X2M ConnectASX:X2M +25.00% PS Ratio is 0.38 as of Jul. 03, 2026, which is 37% below its 10-year median of 0.60. The stock has 8 warning signs investors should review. Among 2,470 Hardware companies, X2M Connect ranks better than 89.31% 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, X2M Connect's share price is A$0.005.
X2M Connect's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.01. Hence, X2M Connect's PS Ratio for today is 0.38.
The historical rank and industry rank for X2M Connect's PS Ratio or its related term are showing as below:
ASX:X2M'
s PS Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.6 Max: 1.8
Current: 0.39
During the past 4 years, X2M Connect's highest PS Ratio was 1.80. The lowest was 0.18. And the median was 0.60.
ASX:X2M's PS Ratio is ranked better than 89.31% of 2470
companies
in the Hardware industry
Industry Median: 1.955
vs ASX:X2M: 0.39
X2M Connect Ltd 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 X2M Connect was -55.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -37.00% per year.
During the past 4 years, X2M Connect's highest 3-Year average Revenue per Share Growth Rate was -37.00% per year. The lowest was -37.00% per year. And the median was -37.00% per year.
Back to Basics: PS Ratio
X2M Connect (ASX:X2M) 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.
X2M Connect PS Ratio Related Terms
X2M Connect PS Ratio Historical Data
* Premium members only.
The historical data trend for X2M Connect'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 Scientific & Technical Instruments subindustry, X2M Connect'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.
X2M Connect PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, X2M Connect's PS Ratio distribution charts can be found below:
* The bar in red indicates where X2M Connect'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.
X2M Connect's Share Price of today is A$0.005.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. X2M Connect's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.01.
* 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:
X2M Connect (ASX:X2M) has a PS Ratio of 0.38 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 X2M Connect and its competitors. This is 37% below median its historical median of 0.60. Over the past decade, X2M Connect's PS Ratio has ranged from 0.18 to 1.80. According to the industry distribution chart, X2M Connect ranks #264 out of 2470 companies in the Hardware industry, placing it in the top 10.7%.
Is X2M Connect's PS Ratio too high?
X2M Connect's current PS Ratio of 0.38 is 37% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.80. The Hardware industry median PS Ratio is 1.96. X2M Connect's value of 0.38 is 80.6% below this industry median. Based on the distribution chart, X2M Connect ranks #264 out of 2470 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers.
How does X2M Connect's PS Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, X2M Connect ranks #264 out of 2470 companies for PS Ratio. This places X2M Connect in the top 11% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.96. X2M Connect's value of 0.38 is 80.6% below this benchmark. Historically, X2M Connect's own PS Ratio has ranged from 0.18 to 1.80 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.96, X2M Connect 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 Hardware company?
The median PS Ratio among Hardware companies is 1.96, based on 2,470 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. X2M Connect's current PS Ratio of 0.38 is 80.6% 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 X2M Connect and its competitors. For the Hardware industry, the median PS Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. X2M Connect's current PS Ratio is 0.38, which is 37% below median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is X2M Connect stock overvalued right now?
Based on GuruFocus' analysis, X2M Connect (ASX:X2M) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.01, compared to a current price of A$0.01 — trading 50% below its estimated fair value. The current PS Ratio is 0.38, which is 37% below median its 10-year median of 0.60 and 80.6% below the Hardware industry median of 1.96. 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 X2M Connect (ASX:X2M), the current PS Ratio is 0.38 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.
X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors and which enables data exchange and control of these devices. The company's geographical segment includes South Korea, China, Taiwan, and other countries. It derives a majority of revenue from South Korea.
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