STMicroelectronics NV (BSP:STMN34) Cyclically Adjusted PS Ratio: 4.84 (As of Jul. 16, 2026) — 73% Above Median

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.

BSP:STMN34 STMicroelectronics NV BSP:STMN34
65 GF Score
Price R$342.00
GF Value R$155.95
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is STMicroelectronics NV Cyclically Adjusted PS Ratio?

STMicroelectronics NV BSP:STMN34 -3.82% 65 Cyclically Adjusted PS Ratio is 4.84 as of Jul. 16, 2026, which is 73% above its 10-year median of 2.79. GuruFocus rates BSP:STMN34 with a GF Score™ of 65/100 and a GF Value™ of R$155.95 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 732 Semiconductors companies, STMicroelectronics NV ranks worse than 60.79% on this metric.

As of today (2026-07-16), STMicroelectronics NV's current share price is R$342.00. STMicroelectronics NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$70.63. STMicroelectronics NV's Cyclically Adjusted PS Ratio for today is 4.84.

The historical rank and industry rank for STMicroelectronics NV's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:STMN34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.78   Med: 2.79   Max: 5.73
Current: 5.18

During the past years, STMicroelectronics NV's highest Cyclically Adjusted PS Ratio was 5.73. The lowest was 0.78. And the median was 2.79.

BSP:STMN34's Cyclically Adjusted PS Ratio is ranked worse than
60.79% of 732 companies
in the Semiconductors industry
Industry Median: 3.29 vs BSP:STMN34: 5.18

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

STMicroelectronics NV's adjusted revenue per share data for the three months ended in Mar. 2026 was R$17.699. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$70.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


STMicroelectronics NV  (BSP:STMN34) 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.


STMicroelectronics NV Cyclically Adjusted PS Ratio Related Terms


STMicroelectronics NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for STMicroelectronics NV'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.

STMicroelectronics NV Cyclically Adjusted PS Ratio Chart

STMicroelectronics NV 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 5.20 3.49 4.27 2.15 1.93

STMicroelectronics NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.75 2.25 2.06 1.93 2.41

BSP:STMN34 vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, STMicroelectronics NV'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.


STMicroelectronics NV Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

* The bar in red indicates where STMicroelectronics NV's Cyclically Adjusted PS Ratio falls into.


BSP:STMN34
65GF Score
STMicroelectronics NV BSP:STMN34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

STMicroelectronics NV 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.

STMicroelectronics NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=342.00/70.63
=4.84

* 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.

STMicroelectronics NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, STMicroelectronics NV's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=17.699/108.0600*108.0600
=17.699

Current CPI (Mar. 2026) = 108.0600.

STMicroelectronics NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.584 100.088 7.108
201609 6.593 99.604 7.153
201612 7.018 99.380 7.631
201703 5.848 100.040 6.317
201706 7.134 100.285 7.687
201709 7.426 100.254 8.004
201712 8.931 100.213 9.630
201803 7.980 100.836 8.552
201806 9.346 101.435 9.956
201809 11.412 101.246 12.180
201812 11.356 100.906 12.161
201903 8.830 101.571 9.394
201906 9.292 102.044 9.840
201909 11.684 101.396 12.452
201912 12.424 101.063 13.284
202003 11.892 101.048 12.717
202006 11.884 100.743 12.747
202009 15.623 100.585 16.784
202012 17.899 100.241 19.295
202103 18.245 100.800 19.559
202106 16.223 101.352 17.297
202109 18.289 101.533 19.465
202112 21.913 101.776 23.266
202203 18.607 103.205 19.482
202206 20.507 104.783 21.148
202209 23.963 104.835 24.700
202212 24.576 104.666 25.373
202303 23.393 106.245 23.793
202306 22.231 106.576 22.541
202309 23.185 106.570 23.509
202312 22.256 106.461 22.590
202403 18.311 107.355 18.431
202406 18.497 107.991 18.509
202409 19.181 107.468 19.287
202412 21.633 107.128 21.821
202503 15.524 107.722 15.573
202506 17.161 108.075 17.159
202509 18.601 107.710 18.661
202512 19.994 107.200 20.154
202603 17.699 108.060 17.699

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.

What does a Cyclically Adjusted PS Ratio of 4.84 mean?
STMicroelectronics NV (BSP:STMN34) has a Cyclically Adjusted PS Ratio of 4.84 as of Jul. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on STMicroelectronics NV and its competitors. This is 73% above median its historical median of 2.79. Over the past decade, STMicroelectronics NV's Cyclically Adjusted PS Ratio has ranged from 0.78 to 5.73. According to the industry distribution chart, STMicroelectronics NV ranks #445 out of 732 companies in the Semiconductors industry, placing it in the top 60.8%.
Is STMicroelectronics NV's Cyclically Adjusted PS Ratio too high?
STMicroelectronics NV's current Cyclically Adjusted PS Ratio of 4.84 is 73% above median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 5.73. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.29. STMicroelectronics NV's value of 4.84 is 47.1% above this industry median. Based on the distribution chart, STMicroelectronics NV ranks #445 out of 732 companies in the Semiconductors industry, which is below the industry midpoint. Overall, STMicroelectronics NV has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does STMicroelectronics NV's Cyclically Adjusted PS Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, STMicroelectronics NV ranks #445 out of 732 companies for Cyclically Adjusted PS Ratio. This places STMicroelectronics NV in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.29. STMicroelectronics NV's value of 4.84 is 47.1% above this benchmark. Historically, STMicroelectronics NV's own Cyclically Adjusted PS Ratio has ranged from 0.78 to 5.73 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 3.29, STMicroelectronics NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.29, based on 732 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. STMicroelectronics NV's current Cyclically Adjusted PS Ratio of 4.84 is 47.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on STMicroelectronics NV and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. STMicroelectronics NV's current Cyclically Adjusted PS Ratio is 4.84, which is 73% above median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is STMicroelectronics NV stock overvalued right now?
Based on GuruFocus' analysis, STMicroelectronics NV (BSP:STMN34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$155.95, compared to a current price of R$342.00 — trading 119.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.84, which is 73% above median its 10-year median of 2.79 and 47.1% above the Semiconductors industry median of 3.29. STMicroelectronics NV's overall GF Score™ is 65/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For STMicroelectronics NV (BSP:STMN34), the current Cyclically Adjusted PS Ratio is 4.84 as of Jul. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is STMicroelectronics NV (BSP:STMN34) Overvalued in 2026?

Based on GuruFocus' analysis, STMicroelectronics NV stock appears to be overvalued. The current stock price of R$342.00 is trading 119.3% above its estimated GF Value™ of R$155.95. GuruFocus considers STMicroelectronics NV to be Significantly Overvalued.

Key valuation signals for BSP:STMN34:

  • Cyclically Adjusted PS Ratio: 4.84 (73% above median its 10-year median of 2.79)
  • GF Value™: R$155.95 vs. price of R$342.00 (119.3% above fair value)
  • GF Score™: 65/100 with 10 warning signs
  • Industry Position: 47.1% above the Semiconductors median (#445 of 732)

No single metric tells the full story. See the BSP:STMN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


STMicroelectronics NV Business Description

Address 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, CHE, 1228
A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconducteurs in France formed STMicroelectronics in 1987. STMicroelectronics is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. It is an especially prominent chip supplier to the industrial and automotive industries.
65GF Score

Get the complete analysis for BSP:STMN34

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

R$342.00
Price
R$155.95
GF Value