Canadian Solar (MEX:CSIQN) Cyclically Adjusted PS Ratio: 0.19 (As of Aug. 13, 2026) — 50% Below 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:CSIQN Canadian Solar Inc MEX:CSIQN
65 GF Score
Price MXN272.63
GF Value MXN255.81
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Canadian Solar Cyclically Adjusted PS Ratio?

Canadian Solar MEX:CSIQN 65 Cyclically Adjusted PS Ratio is 0.19 as of Aug. 13, 2026, which is 50% below its 10-year median of 0.38. GuruFocus rates MEX:CSIQN with a GF Score™ of 65/100 and a GF Value™ of MXN255.81 (Fairly Valued). The stock has 9 warning signs investors should review. Among 730 Semiconductors companies, Canadian Solar ranks better than 95.34% on this metric.

As of today (2026-08-13), Canadian Solar's current share price is MXN272.63. Canadian Solar's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN1,406.51. Canadian Solar's Cyclically Adjusted PS Ratio for today is 0.19.

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

MEX:CSIQN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.38   Max: 1.21
Current: 0.19

During the past years, Canadian Solar's highest Cyclically Adjusted PS Ratio was 1.21. The lowest was 0.09. And the median was 0.38.

MEX:CSIQN's Cyclically Adjusted PS Ratio is ranked better than
95.34% of 730 companies
in the Semiconductors industry
Industry Median: 3.02 vs MEX:CSIQN: 0.19

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.

Canadian Solar's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN286.606. 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 MXN1,406.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Solar  (MEX:CSIQN) 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.


Canadian Solar Cyclically Adjusted PS Ratio Related Terms


Canadian Solar Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Canadian Solar'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.

Canadian Solar Cyclically Adjusted PS Ratio Chart

Canadian Solar 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 0.54 0.45 0.34 0.14 0.29

Canadian Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.11 0.13 0.16 0.29 0.16

MEX:CSIQN vs ARRY, JKS, SHLS: Cyclically Adjusted PS Ratio Comparison

For the Solar subindustry, Canadian Solar'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.


Canadian Solar Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


MEX:CSIQN
65GF Score
Canadian Solar Inc MEX:CSIQN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Solar 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.

Canadian Solar's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=272.63/1406.51
=0.19

* 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.

Canadian Solar's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Canadian Solar's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=286.606/132.2623*132.2623
=286.606

Current CPI (Mar. 2026) = 132.2623.

Canadian Solar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 244.168 102.002 316.605
201609 218.094 101.765 283.454
201612 238.388 101.449 310.796
201703 220.428 102.634 284.062
201706 201.696 103.029 258.926
201709 279.249 103.345 357.388
201712 309.461 103.345 396.053
201803 417.852 105.004 526.323
201806 215.884 105.557 270.501
201809 231.927 105.636 290.386
201812 281.463 105.399 353.200
201903 158.744 106.979 196.261
201906 330.330 107.690 405.702
201909 246.546 107.611 303.023
201912 287.147 107.769 352.408
202003 322.207 107.927 394.857
202006 268.620 108.401 327.748
202009 332.064 108.164 406.045
202012 338.540 108.559 412.457
202103 329.728 110.298 395.390
202106 463.960 111.720 549.271
202109 361.876 112.905 423.919
202112 444.787 113.774 517.065
202203 384.668 117.646 432.461
202206 654.770 120.806 716.864
202209 544.400 120.648 596.808
202212 538.947 120.964 589.286
202303 429.340 122.702 462.792
202306 565.331 124.203 602.013
202309 440.950 125.230 465.710
202312 398.186 125.072 421.076
202403 330.991 126.258 346.733
202406 447.284 127.522 463.912
202409 443.512 127.285 460.856
202412 464.912 127.364 482.793
202503 365.587 129.181 374.307
202506 474.850 129.892 483.515
202509 403.508 130.287 409.625
202512 323.656 130.366 328.364
202603 286.606 132.262 286.606

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 0.19 mean?
Canadian Solar (MEX:CSIQN) has a Cyclically Adjusted PS Ratio of 0.19 as of Aug. 13, 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 Canadian Solar and its competitors. This is 50% below median its historical median of 0.38. Over the past decade, Canadian Solar's Cyclically Adjusted PS Ratio has ranged from 0.09 to 1.21. According to the industry distribution chart, Canadian Solar ranks #34 out of 730 companies in the Semiconductors industry, placing it in the top 4.7%.
Is Canadian Solar's Cyclically Adjusted PS Ratio too high?
Canadian Solar's current Cyclically Adjusted PS Ratio of 0.19 is 50% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.21. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.02. Canadian Solar's value of 0.19 is 93.7% below this industry median. Based on the distribution chart, Canadian Solar ranks #34 out of 730 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Canadian Solar has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian Solar's Cyclically Adjusted PS Ratio compare to ARRY and JKS?
According to the Semiconductors industry distribution chart, Canadian Solar ranks #34 out of 730 companies for Cyclically Adjusted PS Ratio. This places Canadian Solar in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.02. Canadian Solar's value of 0.19 is 93.7% below this benchmark. Historically, Canadian Solar's own Cyclically Adjusted PS Ratio has ranged from 0.09 to 1.21 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 3.02, Canadian Solar 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 3.02, based on 730 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. Canadian Solar's current Cyclically Adjusted PS Ratio of 0.19 is 93.7% 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 Canadian Solar and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Solar's current Cyclically Adjusted PS Ratio is 0.19, which is 50% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Solar stock overvalued right now?
Based on GuruFocus' analysis, Canadian Solar (MEX:CSIQN) is currently considered Fairly Valued. The stock's GF Value™ is MXN255.81, compared to a current price of MXN272.63 — trading 6.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.19, which is 50% below median its 10-year median of 0.38 and 93.7% below the Semiconductors industry median of 3.02. Canadian Solar's overall GF Score™ is 65/100 with 9 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 Canadian Solar (MEX:CSIQN), the current Cyclically Adjusted PS Ratio is 0.19 as of Aug. 13, 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 Canadian Solar (MEX:CSIQN) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Solar stock appears to be overvalued. The current stock price of MXN272.63 is trading 6.6% above its estimated GF Value™ of MXN255.81. GuruFocus considers Canadian Solar to be Fairly Valued.

Key valuation signals for MEX:CSIQN:

  • Cyclically Adjusted PS Ratio: 0.19 (50% below median its 10-year median of 0.38)
  • GF Value™: MXN255.81 vs. price of MXN272.63 (6.6% above fair value)
  • GF Score™: 65/100 with 9 warning signs
  • Industry Position: 93.7% below the Semiconductors median (#34 of 730)

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


Canadian Solar Business Description

Other Exchanges CSIQ:USAL5A:Germany
Address 4273 King Street East, Suite 102, Kitchener, ON, CAN, N2P 2E9
Canadian Solar Inc is a Canadian solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects. The company is organized in two segments: Manufacturing segment, comprising CS PowerTech, which focuses on manufacturing and sales of solar products, battery energy storage products, and other power technology products for the U.S. market and CSI Solar, which serves all other world-wide markets; and Recurrent Energy segment, which focuses on solar power and battery storage project development, asset sales, power services, and electricity revenue from its operating portfolio. It derives maximum revenue from Manufacturing segment.
65GF Score

Get the complete analysis for MEX:CSIQN

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

MXN272.63
Price
MXN255.81
GF Value