Change FinancialASX:CCA PS Ratio is 2.00 as of Jul. 03, 2026, which is 55% below its 10-year median of 4.45. The stock has 2 warning signs investors should review. Among 2,776 Software companies, Change Financial ranks better than 50.36% on this metric.
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, Change Financial's share price is A$0.076.
Change Financial's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.04. Hence, Change Financial's PS Ratio for today is 2.00.
The historical rank and industry rank for Change Financial's PS Ratio or its related term are showing as below:
ASX:CCA'
s PS Ratio Range Over the Past 10 Years
Min: 1.43 Med: 4.45 Max: 135
Current: 2
During the past 10 years, Change Financial's highest PS Ratio was 135.00. The lowest was 1.43. And the median was 4.45.
ASX:CCA's PS Ratio is ranked better than 50.36% of 2776
companies
in the Software industry
Industry Median: 2.035
vs ASX:CCA: 2.00
During the past 10 years, Change Financial's highest 3-Year average Revenue per Share Growth Rate was 67.10% per year. The lowest was 0.00% per year. And the median was 6.70% per year.
Back to Basics: PS Ratio
Change Financial (ASX:CCA) PS Ratio Explanation
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.
Change Financial PS Ratio Related Terms
Change Financial PS Ratio Historical Data
* Premium members only.
The historical data trend for Change Financial'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.
For the Information Technology Services subindustry, Change Financial'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.
Change Financial PS Ratio vs Software Industry
For the Software industry and Technology sector, Change Financial's PS Ratio distribution charts can be found below:
* The bar in red indicates where Change Financial's PS Ratio falls into.
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.
Change Financial's Share Price of today is A$0.076.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Change Financial's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.04.
* 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:
Change Financial (ASX:CCA) has a PS Ratio of 2.00 as of Jul. 03, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Change Financial and its competitors. This is 55% below median its historical median of 4.45. Over the past decade, Change Financial's PS Ratio has ranged from 1.43 to 135.00. According to the industry distribution chart, Change Financial ranks #1378 out of 2776 companies in the Software industry, placing it in the top 49.6%.
Is Change Financial's PS Ratio too high?
Change Financial's current PS Ratio of 2.00 is 55% below median its 10-year median of 4.45. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 135.00. The Software industry median PS Ratio is 2.04. Change Financial's value of 2.00 is 1.7% below this industry median. Based on the distribution chart, Change Financial ranks #1378 out of 2776 companies in the Software industry, which is above the industry midpoint.
How does Change Financial's PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Change Financial ranks #1378 out of 2776 companies for PS Ratio. This puts Change Financial in the upper half of its industry. The industry median PS Ratio is 2.04. Change Financial's value of 2.00 is 1.7% below this benchmark. Historically, Change Financial's own PS Ratio has ranged from 1.43 to 135.00 over the past decade. While the company's 10-year median is 4.45 vs. the industry median of 2.04, Change Financial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a Software company?
The median PS Ratio among Software companies is 2.04, based on 2,776 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Change Financial's current PS Ratio of 2.00 is 1.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Change Financial and its competitors. For the Software industry, the median PS Ratio is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Financial's current PS Ratio is 2.00, which is 55% below median its own 10-year median of 4.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Change Financial stock overvalued right now?
Based on GuruFocus' analysis, Change Financial (ASX:CCA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.09, compared to a current price of A$0.08 — trading 15.6% below its estimated fair value. The current PS Ratio is 2.00, which is 55% below median its 10-year median of 4.45 and 1.7% below the Software industry median of 2.04. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Change Financial (ASX:CCA), the current PS Ratio is 2.00 as of Jul. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment, that is the development and provision of card payment software and services. The company serves business and financial institutions.
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