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, New America Highome Fund's share price is $7.0399.
New America Highome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $1.28. Hence, New America Highome Fund's PS Ratio for today is 5.48.
Good Sign:
New America High Income Fund Inc stock PS Ratio (=5.48) is close to 3-year low of 5.46
The historical rank and industry rank for New America Highome Fund's PS Ratio or its related term are showing as below:
HYB'
s PS Ratio Range Over the Past 10 Years
Min: 3.27 Med: 8.18 Max: 21.15
Current: 5.5
During the past 7 years, New America Highome Fund's highest PS Ratio was 21.15. The lowest was 3.27. And the median was 8.18.
HYB's PS Ratio is ranked better than 67.12% of 1411
companies
in the Asset Management industry
Industry Median: 8.26
vs HYB: 5.50
During the past 3 years, the average Revenue per Share Growth Rate was 38.40% per year.
During the past 7 years, New America Highome Fund's highest 3-Year average Revenue per Share Growth Rate was 38.40% per year. The lowest was -23.40% per year. And the median was 7.50% 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 New America Highome Fund's PS Ratio
For the Asset Management subindustry, New America Highome Fund'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.
New America Highome Fund's PS Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, New America Highome Fund's PS Ratio distribution charts can be found below:
* The bar in red indicates where New America Highome Fund's PS Ratio falls into.
New America Highome Fund 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.
New America Highome Fund's Share Price of today is $7.0399.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. New America Highome Fund's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $1.28.
* 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:
New America Highome Fund (NYSE:HYB) 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.
New America Highome Fund PS Ratio Related Terms
Thank you for viewing the detailed overview of New America Highome Fund's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
New America Highome Fund (New America Highome Fund) Business Description
New America High Income Fund Inc is a diversified, closed?end management investment company. Its investment objective is to provide high current income while seeking to preserve stockholder capital by investing in a diversified portfolio of high-yield fixed-income securities. The fund invests primarily in fixed-maturity corporate debt securities that are rated less than the investment grade. Its portfolio of investment consists of investments in different sectors such as energy, financial, cable operators, healthcare, and others.
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