Sanmina (FRA:SAYN) Cyclically Adjusted PS Ratio: (As of Jul. 31, 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.

FRA:SAYN Sanmina Corp FRA:SAYN
90 GF Score
Price €159.60
GF Value €113.38
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Sanmina Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sanmina  (FRA:SAYN) 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.


Sanmina Cyclically Adjusted PS Ratio Related Terms


Sanmina Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sanmina'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.

Sanmina Cyclically Adjusted PS Ratio Chart

Sanmina Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.42 0.46 0.55 0.86

Sanmina 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 0.74 0.86 1.10 0.90 0.00

FRA:SAYN vs LFUS, VICR, TTMI: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Sanmina'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.


Sanmina Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


FRA:SAYN
90GF Score
Sanmina Corp FRA:SAYN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sanmina 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.

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

For example, Sanmina'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)
=54.537/333.9520*333.9520
=54.537

Current CPI (Jun. 2026) = 333.9520.

Sanmina Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 18.900 241.428 26.143
201612 21.128 241.432 29.225
201703 20.201 243.801 27.671
201706 19.467 244.955 26.540
201709 18.695 246.819 25.295
201712 20.590 246.524 27.892
201803 18.468 249.554 24.714
201806 21.543 251.989 28.550
201809 23.566 252.439 31.176
201812 27.126 251.233 36.057
201903 26.343 254.202 34.608
201906 24.913 256.143 32.481
201909 23.753 256.759 30.894
201912 22.813 256.974 29.647
202003 19.925 258.115 25.779
202006 21.098 257.797 27.330
202009 23.059 260.280 29.586
202012 21.593 260.474 27.684
202103 21.323 264.877 26.884
202106 20.429 271.696 25.110
202109 20.572 274.310 25.045
202112 23.468 278.802 28.110
202203 27.055 287.504 31.426
202206 31.022 296.311 34.963
202209 37.708 296.808 42.427
202212 37.147 296.797 41.797
202303 36.226 301.836 40.081
202306 34.185 305.109 37.417
202309 32.439 307.789 35.196
202312 29.519 306.746 32.137
202403 29.784 312.332 31.846
202406 30.165 314.175 32.064
202409 32.326 315.301 34.238
202412 34.305 315.605 36.299
202503 33.061 319.799 34.524
202506 32.482 322.561 33.629
202509 32.560 324.800 33.477
202512 49.064 324.054 50.563
202603 62.994 330.213 63.707
202606 54.537 333.952 54.537

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 Sanmina (FRA:SAYN) Overvalued in 2026?

Based on GuruFocus' analysis, Sanmina stock appears to be overvalued. The current stock price of €159.60 is trading 40.8% above its estimated GF Value™ of €113.38. GuruFocus considers Sanmina to be Significantly Overvalued.

Key valuation signals for FRA:SAYN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €113.38 vs. price of €159.60 (40.8% above fair value)
  • GF Score™: 90/100 with 3 warning signs

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


Sanmina Business Description

Other Exchanges SANM:USA
Address 2700 North First Street, San Jose, CA, USA, 95134
Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense, and aerospace end markets. The operations are managed as two businesses: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue mainly in the United States, China, and Mexico, but has a presence around the world.
90GF Score

Get the complete analysis for FRA:SAYN

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

€159.60
Price
€113.38
GF Value