Merm, personally I don't view price to sales as that significant a stat....distributers look great, and software looks awful. I much prefer to look at price to gross profits so we at least normalize sales via the sieve of gross margins.
And they actually do look great on a price to gross margins basis.
Anyway, my point was basically that on a Adjusted for one timers Gaap p/e basis, AVNW is not cheap looking at the current, backwards or forwards values. And many investors use that as a prime valuation method. However, I do agree that is an interesting pick using other parameters.