Asbury Price To Sales Ratio from 2010 to 2024

ABG Stock  USD 235.78  2.05  0.88%   
Asbury Automotive's Price To Sales Ratio is decreasing over the last several years with slightly volatile swings. Price To Sales Ratio is estimated to finish at 0.32 this year. Price To Sales Ratio is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. View All Fundamentals
 
Price To Sales Ratio  
First Reported
2010-12-31
Previous Quarter
0.31763617
Current Value
0.32
Quarterly Volatility
0.36353528
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Asbury Automotive financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Asbury main balance sheet or income statement drivers, such as Depreciation And Amortization of 34.7 M, Interest Expense of 174 M or Selling General Administrative of 1.6 B, as well as many exotic indicators such as Short Term Coverage Ratios of 0.26, Price Earnings Ratio of 7.41 or Price To Sales Ratio of 0.32. Asbury financial statements analysis is a perfect complement when working with Asbury Automotive Valuation or Volatility modules.
  
This module can also supplement Asbury Automotive's financial leverage analysis and stock options assessment as well as various Asbury Automotive Technical models . Check out the analysis of Asbury Automotive Correlation against competitors.

Latest Asbury Automotive's Price To Sales Ratio Growth Pattern

Below is the plot of the Price To Sales Ratio of Asbury Automotive Group over the last few years. Price to Sales Ratio is figured by comparing Asbury Automotive stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Asbury Automotive sales, a figure that is much harder to manipulate than other Asbury Automotive Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. Asbury Automotive's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Asbury Automotive's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 0.32 X10 Years Trend
Slightly volatile
   Price To Sales Ratio   
       Timeline  

Asbury Price To Sales Ratio Regression Statistics

Arithmetic Mean0.37
Geometric Mean0.30
Coefficient Of Variation98.29
Mean Deviation0.18
Median0.30
Standard Deviation0.36
Sample Variance0.13
Range1.4988
R-Value(0.35)
Mean Square Error0.12
R-Squared0.12
Significance0.20
Slope(0.03)
Total Sum of Squares1.85

Asbury Price To Sales Ratio History

2023 0.32
2022 0.26
2021 0.35
2019 0.3
2018 0.19
2015 0.27
2014 0.39

About Asbury Automotive Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Asbury Automotive income statement, its balance sheet, and the statement of cash flows. Asbury Automotive investors use historical funamental indicators, such as Asbury Automotive's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Asbury Automotive investors may use each financial statement separately, they are all related. The changes in Asbury Automotive's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Asbury Automotive's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Asbury Automotive Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Asbury Automotive. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Price To Sales Ratio 0.32  0.32 

Pair Trading with Asbury Automotive

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asbury Automotive position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asbury Automotive will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Asbury Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asbury Automotive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asbury Automotive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asbury Automotive Group to buy it.
The correlation of Asbury Automotive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asbury Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asbury Automotive moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asbury Automotive can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Asbury Automotive is a strong investment it is important to analyze Asbury Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Asbury Automotive's future performance. For an informed investment choice regarding Asbury Stock, refer to the following important reports:
Check out the analysis of Asbury Automotive Correlation against competitors.
Note that the Asbury Automotive information on this page should be used as a complementary analysis to other Asbury Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Asbury Automotive's price analysis, check to measure Asbury Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asbury Automotive is operating at the current time. Most of Asbury Automotive's value examination focuses on studying past and present price action to predict the probability of Asbury Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asbury Automotive's price. Additionally, you may evaluate how the addition of Asbury Automotive to your portfolios can decrease your overall portfolio volatility.
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Is Asbury Automotive's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Asbury Automotive. If investors know Asbury will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Asbury Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.83)
Earnings Share
28.75
Revenue Per Share
708.263
Quarterly Revenue Growth
0.029
Return On Assets
0.0739
The market value of Asbury Automotive is measured differently than its book value, which is the value of Asbury that is recorded on the company's balance sheet. Investors also form their own opinion of Asbury Automotive's value that differs from its market value or its book value, called intrinsic value, which is Asbury Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Asbury Automotive's market value can be influenced by many factors that don't directly affect Asbury Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Asbury Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asbury Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asbury Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.