PDFS (PDF Solutions) Cyclically Adjusted Price-to-FCF: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PDFS PDF Solutions Inc PDFS
83 GF Score
Price $46.71
GF Value $42.27
Valuation Modestly Overvalued
! 4 Warning Signs
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What is PDF Solutions Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


PDF Solutions  (NAS:PDFS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


PDF Solutions Cyclically Adjusted Price-to-FCF Related Terms


PDF Solutions Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for PDF Solutions's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PDF Solutions Cyclically Adjusted Price-to-FCF Chart

PDF Solutions Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 87.10 71.66 96.52 120.36 266.64

PDF Solutions Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 149.51 213.39 248.09 380.35 599.92

PDFS vs CXM, BL, QNT: Cyclically Adjusted Price-to-FCF Comparison

For the Software - Application subindustry, PDF Solutions's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PDF Solutions Cyclically Adjusted Price-to-FCF vs Software Industry

For the Software industry and Technology sector, PDF Solutions's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PDF Solutions's Cyclically Adjusted Price-to-FCF falls into.


PDFS
83GF Score
PDF Solutions Inc PDFS
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PDF Solutions Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

PDF Solutions's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PDF Solutions's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.052/333.9520*333.9520
=0.052

Current CPI (Jun. 2026) = 333.9520.

PDF Solutions Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.091 241.428 -0.126
201612 -0.004 241.432 -0.006
201703 -0.081 243.801 -0.111
201706 -0.038 244.955 -0.052
201709 0.100 246.819 0.135
201712 0.030 246.524 0.041
201803 0.025 249.554 0.033
201806 0.128 251.989 0.170
201809 -0.143 252.439 -0.189
201812 -0.002 251.233 -0.003
201903 -0.077 254.202 -0.101
201906 0.106 256.143 0.138
201909 0.469 256.759 0.610
201912 -0.064 256.974 -0.083
202003 0.101 258.115 0.131
202006 0.103 257.797 0.133
202009 -0.033 260.280 -0.042
202012 0.253 260.474 0.324
202103 -0.241 264.877 -0.304
202106 0.205 271.696 0.252
202109 0.065 274.310 0.079
202112 -0.025 278.802 -0.030
202203 0.033 287.504 0.038
202206 0.022 296.311 0.025
202209 -0.023 296.808 -0.026
202212 0.593 296.797 0.667
202303 -0.100 301.836 -0.111
202306 -0.223 305.109 -0.244
202309 0.426 307.789 0.462
202312 -0.010 306.746 -0.011
202403 -0.101 312.332 -0.108
202406 -0.118 314.175 -0.125
202409 0.120 315.301 0.127
202412 -0.108 315.605 -0.114
202503 0.011 319.799 0.011
202506 -0.350 322.561 -0.362
202509 -0.077 324.800 -0.079
202512 0.191 324.054 0.197
202603 -0.219 330.213 -0.221
202606 0.052 333.952 0.052

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is PDF Solutions (PDFS) Overvalued in 2026?

Based on GuruFocus' analysis, PDF Solutions stock appears to be overvalued. The current stock price of $46.71 is trading 10.5% above its estimated GF Value™ of $42.27. GuruFocus considers PDF Solutions to be Modestly Overvalued.

Key valuation signals for PDFS:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: $42.27 vs. price of $46.71 (10.5% above fair value)
  • GF Score™: 83/100 with 4 warning signs

No single metric tells the full story. See the PDFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PDF Solutions Business Description

Other Exchanges PD9:Germany
Address 2858 De La Cruz Boulevard, Santa Clara, CA, USA, 95050
PDF Solutions Inc provides products and services designed to empower organizations across the semiconductor and electronics ecosystem to connect, collect, manage, and analyze data about design, equipment, manufacturing, and test to improve the yield and quality of their products and operational efficiency. The Company's products, services, and solutions include proprietary software, physical intellectual property (IP) for integrated circuit (IC) designs, electrical measurement hardware tools, methodologies, and professional services.
83GF Score

Get the complete analysis for PDFS

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.71
Price
$42.27
GF Value