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, VNET Group's share price is $1.58.
VNET Group's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2023 was $6.78. Hence, VNET Group's PS Ratio for today is 0.23.
Good Sign:
VNET Group Inc stock PS Ratio (=0.23) is close to 10-year low of 0.22
The historical rank and industry rank for VNET Group's PS Ratio or its related term are showing as below:
VNET'
s PS Ratio Range Over the Past 10 Years
Min: 0.22 Med: 2.01 Max: 7.22
Current: 0.23
During the past 13 years, VNET Group's highest PS Ratio was 7.22. The lowest was 0.22. And the median was 2.01.
VNET's PS Ratio is ranked better than 95.18% of 2736
companies
in the Software industry
Industry Median: 2.27
vs VNET: 0.23
VNET Group Inc revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of VNET Group was -2.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 12.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 1.90% per year.
During the past 13 years, VNET Group's highest 3-Year average Revenue per Share Growth Rate was 39.60% per year. The lowest was -13.90% per year. And the median was 10.40% per year.
Back to Basics: PS Ratio
VNET Group PS Ratio Historical Data
The historical data trend for VNET Group'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.
For the Information Technology Services subindustry, VNET Group'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.
VNET Group's PS Ratio Distribution in the Software Industry
For the Software industry and Technology sector, VNET Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where VNET Group's PS Ratio falls into.
VNET Group 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.
VNET Group's Share Price of today is $1.58. VNET Group's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.78.
* 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.
VNET Group PS Ratio Related Terms
Thank you for viewing the detailed overview of VNET Group's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.
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