ASM International NV (MEX:ASM1N) Cyclically Adjusted PS Ratio: 19.98 (As of Aug. 09, 2026) — 73% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

MEX:ASM1N ASM International NV MEX:ASM1N
97 GF Score
Price MXN17,388.64
GF Value MXN13,576.39
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is ASM International NV Cyclically Adjusted PS Ratio?

ASM International NV MEX:ASM1N 97 Cyclically Adjusted PS Ratio is 19.98 as of Aug. 09, 2026, which is 73% above its 10-year median of 11.57. GuruFocus rates MEX:ASM1N with a GF Score™ of 97/100 and a GF Value™ of MXN13,576.39 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 731 Semiconductors companies, ASM International NV ranks worse than 89.33% on this metric.

As of today (2026-08-09), ASM International NV's current share price is MXN17388.64. ASM International NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN870.18. ASM International NV's Cyclically Adjusted PS Ratio for today is 19.98.

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

MEX:ASM1N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.05   Med: 11.57   Max: 25.63
Current: 19.58

During the past years, ASM International NV's highest Cyclically Adjusted PS Ratio was 25.63. The lowest was 2.05. And the median was 11.57.

MEX:ASM1N's Cyclically Adjusted PS Ratio is ranked worse than
89.33% of 731 companies
in the Semiconductors industry
Industry Median: 3.01 vs MEX:ASM1N: 19.58

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.

ASM International NV's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN410.046. 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 MXN870.18 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASM International NV  (MEX:ASM1N) 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.


ASM International NV Cyclically Adjusted PS Ratio Related Terms


ASM International NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ASM International NV'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.

ASM International NV Cyclically Adjusted PS Ratio Chart

ASM International NV 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 19.75 10.10 16.96 16.58 13.04

ASM International NV 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 14.71 13.18 13.04 15.31 22.94

MEX:ASM1N vs AMAT, LRCX, KLAC: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, ASM International NV'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.


ASM International NV Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

* The bar in red indicates where ASM International NV's Cyclically Adjusted PS Ratio falls into.


MEX:ASM1N
97GF Score
ASM International NV MEX:ASM1N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASM International NV 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.

ASM International NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17388.64/870.18
=19.98

* 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.

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

For example, ASM International NV'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)
=410.046/137.7700*137.7700
=410.046

Current CPI (Jun. 2026) = 137.7700.

ASM International NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 51.383 100.570 70.389
201612 62.061 100.710 84.899
201703 52.281 101.440 71.005
201706 72.627 101.370 98.706
201709 64.965 102.030 87.722
201712 73.530 101.970 99.345
201803 64.103 102.470 86.186
201806 87.014 103.100 116.275
201809 81.769 103.950 108.372
201812 115.069 103.970 152.477
201903 109.085 105.370 142.627
201906 156.903 105.840 204.238
201909 117.147 106.700 151.259
201912 169.693 106.800 218.901
202003 170.340 106.850 219.633
202006 179.303 107.510 229.770
202009 165.567 107.880 211.440
202012 170.444 107.850 217.729
202103 195.465 108.870 247.352
202106 201.684 109.670 253.360
202109 214.039 110.790 266.163
202112 229.749 114.010 277.629
202203 232.062 119.460 267.631
202206 242.898 119.050 281.092
202209 249.423 126.890 270.809
202212 301.645 124.940 332.621
202303 276.229 124.720 305.132
202306 250.267 125.830 274.015
202309 233.517 127.160 253.001
202312 236.811 126.450 258.011
202403 233.042 128.580 249.698
202406 281.291 129.910 298.310
202409 345.035 131.610 361.184
202412 358.225 131.630 374.935
202503 377.985 133.330 390.572
202506 367.517 133.960 377.970
202509 350.771 135.920 355.545
202512 299.819 135.270 305.360
202603 366.181 136.910 368.481
202606 410.046 137.770 410.046

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 19.98 mean?
ASM International NV (MEX:ASM1N) has a Cyclically Adjusted PS Ratio of 19.98 as of Aug. 09, 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 ASM International NV and its competitors. This is 73% above median its historical median of 11.57. Over the past decade, ASM International NV's Cyclically Adjusted PS Ratio has ranged from 2.05 to 25.63. According to the industry distribution chart, ASM International NV ranks #653 out of 731 companies in the Semiconductors industry, placing it in the top 89.3%.
Is ASM International NV's Cyclically Adjusted PS Ratio too high?
ASM International NV's current Cyclically Adjusted PS Ratio of 19.98 is 73% above median its 10-year median of 11.57. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 25.63. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.01. ASM International NV's value of 19.98 is 563.8% above this industry median. Based on the distribution chart, ASM International NV ranks #653 out of 731 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, ASM International NV has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASM International NV's Cyclically Adjusted PS Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, ASM International NV ranks #653 out of 731 companies for Cyclically Adjusted PS Ratio. This places ASM International NV in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.01. ASM International NV's value of 19.98 is 563.8% above this benchmark. Historically, ASM International NV's own Cyclically Adjusted PS Ratio has ranged from 2.05 to 25.63 over the past decade. While the company's 10-year median is 11.57 vs. the industry median of 3.01, ASM International NV has consistently been above 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 3.01, based on 731 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. ASM International NV's current Cyclically Adjusted PS Ratio of 19.98 is 563.8% above 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 ASM International NV and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASM International NV's current Cyclically Adjusted PS Ratio is 19.98, which is 73% above median its own 10-year median of 11.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASM International NV stock overvalued right now?
Based on GuruFocus' analysis, ASM International NV (MEX:ASM1N) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN13,576.39, compared to a current price of MXN17,388.64 — trading 28.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 19.98, which is 73% above median its 10-year median of 11.57 and 563.8% above the Semiconductors industry median of 3.01. ASM International NV's overall GF Score™ is 97/100 with 1 warning sign 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 ASM International NV (MEX:ASM1N), the current Cyclically Adjusted PS Ratio is 19.98 as of Aug. 09, 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 ASM International NV (MEX:ASM1N) Overvalued in 2026?

Based on GuruFocus' analysis, ASM International NV stock appears to be overvalued. The current stock price of MXN17,388.64 is trading 28.1% above its estimated GF Value™ of MXN13,576.39. GuruFocus considers ASM International NV to be Modestly Overvalued.

Key valuation signals for MEX:ASM1N:

  • Cyclically Adjusted PS Ratio: 19.98 (73% above median its 10-year median of 11.57)
  • GF Value™: MXN13,576.39 vs. price of MXN17,388.64 (28.1% above fair value)
  • GF Score™: 97/100 with 1 warning sign
  • Industry Position: 563.8% above the Semiconductors median (#653 of 731)

No single metric tells the full story. See the MEX:ASM1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASM International NV Business Description

Address Versterkerstraat 8, Almere, FL, NLD, 1322 AP
ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, a precise deposition technique that is required in the most advanced semiconductors. ASM's main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer's innovation and product road maps. Once a machine is established in a fab, it can generate service revenue for decades.
97GF Score

Get the complete analysis for MEX:ASM1N

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

MXN17,388.64
Price
MXN13,576.39
GF Value