Stock Analysis on Net

Ross Stores Inc. (NASDAQ:ROST)

$22.49

This company has been moved to the archive! The financial data has not been updated since December 7, 2022.

Price to Sales (P/S)
since 2005

Microsoft Excel

Calculation

Ross Stores Inc., P/S, long-term trends, calculation

Microsoft Excel

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

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Ross Stores Inc. Annual Report.


Share Price Trend
The share price exhibits an overall upward trajectory throughout the period. Beginning at $6.99 in 2005, it shows moderate growth until around 2010, when the increase becomes more pronounced. Notable growth occurs between 2010 and 2015, reaching $52.68, followed by a steady rise to a peak of $120.38 in 2021. However, there is a decline in the final recorded year, with the share price falling to $95.55 in 2022.
Sales Per Share Trend
Sales per share demonstrate consistent growth over the entire period. Starting at $7.18 in 2005, the metric increases each year, reaching $45.07 by 2020. An exception occurs in 2021 where sales per share dip to $35.15, followed by a strong rebound to $53.91 in 2022. This pattern indicates generally robust revenue growth per share, with only a brief interruption in the most recent period.
Price-to-Sales (P/S) Ratio Trend
The P/S ratio shows variable behavior over time, beginning at 0.97 in 2005 and declining to a low of 0.69 in 2008. From that point onward, the ratio generally increases, reaching above 2.0 between 2013 and 2020, peaking at 3.42 in 2021. In 2022, the P/S ratio decreases noticeably to 1.77. These fluctuations likely reflect changes in market valuation relative to sales, with elevated multiples observed during the latter part of the timeline followed by a recent contraction.
Combined Insights
The data suggest that the company experienced steady sales growth per share over the period, which was accompanied by a rising share price and an increasing P/S ratio, particularly from 2010 onwards. The rise in the P/S ratio indicates that investors increasingly valued the company relative to its sales, potentially reflecting improved profitability or market sentiment. The dip in both share price and sales per share in 2021, combined with a sharp increase in the P/S ratio, may indicate market expectations ahead of recovering sales in 2022, where sales per share rebounded significantly but share price declined, resulting in a lowered valuation multiple.

Comparison to Competitors

Ross Stores Inc., P/S, long-term trends, comparison to competitors

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


Comparison to Sector (Consumer Discretionary Distribution & Retail)

Ross Stores Inc., P/S, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

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


Comparison to Industry (Consumer Discretionary)