Price to Sales (P/S)
since 2005
Calculation
Stryker Corp., 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 11, 2022 | 5.55 | = | 251.65 | ÷ | 45.31 | 45.31 | = | 17,108 | ÷ | 377,544,686 | |
| Feb 11, 2021 | 6.43 | = | 245.34 | ÷ | 38.15 | 38.15 | = | 14,351 | ÷ | 376,200,942 | |
| Feb 6, 2020 | 5.49 | = | 218.24 | ÷ | 39.74 | 39.74 | = | 14,884 | ÷ | 374,575,145 | |
| Feb 7, 2019 | 4.95 | = | 180.75 | ÷ | 36.50 | 36.50 | = | 13,601 | ÷ | 372,664,636 | |
| Feb 8, 2018 | 4.46 | = | 148.01 | ÷ | 33.22 | 33.22 | = | 12,444 | ÷ | 374,642,060 | |
| Feb 9, 2017 | 4.06 | = | 123.32 | ÷ | 30.37 | 30.37 | = | 11,325 | ÷ | 372,878,298 | |
| Feb 11, 2016 | 3.61 | = | 96.16 | ÷ | 26.67 | 26.67 | = | 9,946 | ÷ | 372,982,213 | |
| Feb 12, 2015 | 3.66 | = | 93.37 | ÷ | 25.54 | 25.54 | = | 9,675 | ÷ | 378,749,951 | |
| Feb 13, 2014 | 3.47 | = | 82.75 | ÷ | 23.87 | 23.87 | = | 9,021 | ÷ | 377,870,936 | |
| Feb 27, 2013 | 2.80 | = | 63.66 | ÷ | 22.75 | 22.75 | = | 8,657 | ÷ | 380,512,172 | |
| Feb 13, 2012 | 2.47 | = | 53.87 | ÷ | 21.80 | 21.80 | = | 8,307 | ÷ | 381,020,353 | |
| Feb 18, 2011 | 3.37 | = | 63.00 | ÷ | 18.71 | 18.71 | = | 7,320 | ÷ | 391,246,163 | |
| Feb 26, 2010 | 3.14 | = | 53.10 | ÷ | 16.89 | 16.89 | = | 6,723 | ÷ | 398,051,370 | |
| Feb 20, 2009 | 2.36 | = | 40.03 | ÷ | 16.94 | 16.94 | = | 6,718 | ÷ | 396,531,769 | |
| Feb 28, 2008 | 4.53 | = | 66.04 | ÷ | 14.59 | 14.59 | = | 6,001 | ÷ | 411,183,514 | |
| Feb 28, 2007 | 4.69 | = | 62.02 | ÷ | 13.23 | 13.23 | = | 5,406 | ÷ | 408,450,841 | |
| Mar 7, 2006 | 3.82 | = | 45.81 | ÷ | 12.00 | 12.00 | = | 4,872 | ÷ | 405,842,341 |
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 Stryker Corp. Annual Report.
- Share Price Trend
- The share price experienced considerable volatility over the observed period. Initially, it increased from $45.81 in early 2006 to a peak of $66.04 by early 2008. This was followed by a sharp decline to $40.03 in early 2009. Subsequently, the share price trended upwards, reaching $251.65 by early 2022, demonstrating significant growth especially after 2014, with occasional fluctuations along the way.
- Sales per Share Trend
- Sales per share showed a generally steady increase throughout the entire period. Starting at $12 in early 2006, sales per share rose consistently to $45.31 by early 2022. There was a minor decrease observed in early 2021 when sales per share declined slightly from $39.74 in 2020 to $38.15, but this was followed by a recovery in the subsequent year. Overall, the growth in sales per share was robust and sustained.
- Price-to-Sales (P/S) Ratio Trend
- The P/S ratio exhibited significant fluctuations. It began at 3.82 in early 2006, peaked at 4.69 in 2007, then dropped to a low of 2.36 in early 2009. Following the financial downturn, the P/S ratio gradually increased, reaching a high of 6.43 in early 2021 before decreasing slightly to 5.55 in early 2022. This indicates varying market valuation relative to sales, with the market generally valuing sales at a higher multiple over time, especially post-2010.
- Overall Insights
- The data reflects a company that experienced a significant market price dip coinciding with the 2008-2009 financial crisis, followed by a strong recovery and growth phase. The increase in sales per share was consistent and largely uninterrupted, underpinning the company's growth fundamentals. The P/S ratio trend suggests that the market's valuation of the company's sales increased over time, peaking in 2021, which could indicate increasing investor confidence or expectations of future growth during that period. The slight decline in sales per share and P/S ratio in 2021-2022 may suggest a period of market correction or operational challenges.
