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. Joy Global's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2017 was $23.788. Joy Global's 10-Year median PS Ratio is 0. Therefore, the Median PS Value for today is $0.00.
As of today (2024-05-11), Joy Global's share price is $28.30. Joy Global's Median PS Value is $0.00. Therefore, Joy Global's Price to Median PS Value for today is 0.00.
The historical rank and industry rank for Joy Global's Median PS Value or its related term are showing as below:
JOY's Price-to-Median-PS-Value is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 1.07 * Ranked among companies with meaningful Price-to-Median-PS-Value only.
Joy Global Median PS Value Historical Data
The historical data trend for Joy Global'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.
Competitive Comparison of Joy Global's Median PS Value
For the Farm & Heavy Construction Machinery subindustry, Joy Global'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.
Joy Global's Price-to-Median-PS-Value Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Joy Global's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Joy Global's Price-to-Median-PS-Value falls into.
Joy Global Median PS Value Calculation
Joy Global's Median PS Value for today is calculated as
10-Year Median PS Ratio is 0.
Joy Global's Revenue per Share for the trailing twelve months (TTM) ended in Jan. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.788.
* 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.
Joy Global (NYSE:JOY) 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.
Joy Global's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
28.30
/
0.00
=
* 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.
Joy Global Median PS Value Related Terms
Thank you for viewing the detailed overview of Joy Global's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.
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