The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.
The XRP token’s price-to-sales ratio is nearly double that of Nvidia, one of the most traded stocks on the market.
The XRP (XRP) token has a price-to-sale ratio of 61.689, while Nvidia has a price-to-sales ratio of 37. This ratio is calculated by dividing a company’s market capitalization by the company’s revenue or total sales over the past 12 months. The lower the ratio, the more attractive the investment.
Ripple’s XRP ledger generated over $583,000 worth of network fees in 2023, according to Messari. In comparison, Nvidia generated $26.97 billion in revenue during 2023, according to its 2023 fiscal report.
