ratio was 4.99. The lowest was 2.19. And the median was 3.44.
SRCE's PS Ratio is ranked worse than 74% of 1450
companies
in the Banks industry
Industry Median: 2.4
vs SRCE: 3.37
1st Source's Revenue per Sharefor the
three
months ended in Dec. 2023 was $3.74.
Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $15.00.
Good Sign:
1st Source Corp has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of 1st Source was 4.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 5.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 4.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 5.90% per year.
During the past 13 years, 1st Source's highest 3-Year average Revenue per Share Growth Rate was 47.10% per year. The lowest was -12.40% per year. And the median was 4.45% per year.
Back to Basics: PS Ratio
1st Source PS Ratio Historical Data
The historical data trend for 1st Source'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.
For the Banks - Regional subindustry, 1st Source'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.
1st Source's PS Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, 1st Source's PS Ratio distribution charts can be found below:
* The bar in red indicates where 1st Source's PS Ratio falls into.
1st Source 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.
1st Source's Share Price of today is $50.41.
1st Source'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 $15.00.
* 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.
1st Source PS Ratio Related Terms
Thank you for viewing the detailed overview of 1st Source's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
1st Source Corp along with its subsidiary offers banking services. The bank provides Commercial, Agricultural, and Real Estate Loans which are given to privately owned business clients mainly located within regional market area, Consumer Services that consists of full range of consumer banking products and services, Trust and Wealth Advisory Services which includes wide range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients, and Specialty Finance Group Services that provide a broad range of comprehensive equipment loan and lease products addressing the financing needs of a broad array of companies.
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