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URL:  https://boards.fool.com/thanks-tinker-panw-nopehas-only-had-ps-34079915.aspx

Subject:  Re: Let's Refine the P/S Discussion Date:  12/8/2018  7:24 PM
Author:  dumaflotchie Number:  106443 of 115741

Thanks Tinker:

PANW - nope....has only had P/S 6-14......never over 20 that I see since 2012.

CRM - nope.....max P/S was 11 and it mostly stays well below 10.

BIDU - yes......2008 through 2011 was 36.7 declining to 24.4 in 2011....then off the cliff to 9.8 in 2012.

Let's look at returns for those years

2008 -68% (P/S 36.7)
2009 215% (P/S 30)
2010 135% (P/S 28)
2011 21% (P/S 24)
2012 -14% (P/S 9.8)

The revenue growth leading into 2008 was 127%, 70% in 2009, 40% in 2010, 91% in 2011, 48% in 2012)So in this case, there were 2 years of pretty amazing returns, then a big drop to even negative returns. As most of you know, the stock has done so so since 2012 with 3 negative return years. This drop in stock growth and contraction in multiple occurred despite decent but slowing growth.

So we now have FB and BIDU as the only 2 examples of a high P/S for 3 years or more.

And both cases didn't sustain stock appreciation shortly after.

Anyone with any other examples?
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