KLA (MEX:KLAC) Cyclically Adjusted PS Ratio: 32.87 (As of Jul. 18, 2026) — 210% 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:KLAC KLA Corp MEX:KLAC
81 GF Score
Price MXN3,759.00
GF Value MXN1,794.07
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is KLA Cyclically Adjusted PS Ratio?

KLA MEX:KLAC -2.66% 81 Cyclically Adjusted PS Ratio is 32.87 as of Jul. 18, 2026, which is 210% above its 10-year median of 10.60. GuruFocus rates MEX:KLAC with a GF Score™ of 81/100 and a GF Value™ of MXN1,794.07 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 733 Semiconductors companies, KLA ranks worse than 95.23% on this metric.

As of today (2026-07-18), KLA's current share price is MXN3759.00. KLA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN114.36. KLA's Cyclically Adjusted PS Ratio for today is 32.87.

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

MEX:KLAC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.09   Med: 10.6   Max: 42.34
Current: 34.72

During the past years, KLA's highest Cyclically Adjusted PS Ratio was 42.34. The lowest was 4.09. And the median was 10.60.

MEX:KLAC's Cyclically Adjusted PS Ratio is ranked worse than
95.23% of 733 companies
in the Semiconductors industry
Industry Median: 3.24 vs MEX:KLAC: 34.72

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.

KLA's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN46.742. 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 MXN114.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KLA  (MEX:KLAC) 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.


KLA Cyclically Adjusted PS Ratio Related Terms


KLA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KLA'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.

KLA Cyclically Adjusted PS Ratio Chart

KLA Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.92 9.51 12.14 17.88 16.52

KLA 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 13.07 16.52 19.10 20.88 24.03

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

For the Semiconductor Equipment & Materials subindustry, KLA'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.


KLA Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


MEX:KLAC
81GF Score
KLA Corp MEX:KLAC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KLA 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.

KLA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3759.00/114.36
=32.87

* 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.

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

For example, KLA'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)
=46.742/330.2130*330.2130
=46.742

Current CPI (Mar. 2026) = 330.2130.

KLA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 10.846 241.018 14.860
201609 9.244 241.428 12.643
201612 11.506 241.432 15.737
201703 10.907 243.801 14.773
201706 10.736 244.955 14.473
201709 11.148 246.819 14.915
201712 12.239 246.524 16.394
201803 11.803 249.554 15.618
201806 13.401 251.989 17.561
201809 13.102 252.439 17.139
201812 14.405 251.233 18.933
201903 13.542 254.202 17.591
201906 14.934 256.143 19.253
201909 17.425 256.759 22.410
201912 17.947 256.974 23.062
202003 21.244 258.115 27.178
202006 21.560 257.797 27.616
202009 21.727 260.280 27.565
202012 21.110 260.474 26.762
202103 23.763 264.877 29.625
202106 24.827 271.696 30.174
202109 27.930 274.310 33.622
202112 31.682 278.802 37.524
202203 30.142 287.504 34.620
202206 33.535 296.311 37.372
202209 38.440 296.808 42.766
202212 40.977 296.797 45.591
202303 31.626 301.836 34.599
202306 29.317 305.109 31.729
202309 30.453 307.789 32.672
202312 30.979 306.746 33.349
202403 28.828 312.332 30.478
202406 34.739 314.175 36.512
202409 41.489 315.301 43.451
202412 47.914 315.605 50.132
202503 47.009 319.799 48.540
202506 45.013 322.561 46.081
202509 44.477 324.800 45.218
202512 44.972 324.054 45.827
202603 46.742 330.213 46.742

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 32.87 mean?
KLA (MEX:KLAC) has a Cyclically Adjusted PS Ratio of 32.87 as of Jul. 18, 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 KLA and its competitors. This is 210% above median its historical median of 10.60. Over the past decade, KLA's Cyclically Adjusted PS Ratio has ranged from 4.09 to 42.34. According to the industry distribution chart, KLA ranks #698 out of 733 companies in the Semiconductors industry, placing it in the top 95.2%.
Is KLA's Cyclically Adjusted PS Ratio too high?
KLA's current Cyclically Adjusted PS Ratio of 32.87 is 210% above median its 10-year median of 10.60. Over the past 10 years, this metric has ranged from a low of 4.09 to a high of 42.34. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.24. KLA's value of 32.87 is 914.5% above this industry median. Based on the distribution chart, KLA ranks #698 out of 733 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, KLA has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KLA's Cyclically Adjusted PS Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, KLA ranks #698 out of 733 companies for Cyclically Adjusted PS Ratio. This places KLA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.24. KLA's value of 32.87 is 914.5% above this benchmark. Historically, KLA's own Cyclically Adjusted PS Ratio has ranged from 4.09 to 42.34 over the past decade. While the company's 10-year median is 10.60 vs. the industry median of 3.24, KLA 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 3.24, based on 733 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. KLA's current Cyclically Adjusted PS Ratio of 32.87 is 914.5% 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 KLA and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KLA's current Cyclically Adjusted PS Ratio is 32.87, which is 210% above median its own 10-year median of 10.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLA stock overvalued right now?
Based on GuruFocus' analysis, KLA (MEX:KLAC) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,794.07, compared to a current price of MXN3,759.00 — trading 109.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 32.87, which is 210% above median its 10-year median of 10.60 and 914.5% above the Semiconductors industry median of 3.24. KLA's overall GF Score™ is 81/100 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 KLA (MEX:KLAC), the current Cyclically Adjusted PS Ratio is 32.87 as of Jul. 18, 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 KLA (MEX:KLAC) Overvalued in 2026?

Based on GuruFocus' analysis, KLA stock appears to be overvalued. The current stock price of MXN3,759.00 is trading 109.5% above its estimated GF Value™ of MXN1,794.07. GuruFocus considers KLA to be Significantly Overvalued.

Key valuation signals for MEX:KLAC:

  • Cyclically Adjusted PS Ratio: 32.87 (210% above median its 10-year median of 10.60)
  • GF Value™: MXN1,794.07 vs. price of MXN3,759.00 (109.5% above fair value)
  • GF Score™: 81/100 with 1 warning sign
  • Industry Position: 914.5% above the Semiconductors median (#698 of 733)

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


KLA Business Description

Address One Technology Drive, Milpitas, CA, USA, 95035
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
81GF Score

Get the complete analysis for MEX:KLAC

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

MXN3,759.00
Price
MXN1,794.07
GF Value