Price to Sales (P/S)
since 2005
Calculation
Fair Isaac Corp., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 6, 2024 | 29.64 | = | 2,090.63 | ÷ | 70.54 | 70.54 | = | 1,717,526 | ÷ | 24,347,903 | |
| Nov 8, 2023 | 15.36 | = | 940.43 | ÷ | 61.24 | 61.24 | = | 1,513,557 | ÷ | 24,713,557 | |
| Nov 9, 2022 | 8.05 | = | 443.77 | ÷ | 55.14 | 55.14 | = | 1,377,270 | ÷ | 24,975,618 | |
| Nov 10, 2021 | 8.08 | = | 388.61 | ÷ | 48.12 | 48.12 | = | 1,316,536 | ÷ | 27,358,353 | |
| Nov 12, 2020 | 10.38 | = | 461.72 | ÷ | 44.49 | 44.49 | = | 1,294,562 | ÷ | 29,098,177 | |
| Nov 8, 2019 | 8.28 | = | 331.59 | ÷ | 40.06 | 40.06 | = | 1,160,083 | ÷ | 28,961,612 | |
| Nov 9, 2018 | 5.51 | = | 196.33 | ÷ | 35.66 | 35.66 | = | 1,032,475 | ÷ | 28,955,028 | |
| Nov 9, 2017 | 4.95 | = | 153.76 | ÷ | 31.08 | 31.08 | = | 932,169 | ÷ | 29,990,221 | |
| Nov 10, 2016 | 3.97 | = | 113.19 | ÷ | 28.49 | 28.49 | = | 881,356 | ÷ | 30,940,696 | |
| Nov 10, 2015 | 3.23 | = | 87.19 | ÷ | 26.99 | 26.99 | = | 838,781 | ÷ | 31,076,089 | |
| Nov 10, 2014 | 2.88 | = | 70.73 | ÷ | 24.57 | 24.57 | = | 788,985 | ÷ | 32,106,155 | |
| Nov 12, 2013 | 2.64 | = | 56.73 | ÷ | 21.51 | 21.51 | = | 743,444 | ÷ | 34,567,208 | |
| Nov 16, 2012 | 2.13 | = | 41.19 | ÷ | 19.37 | 19.37 | = | 676,423 | ÷ | 34,915,741 | |
| Nov 18, 2011 | 1.98 | = | 34.36 | ÷ | 17.36 | 17.36 | = | 619,683 | ÷ | 35,701,425 | |
| Nov 23, 2010 | 1.55 | = | 23.52 | ÷ | 15.18 | 15.18 | = | 605,643 | ÷ | 39,887,143 | |
| Nov 24, 2009 | 1.48 | = | 19.42 | ÷ | 13.09 | 13.09 | = | 630,735 | ÷ | 48,180,993 | |
| Nov 26, 2008 | 0.88 | = | 13.57 | ÷ | 15.36 | 15.36 | = | 744,842 | ÷ | 48,477,989 | |
| Nov 28, 2007 | 2.31 | = | 37.72 | ÷ | 16.35 | 16.35 | = | 822,236 | ÷ | 50,299,240 | |
| Dec 8, 2006 | 2.90 | = | 41.49 | ÷ | 14.28 | 14.28 | = | 825,365 | ÷ | 57,788,824 | |
| Dec 14, 2005 | 3.58 | = | 44.30 | ÷ | 12.39 | 12.39 | = | 798,671 | ÷ | 64,484,661 |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Fair Isaac Corp. Annual Report.
An analysis of the Price-to-Sales (P/S) ratio over the period from 2005 to 2024 reveals three distinct phases: a period of valuation contraction, a phase of steady recovery, and a subsequent era of exponential multiple expansion.
- Valuation Contraction (2005–2008)
- The P/S ratio experienced a significant decline, falling from 3.58 in 2005 to a period low of 0.88 in 2008. This contraction was primarily driven by a sharp decrease in share price, which dropped from $44.30 to $13.57, while sales per share remained relatively resilient, peaking at $16.35 in 2007 before a slight dip.
- Steady Recovery and Growth (2009–2018)
- Beginning in 2009, the P/S ratio entered a period of consistent ascent, rising from 1.48 to 5.51 by 2018. During this interval, growth was balanced between increasing sales per share—which rose from $13.09 to $35.66—and a recovering share price, indicating a gradual improvement in both fundamental performance and market sentiment.
