Q2 price to sales ratio QTWO

Market value divided by revenue over the last twelve months, since 2015.

Today, Oct 23, 2026: 5.1×
10-year median: 9.0×
Against its 10-year history: 27th; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.3× to 20.6×
Peer median: 4.5×

Q2's price to sales ratio is 5.1× as of Oct 23, 2026.

That is below its ten-year median of 9.0×, lower than on 73% of days in the last ten years.

Over that time it ranged from 2.3× in May 2023 to 20.6× in Feb 2021.

The median for 10 infrastructure software stocks of a similar size is 4.5×.

Price to sales ratio over time

median 9×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	5.1×	3.3×	5.7×
2025	6.1×	5.0×	9.2×
2024	9.2×	3.9×	9.9×
2023	4.2×	2.3×	4.2×
2022	2.8×	2.6×	9.0×
2021	9.5×	8.6×	20.6×
2020	17.9×	8.5×	18.1×
2019	13.4×	9.4×	15.9×
2018	9.3×	8.5×	13.1×
2017	8.3×	8.3×	10.4×
2016	8.4×	6.9×	9.8×
2015	10.1×	8.7×	12.6×

Against its peers

Companies in Software - Infrastructure nearest Q2's size, closest first, today.

Company	Price to sales ratio
QTWOQ2	5.1×
CCCCCC Intelligent Solutions	4.1×
FRSHFreshworks	4.5×
WKWorkiva	4.8×
BBBLACKBERRY	8.5×
PSNParsons	0.8×
AVPTAvePoint	7.5×
AGYSAgilysys	10.3×
WAYWaystar	4.6×
SPSCSPS Commerce	4.3×
ACIWACI Worldwide	3.1×
Peer median	4.5×

What the price to sales ratio tells you

Market value divided by revenue over the last twelve months. Useful for companies with little or no profit yet, since sales are harder to make negative than earnings.

Ignores margins entirely. A software company at 10× sales with 30% margins can be cheaper than a grocer at 1× sales with 2% margins.

More on Q2

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.