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, Novo Integrated Sciences's share price is $0.0405.
Novo Integrated Sciences's Revenue per Share for the trailing twelve months (TTM) ended in May. 2024 was $0.80. Hence, Novo Integrated Sciences's PS Ratio for today is 0.05.
The historical rank and industry rank for Novo Integrated Sciences's PS Ratio or its related term are showing as below:
NVOS'
s PS Ratio Range Over the Past 10 Years
Min: 0.03 Med: 6.86 Max: 79.71
Current: 0.03
During the past 13 years, Novo Integrated Sciences's highest PS Ratio was 79.71. The lowest was 0.03. And the median was 6.86.
NVOS's PS Ratio is ranked better than 99.08% of 655
companies
in the Healthcare Providers & Services industry
Industry Median: 1.54
vs NVOS: 0.03
Novo Integrated Sciences Inc revenue per share has been in decline for the last 5 years.
During the past 3 years, the average Revenue per Share Growth Rate was -28.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -16.60% per year.
During the past 13 years, Novo Integrated Sciences's highest 3-Year average Revenue per Share Growth Rate was -2.40% per year. The lowest was -28.70% per year. And the median was -6.50% per year.
* 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.
Competitive Comparison of Novo Integrated Sciences's PS Ratio
For the Medical Care Facilities subindustry, Novo Integrated Sciences'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.
Novo Integrated Sciences's PS Ratio Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Novo Integrated Sciences's PS Ratio distribution charts can be found below:
* The bar in red indicates where Novo Integrated Sciences's PS Ratio falls into.
Novo Integrated Sciences 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.
Novo Integrated Sciences's Share Price of today is $0.0405. Novo Integrated Sciences's Revenue per Share for the trailing twelve months (TTM) ended in May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.80.
* 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:
Novo Integrated Sciences (OTCPK:NVOS) 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.
Novo Integrated Sciences PS Ratio Related Terms
Thank you for viewing the detailed overview of Novo Integrated Sciences's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services which generates majority of the revenue, and product sales.
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