United States 12 Month Oil Fund (USL) Price to Sales (2010 - 2026)
United States 12 Month Oil Fund's (USL) quarterly Price to Sales came in at 23.54 in Q2 2026, up 117.06% on a YoY basis from 10.85 in Q2 2025, and up 620.87% quarter-over-quarter from 3.27 in Q1 2026.
Analysis
United States 12 Month Oil Fund (USL) Price to Sales (2010 - 2026) Analysis & Trends
United States 12 Month Oil Fund (USL) has reported Price to Sales for 17 consecutive years, with 23.54 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Sales rose 117.06% year-over-year to 23.54; the trailing twelve-month figure through Jun 2026 stood at 1.89 (down 35.89% YoY), and the FY2025 full-year result was 7.5, down 29.51% from the prior year.
- Price to Sales rose to 23.54 in Q2 2026 per USL's latest filing, from 3.27 in the prior quarter.
- Across five years, Price to Sales topped out at 99.65 in Q1 2025 and bottomed at 3.27 in Q1 2026.
- Historically, Price to Sales has averaged 24.33 across 5 years, with a median of 13.53 in 2022.
- The sharpest annual moves came in 2025 and 2026: Price to Sales surged 1215.76% in 2025, then tumbled 96.72% in 2026.
- Over 5 years, Price to Sales stood at 14.07 in 2022, then slumped by 53.61% to 6.53 in 2023, then soared by 199.29% to 19.53 in 2024, then slipped by 14.9% to 16.62 in 2025, then jumped by 41.64% to 23.54 in 2026.
- According to Business Quant data, Price to Sales over the past three periods registered 23.54, 3.27, and 16.62 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - |
| 10 | United States 12 Month Oil Fund | 58.33 Mn | 23.57 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.54 |
| Mar 31, 2026 | 3.27 |
| Dec 31, 2025 | 16.62 |
| Sep 30, 2025 | 82.40 |
| Jun 30, 2025 | 10.85 |
| Mar 31, 2025 | 99.65 |
| Dec 31, 2024 | 19.53 |
| Sep 30, 2024 | 7.86 |
| Jun 30, 2024 | 61.29 |
| Mar 31, 2024 | 7.57 |
| Dec 31, 2023 | 6.53 |
| Sep 30, 2023 | 5.12 |
| Jun 30, 2023 | 37.44 |
| Mar 31, 2023 | 20.95 |
| Dec 31, 2022 | 14.07 |
| Sep 30, 2022 | 4.39 |
| Jun 30, 2022 | 12.99 |
| Mar 31, 2022 | 3.92 |
| Dec 31, 2021 | 47.12 |
| Sep 30, 2021 | 19.35 |