Smartsheet Stock Price To Sales

SMAR Stock

USD 55.87 0.07 0.13%

Smartsheet fundamentals help investors to digest information that contributes to Smartsheet's financial success or failures. It also enables traders to predict the movement of Smartsheet Stock. The fundamental analysis module provides a way to measure Smartsheet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Smartsheet stock.

		Last Reported	Projected for Next Year
	Price To Sales Ratio	6.31	6.00

As of 11/22/2024, Price To Sales Ratio is likely to drop to 6.00.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Smartsheet Company Price To Sales Analysis

Smartsheet's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

P/S

MV Per Share

Revenue Per Share

More About Price To Sales | All Equity Analysis

Current Smartsheet Price To Sales

7.47 X

Most of Smartsheet's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Smartsheet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Smartsheet Price To Sales Driver Correlations

Understanding the fundamental principles of building solid financial models for Smartsheet is extremely important. It helps to project a fair market value of Smartsheet Stock properly, considering its historical fundamentals such as Price To Sales. Since Smartsheet's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Smartsheet's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Smartsheet's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Net Debt	Long Term Debt	Long Term Debt Total	Capital Surpluse	Short Long Term Debt	Short Term Debt	Common Stock	Good Will	Net Invested Capital	Net Working Capital
Total Assets		0.98	0.94	-0.9	0.4	0.88	0.62	0.91	0.89	-0.38	0.99	0.88	0.79	0.86	-0.8	-0.66	-0.94	0.94	0.86	0.96	0.54	0.93	0.97	0.83
Total Stockholder Equity	0.98		0.97	-0.84	0.54	0.82	0.53	0.87	0.84	-0.34	0.98	0.88	0.87	0.8	-0.89	-0.64	-0.97	0.92	0.85	0.93	0.46	0.87	0.99	0.91
Net Tangible Assets	0.94	0.97		-0.76	0.64	0.73	0.46	0.79	0.77	-0.27	0.95	0.81	0.85	0.72	-0.92	-0.57	-0.97	0.86	0.78	0.85	0.38	0.78	0.98	0.95
Retained Earnings	-0.9	-0.84	-0.76		-0.24	-1.0	-0.86	-0.99	-1.0	0.68	-0.89	-0.75	-0.59	-0.99	0.59	0.84	0.81	-0.97	-0.84	-0.88	-0.7	-0.9	-0.86	-0.65
Accounts Payable	0.4	0.54	0.64	-0.24		0.22	0.22	0.3	0.29	-0.16	0.48	0.18	0.5	0.24	-0.71	-0.41	-0.6	0.39	0.52	0.21	0.14	0.08	0.54	0.78
Net Receivables	0.88	0.82	0.73	-1.0	0.22		0.86	0.99	1.0	-0.72	0.86	0.75	0.59	1.0	-0.59	-0.87	-0.78	0.97	0.82	0.87	0.72	0.89	0.85	0.64
Short Term Investments	0.62	0.53	0.46	-0.86	0.22	0.86		0.83	0.86	-0.85	0.63	0.34	0.17	0.89	-0.26	-0.87	-0.51	0.78	0.72	0.53	0.84	0.6	0.57	0.41
Total Liab	0.91	0.87	0.79	-0.99	0.3	0.99	0.83		1.0	-0.69	0.9	0.78	0.65	0.99	-0.66	-0.87	-0.83	0.99	0.84	0.89	0.68	0.9	0.89	0.71
Deferred Long Term Liab	0.89	0.84	0.77	-1.0	0.29	1.0	0.86	1.0		-0.7	0.89	0.75	0.61	1.0	-0.63	-0.87	-0.82	0.98	0.84	0.87	0.7	0.89	0.87	0.68
Long Term Investments	-0.38	-0.34	-0.27	0.68	-0.16	-0.72	-0.85	-0.69	-0.7		-0.39	-0.21	-0.17	-0.75	0.23	0.9	0.31	-0.64	-0.53	-0.32	-0.8	-0.39	-0.41	-0.34
Total Current Assets	0.99	0.98	0.95	-0.89	0.48	0.86	0.63	0.9	0.89	-0.39		0.83	0.78	0.85	-0.82	-0.67	-0.95	0.93	0.88	0.92	0.57	0.89	0.98	0.86
Intangible Assets	0.88	0.88	0.81	-0.75	0.18	0.75	0.34	0.78	0.75	-0.21	0.83		0.88	0.71	-0.75	-0.48	-0.83	0.82	0.64	0.96	0.25	0.93	0.87	0.7
Property Plant Equipment	0.79	0.87	0.85	-0.59	0.5	0.59	0.17	0.65	0.61	-0.17	0.78	0.88		0.55	-0.94	-0.47	-0.85	0.73	0.63	0.81	0.15	0.72	0.87	0.87
Current Deferred Revenue	0.86	0.8	0.72	-0.99	0.24	1.0	0.89	0.99	1.0	-0.75	0.85	0.71	0.55		-0.57	-0.88	-0.77	0.97	0.82	0.84	0.74	0.87	0.83	0.64
Net Debt	-0.8	-0.89	-0.92	0.59	-0.71	-0.59	-0.26	-0.66	-0.63	0.23	-0.82	-0.75	-0.94	-0.57		0.54	0.9	-0.75	-0.7	-0.73	-0.23	-0.62	-0.9	-0.96
Long Term Debt	-0.66	-0.64	-0.57	0.84	-0.41	-0.87	-0.87	-0.87	-0.87	0.9	-0.67	-0.48	-0.47	-0.88	0.54		0.64	-0.84	-0.82	-0.58	-0.78	-0.61	-0.69	-0.61
Long Term Debt Total	-0.94	-0.97	-0.97	0.81	-0.6	-0.78	-0.51	-0.83	-0.82	0.31	-0.95	-0.83	-0.85	-0.77	0.9	0.64		-0.89	-0.85	-0.88	-0.4	-0.82	-0.98	-0.9
Capital Surpluse	0.94	0.92	0.86	-0.97	0.39	0.97	0.78	0.99	0.98	-0.64	0.93	0.82	0.73	0.97	-0.75	-0.84	-0.89		0.84	0.91	0.63	0.9	0.94	0.79
Short Long Term Debt	0.86	0.85	0.78	-0.84	0.52	0.82	0.72	0.84	0.84	-0.53	0.88	0.64	0.63	0.82	-0.7	-0.82	-0.85	0.84		0.74	0.71	0.74	0.84	0.74
Short Term Debt	0.96	0.93	0.85	-0.88	0.21	0.87	0.53	0.89	0.87	-0.32	0.92	0.96	0.81	0.84	-0.73	-0.58	-0.88	0.91	0.74		0.41	0.98	0.92	0.72
Common Stock	0.54	0.46	0.38	-0.7	0.14	0.72	0.84	0.68	0.7	-0.8	0.57	0.25	0.15	0.74	-0.23	-0.78	-0.4	0.63	0.71	0.41		0.5	0.49	0.37
Good Will	0.93	0.87	0.78	-0.9	0.08	0.89	0.6	0.9	0.89	-0.39	0.89	0.93	0.72	0.87	-0.62	-0.61	-0.82	0.9	0.74	0.98	0.5		0.87	0.62
Net Invested Capital	0.97	0.99	0.98	-0.86	0.54	0.85	0.57	0.89	0.87	-0.41	0.98	0.87	0.87	0.83	-0.9	-0.69	-0.98	0.94	0.84	0.92	0.49	0.87		0.92
Net Working Capital	0.83	0.91	0.95	-0.65	0.78	0.64	0.41	0.71	0.68	-0.34	0.86	0.7	0.87	0.64	-0.96	-0.61	-0.9	0.79	0.74	0.72	0.37	0.62	0.92

