Mode 1 — Rasio EV/Sales
EV/Sales = enterprise value ÷ annual revenue. Enter EV directly, or build EV from its components (market cap + total debt − cash).
Mode 2 — Solver Terbalik
From a target multiple, find the implied EV or implied revenue.
Mode 3 — Komparator 2 Perusahaan
Compare two companies’ EV/Sales ratios side by side. EV is computed from components (market cap + debt − cash); if EV is already known, set market cap = EV and leave debt/cash = 0.
Interpretation table (descriptive)
| Rasio EV/Sales | Bacaan deskriptif |
|---|---|
| < 1,0× | The market values the company below its annual sales. |
| 1,0–2,0× | The common zone for mature companies in many sectors. |
| 2,0–5,0× | Reflects above-average growth expectations or high margins. |
| > 5,0× | Aggressive growth expectations, or a very-high-margin industry. |
Panduan singkat
- EV/Sales = enterprise value ÷ annual revenue. Answers: how many times its annual sales the market values the company at.
- EV = market capitalization + total debt − cash and cash equivalents (neutral to capital structure).
- Still defined when the company is loss-making — that is where this multiple is most useful.
- Only compare with peers in the same industry.
Frequently asked questions
What is the EV/Sales (enterprise value to sales) ratio?
The EV/Sales ratio is a valuation multiple comparing a company’s enterprise value (EV) with its annual revenue (sales/revenue). The formula: EV/Sales = enterprise value ÷ annual revenue. Example: a company with EV 1,200 and annual revenue 1,000 has an EV/Sales ratio of 1.20×. This figure answers: how many times its annual sales the market values the company at.
How do I calculate EV/Sales?
Two steps: (1) determine EV — use EV directly from a market data source, or compute from components: EV = market capitalization + total debt − cash and cash equivalents; (2) divide by annual revenue. Example: market cap 2,000 + debt 500 − cash 300 = EV 2,200; divided by revenue 1,100 gives EV/Sales 2.00×. This calculator’s Mode 1 does both steps at once.
What is the difference between EV/Sales and the P/S (price-to-sales) ratio?
P/S uses market capitalization (market cap) as the numerator, while EV/Sales uses enterprise value (market cap + debt − cash). As a result P/S ignores capital structure: a heavily indebted company can look cheaper on its P/S than on its EV/Sales. EV/Sales is more consistent for comparing companies with different debt levels.
What is the difference between EV/Sales and EV/EBITDA?
Both use EV as the numerator; the difference is the denominator: EV/Sales uses revenue (top line), EV/EBITDA uses operating profit before depreciation and amortization. EV/Sales can still be computed when the company is loss-making or EBITDA is negative, while EV/EBITDA becomes meaningless with negative EBITDA. Conversely, EV/EBITDA accounts for profitability, making it more informative for already-profitable companies.
When is the EV/Sales ratio more relevant?
Especially for not-yet-profitable companies or fluctuating earnings: growth startups, companies in turnaround, or sectors in a loss cycle. In those conditions P/E and EV/EBITDA are poorly defined, but revenue is usually still positive, so EV/Sales can still be computed and used to compare peers.
How does this calculator differ from the enterprise value calculator?
The enterprise value calculator (https://nrtechstudio.com/tools/enterprise-value/) stops at computing EV from its components (market cap + debt − cash). This calculator goes one step further: dividing that EV by revenue to produce the EV/Sales multiple, plus a reverse solver and two-company comparator. Both can be used in sequence: compute EV first, then enter the result here.
How does this calculator differ from the EBITDA multiple calculator?
The EBITDA multiple calculator (https://nrtechstudio.com/tools/ebitda-multiple/) computes EV from the opposite direction — EV = EBITDA × multiple — with earnings as the valuation basis. This calculator computes the ratio of a known EV to revenue. Both use EV but differ in direction and basis, complementing each other as relative valuation tools.
Does a low EV/Sales multiple mean the stock is cheap? Is this result investment advice?
Not automatically. A low multiple can reflect low growth expectations, high business risk, or an industry structure that is simply low-multiple — “cheap” only means something compared with the industry median and peer companies. This calculator’s results are an educational estimate based on the figures you entered, not professional investment advice and not a recommendation to buy or sell any securities.