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Heritage Commerce PS Ratio

: 4.47 (As of Today)
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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, Heritage Commerce's share price is $11.15. Heritage Commerce's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2021 was $2.50. Hence, Heritage Commerce's PS Ratio for today is 4.47.

The historical rank and industry rank for Heritage Commerce's PS Ratio or its related term are showing as below:

NAS:HTBK' s PS Ratio Range Over the Past 10 Years
Min: 1.17   Med: 3.61   Max: 5.97
Current: 4.47

1.17
5.97

During the past 13 years, Heritage Commerce's highest PS Ratio was 5.97. The lowest was 1.17. And the median was 3.61.

NAS:HTBK's PS Ratio is ranked lower than
60% of the 891 Companies
in the Banks industry.

( Industry Median: 4.06 vs. NAS:HTBK: 4.47 )

Heritage Commerce's Revenue per Sharefor the three months ended in Sep. 2021 was $0.67. Its Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2021 was $2.50.

Warning Sign:

Heritage Commerce Corp 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 Heritage Commerce was -14.90% per year. During the past 3 years, the average Revenue per Share Growth Rate was -4.30% per year. During the past 5 years, the average Revenue per Share Growth Rate was -2.20% per year. During the past 10 years, the average Revenue per Share Growth Rate was 1.80% per year.

During the past 13 years, Heritage Commerce's highest 3-Year average Revenue per Share Growth Rate was 139.50% per year. The lowest was -24.80% per year. And the median was 1.70% per year.

Back to Basics: PS Ratio


Heritage Commerce PS Ratio Historical Data

The historical data trend for Heritage Commerce'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.

* Premium members only.

Heritage Commerce Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
PS Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.80 5.32 3.63 4.33 3.52

Heritage Commerce Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
PS Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.55 3.52 5.00 4.56 4.66

Competitive Comparison

For the Banks - Regional subindustry, Heritage Commerce'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.

   

Heritage Commerce PS Ratio Distribution

For the Banks industry and Financial Services sector, Heritage Commerce's PS Ratio distribution charts can be found below:

* The bar in red indicates where Heritage Commerce's PS Ratio falls into.



Heritage Commerce 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.

Heritage Commerce's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=11.15/2.497
=4.47

Heritage Commerce's Share Price of today is $11.15.
Heritage Commerce's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.50.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.


Heritage Commerce  (NAS:HTBK) 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.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Heritage Commerce PS Ratio Related Terms

Thank you for viewing the detailed overview of Heritage Commerce's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Heritage Commerce Business Description

Heritage Commerce logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6022
Traded in Other Exchanges
Address
224 Airport Parkway, San Jose, CA, USA, 95110
Heritage Commerce Corporation operates as a bank holding company. The company, through its subsidiary, offers commercial banking services to small and medium-sized businesses and their owners, managers, and employees. It operates through two segments, namely Banking and Factoring. The bank generates a majority of its revenue from the Banking segment.
Executives
Cabral Bruce H director 150 ALMADEN BOULEVARD SAN JOSE CA 95113
Benito Michael Eugene officer: EVP 150 ALMADNE BLVD. SAN JOSE CA 95113
Moles Robert director HERITAGE COMMERCE CORP 150 ALMADEN BLVD. SAN JOSE CA 95113
Webster Ranson W director C/O HERITAGE BANK OF COMMERCE 150 ALMADEN BLVD SAN JOSE CA 95113
Bisceglia Frank G director C/O HERITAGE COMMERCE CORP 150 ALMADEN BLVD SAN JOSE CA 95113
Jones Robertson Clay Jr officer: EVP 150 ALMADEN BOULEVARD SAN JOSE CA 95113
Wilton Keith director, officer: President and CEO 150 ALMADEN BLVD. SAN JOSE CA 95113
Kaczmarek Walter Theodore director HERITAGE COMMERCE CORP 150 ALMADEN BLVD. SAN JOSE CA 95113
Conner Jack W director HERITAGE COMMERCE CORP 150 ALMADEN BLVD. SAN JOSE CA 95113
Biagini Komas Julianne M director 150 ALMADEN BOULEVARD SAN JOSE CA 95113
Mcgovern Lawrence D officer: EVP/CFO C/O HERITAGE COMMERCE CORP 150 ALMADEN BLVD SAN JOSE CA 95113
Dinapoli Jason Philip director 1875 CENTURY PARK EAST SUITE 1400 LOS ANGELES CA 90067
Roden Laura director 150 ALMADEN BLVD. SAN JOSE CA 95113
Butsch Margo G. officer: EVP/Chief Credit Officer 150 ALMADEN BLVD SAN JOSE CA 95113
Sutton Marina Park director 150 ALMADEN BOULEVARD SAN JOSE CA 95113

Heritage Commerce Headlines

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