ams-OSRAM AG (FRA:DQW) Cyclically Adjusted PS Ratio: 0.28 (As of Sep. 22, 2026) — 81% Below Median

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FRA:DQW ams-OSRAM AG FRA:DQW
43 GF Score
Price €22.70
GF Value €8.37
Valuation Significantly Overvalued
! 7 Warning Signs
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What is ams-OSRAM AG Cyclically Adjusted PS Ratio?

ams-OSRAM AG FRA:DQW +3.10% 43 Cyclically Adjusted PS Ratio is 0.28 as of Sep. 22, 2026, which is 81% below its 10-year median of 1.51. GuruFocus rates FRA:DQW with a GF Score™ of 43/100 and a GF Value™ of €8.37 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 736 Semiconductors companies, ams-OSRAM AG ranks better than 95.11% on this metric.

As of today (2026-09-22), ams-OSRAM AG's current share price is €22.70. ams-OSRAM AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €79.79. ams-OSRAM AG's Cyclically Adjusted PS Ratio for today is 0.28.

The historical rank and industry rank for ams-OSRAM AG's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:DQW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 1.51   Max: 15
Current: 0.22

During the past years, ams-OSRAM AG's highest Cyclically Adjusted PS Ratio was 15.00. The lowest was 0.07. And the median was 1.51.

FRA:DQW's Cyclically Adjusted PS Ratio is ranked better than
95.11% of 736 companies
in the Semiconductors industry
Industry Median: 3.15 vs FRA:DQW: 0.22

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.

ams-OSRAM AG's adjusted revenue per share data for the three months ended in Jun. 2026 was €8.087. 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 €79.79 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ams-OSRAM AG  (FRA:DQW) 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.


ams-OSRAM AG Cyclically Adjusted PS Ratio Related Terms


ams-OSRAM AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ams-OSRAM AG'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.

ams-OSRAM AG Cyclically Adjusted PS Ratio Chart

ams-OSRAM AG 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 1.59 0.55 0.32 0.09 0.11

ams-OSRAM AG 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 0.14 0.15 0.10 0.12 0.23

FRA:DQW vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, ams-OSRAM AG'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.


ams-OSRAM AG Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ams-OSRAM AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ams-OSRAM AG's Cyclically Adjusted PS Ratio falls into.


FRA:DQW
43GF Score
ams-OSRAM AG FRA:DQW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ams-OSRAM AG 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.

ams-OSRAM AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.70/79.79
=0.28

* 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.

ams-OSRAM AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ams-OSRAM AG'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)
=8.087/142.7100*142.7100
=8.087

Current CPI (Jun. 2026) = 142.7100.

ams-OSRAM AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.701 101.192 10.861
201612 7.154 102.092 10.000
201703 7.114 102.592 9.896
201706 7.910 102.991 10.960
201709 10.996 103.591 15.148
201712 19.145 104.291 26.198
201803 16.095 104.491 21.982
201806 9.368 105.091 12.721
201809 17.633 105.691 23.809
201812 15.559 106.291 20.890
201903 15.551 106.391 20.860
201906 15.519 106.791 20.739
201909 25.364 106.991 33.832
201912 24.079 108.091 31.791
202003 30.097 108.024 39.761
202006 8.581 107.915 11.348
202009 25.149 108.348 33.125
202012 29.101 109.321 37.989
202103 26.422 110.186 34.221
202106 25.487 110.943 32.785
202109 26.490 111.916 33.779
202112 24.804 113.971 31.059
202203 25.602 117.647 31.056
202206 24.327 120.567 28.795
202209 24.938 123.811 28.745
202212 24.201 125.541 27.511
202303 19.055 128.460 21.169
202306 17.494 130.191 19.176
202309 18.588 131.272 20.208
202312 9.195 132.570 9.898
202403 8.577 133.759 9.151
202406 8.294 134.083 8.828
202409 8.921 133.651 9.526
202412 8.916 135.273 9.406
202503 8.289 137.760 8.587
202506 7.834 138.517 8.071
202509 8.623 138.950 8.856
202512 8.842 140.350 8.991
202603 8.053 142.160 8.084
202606 8.087 142.710 8.087

