Netwealth GroupASX:NWL +1.15%88 PS Ratio is 16.14 as of Jul. 06, 2026, which is 28% below its 10-year median of 22.39. GuruFocus rates ASX:NWL with a GF Score™ of 88/100 and a GF Value™ of A$35.38 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,775 Software companies, Netwealth Group ranks worse than 91.53% 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, Netwealth Group's share price is A$22.89.
Netwealth Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.42. Hence, Netwealth Group's PS Ratio for today is 16.14.
The historical rank and industry rank for Netwealth Group's PS Ratio or its related term are showing as below:
ASX:NWL'
s PS Ratio Range Over the Past 10 Years
Min: 14.65 Med: 22.39 Max: 35.17
Current: 16.14
During the past 8 years, Netwealth Group's highest PS Ratio was 35.17. The lowest was 14.65. And the median was 22.39.
ASX:NWL's PS Ratio is ranked worse than 91.53% of 2775
companies
in the Software industry
Industry Median: 2.05
vs ASX:NWL: 16.14
During the past 12 months, the average Revenue per Share Growth Rate of Netwealth Group was 25.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 23.00% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 19.90% per year.
During the past 8 years, Netwealth Group's highest 3-Year average Revenue per Share Growth Rate was 23.00% per year. The lowest was 18.20% per year. And the median was 18.90% per year.
Back to Basics: PS Ratio
Netwealth Group (ASX:NWL) 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.
Netwealth Group PS Ratio Related Terms
Netwealth Group PS Ratio Historical Data
* Premium members only.
The historical data trend for Netwealth 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 Software - Application subindustry, Netwealth 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.
Netwealth Group PS Ratio vs Software Industry
For the Software industry and Technology sector, Netwealth Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where Netwealth Group'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.
Netwealth Group's Share Price of today is A$22.89.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Netwealth Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.42.
* 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:
Netwealth Group (ASX:NWL) has a PS Ratio of 16.14 as of Jul. 06, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Netwealth Group and its competitors. This is 28% below median its historical median of 22.39. Over the past decade, Netwealth Group's PS Ratio has ranged from 14.65 to 35.17. According to the industry distribution chart, Netwealth Group ranks #2540 out of 2775 companies in the Software industry, placing it in the top 91.5%.
Is Netwealth Group's PS Ratio too high?
Netwealth Group's current PS Ratio of 16.14 is 28% below median its 10-year median of 22.39. Over the past 10 years, this metric has ranged from a low of 14.65 to a high of 35.17. The Software industry median PS Ratio is 2.05. Netwealth Group's value of 16.14 is 687.3% above this industry median. Based on the distribution chart, Netwealth Group ranks #2540 out of 2775 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Netwealth Group has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netwealth Group's PS Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Netwealth Group ranks #2540 out of 2775 companies for PS Ratio. This places Netwealth Group in the lower half of its industry. The industry median PS Ratio is 2.05. Netwealth Group's value of 16.14 is 687.3% above this benchmark. Historically, Netwealth Group's own PS Ratio has ranged from 14.65 to 35.17 over the past decade. While the company's 10-year median is 22.39 vs. the industry median of 2.05, Netwealth Group has consistently been above 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 2.05, based on 2,775 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. Netwealth Group's current PS Ratio of 16.14 is 687.3% above 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 Netwealth Group and its competitors. For the Software industry, the median PS Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netwealth Group's current PS Ratio is 16.14, which is 28% below median its own 10-year median of 22.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netwealth Group stock overvalued right now?
Based on GuruFocus' analysis, Netwealth Group (ASX:NWL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$35.38, compared to a current price of A$22.89 — trading 35.3% below its estimated fair value. The current PS Ratio is 16.14, which is 28% below median its 10-year median of 22.39 and 687.3% above the Software industry median of 2.05. Netwealth Group's overall GF Score™ is 88/100 with 2 warning signs to review. 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 Netwealth Group (ASX:NWL), the current PS Ratio is 16.14 as of Jul. 06, 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.
Is Netwealth Group (ASX:NWL) Overvalued in 2026?
Based on GuruFocus' analysis, Netwealth Group stock appears to be undervalued.
The current stock price of A$22.89 is trading 35.3% below its estimated GF Value™ of A$35.38.
GuruFocus considers Netwealth Group to be Significantly Undervalued.
Key valuation signals for ASX:NWL:
PS Ratio: 16.14 (28% below median its 10-year median of 22.39)
GF Value™: A$35.38 vs. price of A$22.89 (35.3% below fair value)
Industry Position: 687.3% above the Software median (#2540 of 2775)
No single metric tells the full story. See the ASX:NWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netwealth provides cloud-based investment administration software as a service in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform, which are managed by third-party investment managers.
88GF Score
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