Price to Sales (P/S)
since 2005
Calculation
Ford Motor Co., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Company revenues excluding Ford Credit1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 6, 2025 | 0.21 | = | 9.26 | ÷ | 43.57 | 43.57 | = | 172,706 | ÷ | 3,963,447,704 | |
| Feb 7, 2024 | 0.31 | = | 12.80 | ÷ | 41.75 | 41.75 | = | 165,901 | ÷ | 3,973,633,108 | |
| Feb 3, 2023 | 0.35 | = | 13.23 | ÷ | 37.37 | 37.37 | = | 148,980 | ÷ | 3,986,181,861 | |
| Feb 4, 2022 | 0.57 | = | 17.96 | ÷ | 31.50 | 31.50 | = | 126,150 | ÷ | 4,004,247,552 | |
| Feb 5, 2021 | 0.40 | = | 11.51 | ÷ | 29.13 | 29.13 | = | 115,885 | ÷ | 3,978,695,017 | |
| Feb 5, 2020 | 0.23 | = | 8.31 | ÷ | 36.22 | 36.22 | = | 143,599 | ÷ | 3,964,930,325 | |
| Feb 21, 2019 | 0.23 | = | 8.71 | ÷ | 37.27 | 37.27 | = | 148,294 | ÷ | 3,978,551,737 | |
| Feb 8, 2018 | 0.28 | = | 10.43 | ÷ | 36.66 | 36.66 | = | 145,653 | ÷ | 3,973,351,656 | |
| Feb 9, 2017 | 0.35 | = | 12.38 | ÷ | 35.62 | 35.62 | = | 141,546 | ÷ | 3,974,297,169 | |
| Feb 11, 2016 | 0.32 | = | 11.17 | ÷ | 35.41 | 35.41 | = | 140,566 | ÷ | 3,969,513,255 | |
| Feb 13, 2015 | 0.47 | = | 16.30 | ÷ | 34.32 | 34.32 | = | 135,782 | ÷ | 3,955,941,825 | |
| Feb 18, 2014 | 0.44 | = | 15.39 | ÷ | 35.34 | 35.34 | = | 139,369 | ÷ | 3,943,822,377 | |
| Feb 19, 2013 | 0.40 | = | 12.99 | ÷ | 32.27 | 32.27 | = | 126,567 | ÷ | 3,922,247,667 | |
| Feb 21, 2012 | 0.37 | = | 12.53 | ÷ | 33.72 | 33.72 | = | 128,168 | ÷ | 3,800,746,841 | |
| Feb 28, 2011 | 0.48 | = | 15.05 | ÷ | 31.53 | 31.53 | = | 119,280 | ÷ | 3,782,710,935 | |
| Feb 25, 2010 | 0.37 | = | 11.78 | ÷ | 31.44 | 31.44 | = | 105,893 | ÷ | 3,368,265,681 | |
| Feb 26, 2009 | 0.04 | = | 1.98 | ÷ | 53.90 | 53.90 | = | 129,166 | ÷ | 2,396,320,837 | |
| Feb 27, 2008 | 0.09 | = | 6.60 | ÷ | 69.95 | 69.95 | = | 154,379 | ÷ | 2,207,002,130 | |
| Feb 28, 2007 | 0.10 | = | 7.91 | ÷ | 75.72 | 75.72 | = | 143,307 | ÷ | 1,892,538,498 | |
| Mar 1, 2006 | 0.10 | = | 7.95 | ÷ | 82.35 | 82.35 | = | 153,503 | ÷ | 1,864,138,469 |
Based on: 10-K (reporting date: 2024-12-31), 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 Ford Motor Co. Annual Report.
The analyzed data reveals significant fluctuations in the share price, sales per share, and the price-to-sales (P/S) ratio over the examined periods.
- Share Price
- The share price showed a general decline from 2006 to early 2009, reaching a low near 1.98 USD in February 2009. Following this, there was a notable recovery and growth phase peaking around 16.3 USD in early 2015. Afterward, the price exhibited volatility with a downward trend returning to levels between approximately 8 to 13 USD in the subsequent years. By early 2025, the share price decreased again to about 9.26 USD, suggesting renewed pressure on the stock valuation.
- Sales per Share
- Sales per share demonstrated a decreasing trend from 82.35 USD in 2006 to a minimum near 29.13 USD in early 2021. Despite this decline, a gradual recovery was observed starting in 2022, with sales per share increasing to over 43 USD by early 2025. This pattern indicates a contraction followed by a modest growth in underlying sales performance at the per-share level.
- Price-to-Sales (P/S) Ratio
- The P/S ratio started very low at around 0.1 in the early years, decreasing further to a trough of approximately 0.04 in 2009, coinciding with the share price low, which reflects severely depressed valuations relative to sales. Post-2009, the ratio improved markedly, peaking at 0.57 in 2022, indicating a rising valuation premium against sales. However, after this peak, the ratio trended downwards to 0.21 by 2025, signaling a reversion to more conservative valuation levels.
