CoStar Group Inc. (NASDAQ:CSGP)

The financial data reveals several key trends in share price, sales per share, and price-to-sales (P/S) ratio over the period from March 2006 to February 2023.

Share Price

The share price experienced a general upward trajectory with some fluctuations. Starting at $5.14 in 2006, the price declined to a low of $2.64 in early 2009, which likely reflects external market or company-specific challenges during that period. From 2010 onward, the share price showed significant growth, reaching peaks of $83.62 in February 2021 before dropping to $53.50 in February 2022 and rebounding to $72.13 by February 2023. Overall, this indicates strong appreciation with some volatility in recent years.

Sales per Share

Sales per share demonstrated a steady and continuous increase throughout the period. Beginning at $0.72 in 2006, sales per share rose progressively without any major declines, reaching $5.37 by February 2023. This consistent growth in sales per share reveals ongoing improving operational performance and revenue generation capacity over the 17-year span.

Price-to-Sales (P/S) Ratio

The P/S ratio exhibited considerable variability. Starting at 7.15 in 2006, it declined sharply to 2.45 in 2009 before reversing to record values above 19 in 2021. Following this peak, the ratio declined to approximately 10.87 in early 2022, then increased again to 13.44 by 2023. The fluctuations in the P/S ratio suggest changing market valuations relative to sales, with periods of investor exuberance as well as more conservative pricing.

In summary, sales per share showed consistent growth, underpinning fundamental business improvements. The share price largely reflected this trend but with significant volatility that likely corresponds to external market conditions or investor sentiment shifts. The P/S ratio’s variability underscores fluctuating market valuation multiples over time, indicating a dynamic investor outlook toward the company’s sales growth and overall prospects.