Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Verizon Communications Inc., P/S, long-term trends, calculation

Microsoft Excel

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 Verizon Communications Inc. Annual Report.


Share Price Trend
The share price exhibited an overall upward trend from 2006 through early 2020. Starting at $34.39 in 2006, it climbed steadily with minor fluctuations, peaking at $58.20 in early 2020. Post-2020, the share price experienced a decline, dropping to $40.01 by early 2023 before stabilizing slightly around $40.53 in early 2025. This pattern indicates growth over the long term, interrupted by a notable decrease in recent years.
Sales Per Share Analysis
Sales per share increased from $25.66 in 2006 to a high of $40.53 in 2013, reflecting a consistent growth in sales over that period. However, after 2013, the sales per share experienced a sharp decline to $29.11 in 2014, followed by a relatively stable but modest trend fluctuating around the $30–32 range up to 2025. This suggests that while sales grew strongly in the earlier years, growth plateaued and slightly declined in later years.
Price-to-Sales (P/S) Ratio Insights
The P/S ratio decreased from 1.34 in 2006 to a low of 0.76 in 2010, reflecting a period where share prices grew more slowly than sales or sales outpaced the share price increase. After 2010, the P/S ratio steadily increased, reaching a peak of 1.83 in early 2020, suggesting increased market valuation relative to sales. However, post-2020, the P/S ratio declined substantially to 1.23 by early 2023, paralleling the drop in share price, and then remained relatively stable around 1.27 by 2025. This indicates a market revaluation period after 2020, with investor confidence potentially waning or sales growth not fully supporting stock prices.
Overall Observations
The data portrays a company with strong sales growth leading up to 2013, aligning with increasing share prices and valuation metrics. The subsequent period shows stabilization in sales per share with volatility in share price and valuation ratios, especially notable around the 2020–2023 timeframe, likely influenced by external market or company-specific factors. Recent years suggest cautious investor outlook reflected in a lower share price and P/S ratio relative to prior peaks, despite stable sales levels.

Comparison to Competitors


Comparison to Sector (Telecommunication Services)

Verizon Communications Inc., P/S, long-term trends, comparison to sector (telecommunication services)

Microsoft Excel

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 (Communication Services)

Verizon Communications Inc., P/S, long-term trends, comparison to industry (communication services)

Microsoft Excel

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).