Spiltan Invest (NGM:SPLTN) PS Ratio: 38.79 (As of Jul. 21, 2026) — 64% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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.

NGM:SPLTN Spiltan Invest NGM:SPLTN
75 GF Score
Price kr176.60
GF Value kr351.45
Valuation Significantly Undervalued
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What is Spiltan Invest PS Ratio?

Spiltan Invest NGM:SPLTN -0.22% 75 PS Ratio is 38.79 as of Jul. 21, 2026, which is 64% below its 10-year median of 108.34. GuruFocus rates NGM:SPLTN with a GF Score™ of 75/100 and a GF Value™ of kr351.45 (Significantly Undervalued). Among 1,411 Asset Management companies, Spiltan Invest ranks worse than 88.73% 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, Spiltan Invest's share price is kr176.60. Spiltan Invest's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was kr4.55. Hence, Spiltan Invest's PS Ratio for today is 38.79.

Good Sign:

Spiltan Invest stock PS Ratio (=39.01) is close to 5-year low of 38.79.

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

NGM:SPLTN' s PS Ratio Range Over the Past 10 Years
Min: 38.79   Med: 108.34   Max: 277.43
Current: 39.01

During the past 7 years, Spiltan Invest's highest PS Ratio was 277.43. The lowest was 38.79. And the median was 108.34.

NGM:SPLTN's PS Ratio is ranked worse than
88.73% of 1411 companies
in the Asset Management industry
Industry Median: 7.25 vs NGM:SPLTN: 39.01

Spiltan Invest's Revenue per Sharefor the three months ended in Jun. 2026 was kr3.95. Its Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was kr4.55.

During the past 12 months, the average Revenue per Share Growth Rate of Spiltan Invest was 28.70% per year. During the past 3 years, the average Revenue per Share Growth Rate was 44.80% per year. During the past 5 years, the average Revenue per Share Growth Rate was 16.20% per year.

During the past 7 years, Spiltan Invest's highest 3-Year average Revenue per Share Growth Rate was 44.80% per year. The lowest was -14.10% per year. And the median was 11.05% per year.

Back to Basics: PS Ratio


Spiltan Invest  (NGM:SPLTN) 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.


Spiltan Invest PS Ratio Related Terms


Spiltan Invest PS Ratio Historical Data

* Premium members only.

The historical data trend for Spiltan Invest'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.

Spiltan Invest PS Ratio Chart

Spiltan Invest Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PS Ratio
Get a 7-Day Free Trial 266.82 172.89 114.57 78.89 48.76

Spiltan Invest Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.94 57.45 48.76 42.46 39.36

NGM:SPLTN vs BLK, BX, KKR: PS Ratio Comparison

For the Asset Management subindustry, Spiltan Invest'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.


Spiltan Invest PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Spiltan Invest's PS Ratio distribution charts can be found below:

* The bar in red indicates where Spiltan Invest's PS Ratio falls into.


NGM:SPLTN
75GF Score
Spiltan Invest NGM:SPLTN
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spiltan Invest 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.

Spiltan Invest's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=176.60/4.553
=38.79

Spiltan Invest's Share Price of today is kr176.60.
Spiltan Invest's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr4.55.

* 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 38.79 mean?
Spiltan Invest (NGM:SPLTN) has a PS Ratio of 38.79 as of Jul. 21, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Spiltan Invest and its competitors. This is 64% below median its historical median of 108.34. Over the past decade, Spiltan Invest's PS Ratio has ranged from 38.79 to 277.43. According to the industry distribution chart, Spiltan Invest ranks #1252 out of 1411 companies in the Asset Management industry, placing it in the top 88.7%.
Is Spiltan Invest's PS Ratio too high?
Spiltan Invest's current PS Ratio of 38.79 is 64% below median its 10-year median of 108.34. Over the past 10 years, this metric has ranged from a low of 38.79 to a high of 277.43. The Asset Management industry median PS Ratio is 7.25. Spiltan Invest's value of 38.79 is 435% above this industry median. Based on the distribution chart, Spiltan Invest ranks #1252 out of 1411 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Spiltan Invest has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spiltan Invest's PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Spiltan Invest ranks #1252 out of 1411 companies for PS Ratio. This places Spiltan Invest in the lower half of its industry. The industry median PS Ratio is 7.25. Spiltan Invest's value of 38.79 is 435% above this benchmark. Historically, Spiltan Invest's own PS Ratio has ranged from 38.79 to 277.43 over the past decade. While the company's 10-year median is 108.34 vs. the industry median of 7.25, Spiltan Invest 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 an Asset Management company?
The median PS Ratio among Asset Management companies is 7.25, based on 1,411 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. Spiltan Invest's current PS Ratio of 38.79 is 435% 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 Spiltan Invest and its competitors. For the Asset Management industry, the median PS Ratio is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spiltan Invest's current PS Ratio is 38.79, which is 64% below median its own 10-year median of 108.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spiltan Invest stock overvalued right now?
Based on GuruFocus' analysis, Spiltan Invest (NGM:SPLTN) is currently considered Significantly Undervalued. The stock's GF Value™ is kr351.45, compared to a current price of kr176.60 — trading 49.8% below its estimated fair value. The current PS Ratio is 38.79, which is 64% below median its 10-year median of 108.34 and 435% above the Asset Management industry median of 7.25. Spiltan Invest's overall GF Score™ is 75/100. 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 Spiltan Invest (NGM:SPLTN), the current PS Ratio is 38.79 as of Jul. 21, 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 Spiltan Invest (NGM:SPLTN) Overvalued in 2026?

Based on GuruFocus' analysis, Spiltan Invest stock appears to be undervalued. The current stock price of kr176.60 is trading 49.8% below its estimated GF Value™ of kr351.45. GuruFocus considers Spiltan Invest to be Significantly Undervalued.

Key valuation signals for NGM:SPLTN:

  • PS Ratio: 38.79 (64% below median its 10-year median of 108.34)
  • GF Value™: kr351.45 vs. price of kr176.60 (49.8% below fair value)
  • GF Score™: 75/100
  • Industry Position: 435% above the Asset Management median (#1252 of 1411)

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


Spiltan Invest Business Description

Address Erik Dahlbergsallen 15, Stockholm, SWE, 115 20
Investment AB Spiltan is an investment company that invests in listed and unlisted Swedish growth companies. It currently owns a portfolio consisting of tech, finance, real estate and industry.
75GF Score

Get the complete analysis for NGM:SPLTN

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

kr176.60
Price
kr351.45
GF Value