Price to Sales (P/S)
since 2005
Calculation
Ecolab Inc., 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 25, 2022 | 4.06 | = | 180.30 | ÷ | 44.40 | 44.40 | = | 12,733,100 | ÷ | 286,751,531 | |
| Feb 26, 2021 | 5.08 | = | 209.36 | ÷ | 41.25 | 41.25 | = | 11,790,200 | ÷ | 285,849,956 | |
| Feb 28, 2020 | 3.49 | = | 180.45 | ÷ | 51.73 | 51.73 | = | 14,906,300 | ÷ | 288,166,440 | |
| Mar 1, 2019 | 3.34 | = | 170.16 | ÷ | 50.96 | 50.96 | = | 14,668,200 | ÷ | 287,853,232 | |
| Feb 23, 2018 | 2.73 | = | 130.84 | ÷ | 47.91 | 47.91 | = | 13,838,300 | ÷ | 288,858,441 | |
| Feb 24, 2017 | 2.78 | = | 125.50 | ÷ | 45.09 | 45.09 | = | 13,152,800 | ÷ | 291,718,512 | |
| Feb 26, 2016 | 2.32 | = | 106.28 | ÷ | 45.76 | 45.76 | = | 13,545,100 | ÷ | 296,001,857 | |
| Feb 27, 2015 | 2.42 | = | 115.54 | ÷ | 47.72 | 47.72 | = | 14,280,500 | ÷ | 299,250,034 | |
| Feb 28, 2014 | 2.45 | = | 107.75 | ÷ | 44.07 | 44.07 | = | 13,253,400 | ÷ | 300,767,420 | |
| Feb 26, 2013 | 1.89 | = | 75.84 | ÷ | 40.14 | 40.14 | = | 11,838,700 | ÷ | 294,954,864 | |
| Feb 28, 2012 | 2.65 | = | 61.75 | ÷ | 23.34 | 23.34 | = | 6,798,500 | ÷ | 291,269,964 | |
| Feb 25, 2011 | 1.84 | = | 48.23 | ÷ | 26.17 | 26.17 | = | 6,089,700 | ÷ | 232,664,561 | |
| Feb 26, 2010 | 1.69 | = | 42.14 | ÷ | 24.97 | 24.97 | = | 5,900,600 | ÷ | 236,263,986 | |
| Feb 27, 2009 | 1.22 | = | 31.78 | ÷ | 25.99 | 25.99 | = | 6,137,500 | ÷ | 236,192,852 | |
| Feb 25, 2008 | 2.16 | = | 47.90 | ÷ | 22.13 | 22.13 | = | 5,469,600 | ÷ | 247,200,121 | |
| Feb 28, 2007 | 2.17 | = | 42.30 | ÷ | 19.53 | 19.53 | = | 4,895,814 | ÷ | 250,634,287 | |
| Feb 28, 2006 | 2.02 | = | 36.19 | ÷ | 17.91 | 17.91 | = | 4,534,832 | ÷ | 253,210,779 |
Based on: 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 Ecolab Inc. Annual Report.
- Share Price Trend
- The share price exhibited a general upward trajectory from 2006 to 2021, increasing from $36.19 to a peak of $209.36. A notable decline occurred in 2009, dropping to $31.78, which may reflect broader market conditions. Following this dip, the share price steadily grew over the subsequent years, reaching its highest value in 2021. However, a downward correction is observable in 2022, with the price falling to $180.30.
- Sales per Share Trend
- Sales per share showed a gradual increase from $17.91 in 2006 to a peak of $51.73 in 2020. There was a steady rise until 2009, after which some fluctuations occurred. Notably, sales per share declined after 2020, dropping to $41.25 and slightly recovering to $44.40 in 2022. This pattern suggests variability in revenue generation per share in recent years.
- Price to Sales (P/S) Ratio Analysis
- The P/S ratio fluctuated markedly over the period. It began near 2.0 in 2006 and saw a dip in 2009 to 1.22, aligning with the share price decline. Thereafter, it generally increased, reaching a high of 5.08 in 2021, indicating that the share price growth outpaced sales per share increases during this period. The ratio decreased to 4.06 in 2022, reflecting the share price correction relative to sales.
