Northcoders GroupLSE:CODE +2.00%39 PS Ratio is 0.41 as of Jul. 01, 2026, which is 80% below its 10-year median of 2.05. GuruFocus rates LSE:CODE with a GF Score™ of 39/100 and a GF Value™ of £0.96 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 257 Education companies, Northcoders Group ranks better than 81.71% 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, Northcoders Group's share price is £0.255.
Northcoders Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was £0.62. Hence, Northcoders Group's PS Ratio for today is 0.41.
The historical rank and industry rank for Northcoders Group's PS Ratio or its related term are showing as below:
LSE:CODE'
s PS Ratio Range Over the Past 10 Years
Min: 0.28 Med: 2.05 Max: 12.18
Current: 0.41
During the past 8 years, Northcoders Group's highest PS Ratio was 12.18. The lowest was 0.28. And the median was 2.05.
LSE:CODE's PS Ratio is ranked better than 81.71% of 257
companies
in the Education industry
Industry Median: 1.21
vs LSE:CODE: 0.41
Northcoders Group PLC 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 Northcoders Group was -43.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -7.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 26.50% per year.
During the past 8 years, Northcoders Group's highest 3-Year average Revenue per Share Growth Rate was 66.20% per year. The lowest was -7.50% per year. And the median was 38.30% per year.
Back to Basics: PS Ratio
Northcoders Group (LSE:CODE) 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.
Northcoders Group PS Ratio Related Terms
Northcoders Group PS Ratio Historical Data
* Premium members only.
The historical data trend for Northcoders 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 Education & Training Services subindustry, Northcoders 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.
Northcoders Group PS Ratio vs Education Industry
For the Education industry and Consumer Defensive sector, Northcoders Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where Northcoders 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.
Northcoders Group's Share Price of today is £0.255.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northcoders Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was £0.62.
* 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:
Northcoders Group (LSE:CODE) has a PS Ratio of 0.41 as of Jul. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Northcoders Group and its competitors. This is 80% below median its historical median of 2.05. Over the past decade, Northcoders Group's PS Ratio has ranged from 0.28 to 12.18. According to the industry distribution chart, Northcoders Group ranks #47 out of 257 companies in the Education industry, placing it in the top 18.3%.
Is Northcoders Group's PS Ratio too high?
Northcoders Group's current PS Ratio of 0.41 is 80% below median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 12.18. The Education industry median PS Ratio is 1.21. Northcoders Group's value of 0.41 is 66.1% below this industry median. Based on the distribution chart, Northcoders Group ranks #47 out of 257 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Northcoders Group has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northcoders Group's PS Ratio compare to EDU and TAL?
According to the Education industry distribution chart, Northcoders Group ranks #47 out of 257 companies for PS Ratio. This places Northcoders Group in the top 18% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.21. Northcoders Group's value of 0.41 is 66.1% below this benchmark. Historically, Northcoders Group's own PS Ratio has ranged from 0.28 to 12.18 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 1.21, Northcoders 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 an Education company?
The median PS Ratio among Education companies is 1.21, based on 257 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. Northcoders Group's current PS Ratio of 0.41 is 66.1% 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 Northcoders Group and its competitors. For the Education industry, the median PS Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northcoders Group's current PS Ratio is 0.41, which is 80% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northcoders Group stock overvalued right now?
Based on GuruFocus' analysis, Northcoders Group (LSE:CODE) is currently considered Possible Value Trap. The stock's GF Value™ is £0.96, compared to a current price of £0.26 — trading 73.4% below its estimated fair value. The current PS Ratio is 0.41, which is 80% below median its 10-year median of 2.05 and 66.1% below the Education industry median of 1.21. Northcoders Group's overall GF Score™ is 39/100 with 7 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 Northcoders Group (LSE:CODE), the current PS Ratio is 0.41 as of Jul. 01, 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 Northcoders Group (LSE:CODE) Overvalued in 2026?
Based on GuruFocus' analysis, Northcoders Group stock appears to be undervalued.
The current stock price of £0.26 is trading 73.4% below its estimated GF Value™ of £0.96.
GuruFocus considers Northcoders Group to be Possible Value Trap.
Key valuation signals for LSE:CODE:
PS Ratio: 0.41 (80% below median its 10-year median of 2.05)
GF Value™: £0.96 vs. price of £0.26 (73.4% below fair value)
Industry Position: 66.1% below the Education median (#47 of 257)
No single metric tells the full story. See the LSE:CODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northcoders Group PLC is an independent provider of training programs for software coding. It offers a range of training and software development solutions to individual and corporate customers. Its offering includes bootcamp training courses, government-funded apprenticeships, bespoke training courses, and software development solutions.
39GF Score
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