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Global TestingSGX:AYN 76 Cyclically Adjusted PS Ratio is 0.77 as of Sep. 01, 2026, which is 15% above its 10-year median of 0.67. GuruFocus rates SGX:AYN with a GF Score™ of 76/100 and a GF Value™ of S$1.19 (Fairly Valued). The stock has 1 warning sign investors should review. Among 727 Semiconductors companies, Global Testing ranks better than 78.95% on this metric.
The historical rank and industry rank for Global Testing's Cyclically Adjusted PS Ratio or its related term are showing as below:
SGX:AYN'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.67 Max: 1.2
Current: 0.77
During the past 13 years, Global Testing's highest Cyclically Adjusted PS Ratio was 1.20. The lowest was 0.19. And the median was 0.67.
SGX:AYN's Cyclically Adjusted PS Ratio is ranked better than 78.95% of 727
companies
in the Semiconductors industry
Industry Median: 3.08
vs SGX:AYN: 0.77
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.
Global Testing's adjusted revenue per share data of for the fiscal year that ended in Dec25 was S$1.792. 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 S$1.51 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Global Testing (SGX:AYN) 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.
Global Testing Cyclically Adjusted PS Ratio Related Terms
Global Testing Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Global Testing'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.
SGX:AYN vs LRCX, AMAT, KLAC: Cyclically Adjusted PS Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Global Testing'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.
Global Testing Cyclically Adjusted PS Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Global Testing's Cyclically Adjusted PS Ratio falls into.
Global Testing 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.
Global Testing'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 0.77 mean?
Global Testing (SGX:AYN) has a Cyclically Adjusted PS Ratio of 0.77 as of Sep. 01, 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 Global Testing and its competitors. This is 15% above median its historical median of 0.67. Over the past decade, Global Testing's Cyclically Adjusted PS Ratio has ranged from 0.19 to 1.20. According to the industry distribution chart, Global Testing ranks #153 out of 727 companies in the Semiconductors industry, placing it in the top 21%.
Is Global Testing's Cyclically Adjusted PS Ratio too high?
Global Testing's current Cyclically Adjusted PS Ratio of 0.77 is 15% above median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.20. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.08. Global Testing's value of 0.77 is 75% below this industry median. Based on the distribution chart, Global Testing ranks #153 out of 727 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Global Testing has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's Cyclically Adjusted PS Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Global Testing ranks #153 out of 727 companies for Cyclically Adjusted PS Ratio. This places Global Testing in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.08. Global Testing's value of 0.77 is 75% below this benchmark. Historically, Global Testing's own Cyclically Adjusted PS Ratio has ranged from 0.19 to 1.20 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 3.08, Global Testing 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 3.08, based on 727 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. Global Testing's current Cyclically Adjusted PS Ratio of 0.77 is 75% 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 Global Testing and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Testing's current Cyclically Adjusted PS Ratio is 0.77, which is 15% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.19, compared to a current price of S$1.16 — trading 2.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.77, which is 15% above median its 10-year median of 0.67 and 75% below the Semiconductors industry median of 3.08. Global Testing's overall GF Score™ is 76/100 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 Global Testing (SGX:AYN), the current Cyclically Adjusted PS Ratio is 0.77 as of Sep. 01, 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 Global Testing (SGX:AYN) Overvalued in 2026?
Based on GuruFocus' analysis, Global Testing stock appears to be undervalued.
The current stock price of S$1.16 is trading 2.5% below its estimated GF Value™ of S$1.19.
GuruFocus considers Global Testing to be Fairly Valued.
Key valuation signals for SGX:AYN:
Cyclically Adjusted PS Ratio: 0.77 (15% above median its 10-year median of 0.67)
GF Value™: S$1.19 vs. price of S$1.16 (2.5% below fair value)
Industry Position: 75% below the Semiconductors median (#153 of 727)
No single metric tells the full story. See the SGX:AYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
76GF Score
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