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ONWARD TECHNOLOGIES
PS (Price/Sales) Ratio

The Current P/S Ratio of ONWARD TECHNOLOGIES is 2.24.

Share Price ₹472.8Apr 24,2024
Market Cap ₹1,063.7 Cr
Sales-TTM₹475.3 CrTTM-Consolidated Results
Price/Sales2.24xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of ONWARD TECHNOLOGIES

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 ONWARD TECHNOLOGIES is calculated as :

Current Market Cap [ ₹1,063.7 Cr] as on Apr 24,2024

(/) Sales [ ₹475.3 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 2.24x ]

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

Thus, for ONWARD TECHNOLOGIES , the investors are currently willing to pay '2.24 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 ONWARD TECHNOLOGIES !

The chart below summarizes the trend in P/S Ratio of ONWARD TECHNOLOGIES over the last five years.

Historical PS (Price/Sales) ratio chart of ONWARD TECHNOLOGIES


PS Ratio Performance Analysis for ONWARD TECHNOLOGIES

- ONWARD TECHNOLOGIES 's latest p/e ratio is 2.24x.

- ONWARD TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.10x.

- ONWARD TECHNOLOGIES 's operated at median p/e ratio of 0.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ONWARD TECHNOLOGIES 's p/e ratio peaked in Mar2022 at 2.58x.

- ONWARD TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2020 of 0.26x.


How does ONWARD TECHNOLOGIES 's P/S Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Sales (Cr)PS RatioMarket Cap (Cr)
ONWARD TECHNOLOGIES 475.32.241,063.7
TATA CONSULTANCY SERVICES LTD240,893.05.751,386,180.0
INFOSYS LTD153,671.03.87594,342.0
HCL TECHNOLOGIES LTD108,020.03.72401,527.0
WIPRO LTD89,760.32.68240,467.0
LTIMINDTREE LTD35,517.03.95140,161.0
TECH MAHINDRA LTD51,995.52.23115,858.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD6,373.010.0163,787.4
PERSISTENT SYSTEMS LTD9,821.65.4453,396.0
L&T TECHNOLOGY SERVICES LTD9,647.25.7455,328.8
TATA ELXSI LTD3,552.212.3343,812.1

IT - Software Industry Benchmark (Top 10) PS Analysis vs ONWARD TECHNOLOGIES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 2.23x
Max industry PS 12.33x
Median industry PS 3.95x
Average industry PS 5.27x



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