Step One ClothingASX:STP +3.70%39 PS Ratio is 0.35 as of Jun. 28, 2026, which is 73% below its 10-year median of 1.30. GuruFocus rates ASX:STP with a GF Score™ of 39/100 and a GF Value™ of A$0.64 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,116 Retail - Cyclical companies, Step One Clothing ranks better than 68.37% 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, Step One Clothing's share price is A$0.14.
Step One Clothing's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.40. Hence, Step One Clothing's PS Ratio for today is 0.35.
Good Sign:
Step One Clothing Ltd stock PS Ratio (=0.3) is close to 5-year low of 0.3.
The historical rank and industry rank for Step One Clothing's PS Ratio or its related term are showing as below:
ASX:STP'
s PS Ratio Range Over the Past 10 Years
Min: 0.3 Med: 1.3 Max: 5.37
Current: 0.35
During the past 5 years, Step One Clothing's highest PS Ratio was 5.37. The lowest was 0.30. And the median was 1.30.
ASX:STP's PS Ratio is ranked better than 68.37% of 1116
companies
in the Retail - Cyclical industry
Industry Median: 0.62
vs ASX:STP: 0.35
During the past 5 years, Step One Clothing's highest 3-Year average Revenue per Share Growth Rate was 3.90% per year. The lowest was 3.90% per year. And the median was 3.90% per year.
Back to Basics: PS Ratio
Step One Clothing (ASX:STP) 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.
Step One Clothing PS Ratio Related Terms
Step One Clothing PS Ratio Historical Data
* Premium members only.
The historical data trend for Step One Clothing'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 Apparel Retail subindustry, Step One Clothing'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.
Step One Clothing PS Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's PS Ratio distribution charts can be found below:
* The bar in red indicates where Step One Clothing'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.
Step One Clothing's Share Price of today is A$0.14.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Step One Clothing's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.40.
* 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:
Step One Clothing (ASX:STP) has a PS Ratio of 0.35 as of Jun. 28, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Step One Clothing and its competitors. This is 73% below median its historical median of 1.30. Over the past decade, Step One Clothing's PS Ratio has ranged from 0.30 to 5.37. According to the industry distribution chart, Step One Clothing ranks #353 out of 1116 companies in the Retail - Cyclical industry, placing it in the top 31.6%.
Is Step One Clothing's PS Ratio too high?
Step One Clothing's current PS Ratio of 0.35 is 73% below median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 5.37. The Retail - Cyclical industry median PS Ratio is 0.62. Step One Clothing's value of 0.35 is 43.5% below this industry median. Based on the distribution chart, Step One Clothing ranks #353 out of 1116 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Step One Clothing has a GF Score™ of 39/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's PS Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Step One Clothing ranks #353 out of 1116 companies for PS Ratio. This puts Step One Clothing in the upper half of its industry. The industry median PS Ratio is 0.62. Step One Clothing's value of 0.35 is 43.5% below this benchmark. Historically, Step One Clothing's own PS Ratio has ranged from 0.30 to 5.37 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 0.62, Step One Clothing 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 Retail - Cyclical company?
The median PS Ratio among Retail - Cyclical companies is 0.62, based on 1,116 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. Step One Clothing's current PS Ratio of 0.35 is 43.5% 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 Step One Clothing and its competitors. For the Retail - Cyclical industry, the median PS Ratio is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step One Clothing's current PS Ratio is 0.35, which is 73% below median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.64, compared to a current price of A$0.14 — trading 78.1% below its estimated fair value. The current PS Ratio is 0.35, which is 73% below median its 10-year median of 1.30 and 43.5% below the Retail - Cyclical industry median of 0.62. Step One Clothing's overall GF Score™ is 39/100 with 3 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 Step One Clothing (ASX:STP), the current PS Ratio is 0.35 as of Jun. 28, 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 Step One Clothing (ASX:STP) Overvalued in 2026?
Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued.
The current stock price of A$0.14 is trading 78.1% below its estimated GF Value™ of A$0.64.
GuruFocus considers Step One Clothing to be Significantly Undervalued.
Key valuation signals for ASX:STP:
PS Ratio: 0.35 (73% below median its 10-year median of 1.30)
GF Value™: A$0.64 vs. price of A$0.14 (78.1% below fair value)
Industry Position: 43.5% below the Retail - Cyclical median (#353 of 1116)
No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
39GF Score
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