Price to Sales (P/S)
since 2005
Calculation
Amphenol 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 7, 2024 | 4.98 | = | 104.26 | ÷ | 20.93 | 20.93 | = | 12,554,700 | ÷ | 599,854,853 | |
| Feb 8, 2023 | 3.83 | = | 81.28 | ÷ | 21.23 | 21.23 | = | 12,623,000 | ÷ | 594,604,514 | |
| Feb 9, 2022 | 4.40 | = | 79.99 | ÷ | 18.16 | 18.16 | = | 10,876,300 | ÷ | 598,939,773 | |
| Feb 10, 2021 | 4.58 | = | 65.66 | ÷ | 14.35 | 14.35 | = | 8,598,900 | ÷ | 599,153,422 | |
| Feb 12, 2020 | 3.75 | = | 51.78 | ÷ | 13.80 | 13.80 | = | 8,225,400 | ÷ | 596,202,310 | |
| Feb 13, 2019 | 3.34 | = | 45.93 | ÷ | 13.76 | 13.76 | = | 8,202,000 | ÷ | 596,174,420 | |
| Feb 21, 2018 | 3.94 | = | 45.21 | ÷ | 11.48 | 11.48 | = | 7,011,300 | ÷ | 610,967,560 | |
| Feb 17, 2017 | 3.40 | = | 34.73 | ÷ | 10.22 | 10.22 | = | 6,286,400 | ÷ | 615,328,656 | |
| Feb 19, 2016 | 2.88 | = | 26.05 | ÷ | 9.04 | 9.04 | = | 5,568,700 | ÷ | 616,076,154 | |
| Feb 20, 2015 | 3.30 | = | 28.46 | ÷ | 8.62 | 8.62 | = | 5,345,500 | ÷ | 620,391,200 | |
| Feb 21, 2014 | 3.02 | = | 22.04 | ÷ | 7.29 | 7.29 | = | 4,614,669 | ÷ | 632,798,072 | |
| Feb 22, 2013 | 2.63 | = | 17.70 | ÷ | 6.72 | 6.72 | = | 4,292,065 | ÷ | 638,792,392 | |
| Feb 24, 2012 | 2.33 | = | 14.08 | ÷ | 6.03 | 6.03 | = | 3,939,786 | ÷ | 653,329,832 | |
| Feb 28, 2011 | 2.85 | = | 14.37 | ÷ | 5.05 | 5.05 | = | 3,554,101 | ÷ | 703,734,272 | |
| Feb 23, 2010 | 2.53 | = | 10.31 | ÷ | 4.07 | 4.07 | = | 2,820,065 | ÷ | 692,930,404 | |
| Feb 23, 2009 | 1.32 | = | 6.25 | ÷ | 4.73 | 4.73 | = | 3,236,471 | ÷ | 684,749,272 | |
| Feb 26, 2008 | 2.38 | = | 9.58 | ÷ | 4.03 | 4.03 | = | 2,851,041 | ÷ | 708,261,032 | |
| Feb 21, 2007 | 2.45 | = | 8.49 | ÷ | 3.47 | 3.47 | = | 2,471,430 | ÷ | 712,220,144 | |
| Mar 16, 2006 | 2.59 | = | 6.43 | ÷ | 2.48 | 2.48 | = | 1,808,147 | ÷ | 727,738,264 |
Based on: 10-K (reporting date: 2023-12-31), 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 Amphenol Corp. Annual Report.
The analysis of financial data over the given periods reveals several notable trends in the company's share price, sales per share, and price-to-sales (P/S) ratio.
- Share Price (US$)
- The share price exhibits an overall upward trend from 2006 through 2024, rising from 6.43 US$ to 104.26 US$. There are fluctuations throughout this period, including a decrease around 2009 where the price dropped to 6.25 US$, likely reflecting broader market conditions. Post-2009, a steady increase is observed with a few periods of slower growth or minor declines, most notably between 2014 and 2016. From 2016 onwards, the share price experiences significant growth, particularly between 2019 and 2024, where it more than doubles from 45.93 US$ to 104.26 US$.
- Sales Per Share (US$)
- Sales per share also show consistent growth over the analyzed years, starting at 2.48 US$ in 2006 and reaching a peak of 21.23 US$ in 2023 before a slight decline to 20.93 US$ in 2024. The growth is relatively steady, with some slowing in the period from 2019 to 2020 where sales per share maintained around 13.8 to 14.35 US$. After 2020, sales per share increase more sharply, aligning with the observed rise in share price during the same timeframe.
- Price-to-Sales (P/S) Ratio
- The P/S ratio shows more variability without a clear long-term directional trend. Initially, the ratio declines from 2.59 in 2006 to a low of 1.32 in 2009, reflecting a period where the share price dropped more sharply relative to sales per share. From 2009 onwards, the ratio generally recovers and increases, reaching a peak near 4.98 in 2024. This indicates that the market valuation relative to sales per share has increased, suggesting growing investor confidence or expectations of higher profitability, especially in recent years. Some volatility is present, with occasional dips, such as from 3.94 in 2018 to 3.34 in 2019, and from 4.4 in 2022 to 3.83 in 2023.
In summary, the company demonstrates a significant growth trajectory in both share price and sales per share over the period, punctuated by short-term fluctuations likely influenced by external market factors. The rising P/S ratio in recent years suggests an increasing market premium on the company's sales performance, highlighting strong investor sentiment or anticipated future growth prospects.
