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, Canopy Growth's share price is C$34.81.
Canopy Growth's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was C$1.00. Hence, Canopy Growth's PS Ratio for today is 34.67.
The historical rank and industry rank for Canopy Growth's PS Ratio or its related term are showing as below:
LTS:0UO9'
s PS Ratio Range Over the Past 10 Years
Min: 0.61 Med: 24.3 Max: 1123.33
Current: 1.84
During the past 13 years, Canopy Growth's highest PS Ratio was 1123.33. The lowest was 0.61. And the median was 24.30.
LTS:0UO9's PS Ratio is ranked better than 55.13% of 1003
companies
in the Drug Manufacturers industry
Industry Median: 2.17
vs LTS:0UO9: 1.84
Canopy Growth Corp revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Canopy Growth was -24.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -8.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 15.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 80.10% per year.
During the past 13 years, Canopy Growth's highest 3-Year average Revenue per Share Growth Rate was 337.60% per year. The lowest was -8.80% per year. And the median was 50.60% per year.
Back to Basics: PS Ratio
Canopy Growth PS Ratio Historical Data
The historical data trend for Canopy Growth'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.
Competitive Comparison of Canopy Growth's PS Ratio
For the Drug Manufacturers - Specialty & Generic subindustry, Canopy Growth'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.
Canopy Growth's PS Ratio Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Canopy Growth's PS Ratio distribution charts can be found below:
* The bar in red indicates where Canopy Growth's PS Ratio falls into.
Canopy Growth 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.
Canopy Growth's Share Price of today is C$34.81. Canopy Growth's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.00.
* 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:
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.
Canopy Growth PS Ratio Related Terms
Thank you for viewing the detailed overview of Canopy Growth's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Doja, 7ACRES, Tweed, and Deep Space. Its non-THC products include sports drink BioSteel, skincare products under This Works, Martha Stewart CBD, and Storz & Bickel vaporizers. Canopy growth is attempting to merge its U.S. assets into a separately operated holding company, Canopy USA, which will not be consolidated into the Canadian company's financials.
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