What is Price-to-sales ratio? How useful is this market ratio?

Market ratio: Price-to-sales-ratio

 One of the business ratio analysis which we often come across is the Price-to-sales ratio.

Append below in summary what is this market ratio is all about:-

Ratio
Purpose
Formula

Price-to-sales ratio

Measures the relationship between the value of stock and the level of company.   PS: note that sales volume is an operating activity of a company

 Price-to-sales =Current share [...]

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