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The Price/Sales to Industry Average (%) is a metric that compares a company's Price/Sales (P/S) ratio to the average P/S ratio of its industry. This comparison helps investors gauge a company's valuation relative to its peers. If a company's P/S ratio is significantly higher than the industry average, it may be considered overvalued. Conversely, a lower P/S ratio compared to the industry suggests the company might be undervalued. This percentage offers context, helping investors understand the company's valuation in the industry landscape. |
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