Stock Analysis on Net

Western Digital Corp. (NASDAQ:WDC)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 12, 2024.

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Western Digital Corp., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Western Digital Corp. Annual Report.


Share Price Trend
The share price exhibited an overall upward trend from 2005 to 2014, increasing steadily from $13.53 to a peak of $100.62 in August 2014. Following this peak, the share price experienced notable volatility and a downward correction, declining sharply to $37.84 by August 2020. Subsequent years saw a partial recovery with fluctuations, rising to $63.24 in August 2021 before declining again to $40.42 by August 2023.
Sales per Share Trend
Sales per share generally increased from $16.80 in 2005 to a peak of $70.86 in August 2018, indicating growth in revenue generated per share over the period. However, after 2018 sales per share decreased to $38.27 by August 2023, suggesting a contraction or slowdown in sales relative to previous periods.
Price-to-Sales (P/S) Ratio Analysis
The P/S ratio demonstrated variability during the period. Initially, it fluctuated between 0.57 and 1.06 until 2014, with a notable spike to 1.56 in 2014 concurrent with the peak in share price. After 2014, the ratio mostly ranged between 0.68 and 1.39, without a consistent trend. This variability indicates fluctuating market valuation of the company’s sales, with periods of high investor optimism followed by corrections.
Correlations and Insights
The data show that while sales per share generally trended upward until 2018, the share price peaked earlier in 2014 and experienced a more volatile pattern afterward. The divergence between share price and sales per share post-2014 suggests market factors beyond sales growth affected valuation, such as profitability, risk perception, or broader market conditions. The P/S ratio variations reinforce this observation, indicating fluctuating market sentiment relative to the company’s sales performance.

Comparison to Competitors

Western Digital Corp., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).


Comparison to Sector (Technology Hardware & Equipment)

Western Digital Corp., P/S, long-term trends, comparison to sector (technology hardware & equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).


Comparison to Industry (Information Technology)

Western Digital Corp., P/S, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).