Overall, the data illustrates a period of significant market stress around 2008-2009, reflected in the low points of share price and valuation multiples. Subsequent years showed recovery in both market price and valuation multiples despite ongoing volatility. Sales per share faced a downward trajectory through much of the period but showed signs of stabilization and improvement after 2021. The fluctuations in the P/S ratio highlight changing investor sentiment and valuation expectations relative to the company’s sales performance over time.
Comparison to Competitors
Ford Motor Co., P/S, long-term trends, comparison to competitors
| Ford Motor Co. | General Motors Co. | Tesla Inc. | |
|---|---|---|---|
| Feb 6, 2025 | 0.21 | 0.29 | 13.18 |
| Feb 7, 2024 | 0.31 | 0.28 | 6.28 |
| Feb 3, 2023 | 0.35 | 0.38 | 6.73 |
| Feb 4, 2022 | 0.57 | 0.68 | 17.42 |
| Feb 5, 2021 | 0.40 | 0.73 | 26.28 |
| Feb 5, 2020 | 0.23 | 0.41 | 5.93 |
| Feb 21, 2019 | 0.23 | 0.42 | 2.46 |
| Feb 8, 2018 | 0.28 | 0.44 | 5.06 |
| Feb 9, 2017 | 0.35 | 0.34 | 5.77 |
| Feb 11, 2016 | 0.32 | 0.31 | 5.84 |
| Feb 13, 2015 | 0.47 | 0.38 | 8.15 |
| Feb 18, 2014 | 0.44 | 0.37 | 15.48 |
| Feb 19, 2013 | 0.40 | 0.25 | 10.60 |
| Feb 21, 2012 | 0.37 | 0.28 | 17.21 |
| Feb 28, 2011 | 0.48 | 0.38 | 19.84 |
| Feb 25, 2010 | 0.37 | — | — |
| Feb 26, 2009 | 0.04 | — | — |
| Feb 27, 2008 | 0.09 | — | — |
| Feb 28, 2007 | 0.10 | — | — |
| Mar 1, 2006 | 0.10 | — | — |
Based on: 10-K (reporting date: 2024-12-31), 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 (Automobiles & Components)
Ford Motor Co., P/S, long-term trends, comparison to sector (automobiles & components)
| Ford Motor Co. | Automobiles & Components | |
|---|---|---|
| Feb 6, 2025 | 0.21 | 3.11 |
| Feb 7, 2024 | 0.31 | 1.67 |
| Feb 3, 2023 | 0.35 | 1.75 |
| Feb 4, 2022 | 0.57 | 3.70 |
| Feb 5, 2021 | 0.40 | 3.72 |
| Feb 5, 2020 | 0.23 | 0.79 |
| Feb 21, 2019 | 0.23 | 0.47 |
| Feb 8, 2018 | 0.28 | 0.55 |
| Feb 9, 2017 | 0.35 | 0.47 |
| Feb 11, 2016 | 0.32 | 0.39 |
| Feb 13, 2015 | 0.47 | 0.51 |
| Feb 18, 2014 | 0.44 | 0.50 |
| Feb 19, 2013 | 0.40 | 0.34 |
| Feb 21, 2012 | 0.37 | 0.33 |
| Feb 28, 2011 | 0.48 | 0.43 |
| Feb 25, 2010 | 0.37 | 0.37 |
| Feb 26, 2009 | 0.04 | 0.04 |
| Feb 27, 2008 | 0.09 | 0.09 |
| Feb 28, 2007 | 0.10 | 0.10 |
| Mar 1, 2006 | 0.10 | 0.10 |
Based on: 10-K (reporting date: 2024-12-31), 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 (Consumer Discretionary)
Ford Motor Co., P/S, long-term trends, comparison to industry (consumer discretionary)
| Ford Motor Co. | Consumer Discretionary | |
|---|---|---|
| Feb 6, 2025 | 0.21 | 9.87 |
| Feb 7, 2024 | 0.31 | 2.62 |
| Feb 3, 2023 | 0.35 | 2.27 |
| Feb 4, 2022 | 0.57 | 3.56 |
| Feb 5, 2021 | 0.40 | 3.77 |
| Feb 5, 2020 | 0.23 | 2.33 |
| Feb 21, 2019 | 0.23 | 2.05 |
| Feb 8, 2018 | 0.28 | 2.06 |
| Feb 9, 2017 | 0.35 | 1.68 |
| Feb 11, 2016 | 0.32 | 1.57 |
| Feb 13, 2015 | 0.47 | 1.32 |
| Feb 18, 2014 | 0.44 | 1.33 |
| Feb 19, 2013 | 0.40 | 1.06 |
| Feb 21, 2012 | 0.37 | 0.97 |
| Feb 28, 2011 | 0.48 | 0.96 |
| Feb 25, 2010 | 0.37 | 0.92 |
| Feb 26, 2009 | 0.04 | 0.66 |
| Feb 27, 2008 | 0.09 | 0.79 |
| Feb 28, 2007 | 0.10 | 0.86 |
| Mar 1, 2006 | 0.10 | 0.79 |
Based on: 10-K (reporting date: 2024-12-31), 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).