Price to Sales (P/S)
since 2005
Calculation
Johnson Controls International plc, P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 14, 2023 | 1.37 | = | 54.10 | ÷ | 39.36 | 39.36 | = | 26,793 | ÷ | 680,673,839 | |
| Nov 15, 2022 | 1.80 | = | 66.40 | ÷ | 36.84 | 36.84 | = | 25,299 | ÷ | 686,703,889 | |
| Nov 15, 2021 | 2.33 | = | 78.33 | ÷ | 33.60 | 33.60 | = | 23,668 | ÷ | 704,332,395 | |
| Nov 16, 2020 | 1.47 | = | 45.36 | ÷ | 30.83 | 30.83 | = | 22,317 | ÷ | 723,907,803 | |
| Nov 21, 2019 | 1.36 | = | 42.23 | ÷ | 31.07 | 31.07 | = | 23,968 | ÷ | 771,419,761 | |
| Nov 20, 2018 | 0.98 | = | 33.34 | ÷ | 33.98 | 33.98 | = | 31,400 | ÷ | 924,058,960 | |
| Nov 21, 2017 | 1.10 | = | 36.00 | ÷ | 32.60 | 32.60 | = | 30,172 | ÷ | 925,435,012 | |
| Nov 23, 2016 | 1.13 | = | 45.61 | ÷ | 40.22 | 40.22 | = | 37,674 | ÷ | 936,718,105 | |
| Nov 18, 2015 | 0.62 | = | 35.84 | ÷ | 57.40 | 57.40 | = | 37,179 | ÷ | 647,676,732 | |
| Nov 19, 2014 | 0.65 | = | 41.62 | ÷ | 64.29 | 64.29 | = | 42,828 | ÷ | 666,188,889 | |
| Nov 21, 2013 | 0.60 | = | 37.68 | ÷ | 62.36 | 62.36 | = | 42,730 | ÷ | 685,160,911 | |
| Nov 19, 2012 | 0.44 | = | 27.00 | ÷ | 61.36 | 61.36 | = | 41,955 | ÷ | 683,797,753 | |
| Nov 22, 2011 | 0.76 | = | 45.44 | ÷ | 60.01 | 60.01 | = | 40,833 | ÷ | 680,381,571 | |
| Nov 23, 2010 | 0.74 | = | 37.43 | ÷ | 50.87 | 50.87 | = | 34,305 | ÷ | 674,375,572 | |
| Nov 25, 2009 | 0.86 | = | 36.47 | ÷ | 42.46 | 42.46 | = | 28,497 | ÷ | 671,080,237 | |
| Nov 25, 2008 | 0.31 | = | 20.16 | ÷ | 64.06 | 64.06 | = | 38,062 | ÷ | 594,179,011 | |
| Nov 29, 2007 | 0.68 | = | 39.91 | ÷ | 58.31 | 58.31 | = | 34,624 | ÷ | 593,815,378 | |
| Dec 5, 2006 | 0.18 | = | 10.11 | ÷ | 54.88 | 54.88 | = | 32,235 | ÷ | 587,361,150 | |
| Dec 9, 2005 | 0.20 | = | 9.46 | ÷ | 47.47 | 47.47 | = | 27,479 | ÷ | 578,918,610 |
Based on: 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 Johnson Controls International plc Annual Report.
The analysis of the financial data over the examined period reveals several notable trends in share price, sales per share, and price-to-sales (P/S) ratio.
- Share Price
- The share price demonstrates considerable volatility throughout the years. From 2005 to 2007, it experienced a significant increase from $9.46 to $39.91, followed by a sharp decline to $20.16 in 2008. After this dip, the price generally trended upward, peaking at $78.33 in 2021. However, after the peak, the share price declined to $54.10 by the end of 2023. This pattern indicates periods of rapid growth interrupted by corrections, with a strong peak followed by moderate decline in recent years.
- Sales per Share
- Sales per share initially increased from $47.47 in 2005 to a high of $64.29 in 2014, indicating growth in sales efficiency or revenue generation per share. Thereafter, sales per share experienced a marked decrease, dropping to a low of $30.83 in 2020. A recovery trend appears from 2020 onward, rising to $39.36 by the end of 2023. The general trend suggests sales performance peaked mid-period, faced a downturn in the late 2010s, and has been gradually recovering more recently.
- Price-to-Sales Ratio (P/S)
- The P/S ratio displays fluctuations that generally correlate with movements in share price rather than sales per share. Starting at a low ratio of 0.2 in 2005, it climbed steadily with some volatility, reaching its highest level of 2.33 in 2021. Following this peak, the ratio declined to 1.37 by 2023. These movements indicate that the market valuation relative to sales has increased substantially over time, reflecting heightened investor expectations or market sentiment until the recent downward adjustment.
In summary, the share price and P/S ratio exhibit significant growth and volatility, with pronounced peaks around 2021 followed by declines in subsequent years. Sales per share shows a peak around mid-period with a subsequent drop and ongoing recovery. The data suggests that while sales experienced some weakness, market valuation expanded more rapidly, possibly reflecting external market factors or investor outlook adjustments during the most recent years.