Comparison to Competitors
Amphenol Corp., P/S, long-term trends, comparison to competitors
| Amphenol Corp. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Feb 7, 2024 | 4.98 | 7.17 | 14.17 | 4.04 | 0.28 | 1.90 |
| Feb 8, 2023 | 3.83 | 6.28 | 9.89 | 3.62 | 0.40 | 0.70 |
| Feb 9, 2022 | 4.40 | 6.72 | 13.57 | 4.96 | 0.72 | 0.51 |
| Feb 10, 2021 | 4.58 | 6.74 | 10.24 | 3.52 | 0.31 | 0.43 |
| Feb 12, 2020 | 3.75 | 4.25 | 7.09 | 3.96 | 0.47 | 0.32 |
| Feb 13, 2019 | 3.34 | 3.60 | 9.29 | 4.38 | — | 0.33 |
| Feb 21, 2018 | 3.94 | 3.86 | 11.20 | 3.28 | — | 0.40 |
| Feb 17, 2017 | 3.40 | 2.86 | 7.49 | 3.20 | — | 0.47 |
| Feb 19, 2016 | 2.88 | 2.85 | 5.52 | 2.71 | — | 0.65 |
| Feb 20, 2015 | 3.30 | 3.37 | 7.82 | 2.69 | — | 0.82 |
| Feb 21, 2014 | 3.02 | 2.76 | — | 2.66 | — | 0.48 |
| Feb 22, 2013 | 2.63 | 3.58 | — | 2.19 | — | 0.54 |
| Feb 24, 2012 | 2.33 | 3.44 | — | 2.03 | — | 0.54 |
| Feb 28, 2011 | 2.85 | 4.33 | — | 3.02 | — | 0.51 |
| Feb 23, 2010 | 2.53 | 4.87 | — | 3.70 | — | 0.55 |
| Feb 23, 2009 | 1.32 | 2.83 | — | 3.33 | — | 0.62 |
| Feb 26, 2008 | 2.38 | 5.99 | — | 5.59 | — | 0.61 |
| Feb 21, 2007 | 2.45 | 3.77 | — | 4.87 | — | — |
| Mar 16, 2006 | 2.59 | 4.34 | — | 4.60 | — | — |
Based on: 10-K (reporting date: 2023-12-31), 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 (Technology Hardware & Equipment)
Amphenol Corp., P/S, long-term trends, comparison to sector (technology hardware & equipment)
| Amphenol Corp. | Technology Hardware & Equipment | |
|---|---|---|
| Feb 7, 2024 | 4.98 | 5.59 |
| Feb 8, 2023 | 3.83 | 4.94 |
| Feb 9, 2022 | 4.40 | 5.45 |
| Feb 10, 2021 | 4.58 | 4.93 |
| Feb 12, 2020 | 3.75 | 3.36 |
| Feb 13, 2019 | 3.34 | 3.73 |
| Feb 21, 2018 | 3.94 | 3.78 |
| Feb 17, 2017 | 3.40 | 2.92 |
| Feb 19, 2016 | 2.88 | 2.81 |
| Feb 20, 2015 | 3.30 | 3.23 |
| Feb 21, 2014 | 3.02 | 2.73 |
| Feb 22, 2013 | 2.63 | 3.25 |
| Feb 24, 2012 | 2.33 | 3.02 |
| Feb 28, 2011 | 2.85 | 3.81 |
| Feb 23, 2010 | 2.53 | 4.26 |
| Feb 23, 2009 | 1.32 | 3.08 |
| Feb 26, 2008 | 2.38 | 5.72 |
| Feb 21, 2007 | 2.45 | 4.43 |
| Mar 16, 2006 | 2.59 | 4.50 |
Based on: 10-K (reporting date: 2023-12-31), 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 (Information Technology)
Amphenol Corp., P/S, long-term trends, comparison to industry (information technology)
| Amphenol Corp. | Information Technology | |
|---|---|---|
| Feb 7, 2024 | 4.98 | 7.35 |
| Feb 8, 2023 | 3.83 | 6.02 |
| Feb 9, 2022 | 4.40 | 7.01 |
| Feb 10, 2021 | 4.58 | 6.13 |
| Feb 12, 2020 | 3.75 | 4.63 |
| Feb 13, 2019 | 3.34 | 4.31 |
| Feb 21, 2018 | 3.94 | 4.19 |
| Feb 17, 2017 | 3.40 | 3.47 |
| Feb 19, 2016 | 2.88 | 3.04 |
| Feb 20, 2015 | 3.30 | 3.32 |
| Feb 21, 2014 | 3.02 | 2.86 |
| Feb 22, 2013 | 2.63 | 2.88 |
| Feb 24, 2012 | 2.33 | 2.84 |
| Feb 28, 2011 | 2.85 | 3.03 |
| Feb 23, 2010 | 2.53 | 3.11 |
| Feb 23, 2009 | 1.32 | 2.38 |
| Feb 26, 2008 | 2.38 | 5.73 |
| Feb 21, 2007 | 2.45 | 5.18 |
| Mar 16, 2006 | 2.59 | 5.60 |
Based on: 10-K (reporting date: 2023-12-31), 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).