Ultra Clean Holdings (FRA:UCE) Cyclically Adjusted PS Ratio: 2.50 (As of Jul. 17, 2026) — 145% Above Median

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FRA:UCE Ultra Clean Holdings Inc FRA:UCE
62 GF Score
Price €83.80
GF Value €35.24
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ultra Clean Holdings Cyclically Adjusted PS Ratio?

Ultra Clean Holdings FRA:UCE -3.57% 62 Cyclically Adjusted PS Ratio is 2.50 as of Jul. 17, 2026, which is 145% above its 10-year median of 1.02. GuruFocus rates FRA:UCE with a GF Score™ of 62/100 and a GF Value™ of €35.24 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 733 Semiconductors companies, Ultra Clean Holdings ranks better than 60.57% on this metric.

As of today (2026-07-17), Ultra Clean Holdings's current share price is €83.80. Ultra Clean Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €33.55. Ultra Clean Holdings's Cyclically Adjusted PS Ratio for today is 2.50.

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

FRA:UCE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.35   Med: 1.02   Max: 2.79
Current: 2.13

During the past years, Ultra Clean Holdings's highest Cyclically Adjusted PS Ratio was 2.79. The lowest was 0.35. And the median was 1.02.

FRA:UCE's Cyclically Adjusted PS Ratio is ranked better than
60.57% of 733 companies
in the Semiconductors industry
Industry Median: 3.24 vs FRA:UCE: 2.13

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.

Ultra Clean Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was €10.191. 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 €33.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ultra Clean Holdings  (FRA:UCE) 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.


Ultra Clean Holdings Cyclically Adjusted PS Ratio Related Terms


Ultra Clean Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ultra Clean Holdings'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.

Ultra Clean Holdings Cyclically Adjusted PS Ratio Chart

Ultra Clean Holdings 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 2.12 1.03 0.97 0.94 0.60

Ultra Clean Holdings 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 0.54 0.56 0.66 0.60 1.43

FRA:UCE vs ACLS, AXTI, IPGP: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Ultra Clean Holdings'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.


Ultra Clean Holdings Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


FRA:UCE
62GF Score
Ultra Clean Holdings Inc FRA:UCE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultra Clean Holdings 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.

Ultra Clean Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=83.80/33.55
=2.50

* 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.

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

For example, Ultra Clean Holdings'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)
=10.191/330.2130*330.2130
=10.191

Current CPI (Mar. 2026) = 330.2130.

Ultra Clean Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.524 241.018 4.828
201609 3.934 241.428 5.381
201612 4.875 241.432 6.668
201703 5.649 243.801 7.651
201706 5.964 244.955 8.040
201709 5.924 246.819 7.926
201712 6.088 246.524 8.155
201803 6.811 249.554 9.012
201806 6.322 251.989 8.285
201809 5.153 252.439 6.741
201812 5.747 251.233 7.554
201903 5.842 254.202 7.589
201906 5.961 256.143 7.685
201909 5.773 256.759 7.425
201912 6.476 256.974 8.322
202003 7.135 258.115 9.128
202006 7.504 257.797 9.612
202009 7.505 260.280 9.521
202012 7.286 260.474 9.237
202103 8.432 264.877 10.512
202106 9.653 271.696 11.732
202109 10.367 274.310 12.480
202112 11.707 278.802 13.866
202203 11.233 287.504 12.902
202206 12.740 296.311 14.198
202209 14.065 296.808 15.648
202212 11.700 296.797 13.017
202303 9.034 301.836 9.883
202306 8.703 305.109 9.419
202309 9.098 307.789 9.761
202312 9.184 306.746 9.887
202403 9.854 312.332 10.418
202406 10.561 314.175 11.100
202409 10.820 315.301 11.332
202412 11.902 315.605 12.453
202503 10.636 319.799 10.982
202506 9.951 322.561 10.187
202509 9.571 324.800 9.731
202512 9.490 324.054 9.670
202603 10.191 330.213 10.191

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 2.50 mean?
Ultra Clean Holdings (FRA:UCE) has a Cyclically Adjusted PS Ratio of 2.50 as of Jul. 17, 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 Ultra Clean Holdings and its competitors. This is 145% above median its historical median of 1.02. Over the past decade, Ultra Clean Holdings' Cyclically Adjusted PS Ratio has ranged from 0.35 to 2.79. According to the industry distribution chart, Ultra Clean Holdings ranks #289 out of 733 companies in the Semiconductors industry, placing it in the top 39.4%.
Is Ultra Clean Holdings' Cyclically Adjusted PS Ratio too high?
Ultra Clean Holdings' current Cyclically Adjusted PS Ratio of 2.50 is 145% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 2.79. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.24. Ultra Clean Holdings' value of 2.50 is 22.8% below this industry median. Based on the distribution chart, Ultra Clean Holdings ranks #289 out of 733 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Ultra Clean Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ultra Clean Holdings' Cyclically Adjusted PS Ratio compare to ACLS and AXTI?
According to the Semiconductors industry distribution chart, Ultra Clean Holdings ranks #289 out of 733 companies for Cyclically Adjusted PS Ratio. This puts Ultra Clean Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.24. Ultra Clean Holdings' value of 2.50 is 22.8% below this benchmark. Historically, Ultra Clean Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.35 to 2.79 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 3.24, Ultra Clean Holdings 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 3.24, based on 733 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. Ultra Clean Holdings's current Cyclically Adjusted PS Ratio of 2.50 is 22.8% 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 Ultra Clean Holdings and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultra Clean Holdings's current Cyclically Adjusted PS Ratio is 2.50, which is 145% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultra Clean Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ultra Clean Holdings (FRA:UCE) is currently considered Significantly Overvalued. The stock's GF Value™ is €35.24, compared to a current price of €83.80 — trading 137.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.50, which is 145% above median its 10-year median of 1.02 and 22.8% below the Semiconductors industry median of 3.24. Ultra Clean Holdings' overall GF Score™ is 62/100 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 Ultra Clean Holdings (FRA:UCE), the current Cyclically Adjusted PS Ratio is 2.50 as of Jul. 17, 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 Ultra Clean Holdings (FRA:UCE) Overvalued in 2026?

Based on GuruFocus' analysis, Ultra Clean Holdings stock appears to be overvalued. The current stock price of €83.80 is trading 137.8% above its estimated GF Value™ of €35.24. GuruFocus considers Ultra Clean Holdings to be Significantly Overvalued.

Key valuation signals for FRA:UCE:

  • Cyclically Adjusted PS Ratio: 2.50 (145% above median its 10-year median of 1.02)
  • GF Value™: €35.24 vs. price of €83.80 (137.8% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 22.8% below the Semiconductors median (#289 of 733)

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


Ultra Clean Holdings Business Description

Other Exchanges UCTT:USA0LID:UK
Address 26462 Corporate Avenue, Hayward, CA, USA, 94545
Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. It has two segments: Products and Services. Its principal markets are the Americas, Asia Pacific, and EMEA.
62GF Score

Get the complete analysis for FRA:UCE

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

€83.80
Price
€35.24
GF Value