CML Microsystems (LSE:CML) Cyclically Adjusted PS Ratio: 1.68 (As of Jul. 12, 2026) — 30% Below Median


LSE:CML CML Microsystems PLC LSE:CML
69 GF Score
Price £2.65
GF Value £2.84
Valuation Fairly Valued
! 5 Warning Signs
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What is CML Microsystems Cyclically Adjusted PS Ratio?

CML Microsystems LSE:CML 69 Cyclically Adjusted PS Ratio is 1.68 as of Jul. 12, 2026, which is 30% below its 10-year median of 2.41. GuruFocus rates LSE:CML with a GF Score™ of 69/100 and a GF Value™ of £2.84 (Fairly Valued). The stock has 5 warning signs investors should review. Among 732 Semiconductors companies, CML Microsystems ranks better than 66.8% on this metric.

As of today (2026-07-12), CML Microsystems's current share price is £2.65. CML Microsystems's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was £1.58. CML Microsystems's Cyclically Adjusted PS Ratio for today is 1.68.

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

LSE:CML' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.28   Med: 2.41   Max: 3.82
Current: 1.67

During the past 13 years, CML Microsystems's highest Cyclically Adjusted PS Ratio was 3.82. The lowest was 1.28. And the median was 2.41.

LSE:CML's Cyclically Adjusted PS Ratio is ranked better than
66.8% of 732 companies
in the Semiconductors industry
Industry Median: 3.29 vs LSE:CML: 1.67

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.

CML Microsystems's adjusted revenue per share data of for the fiscal year that ended in Mar26 was £1.257. 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 £1.58 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


CML Microsystems  (LSE:CML) 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.


CML Microsystems Cyclically Adjusted PS Ratio Related Terms


CML Microsystems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CML Microsystems'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.

CML Microsystems Cyclically Adjusted PS Ratio Chart

CML Microsystems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.23 3.32 1.96 1.34 1.41

CML Microsystems Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.96 0.00 1.34 0.00 1.41

LSE:CML vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, CML Microsystems'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.


CML Microsystems Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


LSE:CML
69GF Score
CML Microsystems PLC LSE:CML
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CML Microsystems 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.

CML Microsystems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.65/1.58
=1.68

* 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.

CML Microsystems's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, CML Microsystems's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=1.257/140.8000*140.8000
=1.257

Current CPI (Mar26) = 140.8000.

CML Microsystems Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 1.638 102.700 2.246
201803 1.833 105.100 2.456
201903 1.605 107.000 2.112
202003 0.871 108.600 1.129
202103 0.781 109.700 1.002
202203 1.007 116.500 1.217
202303 1.284 126.800 1.426
202403 1.429 131.600 1.529
202503 1.425 136.100 1.474
202603 1.257 140.800 1.257

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 1.68 mean?
CML Microsystems (LSE:CML) has a Cyclically Adjusted PS Ratio of 1.68 as of Jul. 12, 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 CML Microsystems and its competitors. This is 30% below median its historical median of 2.41. Over the past decade, CML Microsystems' Cyclically Adjusted PS Ratio has ranged from 1.28 to 3.82. According to the industry distribution chart, CML Microsystems ranks #243 out of 732 companies in the Semiconductors industry, placing it in the top 33.2%.
Is CML Microsystems' Cyclically Adjusted PS Ratio too high?
CML Microsystems' current Cyclically Adjusted PS Ratio of 1.68 is 30% below median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 3.82. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.29. CML Microsystems' value of 1.68 is 48.9% below this industry median. Based on the distribution chart, CML Microsystems ranks #243 out of 732 companies in the Semiconductors industry, which is above the industry midpoint. Overall, CML Microsystems has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CML Microsystems' Cyclically Adjusted PS Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, CML Microsystems ranks #243 out of 732 companies for Cyclically Adjusted PS Ratio. This puts CML Microsystems in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.29. CML Microsystems' value of 1.68 is 48.9% below this benchmark. Historically, CML Microsystems' own Cyclically Adjusted PS Ratio has ranged from 1.28 to 3.82 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 3.29, CML Microsystems 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 3.29, based on 732 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. CML Microsystems's current Cyclically Adjusted PS Ratio of 1.68 is 48.9% 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 CML Microsystems and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CML Microsystems's current Cyclically Adjusted PS Ratio is 1.68, which is 30% below median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CML Microsystems stock overvalued right now?
Based on GuruFocus' analysis, CML Microsystems (LSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is £2.84, compared to a current price of £2.65 — trading 6.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.68, which is 30% below median its 10-year median of 2.41 and 48.9% below the Semiconductors industry median of 3.29. CML Microsystems' overall GF Score™ is 69/100 with 5 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 CML Microsystems (LSE:CML), the current Cyclically Adjusted PS Ratio is 1.68 as of Jul. 12, 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 CML Microsystems (LSE:CML) Overvalued in 2026?

Based on GuruFocus' analysis, CML Microsystems stock appears to be undervalued. The current stock price of £2.65 is trading 6.7% below its estimated GF Value™ of £2.84. GuruFocus considers CML Microsystems to be Fairly Valued.

Key valuation signals for LSE:CML:

  • Cyclically Adjusted PS Ratio: 1.68 (30% below median its 10-year median of 2.41)
  • GF Value™: £2.84 vs. price of £2.65 (6.7% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 48.9% below the Semiconductors median (#243 of 732)

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


CML Microsystems Business Description

Other Exchanges 92M:Germany
Address Oval Park, Langford, Maldon, Essex, GBR, CM9 6WG
CML Microsystems PLC designs manufacture and markets a range of semiconductors for industrial and professional applications within the storage, wireless, and wireline communications market areas. It operates internationally with subsidiaries across the United Kingdom, Europe, the Americas, and the Far East. The company is focused only one reporting segment, the Semiconductor segment.
69GF Score

Get the complete analysis for LSE:CML

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

£2.65
Price
£2.84
GF Value