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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, Allspring Multi-Sectorome Fund's share price is $9.20. Allspring Multi-Sectorome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Oct. 2024 was $1.37. Hence, Allspring Multi-Sectorome Fund's PS Ratio for today is 6.71.
Good Sign:
Allspring Multi-Sector Income Fund stock PS Ratio (=6.68) is close to 2-year low of 6.44
The historical rank and industry rank for Allspring Multi-Sectorome Fund's PS Ratio or its related term are showing as below:
During the past 13 years, Allspring Multi-Sectorome Fund's highest PS Ratio was 362.86. The lowest was 5.34. And the median was 10.32.
Allspring Multi-Sectorome Fund's Revenue per Sharefor the six months ended in Oct. 2024 was $0.50. Its Revenue per Share for the trailing twelve months (TTM) ended in Oct. 2024 was $1.37.
Warning Sign:
Allspring Multi-Sector Income Fund 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 Allspring Multi-Sectorome Fund was 87.10% per year. During the past 3 years, the average Revenue per Share Growth Rate was -3.90% per year.
During the past 13 years, Allspring Multi-Sectorome Fund's highest 3-Year average Revenue per Share Growth Rate was 254.20% per year. The lowest was -35.20% per year. And the median was 7.30% per year.
The historical data trend for Allspring Multi-Sectorome Fund'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.
Allspring Multi-Sectorome Fund Annual Data | |||||||||||||||||||||
Trend | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | Oct24 | |||||||||||
PS Ratio | Get a 7-Day Free Trial |
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- | 8.58 | - | 11.80 | 6.62 |
Allspring Multi-Sectorome Fund Semi-Annual Data | ||||||||||||||||||||
Apr15 | Oct15 | Apr16 | Oct16 | Apr17 | Oct17 | Apr18 | Oct18 | Apr19 | Oct19 | Apr20 | Oct20 | Apr21 | Oct21 | Apr22 | Oct22 | Apr23 | Oct23 | Apr24 | Oct24 | |
PS Ratio | Get a 7-Day Free Trial |
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- | - | 11.80 | - | 6.62 |
For the Asset Management subindustry, Allspring Multi-Sectorome Fund'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.
For the Asset Management industry and Financial Services sector, Allspring Multi-Sectorome Fund's PS Ratio distribution charts can be found below:
* The bar in red indicates where Allspring Multi-Sectorome Fund'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.
Allspring Multi-Sectorome Fund's PS Ratio for today is calculated as
PS Ratio | = | Share Price | / | Revenue per Share (TTM) |
= | 9.20 | / | 1.372 | |
= | 6.71 |
Allspring Multi-Sectorome Fund's Share Price of today is $9.20.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Allspring Multi-Sectorome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Oct. 2024 was $1.37.
* 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:
PS Ratio | = | Market Cap | / | Revenue |
The Revenue here is for the trailing 12 months.
Allspring Multi-Sectorome Fund (AMEX:ERC) 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.
Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.
Be Aware
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.
Thank you for viewing the detailed overview of Allspring Multi-Sectorome Fund's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Jennifer Lea Grunberg | officer: Chief Compliance Officer | 350 PARK AVENUE, ALLSPRING GLOBAL INVESTMENTS, NEW YORK NY 10022 |
Jonathan Crawford | officer: Chief Compliance Officer | BOW BELLS HOUSE, 1 BREAD STREET, LONDON X0 EC4M 4BE |
Paul Werner Felsch | officer: Chief Complaince Officer | 100 HERITAGE RESERVE, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS WI 53051 |
Jane A Freeman | director | ALLSPRING FUNDS MANAGEMENT, LLC, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
Christopher Micah Baker | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02356 |
Karin Brotman | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 525 MARKET STREET, SAN FRANCISCO CA 94105 |
Kate Sandman Mckinley | officer: Chief Compliance Officer | ALLSPRING GLOBAL INVESTMENTS, 101 SEAPORT BLVD, BOSTON MA 02210 |
Richard Matthew Prasse | officer: Secretary | WELLS FARGO LAW DEPARTMENT, 125 HIGH STREET, FLOOR 13, BOSTON MA 02110-2704 |
Simon Fj Cockbill | officer: Chief Compliance Officer | WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 03, LONDON X0 EC4R 9AT |
Christopher M Lee | other: Portfolio Manager | WELLS CAPITAL MANAGEMENT, 525 MARKET STREET, 12TH FLOOR, SAN FRANCISCO CA 94105 |
Alison Jane Hewitt | officer: Chief Compliance Officer | WELLS FARGO BANK, 33 KING WILLIAM STREET, FLOOR 01, LONDON X0 EC4R 9AT |
Michael Joseph Schueller | other: Portfolio Manager | 100 HERITAGE RESERVE, 2ND FLOOR, WELLS CAPITAL MANAGEMENT, MENOMONEE FALLS WI 53051-4400 |
Daniel J. Mavico | officer: Chief Compliance Officer | 401 S TRYON STREET, FLOOR 2, CHARLOTTE NC 28202-1911 |
Kevin T. Roskopf | other: Share Repurchase Committee Mem | WELLS FARGO ASSET MANAGEMENT, 100 HERITAGE RESERVE, 1ST FLOOR, MENOMONEE FALLS WI 53051-4400 |
Catherine Jane Ibbotson | officer: Chief Compliance Officer | 1 PLANTATION PL 30 FENCHURCH ST, LONDON X0 EC3M 3BD |
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