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 0.28 mean?
ams-OSRAM AG (FRA:DQW) has a Cyclically Adjusted PS Ratio of 0.28 as of Sep. 22, 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 ams-OSRAM AG and its competitors. This is 81% below median its historical median of 1.51. Over the past decade, ams-OSRAM AG's Cyclically Adjusted PS Ratio has ranged from 0.07 to 15.00. According to the industry distribution chart, ams-OSRAM AG ranks #36 out of 736 companies in the Semiconductors industry, placing it in the top 4.9%.
Is ams-OSRAM AG's Cyclically Adjusted PS Ratio too high?
ams-OSRAM AG's current Cyclically Adjusted PS Ratio of 0.28 is 81% below median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 15.00. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.15. ams-OSRAM AG's value of 0.28 is 91.1% below this industry median. Based on the distribution chart, ams-OSRAM AG ranks #36 out of 736 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, ams-OSRAM AG has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ams-OSRAM AG's Cyclically Adjusted PS Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, ams-OSRAM AG ranks #36 out of 736 companies for Cyclically Adjusted PS Ratio. This places ams-OSRAM AG in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.15. ams-OSRAM AG's value of 0.28 is 91.1% below this benchmark. Historically, ams-OSRAM AG's own Cyclically Adjusted PS Ratio has ranged from 0.07 to 15.00 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 3.15, ams-OSRAM AG has consistently been below 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 3.15, based on 736 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. ams-OSRAM AG's current Cyclically Adjusted PS Ratio of 0.28 is 91.1% below 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 ams-OSRAM AG and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ams-OSRAM AG's current Cyclically Adjusted PS Ratio is 0.28, which is 81% below median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ams-OSRAM AG stock overvalued right now?
Based on GuruFocus' analysis, ams-OSRAM AG (FRA:DQW) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.37, compared to a current price of €22.70 — trading 171.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.28, which is 81% below median its 10-year median of 1.51 and 91.1% below the Semiconductors industry median of 3.15. ams-OSRAM AG's overall GF Score™ is 43/100 with 7 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 ams-OSRAM AG (FRA:DQW), the current Cyclically Adjusted PS Ratio is 0.28 as of Sep. 22, 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 ams-OSRAM AG (FRA:DQW) Overvalued in 2026?

Based on GuruFocus' analysis, ams-OSRAM AG stock appears to be overvalued. The current stock price of €22.70 is trading 171.2% above its estimated GF Value™ of €8.37. GuruFocus considers ams-OSRAM AG to be Significantly Overvalued.

Key valuation signals for FRA:DQW:

  • Cyclically Adjusted PS Ratio: 0.28 (81% below median its 10-year median of 1.51)
  • GF Value™: €8.37 vs. price of €22.70 (171.2% above fair value)
  • GF Score™: 43/100 with 7 warning signs
  • Industry Position: 91.1% below the Semiconductors median (#36 of 736)

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


ams-OSRAM AG Business Description

Address Tobelbader Strasse 30, Premstaetten, AUT, 8141
ams-OSRAM AG is an Austrian semiconductor company formed from the merger of ams AG and OSRAM Licht AG. It develops and manufactures optical and sensor solutions, including light-emitting diodes, laser diodes, optical sensors, CMOS image sensors, and analog integrated circuits. The company operates primarily through its Opto Semiconductors and CMOS Sensors and ASICs businesses, following the divestment of its digital lighting and lamps units. Its products serve automotive, industrial, medical, consumer, and communications markets, with applications in sensing, illumination, display management, and 3D imaging. Customers include electronics manufacturers, automotive suppliers, and lighting companies worldwide. The company generates the largest share of its revenue from the Asia Pacific region, followed by the Americas and Europe, Middle East, and Africa. It sells through direct relationships with original equipment manufacturers and distributors, earning revenue from product sales.
43GF Score

Get the complete analysis for FRA:DQW

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

€22.70
Price
€8.37
GF Value