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DEV INFORMATION TECHNOLOGY
PS (Price/Sales) Ratio

The Current P/S Ratio of DEV INFORMATION TECHNOLOGY is 1.64.

Share Price ₹120.1Apr 16,2024
Market Cap ₹270.2 Cr
Sales-TTM₹164.4 CrTTM-Consolidated Results
Price/Sales1.64xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of DEV INFORMATION TECHNOLOGY

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of DEV INFORMATION TECHNOLOGY is calculated as :

Current Market Cap [ ₹270.2 Cr] as on Apr 16,2024

(/) Sales [ ₹164.4 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.64x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for DEV INFORMATION TECHNOLOGY , the investors are currently willing to pay '1.64 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of DEV INFORMATION TECHNOLOGY !

The chart below summarizes the trend in P/S Ratio of DEV INFORMATION TECHNOLOGY over the last five years.

Historical PS (Price/Sales) ratio chart of DEV INFORMATION TECHNOLOGY


PS Ratio Performance Analysis for DEV INFORMATION TECHNOLOGY

- DEV INFORMATION TECHNOLOGY 's latest p/e ratio is 1.64x.

- DEV INFORMATION TECHNOLOGY 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.02x.

- DEV INFORMATION TECHNOLOGY 's operated at median p/e ratio of 0.73x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DEV INFORMATION TECHNOLOGY 's p/e ratio peaked in Mar2023 at 1.7x.

- DEV INFORMATION TECHNOLOGY 's p/e ratio hit its five-year low in Mar2020 of 0.53x.


How does DEV INFORMATION TECHNOLOGY 's P/S Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Sales (Cr)PS RatioMarket Cap (Cr)
DEV INFORMATION TECHNOLOGY 164.41.64270.2
TATA CONSULTANCY SERVICES LTD240,893.05.821,401,030.0
INFOSYS LTD153,189.03.83587,244.0
HCL TECHNOLOGIES LTD108,020.03.71400,618.0
WIPRO LTD90,742.32.58234,405.0
LTIMINDTREE LTD35,315.13.91138,108.0
TECH MAHINDRA LTD52,842.42.21116,820.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD6,201.110.9868,102.7
PERSISTENT SYSTEMS LTD9,485.56.2759,438.6
L&T TECHNOLOGY SERVICES LTD9,205.96.1156,234.1
TATA ELXSI LTD3,484.113.4646,886.1

IT - Software Industry Benchmark (Top 10) PS Analysis vs DEV INFORMATION TECHNOLOGY 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 1.64x
Max industry PS 13.46x
Median industry PS 3.91x
Average industry PS 5.50x



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