Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most important factor to remember is that the price of equity takes a firm's debt into account, whereas the sales does not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Fidelity Price to Sales Assessment
Based on latest financial disclosure the price to sales indicator of Fidelity Advisor Industrials C is roughly 1.13 times. This indicator is about the same for Fidelity Investments average (which is currently at 1.14) family, and 18.16% higher than that of Industrials category, The Price to Sales for all funds is 66.18% lower than the firm.
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Fidelity is rated below average in price to sales among similar funds.
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