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, Coronation Fund Managers's share price is R39.93.
Coronation Fund Managers's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 was R11.19. Hence, Coronation Fund Managers's PS Ratio for today is 3.57.
Warning Sign:
Coronation Fund Managers Ltd stock PS Ratio (=3.57) is close to 3-year high of 3.89
The historical rank and industry rank for Coronation Fund Managers's PS Ratio or its related term are showing as below:
JSE:CML'
s PS Ratio Range Over the Past 10 Years
Min: 2.48 Med: 4.28 Max: 7.75
Current: 3.57
During the past 13 years, Coronation Fund Managers's highest PS Ratio was 7.75. The lowest was 2.48. And the median was 4.28.
JSE:CML's PS Ratio is ranked better than 75.53% of 1471
companies
in the Asset Management industry
Industry Median: 6.86
vs JSE:CML: 3.57
Coronation Fund Managers 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 Coronation Fund Managers was 7.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -2.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 2.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -1.70% per year.
During the past 13 years, Coronation Fund Managers's highest 3-Year average Revenue per Share Growth Rate was 573.60% per year. The lowest was -6.70% per year. And the median was 14.00% per year.
* 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 Coronation Fund Managers's PS Ratio
For the Asset Management subindustry, Coronation Fund Managers'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.
Coronation Fund Managers's PS Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Coronation Fund Managers's PS Ratio distribution charts can be found below:
* The bar in red indicates where Coronation Fund Managers's PS Ratio falls into.
Coronation Fund Managers 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.
Coronation Fund Managers's Share Price of today is R39.93.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Coronation Fund Managers's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 was R11.19.
* 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:
Coronation Fund Managers (JSE:CML) 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.
Coronation Fund Managers PS Ratio Related Terms
Thank you for viewing the detailed overview of Coronation Fund Managers's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.
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