Price to Sales (P/S)
since 2005
Difficulty: Beginner
Calculation
AT&T Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Operating revenues1 (in millions) |
÷ | No. shares of common stock outstanding2 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2005 | 2.48 | = | 28.09 | ÷ | 11.31 | 11.31 | = | 43,862 | ÷ | 3,879,759,768 |
| Dec 31, 2006 | 3.71 | = | 37.50 | ÷ | 10.10 | 10.10 | = | 63,055 | ÷ | 6,244,142,361 |
| Dec 31, 2007 | 1.79 | = | 35.20 | ÷ | 19.70 | 19.70 | = | 118,928 | ÷ | 6,035,725,446 |
| Dec 31, 2008 | 1.13 | = | 23.71 | ÷ | 21.05 | 21.05 | = | 124,028 | ÷ | 5,893,307,211 |
| Dec 31, 2009 | 1.19 | = | 24.77 | ÷ | 20.84 | 20.84 | = | 123,018 | ÷ | 5,902,074,438 |
| Dec 31, 2010 | 1.34 | = | 28.08 | ÷ | 21.02 | 21.02 | = | 124,280 | ÷ | 5,911,433,420 |
| Dec 31, 2011 | 1.42 | = | 30.34 | ÷ | 21.37 | 21.37 | = | 126,723 | ÷ | 5,928,751,656 |
| Dec 31, 2012 | 1.54 | = | 35.68 | ÷ | 23.21 | 23.21 | = | 127,434 | ÷ | 5,491,609,489 |
| Dec 31, 2013 | 1.33 | = | 32.80 | ÷ | 24.73 | 24.73 | = | 128,752 | ÷ | 5,206,849,490 |
| Dec 31, 2014 | 1.34 | = | 34.08 | ÷ | 25.52 | 25.52 | = | 132,447 | ÷ | 5,190,167,853 |
| Dec 31, 2015 | 1.55 | = | 36.99 | ÷ | 23.87 | 23.87 | = | 146,801 | ÷ | 6,151,208,898 |
| Dec 31, 2016 | 1.56 | = | 41.48 | ÷ | 26.67 | 26.67 | = | 163,786 | ÷ | 6,141,570,142 |
| Dec 31, 2017 | 1.41 | = | 36.77 | ÷ | 26.14 | 26.14 | = | 160,546 | ÷ | 6,141,532,706 |
1 USD $
2 Data adjusted for splits and stock dividends.
3 Close price on the filing date of AT&T Inc.'s Annual Report.
Source: Based on data from AT&T Inc. Annual Reports
Comparison to Competitors
AT&T Inc., P/S, long-term trends, comparison to competitors
| AT&T Inc. | Verizon Communications Inc. | |
|---|---|---|
| Dec 31, 2005 | 2.48 | 1.34 |
| Dec 31, 2006 | 3.71 | 1.22 |
| Dec 31, 2007 | 1.79 | 1.14 |
| Dec 31, 2008 | 1.13 | 0.83 |
| Dec 31, 2009 | 1.19 | 0.76 |
| Dec 31, 2010 | 1.34 | 0.98 |
| Dec 31, 2011 | 1.42 | 0.98 |
| Dec 31, 2012 | 1.54 | 1.14 |
| Dec 31, 2013 | 1.33 | 1.63 |
| Dec 31, 2014 | 1.34 | 1.59 |
| Dec 31, 2015 | 1.55 | 1.57 |
| Dec 31, 2016 | 1.56 | 1.60 |
| Dec 31, 2017 | 1.41 | 1.56 |
Source: Based on data from AT&T Inc. Annual Reports
Comparison to Fixed Line Telecommunications Sector
AT&T Inc., P/S, long-term trends, comparison to Fixed Line Telecommunications sector
| AT&T Inc. | Fixed Line Telecommunications | |
|---|---|---|
| Dec 31, 2005 | 2.48 | 1.76 |
| Dec 31, 2006 | 3.71 | 2.26 |
| Dec 31, 2007 | 1.79 | 1.50 |
| Dec 31, 2008 | 1.13 | 1.00 |
| Dec 31, 2009 | 1.19 | 0.99 |
| Dec 31, 2010 | 1.34 | 1.17 |
| Dec 31, 2011 | 1.42 | 1.21 |
| Dec 31, 2012 | 1.54 | 1.35 |
| Dec 31, 2013 | 1.33 | 1.47 |
| Dec 31, 2014 | 1.34 | 1.46 |
| Dec 31, 2015 | 1.55 | 1.56 |
| Dec 31, 2016 | 1.56 | 1.57 |
| Dec 31, 2017 | 1.41 | 1.48 |
Source: Based on data from AT&T Inc. Annual Reports