- Exponential Valuation Expansion (2019–2024)
- A pronounced acceleration in the P/S ratio occurred after 2018, surging from 5.51 to 29.64 by November 2024. While sales per share continued to grow, increasing from $40.06 in 2019 to $70.54 in 2024, the share price grew at a far more aggressive rate, climbing from $331.59 to $2,090.63. This divergence suggests a substantial rerating of the company's valuation multiple rather than growth driven solely by revenue increases.
- Fundamental Revenue Trends
- Sales per share demonstrated a consistent long-term upward trajectory, growing from $12.39 in 2005 to $70.54 in 2024. The steady increase in revenue per share provided a fundamental floor during the 2008 downturn and supported the valuation expansion in later years, although the market's pricing of those sales shifted from a conservative multiple to a high-growth premium.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Fair Isaac Corp., P/S, long-term trends, comparison to competitors
| Fair Isaac Corp. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 6, 2024 | 29.64 | 3.48 | 8.27 | 23.14 | 15.26 | 16.12 | 3.81 | 10.72 | 12.82 | 7.44 | 102.00 | 13.62 | 8.45 | 18.99 | 12.45 | 9.61 |
| Nov 8, 2023 | 15.36 | 2.98 | 13.88 | 6.14 | 20.02 | 20.19 | 2.73 | 10.72 | 11.60 | 6.63 | 23.27 | 10.87 | 5.84 | 17.52 | 14.75 | 7.71 |
| Nov 9, 2022 | 8.05 | 2.56 | 8.95 | 1.80 | 14.23 | 14.64 | 1.94 | 9.30 | 10.40 | 4.25 | 9.34 | 9.62 | 7.40 | 12.75 | 10.03 | 11.19 |
| Nov 10, 2021 | 8.08 | 4.28 | 14.94 | 5.99 | 12.55 | 49.25 | 1.94 | 16.09 | 12.81 | 5.38 | 15.58 | 10.72 | 9.24 | 19.02 | 13.22 | 13.95 |
| Nov 12, 2020 | 10.38 | 3.26 | 17.04 | — | 13.85 | 49.57 | 1.47 | 11.78 | 10.85 | 4.33 | 39.86 | 6.66 | 8.88 | 25.66 | 10.08 | 10.65 |
| Nov 8, 2019 | 8.28 | 2.72 | 15.11 | — | 8.56 | 36.28 | 1.63 | 11.05 | 8.38 | 4.74 | — | 7.06 | 9.00 | 19.36 | 6.27 | 14.75 |
| Nov 9, 2018 | 5.51 | 2.35 | 13.23 | — | 7.53 | — | 1.56 | 9.52 | 7.51 | 4.41 | — | 9.75 | 8.89 | 16.63 | 4.10 | 13.73 |
| Nov 9, 2017 | 4.95 | 2.45 | 13.32 | — | 5.85 | — | 1.82 | 6.99 | 6.19 | 5.56 | — | 7.49 | 6.96 | 14.55 | 4.80 | 11.06 |
| Nov 10, 2016 | 3.97 | 2.13 | 9.34 | — | 4.53 | — | 2.12 | 6.17 | 5.13 | 4.45 | — | 9.69 | 7.09 | 10.50 | 3.71 | 12.08 |
| Nov 10, 2015 | 3.23 | 2.11 | 9.27 | — | 3.73 | — | 1.56 | 5.56 | 3.99 | 4.66 | — | 16.88 | 7.82 | 8.69 | 3.07 | 19.97 |
| Nov 10, 2014 | 2.88 | 1.61 | 8.59 | — | 3.42 | — | 1.76 | 5.32 | 4.10 | 4.67 | — | 13.17 | 9.54 | 16.81 | 3.15 | 35.87 |
| Nov 12, 2013 | 2.64 | 1.64 | 7.45 | — | 2.96 | — | 1.91 | 4.47 | 3.41 | 3.75 | — | 8.38 | 8.92 | 22.61 | 3.12 | 37.91 |
