General Motors Co. (NYSE:GM)

The analysis of the financial indicators over the given time frame reveals distinct patterns in the share price, sales per share, and price-to-sales (P/S) ratio.

Share Price

The share price exhibited fluctuations over the period. Starting at $32.95 in early 2011, it declined to a low of $26.46 by early 2012. Subsequently, it rose steadily until reaching a peak of $41.86 in early 2018. After this peak, the price showed moderate volatility, falling to $35.03 in early 2020, then surging to $54.88 in early 2021. In the latest years, the price declined again to $39.32 in early 2023 and further to $38.15 in early 2024, before rebounding to $50.04 by early 2025. Overall, the share price demonstrates cyclical behavior with periods of growth interspersed with declines.

Sales per Share

Sales per share experienced a general upward trend across the years. Beginning at $86.7 in 2011, sales increased to a peak of $109.99 in early 2013, followed by a decline and fluctuation around mid-90s to mid-80s through 2014-2020. After 2020, there is a notable growth trend, with sales per share rising sharply from $75.42 in early 2021 to $172.47 projected for early 2025. This rise indicates improving revenue generation per share, particularly evident in the most recent years.

Price-to-Sales (P/S) Ratio

The P/S ratio began at 0.38 in 2011 and declined to a minimum of 0.25 by early 2013, reflecting a period when the share price did not keep pace with sales growth. Afterward, it increased to a peak of 0.73 in early 2021, showing that the market valuation relative to sales was highest at this point. However, following this peak, the P/S ratio decreased significantly to 0.28 by early 2024 and remained low at 0.29 by early 2025. The decline in P/S despite rising sales per share suggests a relative market undervaluation or share price not keeping pace with sales growth in the later years.

In summary, while sales per share have shown substantive growth, particularly from 2021 onward, the share price exhibited volatility with several peaks and troughs. The P/S ratio's peak in 2021 followed by a sharp decline suggests a changing investor perception regarding valuation relative to sales. The recent trends indicate expanding sales per share with a somewhat cautious or restrained market valuation relative to these sales increases.