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Zambia National Commercial BankLUS:ZNCO 78 PS Ratio is 2.65 as of Aug. 10, 2026, which is 155% above its 10-year median of 1.04. GuruFocus rates LUS:ZNCO with a GF Score™ of 78/100 and a GF Value™ of ZMW6.12 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,515 Banks companies, Zambia National Commercial Bank ranks better than 59.74% 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, Zambia National Commercial Bank's share price is ZMW9.51.
Zambia National Commercial Bank's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ZMW3.60. Hence, Zambia National Commercial Bank's PS Ratio for today is 2.65.
Warning Sign:
Zambia National Commercial Bank PLC stock PS Ratio (=2.65) is close to 10-year high of 2.87.
The historical rank and industry rank for Zambia National Commercial Bank's PS Ratio or its related term are showing as below:
LUS:ZNCO'
s PS Ratio Range Over the Past 10 Years
Min: 0.27 Med: 1.04 Max: 2.87
Current: 2.65
During the past 9 years, Zambia National Commercial Bank's highest PS Ratio was 2.87. The lowest was 0.27. And the median was 1.04.
LUS:ZNCO's PS Ratio is ranked better than 59.74% of 1515
companies
in the Banks industry
Industry Median: 3.07
vs LUS:ZNCO: 2.65
During the past 9 years, Zambia National Commercial Bank's highest 3-Year average Revenue per Share Growth Rate was 36.30% per year. The lowest was 15.40% per year. And the median was 24.75% per year.
Zambia National Commercial Bank (LUS:ZNCO) 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.
Zambia National Commercial Bank PS Ratio Related Terms
Zambia National Commercial Bank PS Ratio Historical Data
* 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 Banks - Regional subindustry, Zambia National Commercial Bank'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.
Zambia National Commercial Bank PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Zambia National Commercial Bank's PS Ratio distribution charts can be found below:
* The bar in red indicates where Zambia National Commercial Bank's PS Ratio falls into.
Zambia National Commercial Bank 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.
Zambia National Commercial Bank's Share Price of today is ZMW9.51. Zambia National Commercial Bank'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 ZMW3.60.
* 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:
Zambia National Commercial Bank (LUS:ZNCO) has a PS Ratio of 2.65 as of Aug. 10, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Zambia National Commercial Bank and its competitors. This is 155% above median its historical median of 1.04. Over the past decade, Zambia National Commercial Bank's PS Ratio has ranged from 0.27 to 2.87. According to the industry distribution chart, Zambia National Commercial Bank ranks #610 out of 1515 companies in the Banks industry, placing it in the top 40.3%.
Is Zambia National Commercial Bank's PS Ratio too high?
Zambia National Commercial Bank's current PS Ratio of 2.65 is 155% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 2.87. The Banks industry median PS Ratio is 3.07. Zambia National Commercial Bank's value of 2.65 is 13.7% below this industry median. Based on the distribution chart, Zambia National Commercial Bank ranks #610 out of 1515 companies in the Banks industry, which is above the industry midpoint. Overall, Zambia National Commercial Bank has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zambia National Commercial Bank's PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Zambia National Commercial Bank ranks #610 out of 1515 companies for PS Ratio. This puts Zambia National Commercial Bank in the upper half of its industry. The industry median PS Ratio is 3.07. Zambia National Commercial Bank's value of 2.65 is 13.7% below this benchmark. Historically, Zambia National Commercial Bank's own PS Ratio has ranged from 0.27 to 2.87 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 3.07, Zambia National Commercial Bank 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 Banks company?
The median PS Ratio among Banks companies is 3.07, based on 1,515 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. Zambia National Commercial Bank's current PS Ratio of 2.65 is 13.7% 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 Zambia National Commercial Bank and its competitors. For the Banks industry, the median PS Ratio is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zambia National Commercial Bank's current PS Ratio is 2.65, which is 155% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zambia National Commercial Bank stock overvalued right now?
Based on GuruFocus' analysis, Zambia National Commercial Bank (LUS:ZNCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ZMW6.12, compared to a current price of ZMW9.51 — trading 55.4% above its estimated fair value. The current PS Ratio is 2.65, which is 155% above median its 10-year median of 1.04 and 13.7% below the Banks industry median of 3.07. Zambia National Commercial Bank's overall GF Score™ is 78/100 with 5 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 Zambia National Commercial Bank (LUS:ZNCO), the current PS Ratio is 2.65 as of Aug. 10, 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 Zambia National Commercial Bank (LUS:ZNCO) Overvalued in 2026?
Based on GuruFocus' analysis, Zambia National Commercial Bank stock appears to be overvalued.
The current stock price of ZMW9.51 is trading 55.4% above its estimated GF Value™ of ZMW6.12.
GuruFocus considers Zambia National Commercial Bank to be Significantly Overvalued.
Key valuation signals for LUS:ZNCO:
PS Ratio: 2.65 (155% above median its 10-year median of 1.04)
GF Value™: ZMW6.12 vs. price of ZMW9.51 (55.4% above fair value)
Industry Position: 13.7% below the Banks median (#610 of 1515)
No single metric tells the full story. See the LUS:ZNCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zambia National Commercial Bank PLC offers commercial banking services. Its principal activities include: the provision of retail, commercial Banking and related services to the general public, the provision of payment and technology solutions through the Digital Shared Services Limited (DSSL), and offering tailored insurance and risk advisory services. The company's segments include: Corporate Banking, Business Banking, Retail Banking, Digital Banking, and Treasury Management. The majority of revenue is derived from the Corporate banking segment, which provides corporate and investment banking solutions that incorporate direct debit facilities, deposit products, overdrafts, loans and other credit facilities and foreign currency solutions.
78GF Score
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