| Nov 16, 2012 | 2.13 | 1.54 | 4.30 | — | 3.02 | — | 2.12 | 4.27 | 3.32 | 3.66 | — | 17.50 | 8.91 | 19.84 | 2.76 | — |
| Nov 18, 2011 | 1.98 | 1.47 | 3.65 | — | 2.81 | — | 2.15 | 3.71 | 3.32 | 4.60 | — | — | 9.79 | — | 2.52 | — |
| Nov 23, 2010 | 1.55 | 1.36 | 4.50 | — | 2.76 | — | 1.98 | 4.12 | 3.57 | 4.04 | — | — | 7.35 | — | 2.93 | — |
| Nov 24, 2009 | 1.48 | 1.20 | 6.12 | — | 1.81 | — | 1.72 | 2.81 | 3.63 | 4.63 | — | — | 3.52 | — | 2.33 | — |
| Nov 26, 2008 | 0.88 | 0.92 | 2.88 | — | 1.01 | — | 1.12 | 3.21 | 3.89 | 4.79 | — | — | 9.52 | — | 1.93 | — |
| Nov 28, 2007 | 2.31 | 1.41 | 6.24 | — | 1.91 | — | 1.60 | 3.61 | 20.52 | 5.60 | — | — | 9.94 | — | 3.16 | — |
| Dec 8, 2006 | 2.90 | 1.44 | 8.78 | — | 3.95 | — | 1.55 | 4.87 | 17.98 | 5.51 | — | — | 13.93 | — | 3.54 | — |
| Dec 14, 2005 | 3.58 | 1.32 | 11.84 | — | 3.86 | — | 1.38 | 3.94 | 21.64 | 5.80 | — | — | 8.64 | — | 3.15 | — |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Software & Services)
Fair Isaac Corp., P/S, long-term trends, comparison to sector (software & services)
| Fair Isaac Corp. | Software & Services | |
|---|---|---|
| Nov 6, 2024 | 29.64 | 10.31 |
| Nov 8, 2023 | 15.36 | 8.76 |
| Nov 9, 2022 | 8.05 | 7.38 |
| Nov 10, 2021 | 8.08 | 9.45 |
| Nov 12, 2020 | 10.38 | 7.72 |
| Nov 8, 2019 | 8.28 | 6.11 |
| Nov 9, 2018 | 5.51 | 5.24 |
| Nov 9, 2017 | 4.95 | 4.65 |
| Nov 10, 2016 | 3.97 | 3.95 |
| Nov 10, 2015 | 3.23 | 3.41 |
| Nov 10, 2014 | 2.88 | 3.34 |
| Nov 12, 2013 | 2.64 | 2.89 |
| Nov 16, 2012 | 2.13 | 2.79 |
| Nov 18, 2011 | 1.98 | 2.85 |
| Nov 23, 2010 | 1.55 | 2.73 |
| Nov 24, 2009 | 1.48 | 2.61 |
| Nov 26, 2008 | 0.88 | 2.31 |
| Nov 28, 2007 | 2.31 | 6.95 |
| Dec 8, 2006 | 2.90 | 6.20 |
| Dec 14, 2005 | 3.58 | 6.73 |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Information Technology)
Fair Isaac Corp., P/S, long-term trends, comparison to industry (information technology)
| Fair Isaac Corp. | Information Technology | |
|---|---|---|
| Nov 6, 2024 | 29.64 | 9.30 |
| Nov 8, 2023 | 15.36 | 7.31 |
| Nov 9, 2022 | 8.05 | 6.01 |
| Nov 10, 2021 | 8.08 | 6.98 |
| Nov 12, 2020 | 10.38 | 6.11 |
| Nov 8, 2019 | 8.28 | 4.62 |
| Nov 9, 2018 | 5.51 | 4.31 |
| Nov 9, 2017 | 4.95 | 4.18 |
| Nov 10, 2016 | 3.97 | 3.46 |
| Nov 10, 2015 | 3.23 | 3.03 |
| Nov 10, 2014 | 2.88 | 3.31 |
| Nov 12, 2013 | 2.64 | 2.85 |
| Nov 16, 2012 | 2.13 | 2.88 |
| Nov 18, 2011 | 1.98 | 2.84 |
| Nov 23, 2010 | 1.55 | 3.04 |
| Nov 24, 2009 | 1.48 | 3.11 |
| Nov 26, 2008 | 0.88 | 2.38 |
| Nov 28, 2007 | 2.31 | 5.73 |
| Dec 8, 2006 | 2.90 | 5.21 |
| Dec 14, 2005 | 3.58 | 5.62 |
Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).