Castle Price To Sales Ratio from 2010 to 2024
| CSTL Stock | USD 32.26 0.39 1.22% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 2.63156842 | Current Value 2.5 | Quarterly Volatility 5.54527182 |
Check Castle Biosciences financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Castle Biosciences' main balance sheet or income statement drivers, such as Tax Provision of 125 K, Net Interest Income of 10.3 M or Interest Income of 10.3 M, as well as many indicators such as Price To Sales Ratio of 2.5, Dividend Yield of 0.0 or PTB Ratio of 1.55. Castle financial statements analysis is a perfect complement when working with Castle Biosciences Valuation or Volatility modules.
Castle | Price To Sales Ratio |
Latest Castle Biosciences' Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Castle Biosciences over the last few years. Price to Sales Ratio is figured by comparing Castle Biosciences stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Castle Biosciences sales, a figure that is much harder to manipulate than other Castle Biosciences 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. Castle Biosciences' Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Castle Biosciences' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 3.07 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
Castle Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 11.92 | |
| Geometric Mean | 10.08 | |
| Coefficient Of Variation | 46.51 | |
| Mean Deviation | 4.64 | |
| Median | 15.22 | |
| Standard Deviation | 5.55 | |
| Sample Variance | 30.75 | |
| Range | 17.7889 | |
| R-Value | (0.70) | |
| Mean Square Error | 16.96 | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | (0.87) | |
| Total Sum of Squares | 430.50 |
Castle Price To Sales Ratio History
About Castle Biosciences Financial Statements
Castle Biosciences investors utilize fundamental indicators, such as Price To Sales Ratio, to predict how Castle Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 2.63 | 2.50 |
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Is Biotechnology space 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 Castle Biosciences. If investors know Castle 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 Castle Biosciences 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 (0.93) | Earnings Share (0.12) | Revenue Per Share 10.554 | Quarterly Revenue Growth 0.735 | Return On Assets (0.02) |
The market value of Castle Biosciences is measured differently than its book value, which is the value of Castle that is recorded on the company's balance sheet. Investors also form their own opinion of Castle Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Castle Biosciences' 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 Castle Biosciences' market value can be influenced by many factors that don't directly affect Castle Biosciences' 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 Castle Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Castle Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Castle Biosciences' 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.