CoStar Group Inc. (NASDAQ: CSGP) has experienced a 27% drop in its share price over the past month, contributing to a 39% decline over the last year. Despite this slump, the company maintains a high price-to-sales (P/S) ratio of 6.2x, significantly above the industry average, which is justified by its projected 15% annual revenue growth for the next three years, outpacing the industry’s 11% forecast. This high P/S ratio reflects investor confidence in CoStar Group’s future revenue performance, despite recent share price volatility.
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CoStar Group, Inc.'s (NASDAQ:CSGP) Share Price Is Still Matching Investor Opinion Despite 27% Slump
CoStar Group Inc. (NASDAQ: CSGP) has experienced a 27% drop in its share price over the past month, contributing to a 39% decline over the last year. Despite this slump, the company maintains a high price-to-sales (P/S) ratio of 6.2x, significantly above the industry average, which is justified by its projected 15% annual revenue growth for the next three years, outpacing the industry’s 11% forecast. This high P/S ratio reflects investor confidence in CoStar Group’s future revenue performance, despite recent share price volatility.