STMicroelectronics NV (FRA:SGM) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SGM STMicroelectronics NV FRA:SGM
81 GF Score
Price €43.54
GF Value €27.84
Valuation Significantly Overvalued
! 5 Warning Signs
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What is STMicroelectronics NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


STMicroelectronics NV  (FRA:SGM) 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 5.24 3.51 4.26 2.13 1.89

STMicroelectronics NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 2.28 2.12 1.92 2.41 5.47

FRA:SGM 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.


FRA:SGM
81GF Score
STMicroelectronics NV FRA:SGM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, STMicroelectronics NV'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)
=3.232/108.5600*108.5600
=3.232

Current CPI (Jun. 2026) = 108.5600.

STMicroelectronics NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.703 100.088 1.847
201609 1.816 99.604 1.979
201612 1.939 99.380 2.118
201703 1.754 100.040 1.903
201706 1.918 100.285 2.076
201709 2.020 100.254 2.187
201712 2.302 100.213 2.494
201803 1.980 100.836 2.132
201806 2.080 101.435 2.226
201809 2.388 101.246 2.561
201812 2.563 100.906 2.757
201903 2.025 101.571 2.164
201906 2.145 102.044 2.282
201909 2.551 101.396 2.731
201912 2.733 101.063 2.936
202003 2.209 101.048 2.373
202006 2.080 100.743 2.241
202009 2.477 100.585 2.673
202012 2.921 100.241 3.163
202103 2.688 100.800 2.895
202106 2.750 101.352 2.946
202109 2.939 101.533 3.142
202112 3.390 101.776 3.616
202203 3.333 103.205 3.506
202206 3.951 104.783 4.093
202209 4.537 104.835 4.698
202212 4.596 104.666 4.767
202303 4.187 106.245 4.278
202306 4.208 106.576 4.286
202309 4.315 106.570 4.396
202312 4.224 106.461 4.307
202403 3.388 107.355 3.426
202409 3.153 107.468 3.185
202412 3.327 107.128 3.371
202503 2.562 107.722 2.582
202506 2.730 108.075 2.742
202509 2.968 107.710 2.991
202512 3.213 107.200 3.254
202603 2.893 108.060 2.906
202606 3.232 108.560 3.232

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 STMicroelectronics NV (FRA:SGM) Overvalued in 2026?

Based on GuruFocus' analysis, STMicroelectronics NV stock appears to be overvalued. The current stock price of €43.54 is trading 56.4% above its estimated GF Value™ of €27.84. GuruFocus considers STMicroelectronics NV to be Significantly Overvalued.

Key valuation signals for FRA:SGM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €27.84 vs. price of €43.54 (56.4% above fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the FRA:SGM 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.
81GF 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.

€43.54
Price
€27.84
GF Value