Microchip Technology (MEX:MCHP) Cyclically Adjusted PS Ratio: (As of Aug. 08, 2026)

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.
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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.

MEX:MCHP Microchip Technology Inc MEX:MCHP
71 GF Score
Price MXN1,290.42
GF Value MXN1,070.03
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Microchip Technology Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Microchip Technology  (MEX:MCHP) 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.


Microchip Technology Cyclically Adjusted PS Ratio Related Terms


Microchip Technology Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Microchip Technology'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.

Microchip Technology Cyclically Adjusted PS Ratio Chart

Microchip Technology Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.57 8.19 7.86 4.08 5.20

Microchip Technology 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 5.87 5.30 5.25 5.20 0.00

MEX:MCHP vs CBRS, CRDO, ALAB: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, Microchip Technology'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.


Microchip Technology Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


MEX:MCHP
71GF Score
Microchip Technology Inc MEX:MCHP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Microchip Technology 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.

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

For example, Microchip Technology'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)
=47.06/333.9520*333.9520
=47.060

Current CPI (Jun. 2026) = 333.9520.

Microchip Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 36.007 241.428 49.806
201612 36.534 241.432 50.534
201703 35.535 243.801 48.675
201706 36.171 244.955 49.313
201709 37.516 246.819 50.760
201712 41.704 246.524 56.494
201803 36.187 249.554 48.425
201806 47.234 251.989 62.598
201809 53.207 252.439 70.388
201812 55.176 251.233 73.343
201903 51.365 254.202 67.480
201906 50.031 256.143 65.229
201909 51.725 256.759 67.276
201912 47.000 256.974 61.079
202003 60.415 258.115 78.166
202006 58.632 257.797 75.952
202009 54.041 260.280 69.337
202012 48.831 260.474 62.606
202103 53.257 264.877 67.145
202106 55.283 271.696 67.950
202109 59.946 274.310 72.980
202112 63.553 278.802 76.124
202203 64.956 287.504 75.450
202206 70.354 296.311 79.291
202209 74.695 296.808 84.043
202212 76.145 296.797 85.677
202303 72.643 301.836 80.372
202306 71.156 305.109 77.883
202309 71.499 307.789 77.577
202312 54.843 306.746 59.707
202403 40.373 312.332 43.168
202406 41.895 314.175 44.532
202409 42.280 315.301 44.781
202412 39.818 315.605 42.133
202503 36.870 319.799 38.502
202506 37.557 322.561 38.883
202509 38.385 324.800 39.467
202512 39.147 324.054 40.343
202603 43.155 330.213 43.644
202606 47.060 333.952 47.060

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 Microchip Technology (MEX:MCHP) Overvalued in 2026?

Based on GuruFocus' analysis, Microchip Technology stock appears to be overvalued. The current stock price of MXN1,290.42 is trading 20.6% above its estimated GF Value™ of MXN1,070.03. GuruFocus considers Microchip Technology to be Modestly Overvalued.

Key valuation signals for MEX:MCHP:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN1,070.03 vs. price of MXN1,290.42 (20.6% above fair value)
  • GF Score™: 71/100 with 6 warning signs

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


Microchip Technology Business Description

Address 2355 W. Chandler Boulevard, Chandler, AZ, USA, 85224-6199
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
71GF Score

Get the complete analysis for MEX:MCHP

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

MXN1,290.42
Price
MXN1,070.03
GF Value