Western Digital (LTS:0QZF) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.

LTS:0QZF Western Digital Corp LTS:0QZF
67 GF Score
Price $440.47
GF Value $105.77
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Western Digital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Digital  (LTS:0QZF) 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.


Western Digital Cyclically Adjusted PS Ratio Related Terms


Western Digital Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Western Digital'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.

Western Digital Cyclically Adjusted PS Ratio Chart

Western Digital Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.42 0.90 1.06 11.02

Western Digital 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 1.03 1.93 2.87 4.42 10.65

LTS:0QZF vs STX, SNDK, ANET: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Western Digital'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.


Western Digital Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Western Digital's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0QZF
67GF Score
Western Digital Corp LTS:0QZF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Digital 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.

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

For example, Western Digital'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)
=9.632/333.9520*333.9520
=9.632

Current CPI (Jun. 2026) = 333.9520.

Western Digital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 16.540 241.428 22.879
201612 16.626 241.432 22.997
201703 15.548 243.801 21.297
201706 16.086 244.955 21.930
201709 16.931 246.819 22.908
201712 18.027 246.524 24.420
201803 16.276 249.554 21.780
201806 16.668 251.989 22.090
201809 16.872 252.439 22.320
201812 14.597 251.233 19.403
201903 12.582 254.202 16.529
201906 12.361 256.143 16.116
201909 13.649 256.759 17.752
201912 14.208 256.974 18.464
202003 13.779 258.115 17.827
202006 14.243 257.797 18.450
202009 12.944 260.280 16.608
202012 12.844 260.474 16.467
202103 13.217 264.877 16.664
202106 15.619 271.696 19.198
202109 15.984 274.310 19.459
202112 15.343 278.802 18.378
202203 13.864 287.504 16.104
202206 14.239 296.311 16.048
202209 11.712 296.808 13.178
202212 9.770 296.797 10.993
202303 8.787 301.836 9.722
202306 8.324 305.109 9.111
202309 8.514 307.789 9.238
202312 9.329 306.746 10.156
202403 5.230 312.332 5.592
202406 6.018 314.175 6.397
202409 6.196 315.301 6.563
202412 6.748 315.605 7.140
202503 6.408 319.799 6.692
202506 7.196 322.561 7.450
202509 7.495 324.800 7.706
202512 7.919 324.054 8.161
202603 8.623 330.213 8.721
202606 9.632 333.952 9.632

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 Western Digital (LTS:0QZF) Overvalued in 2026?

Based on GuruFocus' analysis, Western Digital stock appears to be overvalued. The current stock price of $440.47 is trading 316.4% above its estimated GF Value™ of $105.77. GuruFocus considers Western Digital to be Significantly Overvalued.

Key valuation signals for LTS:0QZF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $105.77 vs. price of $440.47 (316.4% above fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the LTS:0QZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Digital Business Description

Address 5601 Great Oaks Parkway, San Jose, CA, USA, 95119
Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly, with Western Digital and Seagate being the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
67GF Score

Get the complete analysis for LTS:0QZF

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

$440.47
Price
$105.77
GF Value