Price to Sales (P/S)
since 2005
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Netflix Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Debt
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Calculation
Netflix Inc., 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 27, 2025 | = | ÷ | = | ÷ | |||||||
| Jan 26, 2024 | = | ÷ | = | ÷ | |||||||
| Jan 26, 2023 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2022 | = | ÷ | = | ÷ | |||||||
| Jan 28, 2021 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2020 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2019 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2018 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2017 | = | ÷ | = | ÷ | |||||||
| Jan 28, 2016 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 3, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 1, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2006 | = | ÷ | = | ÷ |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 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 Netflix Inc. Annual Report.
The annual financial data reveals several important trends regarding share price, sales per share, and the price-to-sales (P/S) ratio over the analyzed period.
- Share Price (US$)
- The share price demonstrated significant growth overall, rising from $3.64 in March 2006 to $971.89 projected for January 2025. Notable periods of rapid increase occurred between 2010 and 2011, where price surged from $9.32 to $33.64, and later from 2017 to 2021 when the price escalated from $284.59 to $538.6. There were intermittent declines, such as from 2011 to 2012 and particularly from 2021 to 2023, indicating market volatility or company-specific challenges in those times. Despite occasional dips, the long-term trajectory is strongly upward.
- Sales Per Share (US$)
- Sales per share consistently increased throughout the timeline, from $1.76 in 2006 to a projected $91.18 in 2025. The growth appears relatively steady and gradual, with no evident periods of decline. This positive trend suggests sustained revenue expansion and improving operational performance. The consistent increase in sales per share supports the overall growth in share price.
- Price-to-Sales (P/S) Ratio
- The P/S ratio exhibited considerable fluctuations despite the overall upward trend in share price and sales per share. It started at 2.07 in 2006, dropped to a low near 1.54 by 2009, and then climbed markedly, peaking at 10.66 projected for 2025. Intermediate peaks occurred around 2014 and 2018 with values above 10.00, reflecting heightened market valuation relative to sales in those periods. Some declines in P/S ratio, for example during 2011-2012 and after 2021, suggest temporary market corrections or valuation adjustments. The rising P/S ratio in recent years indicates increasing investor willingness to pay a premium over sales, likely due to growth expectations and market positioning.
In summary, the company has demonstrated strong growth in share price and sales per share across the nearly two-decade span. While the P/S ratio has been more volatile, its upward trend highlights increasing market confidence and valuation premiums. Periods of share price correction reflect typical market cycles, but the overall data suggest a positive long-term financial trajectory with improving revenue generation and investor sentiment.
Comparison to Competitors
Netflix Inc., P/S, long-term trends, comparison to competitors
| Netflix Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Take-Two Interactive Software Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Jan 27, 2025 | ||||||
| Jan 26, 2024 | ||||||
| Jan 26, 2023 | ||||||
| Jan 27, 2022 | ||||||
| Jan 28, 2021 | ||||||
| Jan 29, 2020 | ||||||
| Jan 29, 2019 | ||||||
| Jan 29, 2018 | ||||||
| Jan 27, 2017 | ||||||
| Jan 28, 2016 | ||||||
| Jan 29, 2015 | ||||||
| Feb 3, 2014 | ||||||
| Feb 1, 2013 | ||||||
| Feb 10, 2012 | ||||||
| Feb 18, 2011 | ||||||
| Feb 22, 2010 | ||||||
| Feb 25, 2009 | ||||||
| Feb 28, 2008 | ||||||
| Feb 28, 2007 | ||||||
| Mar 16, 2006 |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 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 (Media & Entertainment)
Netflix Inc., P/S, long-term trends, comparison to sector (media & entertainment)
| Netflix Inc. | Media & Entertainment | |
|---|---|---|
| Jan 27, 2025 | ||
| Jan 26, 2024 | ||
| Jan 26, 2023 | ||
| Jan 27, 2022 | ||
| Jan 28, 2021 | ||
| Jan 29, 2020 | ||
| Jan 29, 2019 | ||
| Jan 29, 2018 | ||
| Jan 27, 2017 | ||
| Jan 28, 2016 | ||
| Jan 29, 2015 | ||
| Feb 3, 2014 | ||
| Feb 1, 2013 | ||
| Feb 10, 2012 | ||
| Feb 18, 2011 | ||
| Feb 22, 2010 | ||
| Feb 25, 2009 | ||
| Feb 28, 2008 | ||
| Feb 28, 2007 | ||
| Mar 16, 2006 |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 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 (Communication Services)
Netflix Inc., P/S, long-term trends, comparison to industry (communication services)
| Netflix Inc. | Communication Services | |
|---|---|---|
| Jan 27, 2025 | ||
| Jan 26, 2024 | ||
| Jan 26, 2023 | ||
| Jan 27, 2022 | ||
| Jan 28, 2021 | ||
| Jan 29, 2020 | ||
| Jan 29, 2019 | ||
| Jan 29, 2018 | ||
| Jan 27, 2017 | ||
| Jan 28, 2016 | ||
| Jan 29, 2015 | ||
| Feb 3, 2014 | ||
| Feb 1, 2013 | ||
| Feb 10, 2012 | ||
| Feb 18, 2011 | ||
| Feb 22, 2010 | ||
| Feb 25, 2009 | ||
| Feb 28, 2008 | ||
| Feb 28, 2007 | ||
| Mar 16, 2006 |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 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).