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, Treace Medical Concepts's share price is $5.87.
Treace Medical Concepts's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was $3.18. Hence, Treace Medical Concepts's PS Ratio for today is 1.85.
The historical rank and industry rank for Treace Medical Concepts's PS Ratio or its related term are showing as below:
TMCI'
s PS Ratio Range Over the Past 10 Years
Min: 1.38 Med: 9.43 Max: 25.41
Current: 1.89
During the past 5 years, Treace Medical Concepts's highest PS Ratio was 25.41. The lowest was 1.38. And the median was 9.43.
TMCI's PS Ratio is ranked better than 66.29% of 804
companies
in the Medical Devices & Instruments industry
Industry Median: 3.09
vs TMCI: 1.89
During the past 5 years, Treace Medical Concepts's highest 3-Year average Revenue per Share Growth Rate was 41.90% per year. The lowest was 33.00% per year. And the median was 37.45% 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 Treace Medical Concepts's PS Ratio
For the Medical Devices subindustry, Treace Medical Concepts'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.
Treace Medical Concepts's PS Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Treace Medical Concepts's PS Ratio distribution charts can be found below:
* The bar in red indicates where Treace Medical Concepts's PS Ratio falls into.
Treace Medical Concepts 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.
Treace Medical Concepts's Share Price of today is $5.87. Treace Medical Concepts's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.18.
* 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:
Treace Medical Concepts (NAS:TMCI) 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.
Treace Medical Concepts PS Ratio Related Terms
Thank you for viewing the detailed overview of Treace Medical Concepts's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Treace Medical Concepts (Treace Medical Concepts) Business Description
Treace Medical Concepts Inc is a commercial-stage orthopaedic medical device company. It is focused on advancing the standard of care for the surgical management of bunion deformities. The company's patented Lapiplasty 3D Bunion Correction procedure is designed to reproducibly correct all planes of the bunion deformity and address the root cause of the bunion, while allowing patients to return to their active lives quickly. The Company operates and manages its business as one segment, which is the business of designing, manufacturing, and marketing medical devices for physicians, surgeons, ambulatory surgery centers, and hospitals.
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