Frog InnovationsNSE:FROG +4.24%71 PS Ratio is 1.41 as of Jul. 09, 2026, which is 27% below its 10-year median of 1.94. GuruFocus rates NSE:FROG with a GF Score™ of 71/100 and a GF Value™ of ₹346.01 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,470 Hardware companies, Frog Innovations ranks better than 58.34% 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, Frog Innovations's share price is ₹172.00.
Frog Innovations's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2025 was ₹122.02. Hence, Frog Innovations's PS Ratio for today is 1.41.
The historical rank and industry rank for Frog Innovations's PS Ratio or its related term are showing as below:
NSE:FROG'
s PS Ratio Range Over the Past 10 Years
Min: 0.91 Med: 1.94 Max: 4.25
Current: 1.41
During the past 6 years, Frog Innovations's highest PS Ratio was 4.25. The lowest was 0.91. And the median was 1.94.
NSE:FROG's PS Ratio is ranked better than 58.34% of 2470
companies
in the Hardware industry
Industry Median: 1.93
vs NSE:FROG: 1.41
During the past 12 months, the average Revenue per Share Growth Rate of Frog Innovations was 13.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 16.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 16.50% per year.
During the past 6 years, Frog Innovations's highest 3-Year average Revenue per Share Growth Rate was 21.10% per year. The lowest was 8.60% per year. And the median was 16.90% per year.
Back to Basics: PS Ratio
Frog Innovations (NSE:FROG) 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.
Frog Innovations PS Ratio Related Terms
Frog Innovations PS Ratio Historical Data
* Premium members only.
The historical data trend for Frog Innovations'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 Communication Equipment subindustry, Frog Innovations'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.
Frog Innovations PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Frog Innovations's PS Ratio distribution charts can be found below:
* The bar in red indicates where Frog Innovations'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.
Frog Innovations's Share Price of today is ₹172.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Frog Innovations's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2025 was ₹122.02.
* 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:
Frog Innovations (NSE:FROG) has a PS Ratio of 1.41 as of Jul. 09, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Frog Innovations and its competitors. This is 27% below median its historical median of 1.94. Over the past decade, Frog Innovations' PS Ratio has ranged from 0.91 to 4.25. According to the industry distribution chart, Frog Innovations ranks #1029 out of 2470 companies in the Hardware industry, placing it in the top 41.7%.
Is Frog Innovations' PS Ratio too high?
Frog Innovations' current PS Ratio of 1.41 is 27% below median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 4.25. The Hardware industry median PS Ratio is 1.93. Frog Innovations' value of 1.41 is 26.9% below this industry median. Based on the distribution chart, Frog Innovations ranks #1029 out of 2470 companies in the Hardware industry, which is above the industry midpoint. Overall, Frog Innovations has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' PS Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Frog Innovations ranks #1029 out of 2470 companies for PS Ratio. This puts Frog Innovations in the upper half of its industry. The industry median PS Ratio is 1.93. Frog Innovations' value of 1.41 is 26.9% below this benchmark. Historically, Frog Innovations' own PS Ratio has ranged from 0.91 to 4.25 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 1.93, Frog Innovations 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 Hardware company?
The median PS Ratio among Hardware companies is 1.93, based on 2,470 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. Frog Innovations's current PS Ratio of 1.41 is 26.9% 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 Frog Innovations and its competitors. For the Hardware industry, the median PS Ratio is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current PS Ratio is 1.41, which is 27% below median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹346.01, compared to a current price of ₹172.00 — trading 50.3% below its estimated fair value. The current PS Ratio is 1.41, which is 27% below median its 10-year median of 1.94 and 26.9% below the Hardware industry median of 1.93. Frog Innovations' overall GF Score™ is 71/100 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 Frog Innovations (NSE:FROG), the current PS Ratio is 1.41 as of Jul. 09, 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 Frog Innovations (NSE:FROG) Overvalued in 2026?
Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued.
The current stock price of ₹172.00 is trading 50.3% below its estimated GF Value™ of ₹346.01.
GuruFocus considers Frog Innovations to be Possible Value Trap.
Key valuation signals for NSE:FROG:
PS Ratio: 1.41 (27% below median its 10-year median of 1.94)
GF Value™: ₹346.01 vs. price of ₹172.00 (50.3% below fair value)
Industry Position: 26.9% below the Hardware median (#1029 of 2470)
No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
71GF Score
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