Comparison to Competitors
Johnson Controls International plc, P/S, long-term trends, comparison to competitors
| Johnson Controls International plc | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 14, 2023 | 1.37 | 1.66 | 2.52 | 4.98 | 2.30 | 3.51 | 1.57 | 1.78 |
| Nov 15, 2022 | 1.80 | 1.90 | 2.27 | 3.31 | 1.20 | 3.78 | 1.78 | 2.14 |
| Nov 15, 2021 | 2.33 | 1.87 | 2.26 | 3.03 | 1.50 | 3.73 | 1.57 | 2.21 |
| Nov 16, 2020 | 1.47 | 1.96 | 2.83 | 2.96 | 1.41 | 4.34 | 1.40 | 1.95 |
| Nov 21, 2019 | 1.36 | 2.34 | 1.48 | 1.87 | 1.18 | 3.51 | 2.07 | 1.75 |
| Nov 20, 2018 | 0.98 | 2.26 | 1.47 | 1.58 | 0.82 | 2.59 | 1.58 | 1.56 |
| Nov 21, 2017 | 1.10 | 2.17 | 2.24 | 1.74 | 1.11 | 2.74 | 1.91 | 1.67 |
| Nov 23, 2016 | 1.13 | 1.06 | 1.62 | 1.65 | 2.39 | 2.36 | 1.59 | 1.55 |
| Nov 18, 2015 | 0.62 | 0.80 | 0.86 | 1.25 | 2.59 | 2.06 | 1.43 | 1.26 |
| Nov 19, 2014 | 0.65 | 1.15 | 0.99 | 1.49 | 2.45 | 2.03 | 1.34 | 1.67 |
| Nov 21, 2013 | 0.60 | 1.12 | 1.17 | 1.63 | 2.54 | 1.90 | 1.15 | 1.60 |
| Nov 19, 2012 | 0.44 | 0.70 | 0.99 | 1.79 | 2.39 | 1.46 | 0.60 | 1.43 |
| Nov 22, 2011 | 0.76 | 0.82 | 1.30 | 1.08 | 2.15 | 1.28 | 0.62 | 1.31 |
| Nov 23, 2010 | 0.74 | 0.83 | 1.63 | 1.33 | 2.20 | 1.36 | 0.61 | 1.44 |
| Nov 25, 2009 | 0.86 | 0.64 | 1.23 | 0.95 | 1.66 | 0.94 | 0.64 | 1.19 |
| Nov 25, 2008 | 0.31 | 0.51 | 0.33 | 0.39 | 1.02 | 0.66 | 0.64 | 0.77 |
| Nov 29, 2007 | 0.68 | 0.98 | 1.06 | 0.91 | 3.45 | 1.21 | 1.03 | 1.30 |
| Dec 5, 2006 | 0.18 | 1.17 | 1.12 | 0.96 | 3.54 | 1.22 | 1.08 | 1.44 |
| Dec 9, 2005 | 0.20 | 1.06 | 1.44 | 0.93 | 3.72 | 1.24 | 0.86 | 1.36 |
Based on: 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 (Capital Goods)
Johnson Controls International plc, P/S, long-term trends, comparison to sector (capital goods)
| Johnson Controls International plc | Capital Goods | |
|---|---|---|
| Dec 14, 2023 | 1.37 | 2.26 |
| Nov 15, 2022 | 1.80 | 2.09 |
| Nov 15, 2021 | 2.33 | 2.09 |
| Nov 16, 2020 | 1.47 | 2.11 |
| Nov 21, 2019 | 1.36 | 1.92 |
| Nov 20, 2018 | 0.98 | 1.62 |
| Nov 21, 2017 | 1.10 | 1.82 |
| Nov 23, 2016 | 1.13 | 1.76 |
| Nov 18, 2015 | 0.62 | 1.55 |
| Nov 19, 2014 | 0.65 | 1.66 |
| Nov 21, 2013 | 0.60 | 1.66 |
| Nov 19, 2012 | 0.44 | 1.37 |
| Nov 22, 2011 | 0.76 | 1.33 |
| Nov 23, 2010 | 0.74 | 1.45 |
| Nov 25, 2009 | 0.86 | 1.12 |
| Nov 25, 2008 | 0.31 | 0.71 |
| Nov 29, 2007 | 0.68 | 1.76 |
| Dec 5, 2006 | 0.18 | 1.91 |
| Dec 9, 2005 | 0.20 | 1.95 |
Based on: 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 (Industrials)
Johnson Controls International plc, P/S, long-term trends, comparison to industry (industrials)
| Johnson Controls International plc | Industrials | |
|---|---|---|
| Dec 14, 2023 | 1.37 | 2.06 |
| Nov 15, 2022 | 1.80 | 1.80 |
| Nov 15, 2021 | 2.33 | 2.07 |
| Nov 16, 2020 | 1.47 | 2.14 |
| Nov 21, 2019 | 1.36 | 1.77 |
| Nov 20, 2018 | 0.98 | 1.58 |
| Nov 21, 2017 | 1.10 | 1.71 |
| Nov 23, 2016 | 1.13 | 1.68 |
| Nov 18, 2015 | 0.62 | 1.48 |
| Nov 19, 2014 | 0.65 | 1.65 |
| Nov 21, 2013 | 0.60 | 1.57 |
| Nov 19, 2012 | 0.44 | 1.31 |
| Nov 22, 2011 | 0.76 | 1.27 |
| Nov 23, 2010 | 0.74 | 1.39 |
| Nov 25, 2009 | 0.86 | 1.09 |
| Nov 25, 2008 | 0.31 | 0.71 |
| Nov 29, 2007 | 0.68 | 1.62 |
| Dec 5, 2006 | 0.18 | 1.73 |
| Dec 9, 2005 | 0.20 | 1.80 |
Based on: 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).