- Insights and Patterns
- There is a clear upward trend in both share price and sales per share over the long-term horizon, punctuated by a notable contraction around 2009 likely due to market-wide impacts. The rising P/S ratio towards the latter years indicates growing investor expectations or valuation premium relative to sales. The recent declines in sales per share and share price in 2022 may suggest emerging challenges impacting performance or market sentiment, warranting closer attention.
Comparison to Competitors
Ecolab Inc., P/S, long-term trends, comparison to competitors
| Ecolab Inc. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Feb 25, 2022 | 4.06 | 4.84 | 3.49 |
| Feb 26, 2021 | 5.08 | 4.83 | 3.50 |
| Feb 28, 2020 | 3.49 | 3.74 | 2.95 |
| Mar 1, 2019 | 3.34 | 5.71 | 2.33 |
| Feb 23, 2018 | 2.73 | 3.76 | 2.50 |
| Feb 24, 2017 | 2.78 | 3.26 | 2.46 |
| Feb 26, 2016 | 2.32 | 2.69 | 2.11 |
| Feb 27, 2015 | 2.42 | 3.03 | 2.45 |
| Feb 28, 2014 | 2.45 | 3.14 | 1.96 |
| Feb 26, 2013 | 1.89 | 2.96 | 1.75 |
| Feb 28, 2012 | 2.65 | 2.89 | 1.20 |
| Feb 25, 2011 | 1.84 | 2.91 | 1.14 |
| Feb 26, 2010 | 1.69 | 2.60 | 0.99 |
| Feb 27, 2009 | 1.22 | 1.69 | 0.68 |
| Feb 25, 2008 | 2.16 | 2.81 | 0.82 |
| Feb 28, 2007 | 2.17 | 2.37 | 1.15 |
| Feb 28, 2006 | 2.02 | 2.31 | 0.82 |
Based on: 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)
Ecolab Inc., P/S, long-term trends, comparison to sector (chemicals)
| Ecolab Inc. | Chemicals | |
|---|---|---|
| Feb 25, 2022 | 4.06 | 4.31 |
| Feb 26, 2021 | 5.08 | 4.29 |
| Feb 28, 2020 | 3.49 | 3.44 |
| Mar 1, 2019 | 3.34 | 3.88 |
| Feb 23, 2018 | 2.73 | 3.04 |
| Feb 24, 2017 | 2.78 | 2.83 |
| Feb 26, 2016 | 2.32 | 2.40 |
| Feb 27, 2015 | 2.42 | 2.75 |
| Feb 28, 2014 | 2.45 | 2.59 |
| Feb 26, 2013 | 1.89 | 2.41 |
| Feb 28, 2012 | 2.65 | 2.15 |
| Feb 25, 2011 | 1.84 | 2.14 |
| Feb 26, 2010 | 1.69 | 1.89 |
| Feb 27, 2009 | 1.22 | 1.26 |
| Feb 25, 2008 | 2.16 | 1.89 |
| Feb 28, 2007 | 2.17 | 1.78 |
| Feb 28, 2006 | 2.02 | 1.59 |
Based on: 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)
Ecolab Inc., P/S, long-term trends, comparison to industry (materials)
| Ecolab Inc. | Materials | |
|---|---|---|
| Feb 25, 2022 | 4.06 | 3.83 |
| Feb 26, 2021 | 5.08 | 4.08 |
| Feb 28, 2020 | 3.49 | 2.91 |
| Mar 1, 2019 | 3.34 | 2.81 |
| Feb 23, 2018 | 2.73 | 2.50 |
| Feb 24, 2017 | 2.78 | 2.22 |
| Feb 26, 2016 | 2.32 | 1.64 |
| Feb 27, 2015 | 2.42 | 1.94 |
| Feb 28, 2014 | 2.45 | 2.14 |
| Feb 26, 2013 | 1.89 | 2.08 |
| Feb 28, 2012 | 2.65 | 2.06 |
| Feb 25, 2011 | 1.84 | 2.38 |
| Feb 26, 2010 | 1.69 | 2.02 |
| Feb 27, 2009 | 1.22 | 0.98 |
| Feb 25, 2008 | 2.16 | 2.08 |
| Feb 28, 2007 | 2.17 | 1.83 |
| Feb 28, 2006 | 2.02 | 1.77 |
Based on: 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).