Synopsys (MIC:SNPS-RM) Cyclically Adjusted PS Ratio: (As of Jul. 28, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Synopsys Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Synopsys  (MIC:SNPS-RM) 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.


Synopsys Cyclically Adjusted PS Ratio Related Terms


Synopsys Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Synopsys'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.

Synopsys Cyclically Adjusted PS Ratio Chart

Synopsys Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.85 12.82 18.44 18.12 14.41

Synopsys Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 15.40 20.68 14.41 14.41 14.32

MIC:SNPS-RM vs NET, XYZ, CRWV: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Synopsys'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.


Synopsys Cyclically Adjusted PS Ratio vs Software Industry

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

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



Synopsys 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=885.38/333.0200*333.0200
=885.380

Current CPI (Apr. 2026) = 333.0200.

Synopsys Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 266.178 240.628 368.380
201610 257.752 241.729 355.094
201701 252.428 242.839 346.170
201704 250.191 244.524 340.738
201707 267.390 244.786 363.772
201710 260.005 246.663 351.033
201801 289.963 247.867 389.578
201804 316.077 250.546 420.122
201807 317.816 252.006 419.986
201810 337.546 252.885 444.509
201901 351.537 251.712 465.090
201904 350.092 255.548 456.226
201907 350.296 256.571 454.672
201910 349.633 257.346 452.444
202001 341.283 257.971 440.569
202004 407.654 256.389 529.496
202007 453.231 259.101 582.533
202010 512.962 260.388 656.046
202101 469.910 261.582 598.242
202104 487.321 267.054 607.696
202107 491.457 273.003 599.499
202110 531.488 276.589 639.925
202201 605.261 281.148 716.932
202204 675.898 289.109 778.556
202207 442.547 296.276 497.431
202210 309.336 298.012 345.674
202301 649.304 299.170 722.770
202304 603.625 303.363 662.636
202307 776.200 305.691 845.593
202310 910.851 307.671 985.896
202401 869.149 308.417 938.483
202404 861.621 313.548 915.130
202407 853.735 314.540 903.894
202410 980.731 315.664 1,034.654
202501 917.745 317.671 962.088
202504 842.749 320.795 874.865
202507 874.255 323.048 901.242
202510 958.396 0.000
202601 964.464 325.252 987.498
202604 885.380 333.020 885.380

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.


Synopsys Business Description

Address 675 Almanor Avenue, Sunnyvale, CA, USA, 94085
Synopsys is a provider of electronic design automation software and intellectual property products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Synopsys' comprehensive portfolio is benefiting from a convergence of semiconductor companies moving up the stack of technologies toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.