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, NEW GERMANY FUND's share price is $8.635.
NEW GERMANY FUND's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.66. Hence, NEW GERMANY FUND's PS Ratio for today is .
Good Sign:
NEW GERMANY FUND INC stock PS Ratio (=5.89) is close to 2-year low of 5.57
The historical rank and industry rank for NEW GERMANY FUND's PS Ratio or its related term are showing as below:
During the past 7 years, NEW GERMANY FUND's highest PS Ratio was 21.77. The lowest was 1.58. And the median was 3.24.
GF's PS Ratio is not ranked *
in the Asset Management industry.
Industry Median: 8.17 * Ranked among companies with meaningful PS Ratio only.
NEW GERMANY FUND INC revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of NEW GERMANY FUND was -152.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -38.80% per year.
During the past 7 years, NEW GERMANY FUND's highest 3-Year average Revenue per Share Growth Rate was -4.70% per year. The lowest was -38.80% per year. And the median was -21.75% per year.
Back to Basics: PS Ratio
NEW GERMANY FUND PS Ratio Historical Data
The historical data trend for NEW GERMANY FUND'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.
Competitive Comparison of NEW GERMANY FUND's PS Ratio
For the Asset Management subindustry, NEW GERMANY FUND'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.
NEW GERMANY FUND's PS Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, NEW GERMANY FUND's PS Ratio distribution charts can be found below:
* The bar in red indicates where NEW GERMANY FUND's PS Ratio falls into.
NEW GERMANY FUND 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.
NEW GERMANY FUND's Share Price of today is $8.635.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NEW GERMANY FUND's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2024 was $-0.66.
* 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.
NEW GERMANY FUND PS Ratio Related Terms
Thank you for viewing the detailed overview of NEW GERMANY FUND's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
NEW GERMANY FUND INC is the United States based non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle market German equities. The fund's portfolio of investment includes investment in different sectors such as the industrials, information technology, material, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, healthcare, Energy and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Italy.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GF has been successfully added to your 