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Stingray Group Inc
TSX:RAY.A

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Stingray Group Inc
TSX:RAY.A
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Price: 16.2 CAD 2.34% Market Closed
Market Cap: CA$434.4m

P/S

2.8
Current
89%
More Expensive
vs 3-y average of 1.5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.8
=
Market Cap
CA$1.1B
/
Revenue
CA$413.1m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.8
=
Market Cap
CA$1.1B
/
Revenue
CA$413.1m

Valuation Scenarios

Stingray Group Inc is trading above its 3-year average

If P/S returns to its 3-Year Average (1.5), the stock would be worth CA$8.57 (47% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-54%
Maximum Upside
+4%
Average Downside
35%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.8 CA$16.2
0%
3-Year Average 1.5 CA$8.57
-47%
5-Year Average 1.5 CA$9.01
-44%
Industry Average 1.3 CA$7.38
-54%
Country Average 2.9 CA$16.93
+4%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
CA$1.1B
/
Oct 2025
CA$413.1m
=
2.8
Current
CA$1.1B
/
Mar 2026
CA$486.4m
=
2.2
Forward
CA$1.1B
/
Mar 2027
CA$653.2m
=
1.7
Forward
CA$1.1B
/
Mar 2028
CA$629.3m
=
1.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CA
Stingray Group Inc
TSX:RAY.A
434.4m CAD 2.8 22.2
US
Fox Corp
NASDAQ:FOXA
26.9B USD 1.6 14.2
US
ViacomCBS Inc
LSE:0A65
24.3B USD 0.8 -39.2
US
Paramount Global
NASDAQ:PARA
7.4B USD 0.3 -1.4
LU
RTL Group SA
XETRA:RRTL
5.7B EUR 1 5.8
US
Nexstar Media Group Inc
NASDAQ:NXST
6.2B USD 1.3 67.3
JP
TBS Holdings Inc
TSE:9401
883.4B JPY 2.1 15.8
JP
Nippon Television Holdings Inc
TSE:9404
746.7B JPY 1.5 11.9
UK
ITV PLC
LSE:ITV
3B GBP 0.9 13.6
JP
Fuji Media Holdings Inc
TSE:4676
573.4B JPY 1.7 -46
SA
MBC Group CJSC
SAU:4072
12.8B SAR 2.4 33.6
P/E Multiple
Earnings Growth PEG
CA
Stingray Group Inc
TSX:RAY.A
Average P/E: 23
22.2
40%
0.6
US
Fox Corp
NASDAQ:FOXA
14.2
-1%
N/A
US
V
ViacomCBS Inc
LSE:0A65
Negative Multiple: -39.2 N/A N/A
US
Paramount Global
NASDAQ:PARA
Negative Multiple: -1.4 N/A N/A
LU
RTL Group SA
XETRA:RRTL
5.8
-24%
N/A
US
Nexstar Media Group Inc
NASDAQ:NXST
67.3
115%
0.6
JP
TBS Holdings Inc
TSE:9401
15.8
7%
2.3
JP
N
Nippon Television Holdings Inc
TSE:9404
11.9
14%
0.8
UK
ITV PLC
LSE:ITV
13.6
20%
0.7
JP
Fuji Media Holdings Inc
TSE:4676
Negative Multiple: -46 N/A N/A
SA
M
MBC Group CJSC
SAU:4072
33.6
N/A N/A

Market Distribution

In line with most companies in Canada
Percentile
49th
Based on 2 477 companies
49th percentile
2.8
Low
0 — 1.4
Typical Range
1.4 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.4
Median 2.9
70th Percentile 4.9
Max 15 623 917.6

Stingray Group Inc
Glance View

Market Cap
434.4m CAD
Industry
Media

Stingray Group, Inc. engages in the provision of multi-platform music services. The company is headquartered in Montreal, Quebec and currently employs 1,000 full-time employees. The firm provides curated direct-to-consumer and business-to-business (B2B) services, including audio television channels, radio stations, subscription video-on-demand (SVOD) content, television channels, fast channels, karaoke products, digital signage, in-store music, and music applications. The firm also provides relaxation, mindfulness and sleep music. The firm offers SVOD services on a wide range of Internet-capable devices including smart televisions (TVs), smartphones, tablets, video game consoles and multimedia devices. The firm offers Stingray Karaoke, Stingray Classica, Stingray DJAZZ and Stingray Qello. The firm also offers business to consumers (B2C) mobile applications that includes Stingray Music, Yokee Music, Yokee Piano and Yokee Guitar. The firm has approximately 400 million subscribers in over 160 countries.

RAY.A Intrinsic Value
44.46 CAD
Undervaluation 64%
Intrinsic Value
Price CA$16.2
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