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. Spirit Airlines's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $49.13. Spirit Airlines's 10-Year median PS Ratio is 1.0908. Therefore, the Median PS Value for today is $53.59.
As of today (2024-04-23), Spirit Airlines's share price is $3.79. Spirit Airlines's Median PS Value is $53.59. Therefore, Spirit Airlines's Price to Median PS Value for today is 0.07.
The historical rank and industry rank for Spirit Airlines's Median PS Value or its related term are showing as below:
SAVE'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.07 Med: 0.45 Max: 0.92
Current: 0.07
During the past 13 years, the highest Price to Median PS Value of Spirit Airlines was 0.92. The lowest was 0.07. And the median was 0.45.
SAVE's Price-to-Median-PS-Value is ranked better than 99.49% of 583
companies
in the Transportation industry
Industry Median: 0.98
vs SAVE: 0.07
Spirit Airlines Median PS Value Historical Data
The historical data trend for Spirit Airlines'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 Airlines subindustry, Spirit Airlines'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.
Spirit Airlines Price-to-Median-PS-Value Distribution
For the Transportation industry and Industrials sector, Spirit Airlines's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Spirit Airlines's Price-to-Median-PS-Value falls into.
Spirit Airlines Median PS Value Calculation
Spirit Airlines's Median PS Value for today is calculated as
10-Year Median PS Ratio is 1.0908.
Spirit Airlines'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 $49.13.
* 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.
Spirit Airlines (NYSE:SAVE) 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.
Spirit Airlines's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
3.79
/
53.59
=
0.07
* 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.
Spirit Airlines Median PS Value Related Terms
Thank you for viewing the detailed overview of Spirit Airlines's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Spirit Airlines (Spirit Airlines) Business Description
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
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