Gottfried, >> It would be nice if someone would volunteer to calculate PSR from scratch, using 10Ks.
OK, I'll take that on as an action item. I don't have 10K, but I went to Zack's and they have rev data and number of shares going back 5 years. And of course price range is avail from lots of places. I used Big Charts.
To illustrate your point, in 2000, AMAT share price had a range of 18 to 56. Num shares was 1.7 B, so market cap range was $30B to $91B, and it ended the year at $34B. It also began the year at $34B. Sales were $9.6B.
So Hi/Lo/First/Last PSR in 2000 was
Hi = 9.5,
Lo = 3.2
Open = 3.5
close = 3.5
Yet quicken reported 4.5, which does not correspond to anything, unless it was weighted avg.
But even with that imperfection, I think the current market cap ($20B) yields a P/S of approx 4.5. This is far above the trough p/S of 1.5, regardless of how you figure it.
Good night all. The futures are in the toilet again. And the war drums are beating louder, unfortunately.
Sarmad |
