AMD (Advanced Micro Devices) Cyclically Adjusted PS Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

AMD Advanced Micro Devices Inc AMD
79 GF Score
Price $487.45
GF Value $247.73
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Advanced Micro Devices Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Advanced Micro Devices  (NAS:AMD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Advanced Micro Devices Cyclically Adjusted PS Ratio Related Terms


Advanced Micro Devices Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Advanced Micro Devices's Cyclically Adjusted PS Ratio 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.

Advanced Micro Devices Cyclically Adjusted PS Ratio Chart

Advanced Micro Devices Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.20 7.20 15.07 11.29 17.26

Advanced Micro Devices Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 12.32 13.51 17.26 15.51 0.00

AMD vs MU, INTC, TXN: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, Advanced Micro Devices's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Advanced Micro Devices Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Advanced Micro Devices's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Advanced Micro Devices's Cyclically Adjusted PS Ratio falls into.


AMD
79GF Score
Advanced Micro Devices Inc AMD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Advanced Micro Devices Cyclically Adjusted PS Ratio Calculation

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

Advanced Micro Devices's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Advanced Micro Devices's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.954/333.9520*333.9520
=6.954

Current CPI (Jun. 2026) = 333.9520.

Advanced Micro Devices Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.604 241.428 2.219
201612 1.231 241.432 1.703
201703 1.255 243.801 1.719
201706 1.218 244.955 1.661
201709 1.520 246.819 2.057
201712 1.386 246.524 1.878
201803 1.585 249.554 2.121
201806 1.531 251.989 2.029
201809 1.536 252.439 2.032
201812 1.311 251.233 1.743
201903 1.163 254.202 1.528
201906 1.381 256.143 1.801
201909 1.612 256.759 2.097
201912 1.835 256.974 2.385
202003 1.459 258.115 1.888
202006 1.575 257.797 2.040
202009 2.305 260.280 2.957
202012 2.685 260.474 3.442
202103 2.799 264.877 3.529
202106 3.125 271.696 3.841
202109 3.507 274.310 4.270
202112 3.946 278.802 4.727
202203 4.175 287.504 4.849
202206 4.013 296.311 4.523
202209 3.425 296.808 3.854
202212 3.458 296.797 3.891
202303 3.323 301.836 3.677
202306 3.294 305.109 3.605
202309 3.560 307.789 3.863
202312 3.796 306.746 4.133
202403 3.339 312.332 3.570
202406 3.564 314.175 3.788
202409 4.168 315.301 4.415
202412 4.687 315.605 4.959
202503 4.574 319.799 4.776
202506 4.715 322.561 4.882
202509 5.634 324.800 5.793
202512 6.232 324.054 6.422
202603 6.214 330.213 6.284
202606 6.954 333.952 6.954

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Advanced Micro Devices (AMD) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Micro Devices stock appears to be overvalued. The current stock price of $487.45 is trading 96.8% above its estimated GF Value™ of $247.73. GuruFocus considers Advanced Micro Devices to be Significantly Overvalued.

Key valuation signals for AMD:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $247.73 vs. price of $487.45 (96.8% above fair value)
  • GF Score™: 79/100 with 5 warning signs

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


Advanced Micro Devices Business Description

Address 2485 Augustine Drive, Santa Clara, CA, USA, 95054
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
79GF Score

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

$487.45
Price
$247.73
GF Value