Centrotherm international AG (HAM:CTNK) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

HAM:CTNK Centrotherm international AG HAM:CTNK
66 GF Score
Price €9.15
GF Value €5.97
! 2 Warning Signs
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What is Centrotherm international AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Centrotherm international AG  (HAM:CTNK) 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.


Centrotherm international AG Cyclically Adjusted PS Ratio Related Terms


Centrotherm international AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Centrotherm international 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.

Centrotherm international AG Cyclically Adjusted PS Ratio Chart

Centrotherm international 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 - 0.65 0.61 0.40 1.21

Centrotherm international AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.60 0.49 0.39 0.65 1.19

HAM:CTNK vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, Centrotherm international 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.


Centrotherm international AG Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


HAM:CTNK
66GF Score
Centrotherm international AG HAM:CTNK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Centrotherm international 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.

Centrotherm international AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Centrotherm international AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=9.974/129.3606*129.3606
=9.974

Current CPI (Dec25) = 129.3606.

Centrotherm international AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 6.822 101.217 8.719
201712 4.813 102.617 6.067
201812 7.150 104.217 8.875
201912 4.683 105.818 5.725
202012 5.068 105.518 6.213
202112 8.298 110.384 9.725
202212 8.528 119.345 9.244
202312 7.147 123.773 7.470
202412 11.256 127.041 11.462
202512 9.974 129.361 9.974

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 Centrotherm international AG (HAM:CTNK) Overvalued in 2026?

Based on GuruFocus' analysis, Centrotherm international AG stock appears to be overvalued. The current stock price of €9.15 is trading 53.3% above its estimated GF Value™ of €5.97.

Key valuation signals for HAM:CTNK:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €5.97 vs. price of €9.15 (53.3% above fair value)
  • GF Score™: 66/100 with 2 warning signs

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


Centrotherm international AG Business Description

Other Exchanges CTNK:Germany
Address Wurttemberger Strasse 31, Blaubeuren, DEU, 89143
Centrotherm international AG provides manufacturing solutions for the photovoltaic, semiconductor and microelectronics industry. The company operates in three segments: Silicon and Wafer, Solar Cell and Module (including Semiconductors and Microelectronics) and Thin Film Module. Silicon and Wafer segment offers planning, technology and engineering services for the design and process optimization of polysilicon, ingot and wafer manufacturing. Solar Cell and Module segment is engaged in the development and sales of production lines for the manufacture of crystalline solar cells, including engineering and technological process services. The Thin Film Module, the company provides development and sales of production lines for CIGS (Copper Indium Gallium Diselenide) thin film modules.
66GF Score

Get the complete analysis for HAM:CTNK

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

€9.15
Price
€5.97
GF Value