SKHY (SK hynix) Cyclically Adjusted PS Ratio: (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

SKHY SK hynix Inc SKHY
69 GF Score
Price $163.41
GF Value $98.70
Valuation Significantly Overvalued
! 1 Warning Sign
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What is SK hynix 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


SK hynix  (NAS:SKHY) 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.


SK hynix Cyclically Adjusted PS Ratio Related Terms


SK hynix Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SK hynix'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.

SK hynix Cyclically Adjusted PS Ratio Chart

SK hynix 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 3.44 1.68 2.92 3.11 9.61

SK hynix 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 4.82 5.46 9.61 10.74 30.69

SKHY vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, SK hynix'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.


SK hynix Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


SKHY
69GF Score
SK hynix Inc SKHY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SK hynix 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.

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

For example, SK hynix'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)
=7.268/126.4904*126.4904
=7.268

Current CPI (Jun. 2026) = 126.4904.

SK hynix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.542 101.461 0.676
201612 0.641 101.561 0.798
201703 0.786 102.851 0.967
201706 0.838 102.611 1.033
201709 1.014 103.491 1.239
201712 1.180 102.991 1.449
201803 1.154 104.101 1.402
201806 1.342 104.130 1.630
201809 1.462 105.651 1.750
201812 1.295 104.351 1.570
201903 0.875 104.491 1.059
201906 0.804 104.881 0.970
201909 0.837 105.200 1.006
201912 0.861 105.121 1.036
202003 0.864 105.354 1.037
202006 1.042 105.112 1.254
202009 1.009 106.198 1.202
202012 1.064 105.765 1.272
202103 1.098 107.357 1.294
202106 1.339 107.579 1.574
202109 1.463 108.759 1.702
202112 1.520 109.676 1.753
202203 1.447 111.848 1.636
202206 1.572 114.072 1.743
202209 1.143 114.715 1.260
202212 0.862 115.179 0.947
202303 0.566 116.507 0.614
202306 0.818 117.182 0.883
202309 0.988 118.964 1.051
202312 1.260 118.837 1.341
202403 1.356 120.123 1.428
202406 1.716 120.007 1.809
202409 1.820 120.861 1.905
202412 1.992 121.135 2.080
202503 1.702 122.590 1.756
202506 2.230 122.611 2.301
202509 2.467 123.402 2.529
202512 3.157 123.939 3.222
202603 4.957 125.236 5.007
202606 7.268 126.490 7.268

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 SK hynix (SKHY) Overvalued in 2026?

Based on GuruFocus' analysis, SK hynix stock appears to be overvalued. The current stock price of $163.41 is trading 65.6% above its estimated GF Value™ of $98.70. GuruFocus considers SK hynix to be Significantly Overvalued.

Key valuation signals for SKHY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $98.70 vs. price of $163.41 (65.6% above fair value)
  • GF Score™: 69/100 with 1 warning sign

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


SK hynix Business Description

Address 2091 Gyeongchung-daero, Bubal-eup, Gyeonggi-do, Icheon, KOR, 17336
SK Hynix is a semiconductor memory manufacturer with around 60%-70% of its revenue from DRAM and 30%-35% of its revenue from NAND. The company is both the second-largest DRAM and NAND supplier globally with a 33% and 21% market share, respectively, as of 2024. SK Hynix increased its market position in NAND from fourth to second, after acquiring Intel's NAND business in 2021. SK Square, an investment management company spun off from SK Telecom, is SK Hynix's largest shareholder and currently holds 20% of the company's shares.
69GF Score

Get the complete analysis for SKHY

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

$163.41
Price
$98.70
GF Value