Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Albemarle Corp., P/S, long-term trends, calculation

Microsoft Excel

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.


Share Price Trend
The share price demonstrates a generally upward trajectory over the years analyzed. Beginning at $22.05 in 2006, it experienced volatility with notable dips, such as in 2009 where it fell to $19.35. Subsequently, there was a strong recovery and consistent growth, reaching a peak of $272.79 by 2023. This signifies substantial capital appreciation over the analyzed period.
Sales per Share Dynamics
Sales per share presented moderate fluctuations with some volatility throughout the years. Starting at $22.31 in 2006, sales per share peaked in 2014 at $32.91 but notably decreased in certain periods, such as in 2010 and 2012, with a trough at $21.8 in 2014 and $23.78 in 2017. A pronounced increase was observed in 2023, with sales per share rising sharply to $62.46, indicating a significant enhancement in revenue generated per share in the latest period.
Price-to-Sales Ratio (P/S) Analysis
The P/S ratio exhibited considerable variability, reflecting differing market valuations relative to sales for the company. It started near parity at 0.99 in 2006, rose to a peak of 2.6 in 2015, and surged dramatically to a maximum of 6.75 in 2022 before settling at 4.37 in 2023. The sharp increase in recent years implies a higher market premium on the company's sales, which may be driven by growth expectations or improved market sentiment despite some fluctuations in sales per share.
Integrated Observations
An overall observation is the decoupling trend between sales per share and share price growth in certain years, particularly post-2015, where the share price and P/S ratio increased markedly compared to more moderate sales per share growth. This suggests investors potentially value the company beyond its sales figures, possibly anticipating improved profitability or strategic advantages. The sharp rise in both sales per share and share price in the latest period, accompanied by a moderate decline in P/S ratio from its peak, might indicate strengthening fundamentals coupled with more balanced market valuation.

Comparison to Competitors


Comparison to Sector (Chemicals)


Comparison to Industry (Materials)