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, IDEXX Laboratories's share price is $406.92.
IDEXX Laboratories's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2024 was $45.16. Hence, IDEXX Laboratories's PS Ratio for today is 9.01.
Good Sign:
IDEXX Laboratories Inc stock PS Ratio (=9.99) is close to 2-year low of 9.16
The historical rank and industry rank for IDEXX Laboratories's PS Ratio or its related term are showing as below:
IDXX'
s PS Ratio Range Over the Past 10 Years
Min: 3.88 Med: 9.77 Max: 19.77
Current: 8.99
During the past 13 years, IDEXX Laboratories's highest PS Ratio was 19.77. The lowest was 3.88. And the median was 9.77.
IDXX's PS Ratio is ranked worse than 85.51% of 214
companies
in the Medical Diagnostics & Research industry
Industry Median: 3.145
vs IDXX: 8.99
IDEXX Laboratories Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of IDEXX Laboratories was 7.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 11.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 12.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 13.20% per year.
During the past 13 years, IDEXX Laboratories's highest 3-Year average Revenue per Share Growth Rate was 35.60% per year. The lowest was 8.40% per year. And the median was 13.45% per year.
Back to Basics: PS Ratio
IDEXX Laboratories PS Ratio Historical Data
The historical data trend for IDEXX Laboratories'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 IDEXX Laboratories's PS Ratio
For the Diagnostics & Research subindustry, IDEXX Laboratories'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.
IDEXX Laboratories's PS Ratio Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, IDEXX Laboratories's PS Ratio distribution charts can be found below:
* The bar in red indicates where IDEXX Laboratories's PS Ratio falls into.
IDEXX Laboratories 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.
IDEXX Laboratories's Share Price of today is $406.92. IDEXX Laboratories's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $45.16.
* 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:
IDEXX Laboratories (NAS:IDXX) 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.
IDEXX Laboratories PS Ratio Related Terms
Thank you for viewing the detailed overview of IDEXX Laboratories's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Idexx Laboratories primarily develops, manufactures, and distributes diagnostic products, equipment, and services for pets and livestock. Its key product lines include single-use canine and feline test kits that veterinarians can employ in the office, benchtop chemistry and hematology analyzers for test-panel analysis on-site, reference lab services, and tests to detect and manage disease in livestock. The firm also offers vet practice management software and consulting services to animal hospitals. Idexx gets close to 35% of its revenue from outside the United States.
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