CVS Price To Sales Ratio from 2010 to 2024
| CVS Stock | USD 68.60 0.43 0.62% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.28359532 | Current Value 0.27 | Quarterly Volatility 0.18781761 |
Check CVS Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CVS main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.6 B, Interest Expense of 2.8 B or Selling General Administrative of 45.2 B, as well as many exotic indicators such as Price To Sales Ratio of 0.27, Dividend Yield of 0.0243 or PTB Ratio of 1.26. CVS financial statements analysis is a perfect complement when working with CVS Health Valuation or Volatility modules.
CVS | Price To Sales Ratio |
Latest CVS Health's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of CVS Health Corp over the last few years. Price to Sales Ratio is figured by comparing CVS Health Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on CVS Health sales, a figure that is much harder to manipulate than other CVS Health Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. CVS Health's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CVS Health's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.24 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
CVS Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 0.49 | |
| Geometric Mean | 0.46 | |
| Coefficient Of Variation | 38.02 | |
| Mean Deviation | 0.15 | |
| Median | 0.47 | |
| Standard Deviation | 0.19 | |
| Sample Variance | 0.04 | |
| Range | 0.5922 | |
| R-Value | (0.78) | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.61 | |
| Significance | 0.0006 | |
| Slope | (0.03) | |
| Total Sum of Squares | 0.49 |
CVS Price To Sales Ratio History
About CVS Health Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CVS Health income statement, its balance sheet, and the statement of cash flows. CVS Health investors use historical funamental indicators, such as CVS Health's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although CVS Health investors may use each financial statement separately, they are all related. The changes in CVS Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CVS Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CVS Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CVS Health. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 0.28 | 0.27 |
Pair Trading with CVS Health
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CVS Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CVS Health will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CVS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVS Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CVS Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CVS Health Corp to buy it.
The correlation of CVS Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CVS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS Health Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CVS Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of CVS Health Correlation against competitors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for CVS Stock analysis
When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |
Is CVS Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CVS Health. If investors know CVS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CVS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Dividend Share 2.42 | Earnings Share 6.47 | Revenue Per Share 277.528 | Quarterly Revenue Growth 0.12 |
The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CVS Health's market value can be influenced by many factors that don't directly affect CVS Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.