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Cowen (COWN) Median PS Value : $36.10 (As of Apr. 26, 2024)


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What is Cowen Median PS Value?

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. Cowen's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2022 was $48.372. Cowen's 10-Year median PS Ratio is 0.7463. Therefore, the Median PS Value for today is $36.10.

As of today (2024-04-26), Cowen's share price is $38.99. Cowen's Median PS Value is $36.10. Therefore, Cowen's Price to Median PS Value for today is 1.08.

The historical rank and industry rank for Cowen's Median PS Value or its related term are showing as below:

COWN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.38   Med: 0.56   Max: 1.08
Current: 1.08

During the past 13 years, the highest Price to Median PS Value of Cowen was 1.08. The lowest was 0.38. And the median was 0.56.

COWN's Price-to-Median-PS-Value is not ranked
in the Capital Markets industry.
Industry Median: 1.055 vs COWN: 1.08

Cowen Median PS Value Historical Data

The historical data trend for Cowen'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.

* Premium members only.

Cowen Median PS Value Chart

Cowen Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Median PS Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.22 39.18 54.19 54.07 36.10

Cowen Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Median PS Value Get a 7-Day Free Trial 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 54.07 44.90 39.43 38.72 36.10

Competitive Comparison of Cowen's Median PS Value

For the Capital Markets subindustry, Cowen'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.


Cowen's Price-to-Median-PS-Value Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cowen's Price-to-Median-PS-Value distribution charts can be found below:

* The bar in red indicates where Cowen's Price-to-Median-PS-Value falls into.



Cowen Median PS Value Calculation

Cowen's Median PS Value for today is calculated as

Median PS Value=Revenue per Share (TTM)*10-Year Median PS Ratio
=48.372*0.7463
=36.10

10-Year Median PS Ratio is 0.7463.
Cowen's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $48.372.

* 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.


Cowen  (NAS:COWN) 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.

Cowen's Price to Median PS Value for today is calculated as

Price to Median PS Value=Share Price/Median PS Value
=38.99/36.10
=1.08

* 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.


Cowen Median PS Value Related Terms

Thank you for viewing the detailed overview of Cowen's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Cowen (COWN) Business Description

Traded in Other Exchanges
N/A
Address
599 Lexington Avenue, 20th Floor, New York, NY, USA, 10022
Cowen provides financial services in two segments: the operating company, which includes Cowen Investment Management, investment banking, the markets division, and the research division; and the asset company, which consists of private investments, real estate investments and other legacy investment strategies. Cowen offers investment management services to institutional investors worldwide. The company offers its investment banking and research services to corporations and institutional investors in the U.S. and Europe. Revenue comes primarily through investment banking and brokerage services.
Executives
Lorence H. Kim director C/O SERES HEALTH, INC., 161 FIRST STREET, CAMBRIDGE MA 02472
Brett H Barth director COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Stephen Lasota officer: Chief Financial Officer 599 LEXINGTON AVENUE, NEW YORK NY 10022
John J Holmes officer: Chief Administrative Officer COWEN GROUP, INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Owen S Littman officer: General Counsel COWEN GROUP, INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Jeffrey M Solomon 10 percent owner, officer: Chmn Inv Comm/Prod Dev 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Gregg A Gonsalves director C/O CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Lawrence E Leibowitz director C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Margaret L Poster director C/O COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Peter A Cohen director, 10 percent owner, officer: Chairman, CEO, President 40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Douglas Rediker director 599 LEXINGON AVENUE, NEW YORK NY 11022
Michael Singer officer: CEO & President, Ramius LLC 599 LEXINGTON AVENUE, NEW YORK NY 10022
Jerome S Markowitz director C/O COUGAR TRADING, 375 PARK AVENUE, NEW YORK NY 10021
Labranche George M L Iv director, officer: Senior Managing Director ONE EXCHANGE PLAZA, NEW YORK NY 10006-3008
Labranche & Co Inc other: See Footnotes (1) and (2) ONE EXCHANGE PLAZA, NEW YORK NY 10006-3008