Comparison to Competitors
Stryker Corp., P/S, long-term trends, comparison to competitors
| Stryker Corp. | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|
| Feb 11, 2022 | 5.55 | 4.78 | 0.47 | 0.81 | 17.89 | 5.57 | 1.58 |
| Feb 11, 2021 | 6.43 | 6.30 | 0.35 | 0.60 | 21.29 | 4.36 | 1.24 |
| Feb 6, 2020 | 5.49 | 4.83 | 0.37 | 0.74 | 15.01 | 4.36 | 1.18 |
| Feb 7, 2019 | 4.95 | 4.37 | 0.39 | 0.88 | 16.06 | 3.92 | 1.12 |
| Feb 8, 2018 | 4.46 | 3.84 | 0.38 | 0.67 | 14.97 | 4.06 | 1.10 |
| Feb 9, 2017 | 4.06 | 3.70 | 0.45 | 0.51 | 10.11 | 4.07 | 0.83 |
| Feb 11, 2016 | 3.61 | 2.78 | 0.65 | 0.42 | 8.46 | 5.36 | 0.68 |
| Feb 12, 2015 | 3.66 | 3.53 | 0.82 | 0.54 | 8.80 | 3.74 | 0.80 |
| Feb 13, 2014 | 3.47 | 2.74 | 0.64 | 0.35 | 6.76 | 3.13 | 0.57 |
| Feb 27, 2013 | 2.80 | 1.38 | 0.51 | 0.31 | 10.56 | 2.36 | 0.53 |
| Feb 13, 2012 | 2.47 | 2.27 | 0.54 | 0.37 | 11.00 | 2.60 | 0.55 |
| Feb 18, 2011 | 3.37 | 2.06 | 0.47 | 0.44 | 9.15 | 2.48 | 0.50 |
| Feb 26, 2010 | 3.14 | 2.74 | 0.48 | 0.43 | 12.01 | 2.54 | 0.44 |
| Feb 20, 2009 | 2.36 | 2.83 | 0.43 | 0.33 | 5.14 | 4.30 | 0.43 |
| Feb 28, 2008 | 4.53 | 3.31 | 0.76 | 0.67 | 19.21 | 4.74 | 0.81 |
| Feb 28, 2007 | 4.69 | 3.68 | 0.60 | 0.89 | 11.23 | 4.81 | 1.03 |
| Mar 7, 2006 | 3.82 | 3.02 | 0.68 | 1.14 | 15.19 | 6.30 | 1.78 |
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 (Health Care Equipment & Services)
Stryker Corp., P/S, long-term trends, comparison to sector (health care equipment & services)
| Stryker Corp. | Health Care Equipment & Services | |
|---|---|---|
| Feb 11, 2022 | 5.55 | 1.48 |
| Feb 11, 2021 | 6.43 | 1.29 |
| Feb 6, 2020 | 5.49 | 1.21 |
| Feb 7, 2019 | 4.95 | 1.25 |
| Feb 8, 2018 | 4.46 | 1.16 |
| Feb 9, 2017 | 4.06 | 1.00 |
| Feb 11, 2016 | 3.61 | 0.98 |
| Feb 12, 2015 | 3.66 | 1.08 |
| Feb 13, 2014 | 3.47 | 0.84 |
| Feb 27, 2013 | 2.80 | 0.73 |
| Feb 13, 2012 | 2.47 | 0.88 |
| Feb 18, 2011 | 3.37 | 0.80 |
| Feb 26, 2010 | 3.14 | 0.84 |
| Feb 20, 2009 | 2.36 | 0.87 |
| Feb 28, 2008 | 4.53 | 1.26 |
| Feb 28, 2007 | 4.69 | 1.42 |
| Mar 7, 2006 | 3.82 | 1.82 |
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 Industry (Health Care)
Stryker Corp., P/S, long-term trends, comparison to industry (health care)
| Stryker Corp. | Health Care | |
|---|---|---|
| Feb 11, 2022 | 5.55 | 2.65 |
| Feb 11, 2021 | 6.43 | 2.59 |
| Feb 6, 2020 | 5.49 | 2.51 |
| Feb 7, 2019 | 4.95 | 2.51 |
| Feb 8, 2018 | 4.46 | 2.49 |
| Feb 9, 2017 | 4.06 | 2.29 |
| Feb 11, 2016 | 3.61 | 2.30 |
| Feb 12, 2015 | 3.66 | 2.62 |
| Feb 13, 2014 | 3.47 | 2.38 |
| Feb 27, 2013 | 2.80 | 1.87 |
| Feb 13, 2012 | 2.47 | 1.66 |
| Feb 18, 2011 | 3.37 | 1.57 |
| Feb 26, 2010 | 3.14 | 1.77 |
| Feb 20, 2009 | 2.36 | 1.47 |
| Feb 28, 2008 | 4.53 | 2.14 |
| Feb 28, 2007 | 4.69 | 2.60 |
| Mar 7, 2006 | 3.82 | 2.90 |
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).