Question 1

What is Ondas Holdings's P/S ratio?

Accepted Answer

Ondas Holdings (ONDS) P/S ratio is 38.3× as of July 27, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Ondas Holdings?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Ondas Holdings specifically, the relevant sector benchmark is the current sector median of 5.9×.

Question 5

Is Ondas Holdings's P/S ratio high or low?

Accepted Answer

Ondas Holdings's P/S ratio of 38.3× is below its own 5-year average of 47.4× and above the sector median of 5.9×. That places the current reading at the 54th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Ondas Holdings's historical P/S ratio range?

Accepted Answer

In the available daily series, Ondas Holdings (ONDS) P/S ratio has ranged from a low of 1.9× in 2023 to a high of 91043.1× in 2017. The 5-year average is 47.4× and the 5-year median is 30.8×.

Question 7

What was Ondas Holdings's P/S ratio in 2025?

Accepted Answer

Ondas Holdings (ONDS) P/S ratio at the end of 2025 was 73.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Ondas Holdings's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$3.72B	$50.7M	73.3×	+44.7×	Dec 31, 2025
2024	$205M	$7.19M	28.5×	+23.0×	Dec 31, 2024
2023	$87.2M	$15.7M	5.6×	-27.4×	Dec 31, 2023
2022	$70.1M	$2.13M	33.0×	-33.7×	Dec 31, 2022
2021	$194M	$2.91M	66.7×	-18.5×	Dec 31, 2021
2020	$184M	$2.16M	85.2×	-656.5×	Dec 31, 2020
2019	$238M	$320K	741.7×	-1358.0×	Dec 31, 2019
2018	$303M	$144K	2099.7×	-88943.4×	Dec 31, 2018
2017	$259M	$2.85K	91043.1×	+44018.5×	Dec 31, 2017
2016	$259M	$5.51K	47024.6×	+46464.2×	Dec 31, 2016
2015	$259M	$462K	560.4×	—	Dec 31, 2015


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P/S Ratio for Ondas Holdings (ONDS) 2015-2026

P/S Ratio daily chart for Ondas Holdings (ONDS)

Historical P/S Ratio for Ondas Holdings (ONDS) from 2015 to 2025

About P/S Ratio at Ondas Holdings (ONDS)

Ondas Holdings P/S Ratio by Year

Ondas Holdings P/S Ratio 2025: 73.3×

Ondas Holdings P/S Ratio 2024: 28.5×

Ondas Holdings P/S Ratio 2023: 5.6×

Ondas Holdings P/S Ratio 2022: 33.0×

Ondas Holdings P/S Ratio 2021: 66.7×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Ondas Holdings (ONDS) Key Financials