Siltronic AG (FRA:WAF) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.
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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:WAF Siltronic AG FRA:WAF
76 GF Score
Price €77.15
GF Value €54.00
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Siltronic AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Siltronic AG  (FRA:WAF) 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.


Siltronic AG Cyclically Adjusted PS Ratio Related Terms


Siltronic AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Siltronic 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.

Siltronic AG Cyclically Adjusted PS Ratio Chart

Siltronic 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 3.64 1.54 1.83 0.93 0.90

Siltronic 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 0.81 0.87 0.89 1.01 1.55

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

For the Semiconductors subindustry, Siltronic 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.


Siltronic AG Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


FRA:WAF
76GF Score
Siltronic AG FRA:WAF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siltronic 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.

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

For example, Siltronic 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)
=10.555/131.3638*131.3638
=10.555

Current CPI (Jun. 2026) = 131.3638.

Siltronic AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.900 101.017 10.273
201612 8.210 101.217 10.655
201703 8.600 101.417 11.139
201706 9.437 102.117 12.140
201709 10.270 102.717 13.134
201712 10.937 102.617 14.001
201803 10.913 102.917 13.929
201806 12.043 104.017 15.209
201809 12.660 104.718 15.881
201812 12.940 104.217 16.311
201903 11.813 104.217 14.890
201906 10.393 105.718 12.914
201909 9.993 106.018 12.382
201912 10.143 105.818 12.592
202003 10.003 105.718 12.430
202006 10.770 106.618 13.270
202009 9.973 105.818 12.381
202012 9.483 105.518 11.806
202103 10.537 107.518 12.874
202106 11.370 108.486 13.768
202109 12.387 109.435 14.869
202112 12.553 110.384 14.939
202203 13.900 113.968 16.022
202206 14.740 115.760 16.727
202209 15.800 118.818 17.468
202212 15.737 119.345 17.322
202303 13.480 122.402 14.467
202306 13.457 123.140 14.356
202309 11.637 124.195 12.309
202312 11.887 123.773 12.616
202403 11.450 125.038 12.029
202406 11.710 125.882 12.220
202409 11.910 126.198 12.398
202412 12.020 127.041 12.429
202503 11.527 127.779 11.850
202506 10.970 128.412 11.222
202509 10.010 129.255 10.173
202512 12.387 129.361 12.579
202603 10.217 131.258 10.225
202606 10.555 131.364 10.555

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 Siltronic AG (FRA:WAF) Overvalued in 2026?

Based on GuruFocus' analysis, Siltronic AG stock appears to be overvalued. The current stock price of €77.15 is trading 42.9% above its estimated GF Value™ of €54.00. GuruFocus considers Siltronic AG to be Significantly Overvalued.

Key valuation signals for FRA:WAF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €54.00 vs. price of €77.15 (42.9% above fair value)
  • GF Score™: 76/100 with 6 warning signs

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


Siltronic AG Business Description

Address Einsteinstrassee 172, Munich, BY, DEU, 81677
Siltronic AG is engaged in the development, production, and marketing of semiconductor wafers. The company has production facilities in Asia, Europe, and the USA. The company offers Annealed Wafers, Floatzone, Power products, and Ultimate Silicon. Its geographic segments consist of Germany; Europe excluding Germany; the United States; Taiwan & (mainland) China; South Korea, and Asia excluding Taiwan, and (mainland) China.
76GF Score

Get the complete analysis for FRA:WAF

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

€77.15
Price
€54.00
GF Value