Return and Valuation - Stocks with EV/Sales Ratios Above 20x as Share of U.S. Equity Trading Volumes and Market Capitalization

The median stock with an EV/sales ratio above 20x has generated a subsequent 12-month return of -1% since 1985.

Image: Goldman Sachs Global Investment Research

Stocks with EV/Sales Ratios Above 20x as Share of U.S. Equity Trading Volumes and Market Capitalization