Ballard Power SystemsXSWX:BLDP 70 PS Ratio is 10.80 as of Jun. 28, 2026, which is 15% above its 10-year median of 9.36. GuruFocus rates XSWX:BLDP with a GF Score™ of 70/100 and a GF Value™ of CHF2.37. The stock has 3 warning signs investors should review. Among 3,023 Industrial Products companies, Ballard Power Systems ranks worse than 90.57% 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, Ballard Power Systems's share price is CHF2.96.
Ballard Power Systems's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was CHF0.27. Hence, Ballard Power Systems's PS Ratio for today is 10.80.
The historical rank and industry rank for Ballard Power Systems's PS Ratio or its related term are showing as below:
XSWX:BLDP'
s PS Ratio Range Over the Past 10 Years
Min: 2.64 Med: 9.36 Max: 88.34
Current: 10.86
During the past 13 years, Ballard Power Systems's highest PS Ratio was 88.34. The lowest was 2.64. And the median was 9.36.
XSWX:BLDP's PS Ratio is ranked worse than 90.57% of 3023
companies
in the Industrial Products industry
Industry Median: 2.07
vs XSWX:BLDP: 10.86
Ballard Power Systems Inc revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of Ballard Power Systems was 43.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 7.00% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -4.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -6.50% per year.
During the past 13 years, Ballard Power Systems's highest 3-Year average Revenue per Share Growth Rate was 48.80% per year. The lowest was -33.10% per year. And the median was -5.10% per year.
Back to Basics: PS Ratio
Ballard Power Systems (XSWX:BLDP) 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.
* 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 Electrical Equipment & Parts subindustry, Ballard Power Systems'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.
Ballard Power Systems PS Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's PS Ratio distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems'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.
Ballard Power Systems's Share Price of today is CHF2.96. Ballard Power Systems's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF0.27.
* 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:
Ballard Power Systems (XSWX:BLDP) has a PS Ratio of 10.80 as of Jun. 28, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Ballard Power Systems and its competitors. This is 15% above median its historical median of 9.36. Over the past decade, Ballard Power Systems' PS Ratio has ranged from 2.64 to 88.34. According to the industry distribution chart, Ballard Power Systems ranks #2738 out of 3023 companies in the Industrial Products industry, placing it in the top 90.6%.
Is Ballard Power Systems' PS Ratio too high?
Ballard Power Systems' current PS Ratio of 10.80 is 15% above median its 10-year median of 9.36. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 88.34. The Industrial Products industry median PS Ratio is 2.07. Ballard Power Systems' value of 10.80 is 421.7% above this industry median. Based on the distribution chart, Ballard Power Systems ranks #2738 out of 3023 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ballard Power Systems has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #2738 out of 3023 companies for PS Ratio. This places Ballard Power Systems in the lower half of its industry. The industry median PS Ratio is 2.07. Ballard Power Systems' value of 10.80 is 421.7% above this benchmark. Historically, Ballard Power Systems' own PS Ratio has ranged from 2.64 to 88.34 over the past decade. While the company's 10-year median is 9.36 vs. the industry median of 2.07, Ballard Power Systems 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 Industrial Products company?
The median PS Ratio among Industrial Products companies is 2.07, based on 3,023 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. Ballard Power Systems's current PS Ratio of 10.80 is 421.7% 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 Ballard Power Systems and its competitors. For the Industrial Products industry, the median PS Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current PS Ratio is 10.80, which is 15% above median its own 10-year median of 9.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current PS Ratio of 10.80. The stock's GF Value™ is CHF2.37, compared to a current price of CHF2.96 — trading 24.9% above its estimated fair value. The current PS Ratio is 10.80, which is 15% above median its 10-year median of 9.36 and 421.7% above the Industrial Products industry median of 2.07. Ballard Power Systems' overall GF Score™ is 70/100 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 Ballard Power Systems (XSWX:BLDP), the current PS Ratio is 10.80 as of Jun. 28, 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 Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Ballard Power Systems stock appears to be overvalued.
The current stock price of CHF2.96 is trading 24.9% above its estimated GF Value™ of CHF2.37.
Key valuation signals for XSWX:BLDP:
PS Ratio: 10.80 (15% above median its 10-year median of 9.36)
GF Value™: CHF2.37 vs. price of CHF2.96 (24.9% above fair value)
Industry Position: 421.7% above the Industrial Products median (#2738 of 3023)
No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
70GF Score
Get the complete analysis for XSWX:BLDP
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:BLDP has been successfully added to your 