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Smartsheet Price To Sales Historical Pattern

Today, most investors in Smartsheet Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Smartsheet's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to sales growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Smartsheet price to sales as a starting point in their analysis.

Smartsheet Price To Sales

Timeline

The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Competition

Predict Smartsheet

Price To Sales Ratio Over Time

Smartsheet Price To Sales Ratio

Price To Sales Ratio

6.0

At this time, Smartsheet's Price To Sales Ratio is relatively stable compared to the past year.

Based on the latest financial disclosure, Smartsheet has a Price To Sales of 7.4671 times. This is 56.54% higher than that of the Software sector and significantly higher than that of the Information Technology industry. The price to sales for all United States stocks is 34.61% higher than that of the company.

Smartsheet Price To Sales Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Smartsheet's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Smartsheet could also be used in its relative valuation, which is a method of valuing Smartsheet by comparing valuation metrics of similar companies.

Smartsheet is currently under evaluation in price to sales category among its peers.

Smartsheet ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Smartsheet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Smartsheet's managers, analysts, and investors.

Environmental

Governance

Social

Smartsheet Fundamentals

	Return On Equity	-0.0701
	Return On Asset	-0.0354
	Profit Margin	(0.04) %
	Operating Margin	(0.02) %
	Current Valuation	7.13 B
	Shares Outstanding	139.3 M
	Shares Owned By Insiders	2.92 %
	Shares Owned By Institutions	90.20 %
	Number Of Shares Shorted	3.11 M
	Price To Book	11.62 X
	Price To Sales	7.47 X
	Revenue	958.34 M
	Gross Profit	601.63 M
	EBITDA	(105.82 M)
	Net Income	(104.63 M)
	Cash And Equivalents	455.66 M
	Cash Per Share	3.49 X
	Total Debt	49.81 M
	Debt To Equity	0.15 %
	Current Ratio	1.34 X
	Book Value Per Share	4.84 X
	Cash Flow From Operations	157.88 M
	Short Ratio	0.88 X
	Earnings Per Share	(0.32) X
	Price To Earnings To Growth	1.42 X
	Target Price	56.48
	Number Of Employees	3.32 K
	Beta	0.75
	Market Capitalization	7.78 B
	Total Asset	1.34 B
	Retained Earnings	(862.8 M)
	Working Capital	236.02 M
	Net Asset	1.34 B

About Smartsheet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Smartsheet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Smartsheet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Smartsheet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Smartsheet

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 Smartsheet 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 Smartsheet will appreciate offsetting losses from the drop in the long position's value.

Moving together with Smartsheet Stock

0.75	U	Unity Software Aggressive Push	Pair Corr
0.8	BL	Blackline	Pair Corr
0.86	DT	Dynatrace Holdings LLC	Pair Corr

Moving against Smartsheet Stock

0.75	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.74	EGAN	eGain	Pair Corr
0.69	VCSA	Vacasa Inc	Pair Corr
0.63	DMAN	Innovativ Media Group	Pair Corr
0.34	DV	DoubleVerify Holdings	Pair Corr

The ability to find closely correlated positions to Smartsheet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smartsheet 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 Smartsheet - 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 Smartsheet to buy it.

The correlation of Smartsheet 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 Smartsheet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smartsheet 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 Smartsheet 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.

Pair Correlation Correlation Matching

Additional Tools for Smartsheet Stock Analysis

When running Smartsheet's price analysis, check to measure Smartsheet'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 Smartsheet is operating at the current time. Most of Smartsheet's value examination focuses on studying past and present price action to predict the probability of Smartsheet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smartsheet's price. Additionally, you may evaluate how the addition of Smartsheet to your portfolios can decrease your overall portfolio volatility.

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