Price to Sales (P/S)
since 2020
Calculation
Airbnb Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 13, 2025 | 8.01 | = | 141.04 | ÷ | 17.61 | 17.61 | = | 11,102 | ÷ | 630,539,599 | |
| Feb 16, 2024 | 9.95 | = | 152.51 | ÷ | 15.33 | 15.33 | = | 9,917 | ÷ | 647,064,669 | |
| Feb 17, 2023 | 10.04 | = | 131.60 | ÷ | 13.11 | 13.11 | = | 8,399 | ÷ | 640,528,494 | |
| Feb 25, 2022 | 16.64 | = | 155.09 | ÷ | 9.32 | 9.32 | = | 5,992 | ÷ | 642,872,940 | |
| Feb 26, 2021 | 37.16 | = | 206.35 | ÷ | 5.55 | 5.55 | = | 3,378 | ÷ | 608,434,746 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Airbnb Inc. Annual Report.
The financial data reveals several key trends regarding the share price, sales per share, and price-to-sales (P/S) ratio over the five-year period examined.
- Share Price
- The share price exhibits a declining trend from 206.35 US dollars in February 2021 to 141.04 US dollars in February 2025. Despite some fluctuations, such as a decrease to 131.6 US dollars in February 2023 followed by a partial recovery to 152.51 US dollars in February 2024, the overall direction is downward over the observed period.
- Sales per Share
- The sales per share show a consistent upward trend, rising from 5.55 US dollars in February 2021 to 17.61 US dollars in February 2025. This growth reflects the company’s improving revenue generation on a per-share basis year over year, indicating enhanced sales performance and potential operational expansion.
- Price-to-Sales (P/S) Ratio
- The P/S ratio steadily declines from a high of 37.16 in February 2021 to 8.01 in February 2025. This decrease suggests a reduction in market valuation relative to sales, possibly reflecting a market reassessment of the company’s growth prospects or changes in investor sentiment. The declining ratio alongside rising sales per share indicates that the stock price has not kept pace with sales growth.
In summary, the data shows that while sales per share have increased substantially over the five-year span, the share price has decreased, resulting in a notable contraction in the P/S ratio. This pattern suggests that the market valuation has become more conservative relative to sales, which may warrant further investigation into factors such as profitability, market conditions, or competitive dynamics affecting investor perceptions.
Comparison to Competitors
Airbnb Inc., P/S, long-term trends, comparison to competitors
| Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|
| Feb 13, 2025 | 8.01 | 6.94 | 6.89 | 8.56 | 3.08 |
| Feb 16, 2024 | 9.95 | 6.24 | 7.28 | 8.38 | 3.34 |
| Feb 17, 2023 | 10.04 | 5.35 | 5.14 | 8.32 | 3.49 |
| Feb 25, 2022 | 16.64 | 9.22 | 5.80 | 7.85 | 4.47 |
| Feb 26, 2021 | 37.16 | 14.73 | 7.26 | 8.20 | 4.67 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Sector (Consumer Services)
Airbnb Inc., P/S, long-term trends, comparison to sector (consumer services)
| Airbnb Inc. | Consumer Services | |
|---|---|---|
| Feb 13, 2025 | 8.01 | 6.14 |
| Feb 16, 2024 | 9.95 | 6.21 |
| Feb 17, 2023 | 10.04 | 5.87 |
| Feb 25, 2022 | 16.64 | 7.25 |
| Feb 26, 2021 | 37.16 | 9.11 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Industry (Consumer Discretionary)
Airbnb Inc., P/S, long-term trends, comparison to industry (consumer discretionary)
| Airbnb Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 13, 2025 | 8.01 | 9.87 |
| Feb 16, 2024 | 9.95 | 2.62 |
| Feb 17, 2023 | 10.04 | 2.27 |
| Feb 25, 2022 | 16.64 | 3.56 |
| Feb 26, 2021 | 37.16 | 3.77 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).