There wouldn’t be many who think AT & S Austria Technologie & Systemtechnik Aktiengesellschaft’s (VIE:ATS) price-to-sales (or “P/S”) ratio of 0.9x is worth a mention when the median P/S for the Electronic industry in Austria is similar at about 1.2x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
View our latest analysis for AT & S Austria Technologie & Systemtechnik
WBAG:ATS Price to Sales Ratio vs Industry January 22nd 2026 What Does AT & S Austria Technologie & Systemtechnik’s Recent Performance Look Like?
There hasn’t been much to differentiate AT & S Austria Technologie & Systemtechnik’s and the industry’s revenue growth lately. Perhaps the market is expecting future revenue performance to show no drastic signs of changing, justifying the P/S being at current levels. Those who are bullish on AT & S Austria Technologie & Systemtechnik will be hoping that revenue performance can pick up, so that they can pick up the stock at a slightly lower valuation.
If you’d like to see what analysts are forecasting going forward, you should check out our free report on AT & S Austria Technologie & Systemtechnik. What Are Revenue Growth Metrics Telling Us About The P/S?
In order to justify its P/S ratio, AT & S Austria Technologie & Systemtechnik would need to produce growth that’s similar to the industry.
Retrospectively, the last year delivered a decent 6.5% gain to the company’s revenues. However, this wasn’t enough as the latest three year period has seen an unpleasant 17% overall drop in revenue. Accordingly, shareholders would have felt downbeat about the medium-term rates of revenue growth.
Shifting to the future, estimates from the four analysts covering the company suggest revenue should grow by 13% per year over the next three years. Meanwhile, the rest of the industry is forecast to expand by 14% per annum, which is not materially different.
In light of this, it’s understandable that AT & S Austria Technologie & Systemtechnik’s P/S sits in line with the majority of other companies. Apparently shareholders are comfortable to simply hold on while the company is keeping a low profile.
What Does AT & S Austria Technologie & Systemtechnik’s P/S Mean For Investors?
Generally, our preference is to limit the use of the price-to-sales ratio to establishing what the market thinks about the overall health of a company.
Our look at AT & S Austria Technologie & Systemtechnik’s revenue growth estimates show that its P/S is about what we expect, as both metrics follow closely with the industry averages. At this stage investors feel the potential for an improvement or deterioration in revenue isn’t great enough to push P/S in a higher or lower direction. Unless these conditions change, they will continue to support the share price at these levels.
It is also worth noting that we have found 2 warning signs for AT & S Austria Technologie & Systemtechnik that you need to take into consideration.
It’s important to make sure you look for a great company, not just the first idea you come across. So if growing profitability aligns with your idea of a great company, take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.