Published on 9 May 2023 on Simply Wall St. via Yahoo Finance
Nuix Limited's (ASX:NXL) Shares Lagging The Industry But So Is The Business
You may think that with a price-to-sales (or "P/S") ratio of 2.1x Nuix Limited (ASX:NXL) is a stock worth checking out, seeing as almost half of all the Software companies in Australia have P/S ratios greater than 2.8x and even P/S higher than 6x aren't out of the ordinary. However, the P/S might be low for a reason and it requires further investigation to determine if it's justified.
See our latest analysis for Nuix
