ASX Stock

ASX P/S

The (Price-Sales Ratio) is an important metric for stock valuation. It is calculated by dividing the current share price by the revenue per share. The P/S indicates how many years a company needs to generate the revenue per share as profit. A low P/S suggests that a stock may be undervalued, while a high P/S could indicate overvaluation. However, it is important to always consider the P/S in the context of the industry and the company. of ASX (ASX.AX) as of Jul 13, 2026 is 8.57. In the previous year, (Price-Sales Ratio) is an important metric for stock valuation. It is calculated by dividing the current share price by the revenue per share. The P/S indicates how many years a company needs to generate the revenue per share as profit. A low P/S suggests that a stock may be undervalued, while a high P/S could indicate overvaluation. However, it is important to always consider the P/S in the context of the industry and the company. was 9.20 — a change of -6.83% (lower).

P/S

8.57

YoY

-6.83%

Last updated:

As of Jul 13, 2026, ASX's P/S ratio stood at 8.57, a -6.83% change from the 9.20 P/S ratio recorded in the previous year.

The ASX P/S history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

P/S
Date
P/S
Jan 1, 2019
13.87 base
Jan 1, 2020
12.67 base
Jan 1, 2021
18.62 base
Jan 1, 2022
12.64 base
Jan 1, 2023
11.82 base
Jan 1, 2024
12.00 base
Jan 1, 2025
8.87 base
Jan 1, 2026 (e)
8.56 base
YEARP/S
2026 est 8.56
2025 8.87
2024 12.00
2023 11.82
2022 12.64
2021 18.62
2020 12.67
2019 13.87
2018 11.45
2017 11.38
2016 10.60
2015 9.46
2014 8.77
2013 10.29
2012 8.68
2011 8.39
2010 10.71
2009 10.87
2008 9.14
2007 18.34
2006 12.76
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ASX Valuation

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides ASX's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates ASX's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots ASX's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if ASX grows earnings faster than its peers.

ASX Stock analysis

What does ASX do? ASX Ltd. (Australian Securities Exchange Limited) is the largest stock exchange in Australia and one of the most important exchanges worldwide. The company was founded in 1987 through the merger of the six regional stock exchanges in Australia. Today, ASX Ltd. is headquartered in Sydney and employs over 500 employees. The business model of ASX Ltd. is simple: the company offers companies a platform for the issuance and trading of securities. The offering includes stocks, bonds, futures contracts, and options. ASX Ltd. operates as a marketplace, bringing buyers and sellers of securities together. The company ensures smooth transaction processing and ensures that all parties have access to the same information. Over the years, ASX Ltd. has become an important player in the global capital market. The company has continuously expanded its offering and is now active in various sectors. An important role is played by ASX Clearing Corporation, which is responsible for transaction processing. Through collaborations with other exchanges worldwide, ASX Ltd. also ensures a more global orientation. In addition to securities brokerage, ASX Ltd. is also involved in indexing. The company operates the well-known S&P/ASX 200 Index, which reflects the performance of Australia's 200 largest companies. The index is an important indicator for the development of the Australian economy and is used by investors worldwide. ASX Ltd. also offers various products to support investors in trading securities. These include the ASX Trade24 system, which enables round-the-clock trading of futures and options, as well as the ASX Centre Point Dark Pool, which is used for anonymous trading of stocks. In recent years, ASX Ltd. has also increased its investment in new technologies and innovations. The company has partnered with blockchain firm Digital Asset Holdings and is working on developing a platform for securities trading based on blockchain technology. Overall, ASX Ltd. has become an important player in the global capital market. Through the expansion of its offerings and partnerships with other exchanges worldwide, the company has strengthened its position and is well positioned for the future. ASX is one of the most popular companies on Eulerpool.

P/S Details

Decoding ASX's P/S Ratio

ASX's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing ASX's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating ASX's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in ASX’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about ASX stock

(Price-Sales Ratio) is an important metric for stock valuation. It is calculated by dividing the current share price by the revenue per share. The P/S indicates how many years a company needs to generate the revenue per share as profit. A low P/S suggests that a stock may be undervalued, while a high P/S could indicate overvaluation. However, it is important to always consider the P/S in the context of the industry and the company. of ASX is 8.57 in 2026.

The P/S ratio when valuing a stock.

The price-to-sales ratio (P/S ratio) is an important tool of technical analysis that assists investors in evaluating stocks. It refers to the earnings per share of a company and its price movements. This indicator can be used to determine a stock's fair value, relative to the company's earnings.

History of the Price-to-Sales Ratio

The price-to-sales ratio is a relatively new indicator. It was first used in the 1980s by John Price when he developed the Price-to-Sales Index (PSI). Price wanted to find a way to value stocks taking into account their earnings. He noticed that many stock prices were not in line with their earnings situation. The PSI has since become an important analytical tool and is often referred to as the P/S ratio.

Calculation of the price-to-sales ratio

The price-to-sales ratio is easy to calculate. It is determined by dividing the current stock price by the company's earnings per share. P/S ratio = Stock price / Earnings per share. For example, if a company's stock price is $10 and the earnings per share is $2, then the P/S ratio is 5.

Application of the Price-to-Sales Ratio

The Price-to-Sales ratio is a useful tool for determining a fairly valued stock price. A low P/S ratio may indicate that a stock price is undervalued, which could be a good entry opportunity. However, a high Price-to-Sales ratio may indicate that a stock price is overvalued and investors should exercise caution.

An example: A company has a stock price of 20 USD and an earnings per share of 2 USD. The P/E ratio is 10. This could indicate that the stock price is overvalued and investors should be cautious before buying.

Investors and the price-to-sales ratio

Investors use the price-to-sales ratio to determine whether a company's stock price is fairly valued or not. They can compare the P/S ratio to see how the stock price relates to the company's earnings. Investors can also observe the P/S ratio over a longer period of time to see if the stock price changes in relation to the company's earnings.

Advantages and Disadvantages of the Price-to-Sales Ratio

The greatest advantage of the price-to-sales ratio is that it is a simple and understandable tool to determine the fair value of a stock price. It can also help investors identify stocks that are undervalued. One disadvantage is that the P/S ratio does not provide information about the company's profits. Therefore, investors should also consider other financial ratios before investing.

In today's time, the price-to-sales ratio is an important tool for investors to evaluate stocks and identify potential investment opportunities. It can help find a fairly valued stock price and identify stocks that are undervalued. However, investors should also consider other financial indicators before making an investment decision.

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Valuation — ASX

All Key Metrics — ASX