Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Analog Devices Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Analog Devices Inc. Annual Report.


Share Price Trend
The share price exhibits considerable fluctuation over the years. Initially, there is a decline from $37.69 in 2005 to a low of $16.95 in 2008. Following this period, the price generally rises with intermittent setbacks, reaching $114.89 in 2019 and continuing an upward trajectory to a peak of $219.05 in 2024. This indicates a strong recovery and growth over the longer term despite short-term volatility.
Sales per Share Trend
Sales per share demonstrate an overall increasing trend with some variability. Starting at $6.51 in 2005, the figure peaks at $16.75 in 2018 before experiencing a slight decline and subsequent volatility in later years. Notably, sales per share surged to $23.59 in 2022 and $24.8 in 2023, suggesting periods of strong sales performance, though it dipped again to $18.99 by 2024.
Price-to-Sales (P/S) Ratio Analysis
The price-to-sales ratio shows marked fluctuation, indicating varying market valuation relative to sales. Initially at 5.79 in 2005, it dropped sharply to 1.91 in 2008, reflecting the share price and sales movements during that period. After 2008, the P/S ratio climbs again, reaching a high of 12.98 in 2021, which implies a significant premium on the stock compared to sales at that peak. However, it dropped to 7.14 in 2022 and fluctuated thereafter, ending at 11.53 in 2024. This pattern suggests changes in investor sentiment and expectations about the company’s future sales growth and profitability.
Overall Insights
The company's share price and sales per share have generally trended upward over the examined years, despite some periods of decline and volatility. The P/S ratio's movements indicate shifts in market valuation relative to sales, reflecting changing investor confidence and possibly market conditions. The substantial increase in share price from 2020 onwards coincides with rising sales per share and elevated P/S ratios, suggesting heightened market optimism. However, the observed volatility in sales per share and the P/S ratio in recent years warrants attention to underlying factors affecting sales and valuation stability.

Comparison to Competitors

Analog Devices Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Analog Devices Inc., P/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).


Comparison to Industry (Information Technology)