This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Cognex's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $4.831. Cognex's 10-Year median PS Ratio is 10.5485. Therefore, the Median PS Value for today is $50.96.
As of today (2024-04-24), Cognex's share price is $39.69. Cognex's Median PS Value is $50.96. Therefore, Cognex's Price to Median PS Value for today is 0.78.
The historical rank and industry rank for Cognex's Median PS Value or its related term are showing as below:
CGNX'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.77 Med: 1.46 Max: 2.56
Current: 0.78
During the past 13 years, the highest Price to Median PS Value of Cognex was 2.56. The lowest was 0.77. And the median was 1.46.
CGNX's Price-to-Median-PS-Value is ranked better than 72.26% of 1514
companies
in the Hardware industry
Industry Median: 1.11
vs CGNX: 0.78
Cognex Median PS Value Historical Data
The historical data trend for Cognex's Median PS Value 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 Scientific & Technical Instruments subindustry, Cognex's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Cognex Price-to-Median-PS-Value Distribution
For the Hardware industry and Technology sector, Cognex's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Cognex's Price-to-Median-PS-Value falls into.
Cognex Median PS Value Calculation
Cognex's Median PS Value for today is calculated as
10-Year Median PS Ratio is 10.5485.
Cognex'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 $4.831.
* 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.
Cognex (NAS:CGNX) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Cognex's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
39.69
/
50.96
=
0.78
* 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.
Cognex Median PS Value Related Terms
Thank you for viewing the detailed overview of Cognex's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe.
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