Price to Sales (P/S)
since 2005
Calculation
Albemarle Corp., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 15, 2023 | 4.37 | = | 272.79 | ÷ | 62.46 | 62.46 | = | 7,320,104 | ÷ | 117,197,977 | |
| Feb 22, 2022 | 6.75 | = | 191.85 | ÷ | 28.44 | 28.44 | = | 3,327,957 | ÷ | 117,036,615 | |
| Feb 19, 2021 | 5.82 | = | 156.17 | ÷ | 26.83 | 26.83 | = | 3,128,909 | ÷ | 116,632,439 | |
| Feb 26, 2020 | 2.53 | = | 85.65 | ÷ | 33.80 | 33.80 | = | 3,589,427 | ÷ | 106,206,157 | |
| Feb 27, 2019 | 2.89 | = | 92.28 | ÷ | 31.91 | 31.91 | = | 3,374,950 | ÷ | 105,753,864 | |
| Feb 28, 2018 | 3.62 | = | 100.43 | ÷ | 27.77 | 27.77 | = | 3,071,976 | ÷ | 110,638,449 | |
| Feb 28, 2017 | 4.27 | = | 101.51 | ÷ | 23.78 | 23.78 | = | 2,677,203 | ÷ | 112,566,316 | |
| Feb 29, 2016 | 1.73 | = | 56.22 | ÷ | 32.53 | 32.53 | = | 3,651,335 | ÷ | 112,250,676 | |
| Mar 2, 2015 | 2.60 | = | 56.68 | ÷ | 21.80 | 21.80 | = | 2,445,548 | ÷ | 112,155,745 | |
| Feb 25, 2014 | 1.95 | = | 64.28 | ÷ | 32.91 | 32.91 | = | 2,616,416 | ÷ | 79,497,921 | |
| Feb 15, 2013 | 2.12 | = | 65.42 | ÷ | 30.90 | 30.90 | = | 2,745,420 | ÷ | 88,836,443 | |
| Feb 22, 2012 | 2.05 | = | 66.19 | ÷ | 32.26 | 32.26 | = | 2,869,005 | ÷ | 88,937,768 | |
| Feb 25, 2011 | 2.22 | = | 57.24 | ÷ | 25.78 | 25.78 | = | 2,362,764 | ÷ | 91,633,335 | |
| Feb 26, 2010 | 1.71 | = | 37.49 | ÷ | 21.96 | 21.96 | = | 2,005,394 | ÷ | 91,314,008 | |
| Feb 27, 2009 | 0.72 | = | 19.35 | ÷ | 27.00 | 27.00 | = | 2,467,115 | ÷ | 91,377,788 | |
| Feb 29, 2008 | 1.48 | = | 37.94 | ÷ | 25.56 | 25.56 | = | 2,336,187 | ÷ | 91,407,676 | |
| Mar 1, 2007 | 1.65 | = | 40.98 | ÷ | 24.89 | 24.89 | = | 2,368,506 | ÷ | 95,174,444 | |
| Mar 15, 2006 | 0.99 | = | 22.05 | ÷ | 22.31 | 22.31 | = | 2,107,499 | ÷ | 94,462,906 |
Based on: 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 Albemarle Corp. Annual Report.
The valuation of Albemarle Corp. as measured by the Price to Sales (P/S) ratio exhibits three distinct phases between 2006 and 2023: a period of relative stability, a phase of moderate expansion, and a recent period of high volatility characterized by a significant valuation peak followed by a correction.
- Share Price Evolution
- The share price experienced a long-term upward trajectory, rising from 22.05 USD in 2006 to 272.79 USD by 2023. Significant accelerations are observed starting in 2017 and peaking during the 2021-2023 window, where the price more than tripled from its 2020 level of 85.65 USD.
- Sales per Share Trends
- Revenue per share remained relatively range-bound between 21.80 USD and 33.80 USD for the majority of the period from 2006 to 2022. A substantial increase was recorded in 2023, with sales per share reaching 62.46 USD, representing a nearly 120% increase compared to the 2022 value of 28.44 USD.
