Price to Sales (P/S)
since 2005
Calculation
Express Scripts Holding Co., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2018 | 0.44 | = | 78.64 | ÷ | 177.31 | 177.31 | = | 100,064,600 | ÷ | 564,347,000 | |
| Feb 14, 2017 | 0.42 | = | 69.63 | ÷ | 165.57 | 165.57 | = | 100,287,500 | ÷ | 605,720,000 | |
| Feb 16, 2016 | 0.45 | = | 68.65 | ÷ | 152.31 | 152.31 | = | 101,751,800 | ÷ | 668,046,000 | |
| Feb 23, 2015 | 0.62 | = | 86.72 | ÷ | 138.79 | 138.79 | = | 100,887,100 | ÷ | 726,898,000 | |
| Feb 20, 2014 | 0.57 | = | 77.12 | ÷ | 134.14 | 134.14 | = | 104,098,800 | ÷ | 776,032,000 | |
| Feb 19, 2013 | 0.50 | = | 56.98 | ÷ | 114.67 | 114.67 | = | 93,858,100 | ÷ | 818,499,000 | |
| Feb 22, 2012 | 0.54 | = | 51.63 | ÷ | 95.15 | 95.15 | = | 46,128,300 | ÷ | 484,778,000 | |
| Feb 16, 2011 | 0.67 | = | 57.42 | ÷ | 85.13 | 85.13 | = | 44,973,200 | ÷ | 528,284,000 | |
| Feb 24, 2010 | 0.98 | = | 43.88 | ÷ | 44.95 | 44.95 | = | 24,748,900 | ÷ | 550,596,000 | |
| Feb 25, 2009 | 0.65 | = | 28.73 | ÷ | 44.37 | 44.37 | = | 21,978,000 | ÷ | 495,352,000 | |
| Feb 21, 2008 | 0.90 | = | 32.38 | ÷ | 36.14 | 36.14 | = | 18,273,600 | ÷ | 505,616,000 | |
| Feb 8, 2007 | 0.56 | = | 18.15 | ÷ | 32.55 | 32.55 | = | 17,660,000 | ÷ | 542,544,000 | |
| Feb 23, 2006 | 0.80 | = | 22.15 | ÷ | 27.78 | 27.78 | = | 16,266,000 | ÷ | 585,484,088 |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Express Scripts Holding Co. Annual Report.
The analysis of the financial data reveals several notable trends over the examined periods.
- Share Price
- The share price exhibits significant fluctuations with an overall upward trend. Starting at $22.15 in February 2006, it declined to $18.15 in 2007 before experiencing volatility in the following years. The price peaked at $86.72 in early 2015, followed by a moderate decrease and a subsequent recovery, reaching $78.64 by February 2018. This pattern indicates periods of both investor optimism and caution.
- Sales per Share
- Sales per share demonstrate consistent growth throughout the years under review. Beginning at $27.78 in 2006, this metric rose steadily to $177.31 by 2018. The most pronounced increases occurred after 2009, with a marked acceleration from 2010 onwards. This sustained growth in sales per share suggests improving operational performance and increased revenue generation capacity on a per-share basis.
- Price-to-Sales (P/S) Ratio
- The P/S ratio shows a downward trend over the period. Starting at 0.8 in 2006, it declined with some fluctuation to a low of 0.42 in 2017, rising slightly to 0.44 in 2018. This reduction implies that the share price is becoming less expensive relative to sales, potentially indicating that stock price growth has not kept pace with increases in sales or that market valuation multiples have contracted.
In summary, while sales per share have demonstrated robust growth, the share price has experienced volatility but generally appreciated over the long term. The declining P/S ratio reflects a decreasing market valuation relative to sales, which may suggest changes in investor sentiment, market expectations, or valuation standards during the examined timeframe.
Comparison to Competitors
Express Scripts Holding Co., P/S, long-term trends, comparison to competitors
| Express Scripts Holding Co. | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|
| Feb 27, 2018 | 0.44 | 3.84 | 0.38 | 0.67 | 14.97 | 4.06 | 1.10 |
| Feb 14, 2017 | 0.42 | 3.70 | 0.45 | 0.51 | 10.11 | 4.07 | 0.83 |
| Feb 16, 2016 | 0.45 | 2.78 | 0.65 | 0.42 | 8.46 | 5.36 | 0.68 |
| Feb 23, 2015 | 0.62 | 3.53 | 0.82 | 0.54 | 8.80 | 3.74 | 0.80 |
| Feb 20, 2014 | 0.57 | 2.74 | 0.64 | 0.35 | 6.76 | 3.13 | 0.57 |
| Feb 19, 2013 | 0.50 | 1.38 | 0.51 | 0.31 | 10.56 | 2.36 | 0.53 |
| Feb 22, 2012 | 0.54 | 2.27 | 0.54 | 0.37 | 11.00 | 2.60 | 0.55 |
| Feb 16, 2011 | 0.67 | 2.06 | 0.47 | 0.44 | 9.15 | 2.48 | 0.50 |
| Feb 24, 2010 | 0.98 | 2.74 | 0.48 | 0.43 | 12.01 | 2.54 | 0.44 |
| Feb 25, 2009 | 0.65 | 2.83 | 0.43 | 0.33 | 5.14 | 4.30 | 0.43 |
| Feb 21, 2008 | 0.90 | 3.31 | 0.76 | 0.67 | 19.21 | 4.74 | 0.81 |
| Feb 8, 2007 | 0.56 | 3.68 | 0.60 | 0.89 | 11.23 | 4.81 | 1.03 |
| Feb 23, 2006 | 0.80 | 3.02 | 0.68 | 1.14 | 15.19 | 6.30 | 1.78 |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Express Scripts Holding Co., P/S, long-term trends, comparison to sector (health care equipment & services)
| Express Scripts Holding Co. | Health Care Equipment & Services | |
|---|---|---|
| Feb 27, 2018 | 0.44 | 1.16 |
| Feb 14, 2017 | 0.42 | 1.00 |
| Feb 16, 2016 | 0.45 | 0.98 |
| Feb 23, 2015 | 0.62 | 1.08 |
| Feb 20, 2014 | 0.57 | 0.84 |
| Feb 19, 2013 | 0.50 | 0.73 |
| Feb 22, 2012 | 0.54 | 0.88 |
| Feb 16, 2011 | 0.67 | 0.80 |
| Feb 24, 2010 | 0.98 | 0.84 |
| Feb 25, 2009 | 0.65 | 0.87 |
| Feb 21, 2008 | 0.90 | 1.26 |
| Feb 8, 2007 | 0.56 | 1.42 |
| Feb 23, 2006 | 0.80 | 1.82 |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Express Scripts Holding Co., P/S, long-term trends, comparison to industry (health care)
| Express Scripts Holding Co. | Health Care | |
|---|---|---|
| Feb 27, 2018 | 0.44 | 2.49 |
| Feb 14, 2017 | 0.42 | 2.29 |
| Feb 16, 2016 | 0.45 | 2.30 |
| Feb 23, 2015 | 0.62 | 2.62 |
| Feb 20, 2014 | 0.57 | 2.38 |
| Feb 19, 2013 | 0.50 | 1.87 |
| Feb 22, 2012 | 0.54 | 1.66 |
| Feb 16, 2011 | 0.67 | 1.57 |
| Feb 24, 2010 | 0.98 | 1.77 |
| Feb 25, 2009 | 0.65 | 1.47 |
| Feb 21, 2008 | 0.90 | 2.14 |
| Feb 8, 2007 | 0.56 | 2.60 |
| Feb 23, 2006 | 0.80 | 2.90 |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).