BOC Kenya (NAI:BOC) PS Ratio: 2.34 (As of Jul. 27, 2026) — 80% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NAI:BOC BOC Kenya PLC NAI:BOC
72 GF Score
Price KES171.00
GF Value KES90.18
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is BOC Kenya PS Ratio?

BOC Kenya NAI:BOC +0.44% 72 PS Ratio is 2.34 as of Jul. 27, 2026, which is 80% above its 10-year median of 1.30. GuruFocus rates NAI:BOC with a GF Score™ of 72/100 and a GF Value™ of KES90.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,575 Chemicals companies, BOC Kenya ranks worse than 66.22% 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, BOC Kenya's share price is KES171.00. BOC Kenya's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was KES73.09. Hence, BOC Kenya's PS Ratio for today is 2.34.

Warning Sign:

BOC Kenya PLC stock PS Ratio (=2.34) is close to 10-year high of 2.43.

The historical rank and industry rank for BOC Kenya's PS Ratio or its related term are showing as below:

NAI:BOC' s PS Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.3   Max: 2.43
Current: 2.34

During the past 13 years, BOC Kenya's highest PS Ratio was 2.43. The lowest was 0.85. And the median was 1.30.

NAI:BOC's PS Ratio is ranked worse than
66.22% of 1575 companies
in the Chemicals industry
Industry Median: 1.39 vs NAI:BOC: 2.34

BOC Kenya's Revenue per Sharefor the six months ended in Dec. 2025 was KES73.09. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was KES73.09.

During the past 12 months, the average Revenue per Share Growth Rate of BOC Kenya was 18.50% per year. During the past 3 years, the average Revenue per Share Growth Rate was 3.50% per year. During the past 5 years, the average Revenue per Share Growth Rate was 3.10% per year. During the past 10 years, the average Revenue per Share Growth Rate was 3.40% per year.

During the past 13 years, BOC Kenya's highest 3-Year average Revenue per Share Growth Rate was 12.70% per year. The lowest was -9.30% per year. And the median was -2.90% per year.

Back to Basics: PS Ratio


BOC Kenya  (NAI:BOC) 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.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


BOC Kenya PS Ratio Related Terms


BOC Kenya PS Ratio Historical Data

* Premium members only.

The historical data trend for BOC Kenya'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.

BOC Kenya PS Ratio Chart

BOC Kenya Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.07 1.04 1.44 1.74

BOC Kenya Semi-Annual Data
Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 1.07 1.04 1.44 1.74

NAI:BOC vs DOW: PS Ratio Comparison

For the Chemicals subindustry, BOC Kenya'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.


BOC Kenya PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, BOC Kenya's PS Ratio distribution charts can be found below:

* The bar in red indicates where BOC Kenya's PS Ratio falls into.


NAI:BOC
72GF Score
BOC Kenya PLC NAI:BOC
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BOC Kenya 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.

BOC Kenya's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=171.00/73.088
=2.34

BOC Kenya's Share Price of today is KES171.00.
For company reported annually, GuruFocus uses latest annual data as the TTM data. BOC Kenya's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was KES73.09.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 2.34 mean?
BOC Kenya (NAI:BOC) has a PS Ratio of 2.34 as of Jul. 27, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on BOC Kenya and its competitors. This is 80% above median its historical median of 1.30. Over the past decade, BOC Kenya's PS Ratio has ranged from 0.85 to 2.43. According to the industry distribution chart, BOC Kenya ranks #1043 out of 1575 companies in the Chemicals industry, placing it in the top 66.2%.
Is BOC Kenya's PS Ratio too high?
BOC Kenya's current PS Ratio of 2.34 is 80% above median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.43. The Chemicals industry median PS Ratio is 1.39. BOC Kenya's value of 2.34 is 68.3% above this industry median. Based on the distribution chart, BOC Kenya ranks #1043 out of 1575 companies in the Chemicals industry, which is below the industry midpoint. Overall, BOC Kenya has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BOC Kenya's PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, BOC Kenya ranks #1043 out of 1575 companies for PS Ratio. This places BOC Kenya in the lower half of its industry. The industry median PS Ratio is 1.39. BOC Kenya's value of 2.34 is 68.3% above this benchmark. Historically, BOC Kenya's own PS Ratio has ranged from 0.85 to 2.43 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.39, BOC Kenya has consistently been above 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 Chemicals company?
The median PS Ratio among Chemicals companies is 1.39, based on 1,575 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. BOC Kenya's current PS Ratio of 2.34 is 68.3% above 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 BOC Kenya and its competitors. For the Chemicals industry, the median PS Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Kenya's current PS Ratio is 2.34, which is 80% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Kenya stock overvalued right now?
Based on GuruFocus' analysis, BOC Kenya (NAI:BOC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES90.18, compared to a current price of KES171.00 — trading 89.6% above its estimated fair value. The current PS Ratio is 2.34, which is 80% above median its 10-year median of 1.30 and 68.3% above the Chemicals industry median of 1.39. BOC Kenya's overall GF Score™ is 72/100 with 3 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 BOC Kenya (NAI:BOC), the current PS Ratio is 2.34 as of Jul. 27, 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 BOC Kenya (NAI:BOC) Overvalued in 2026?

Based on GuruFocus' analysis, BOC Kenya stock appears to be overvalued. The current stock price of KES171.00 is trading 89.6% above its estimated GF Value™ of KES90.18. GuruFocus considers BOC Kenya to be Significantly Overvalued.

Key valuation signals for NAI:BOC:

  • PS Ratio: 2.34 (80% above median its 10-year median of 1.30)
  • GF Value™: KES90.18 vs. price of KES171.00 (89.6% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 68.3% above the Chemicals median (#1043 of 1575)

No single metric tells the full story. See the NAI:BOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BOC Kenya Business Description

Address 14 Kitui Road, off Kampala Road, P.O. Box 18010, Industrial Area, Nairobi, KEN, 00500
BOC Kenya PLC is involved in the manufacture and sale of industrial and medical gases and welding products. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates the majority of its revenue from the sale of medical and industrial gases.
72GF Score

Get the complete analysis for NAI:BOC

PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KES171.00
Price
KES90.18
GF Value