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, Mirvac Group's share price is A$2.07.
Mirvac Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.58. Hence, Mirvac Group's PS Ratio for today is 3.58.
The historical rank and industry rank for Mirvac Group's PS Ratio or its related term are showing as below:
ASX:MGR'
s PS Ratio Range Over the Past 10 Years
Min: 3.2 Med: 4.12 Max: 6.92
Current: 3.62
During the past 13 years, Mirvac Group's highest PS Ratio was 6.92. The lowest was 3.20. And the median was 4.12.
ASX:MGR's PS Ratio is ranked better than 77.99% of 827
companies
in the REITs industry
Industry Median: 6.52
vs ASX:MGR: 3.62
Mirvac Group revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of Mirvac Group was 31.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -4.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -3.80% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 0.60% per year.
During the past 13 years, Mirvac Group's highest 3-Year average Revenue per Share Growth Rate was 14.70% per year. The lowest was -33.90% per year. And the median was -1.35% per year.
Back to Basics: PS Ratio
Mirvac Group PS Ratio Historical Data
The historical data trend for Mirvac Group'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 REIT - Diversified subindustry, Mirvac Group'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.
Mirvac Group's PS Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where Mirvac Group's PS Ratio falls into.
Mirvac Group 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.
Mirvac Group's PS Ratio for today is calculated as
Mirvac Group's Share Price of today is A$2.07.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mirvac Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.58.
* 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.
Mirvac Group PS Ratio Related Terms
Thank you for viewing the detailed overview of Mirvac Group's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.
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