Magic Metric price/sales ratio - Forget P/E

    • Magic Metric price/sales ratio - Forget P/E

      Hallo zusammen,

      habe auf diesen über ein Jahr alten Artikel gelesen, in dem ein Money manager etwas anders an das stock picking rangeht. Er nutzt das price/sales ratio: "Compare a company's market value with its revenue. This price/sales ratio should be your starting point in screening stocks."

      Hat damit jemand Erfahrung oder weiss, wo man diese Kennzahl abgreifen kann?
      Der Artikel liegt hier .


      Nachtrag: Auf investopedia ist eine bessere Erklärung.
      The price-to-sales ratio (Price/Sales or P/S) provides a simple approach: take the company's market capitalization (the number of shares multiplied by the share price) and divide it by the company's total sales over the past 12 months. The lower the ratio, the more attractive the investment. As easy as it sounds, price-to-sales provides a useful measure for sizing up stocks. But investors need to be mindful of the ratio's potential pitfalls and possible unreliability.
      How P/S Is Useful
      In a nutshell, this ratio shows how much Wall Street values every dollar of the company's sales. Jim O'Shaughnessy's research into the S&P CompuStat database shows that a price-to-sales ratio under 1.0, coupled with high relative strength in the previous twelve months, is one of the most potent combinations of investment criteria. His argument is supported by Kenneth Fisher, who explains how effective a low price-to-sales ratio can be in valuing growth stocks that have suffered a temporary setback.

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