- Price to Sales Ratio Analysis
- The P/S ratio fluctuated between 0.72 and 2.60 from 2006 to 2016, indicating a consistent valuation relative to revenue during that decade. A structural shift occurred in 2017 when the ratio climbed to 4.27, signaling increased market optimism. The most aggressive expansion occurred between 2021 and 2022, with the ratio peaking at 6.75, suggesting a significant valuation premium. By 2023, the ratio contracted to 4.37; notably, this decline occurred despite the record high in sales per share, indicating that the share price corrected more significantly than the underlying revenue growth.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Comparison to Competitors
Albemarle Corp., P/S, long-term trends, comparison to competitors
| Albemarle Corp. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Feb 15, 2023 | 4.37 | 5.14 | 2.60 |
| Feb 22, 2022 | 6.75 | 4.84 | 3.49 |
| Feb 19, 2021 | 5.82 | 4.83 | 3.50 |
| Feb 26, 2020 | 2.53 | 3.74 | 2.95 |
| Feb 27, 2019 | 2.89 | 5.71 | 2.33 |
| Feb 28, 2018 | 3.62 | 3.76 | 2.50 |
| Feb 28, 2017 | 4.27 | 3.26 | 2.46 |
| Feb 29, 2016 | 1.73 | 2.69 | 2.11 |
| Mar 2, 2015 | 2.60 | 3.03 | 2.45 |
| Feb 25, 2014 | 1.95 | 3.14 | 1.96 |
| Feb 15, 2013 | 2.12 | 2.96 | 1.75 |
| Feb 22, 2012 | 2.05 | 2.89 | 1.20 |
| Feb 25, 2011 | 2.22 | 2.91 | 1.14 |
| Feb 26, 2010 | 1.71 | 2.60 | 0.99 |
| Feb 27, 2009 | 0.72 | 1.69 | 0.68 |
| Feb 29, 2008 | 1.48 | 2.81 | 0.82 |
| Mar 1, 2007 | 1.65 | 2.37 | 1.15 |
| Mar 15, 2006 | 0.99 | 2.31 | 0.82 |
Based on: 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 (Chemicals)
Albemarle Corp., P/S, long-term trends, comparison to sector (chemicals)
| Albemarle Corp. | Chemicals | |
|---|---|---|
| Feb 15, 2023 | 4.37 | 4.13 |
| Feb 22, 2022 | 6.75 | 4.31 |
| Feb 19, 2021 | 5.82 | 4.29 |
| Feb 26, 2020 | 2.53 | 3.44 |
| Feb 27, 2019 | 2.89 | 3.88 |
| Feb 28, 2018 | 3.62 | 3.04 |
| Feb 28, 2017 | 4.27 | 2.83 |
| Feb 29, 2016 | 1.73 | 2.40 |
| Mar 2, 2015 | 2.60 | 2.75 |
| Feb 25, 2014 | 1.95 | 2.59 |
| Feb 15, 2013 | 2.12 | 2.41 |
| Feb 22, 2012 | 2.05 | 2.15 |
| Feb 25, 2011 | 2.22 | 2.14 |
| Feb 26, 2010 | 1.71 | 1.89 |
| Feb 27, 2009 | 0.72 | 1.26 |
| Feb 29, 2008 | 1.48 | 1.89 |
| Mar 1, 2007 | 1.65 | 1.78 |
| Mar 15, 2006 | 0.99 | 1.59 |
Based on: 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 (Materials)
Albemarle Corp., P/S, long-term trends, comparison to industry (materials)
| Albemarle Corp. | Materials | |
|---|---|---|
| Feb 15, 2023 | 4.37 | 3.70 |
| Feb 22, 2022 | 6.75 | 3.83 |
| Feb 19, 2021 | 5.82 | 4.08 |
| Feb 26, 2020 | 2.53 | 2.91 |
| Feb 27, 2019 | 2.89 | 2.81 |
| Feb 28, 2018 | 3.62 | 2.50 |
| Feb 28, 2017 | 4.27 | 2.22 |
| Feb 29, 2016 | 1.73 | 1.64 |
| Mar 2, 2015 | 2.60 | 1.94 |
| Feb 25, 2014 | 1.95 | 2.14 |
| Feb 15, 2013 | 2.12 | 2.08 |
| Feb 22, 2012 | 2.05 | 2.06 |
| Feb 25, 2011 | 2.22 | 2.38 |
| Feb 26, 2010 | 1.71 | 2.02 |
| Feb 27, 2009 | 0.72 | 0.98 |
| Feb 29, 2008 | 1.48 | 2.08 |
| Mar 1, 2007 | 1.65 | 1.83 |
| Mar 15, 2006 | 0.99 | 1.77 |
Based on: 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).