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CognexMEX:CGNX 72 Cyclically Adjusted PS Ratio is 11.93 as of Aug. 22, 2026, which is 22% below its 10-year median of 15.39. GuruFocus rates MEX:CGNX with a GF Score™ of 72/100 and a GF Value™ of MXN918.72 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,975 Hardware companies, Cognex ranks worse than 91.39% on this metric.
As of today (2026-08-22), Cognex's current share price is MXN1055.00. Cognex's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN88.43. Cognex's Cyclically Adjusted PS Ratio for today is 11.93.
The historical rank and industry rank for Cognex's Cyclically Adjusted PS Ratio or its related term are showing as below:
MEX:CGNX'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.43 Med: 15.39 Max: 31.52
Current: 10.2
During the past years, Cognex's highest Cyclically Adjusted PS Ratio was 31.52. The lowest was 4.43. And the median was 15.39.
MEX:CGNX's Cyclically Adjusted PS Ratio is ranked worse than 91.39% of 1975
companies
in the Hardware industry
Industry Median: 1.39
vs MEX:CGNX: 10.20
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.
Cognex's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN29.898. 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 MXN88.43 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Cognex (MEX:CGNX) 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.
Cognex Cyclically Adjusted PS Ratio Related Terms
Cognex Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Cognex'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.
MEX:CGNX vs ESE, TRMB, ST: Cyclically Adjusted PS Ratio Comparison
For the Scientific & Technical Instruments subindustry, Cognex'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.
Cognex Cyclically Adjusted PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Cognex's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Cognex's Cyclically Adjusted PS Ratio falls into.
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.
Cognex's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 11.93 mean?
Cognex (MEX:CGNX) has a Cyclically Adjusted PS Ratio of 11.93 as of Aug. 22, 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 Cognex and its competitors. This is 22% below median its historical median of 15.39. Over the past decade, Cognex's Cyclically Adjusted PS Ratio has ranged from 4.43 to 31.52. According to the industry distribution chart, Cognex ranks #1805 out of 1975 companies in the Hardware industry, placing it in the top 91.4%.
Is Cognex's Cyclically Adjusted PS Ratio too high?
Cognex's current Cyclically Adjusted PS Ratio of 11.93 is 22% below median its 10-year median of 15.39. Over the past 10 years, this metric has ranged from a low of 4.43 to a high of 31.52. The Hardware industry median Cyclically Adjusted PS Ratio is 1.39. Cognex's value of 11.93 is 758.3% above this industry median. Based on the distribution chart, Cognex ranks #1805 out of 1975 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Cognex has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cognex's Cyclically Adjusted PS Ratio compare to ESE and TRMB?
According to the Hardware industry distribution chart, Cognex ranks #1805 out of 1975 companies for Cyclically Adjusted PS Ratio. This places Cognex in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.39. Cognex's value of 11.93 is 758.3% above this benchmark. Historically, Cognex's own Cyclically Adjusted PS Ratio has ranged from 4.43 to 31.52 over the past decade. While the company's 10-year median is 15.39 vs. the industry median of 1.39, Cognex 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.39, based on 1,975 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. Cognex's current Cyclically Adjusted PS Ratio of 11.93 is 758.3% 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 Cognex and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cognex's current Cyclically Adjusted PS Ratio is 11.93, which is 22% below median its own 10-year median of 15.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognex stock overvalued right now?
Based on GuruFocus' analysis, Cognex (MEX:CGNX) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN918.72, compared to a current price of MXN1,055.00 — trading 14.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 11.93, which is 22% below median its 10-year median of 15.39 and 758.3% above the Hardware industry median of 1.39. Cognex's overall GF Score™ is 72/100 with 4 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 Cognex (MEX:CGNX), the current Cyclically Adjusted PS Ratio is 11.93 as of Aug. 22, 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 Cognex (MEX:CGNX) Overvalued in 2026?
Based on GuruFocus' analysis, Cognex stock appears to be overvalued.
The current stock price of MXN1,055.00 is trading 14.8% above its estimated GF Value™ of MXN918.72.
GuruFocus considers Cognex to be Modestly Overvalued.
Key valuation signals for MEX:CGNX:
Cyclically Adjusted PS Ratio: 11.93 (22% below median its 10-year median of 15.39)
GF Value™: MXN918.72 vs. price of MXN1,055.00 (14.8% above fair value)
Industry Position: 758.3% above the Hardware median (#1805 of 1975)
No single metric tells the full story. See the MEX:CGNX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. Geographically, it operates in United states, Europe, Greater China and others. Cognex generates the maximum proportion of its sales in the United States and Europe.
72GF Score
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