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, Hennessy Advisors's share price is $13.60.
Hennessy Advisors's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 was $3.84. Hence, Hennessy Advisors's PS Ratio for today is 3.55.
Warning Sign:
Hennessy Advisors Inc stock PS Ratio (=3.54) is close to 5-year high of 3.55
The historical rank and industry rank for Hennessy Advisors's PS Ratio or its related term are showing as below:
HNNA'
s PS Ratio Range Over the Past 10 Years
Min: 1.33 Med: 2.29 Max: 4.27
Current: 3.55
During the past 13 years, Hennessy Advisors's highest PS Ratio was 4.27. The lowest was 1.33. And the median was 2.29.
HNNA's PS Ratio is ranked better than 75.64% of 1490
companies
in the Asset Management industry
Industry Median: 7.5
vs HNNA: 3.55
Hennessy Advisors 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 Hennessy Advisors was 21.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -4.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -8.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -4.30% per year.
During the past 13 years, Hennessy Advisors's highest 3-Year average Revenue per Share Growth Rate was 82.80% per year. The lowest was -28.60% per year. And the median was 6.20% per year.
Back to Basics: PS Ratio
Hennessy Advisors PS Ratio Historical Data
The historical data trend for Hennessy Advisors'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.
Competitive Comparison of Hennessy Advisors's PS Ratio
For the Asset Management subindustry, Hennessy Advisors'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.
Hennessy Advisors's PS Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Hennessy Advisors's PS Ratio distribution charts can be found below:
* The bar in red indicates where Hennessy Advisors's PS Ratio falls into.
Hennessy Advisors PS Ratio Calculation
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.
Hennessy Advisors's Share Price of today is $13.60. Hennessy Advisors's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.84.
* 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:
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.
Hennessy Advisors PS Ratio Related Terms
Thank you for viewing the detailed overview of Hennessy Advisors's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund's portfolio, including the purchase, retention, and disposition of portfolio securities in accordance with the Fund's investment objectives, policies, and restrictions; conducting investment research, and monitoring compliance with each fund's investment restrictions and applicable laws and regulations.
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