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VNET GroupHAM:217A -3.21%59 PS Ratio is 1.42 as of Jul. 19, 2026, which is 8% below its 10-year median of 1.54. GuruFocus rates HAM:217A with a GF Score™ of 59/100 and a GF Value™ of €3.88. The stock has 8 warning signs investors should review. Among 2,789 Software companies, VNET Group ranks better than 61.35% 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, VNET Group's share price is €6.64.
VNET Group's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €4.69. Hence, VNET Group's PS Ratio for today is 1.42.
Good Sign:
VNET Group Inc stock PS Ratio (=1.36) is close to 1-year low of 1.36.
The historical rank and industry rank for VNET Group's PS Ratio or its related term are showing as below:
HAM:217A'
s PS Ratio Range Over the Past 10 Years
Min: 0.22 Med: 1.54 Max: 7.22
Current: 1.36
During the past 13 years, VNET Group's highest PS Ratio was 7.22. The lowest was 0.22. And the median was 1.54.
HAM:217A's PS Ratio is ranked better than 61.35% of 2789
companies
in the Software industry
Industry Median: 2.01
vs HAM:217A: 1.36
VNET Group Inc 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 VNET Group was 28.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -8.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -6.30% per year.
During the past 13 years, VNET Group's highest 3-Year average Revenue per Share Growth Rate was 39.60% per year. The lowest was -15.20% per year. And the median was 3.25% per year.
Back to Basics: PS Ratio
VNET Group (HAM:217A) 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.
VNET Group PS Ratio Related Terms
VNET Group PS Ratio Historical Data
* Premium members only.
The historical data trend for VNET 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 Information Technology Services subindustry, VNET 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.
VNET Group PS Ratio vs Software Industry
For the Software industry and Technology sector, VNET Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where VNET 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.
VNET Group's Share Price of today is €6.64. VNET Group's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4.69.
* 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:
VNET Group (HAM:217A) has a PS Ratio of 1.42 as of Jul. 19, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on VNET Group and its competitors. This is near median its historical median of 1.54. Over the past decade, VNET Group's PS Ratio has ranged from 0.22 to 7.22. According to the industry distribution chart, VNET Group ranks #1078 out of 2789 companies in the Software industry, placing it in the top 38.7%.
Is VNET Group's PS Ratio too high?
VNET Group's current PS Ratio of 1.42 is near median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 7.22. The Software industry median PS Ratio is 2.01. VNET Group's value of 1.42 is 29.4% below this industry median. Based on the distribution chart, VNET Group ranks #1078 out of 2789 companies in the Software industry, which is above the industry midpoint. Overall, VNET Group has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's PS Ratio compare to INOD and KD?
According to the Software industry distribution chart, VNET Group ranks #1078 out of 2789 companies for PS Ratio. This puts VNET Group in the upper half of its industry. The industry median PS Ratio is 2.01. VNET Group's value of 1.42 is 29.4% below this benchmark. Historically, VNET Group's own PS Ratio has ranged from 0.22 to 7.22 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 2.01, VNET Group 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 Software company?
The median PS Ratio among Software companies is 2.01, based on 2,789 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. VNET Group's current PS Ratio of 1.42 is 29.4% 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 VNET Group and its competitors. For the Software industry, the median PS Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNET Group's current PS Ratio is 1.42, which is near median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current PS Ratio of 1.42. The stock's GF Value™ is €3.88, compared to a current price of €6.64 — trading 71.1% above its estimated fair value. The current PS Ratio is 1.42, which is near median its 10-year median of 1.54 and 29.4% below the Software industry median of 2.01. VNET Group's overall GF Score™ is 59/100 with 8 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 VNET Group (HAM:217A), the current PS Ratio is 1.42 as of Jul. 19, 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 VNET Group (HAM:217A) Overvalued in 2026?
Based on GuruFocus' analysis, VNET Group stock appears to be overvalued.
The current stock price of €6.64 is trading 71.1% above its estimated GF Value™ of €3.88.
Key valuation signals for HAM:217A:
PS Ratio: 1.42 (near median its 10-year median of 1.54)
GF Value™: €3.88 vs. price of €6.64 (71.1% above fair value)
Industry Position: 29.4% below the Software median (#1078 of 2789)
No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
59GF Score
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