Cohu (STU:CU3) Cyclically Adjusted PS Ratio: 2.99 (As of Sep. 03, 2026) — 59% Above Median

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STU:CU3 Cohu Inc STU:CU3
68 GF Score
Price €39.17
GF Value €24.63
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Cohu Cyclically Adjusted PS Ratio?

Cohu STU:CU3 +2.97% 68 Cyclically Adjusted PS Ratio is 2.99 as of Sep. 03, 2026, which is 59% above its 10-year median of 1.88. GuruFocus rates STU:CU3 with a GF Score™ of 68/100 and a GF Value™ of €24.63 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 730 Semiconductors companies, Cohu ranks better than 51.51% on this metric.

As of today (2026-09-03), Cohu's current share price is €39.17. Cohu's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €13.09. Cohu's Cyclically Adjusted PS Ratio for today is 2.99.

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

STU:CU3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.88   Max: 4.35
Current: 2.85

During the past years, Cohu's highest Cyclically Adjusted PS Ratio was 4.35. The lowest was 0.83. And the median was 1.88.

STU:CU3's Cyclically Adjusted PS Ratio is ranked better than
51.51% of 730 companies
in the Semiconductors industry
Industry Median: 3.08 vs STU:CU3: 2.85

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.

Cohu's adjusted revenue per share data for the three months ended in Jun. 2026 was €2.733. 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 €13.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cohu  (STU:CU3) 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.


Cohu Cyclically Adjusted PS Ratio Related Terms


Cohu Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cohu'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.

Cohu Cyclically Adjusted PS Ratio Chart

Cohu 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 2.75 2.09 2.20 1.70 1.48

Cohu 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 1.22 1.28 1.48 1.92 4.60

STU:CU3 vs ICHR, AEHR, VECO: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Cohu'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.


Cohu Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


STU:CU3
68GF Score
Cohu Inc STU:CU3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cohu 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.17/13.09
=2.99

* 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.

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

For example, Cohu'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)
=2.733/333.9520*333.9520
=2.733

Current CPI (Jun. 2026) = 333.9520.

Cohu Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.255 241.428 3.119
201612 2.413 241.432 3.338
201703 2.684 243.801 3.676
201706 2.908 244.955 3.965
201709 2.700 246.819 3.653
201712 2.389 246.524 3.236
201803 2.613 249.554 3.497
201806 2.882 251.989 3.819
201809 2.480 252.439 3.281
201812 3.689 251.233 4.904
201903 3.201 254.202 4.205
201906 3.228 256.143 4.209
201909 3.160 256.759 4.110
201912 3.086 256.974 4.010
202003 3.029 258.115 3.919
202006 3.058 257.797 3.961
202009 3.049 260.280 3.912
202012 3.949 260.474 5.063
202103 4.165 264.877 5.251
202106 4.107 271.696 5.048
202109 3.868 274.310 4.709
202112 3.435 278.802 4.114
202203 3.622 287.504 4.207
202206 4.200 296.311 4.734
202209 4.302 296.808 4.840
202212 3.745 296.797 4.214
202303 3.478 301.836 3.848
202306 3.246 305.109 3.553
202309 2.937 307.789 3.187
202312 2.633 306.746 2.867
202403 2.101 312.332 2.246
202406 2.071 314.175 2.201
202409 1.835 315.301 1.944
202412 1.924 315.605 2.036
202503 1.920 319.799 2.005
202506 2.001 322.561 2.072
202509 2.301 324.800 2.366
202512 2.229 324.054 2.297
202603 2.303 330.213 2.329
202606 2.733 333.952 2.733

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 2.99 mean?
Cohu (STU:CU3) has a Cyclically Adjusted PS Ratio of 2.99 as of Sep. 03, 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 Cohu and its competitors. This is 59% above median its historical median of 1.88. Over the past decade, Cohu's Cyclically Adjusted PS Ratio has ranged from 0.83 to 4.35. According to the industry distribution chart, Cohu ranks #354 out of 730 companies in the Semiconductors industry, placing it in the top 48.5%.
Is Cohu's Cyclically Adjusted PS Ratio too high?
Cohu's current Cyclically Adjusted PS Ratio of 2.99 is 59% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 4.35. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.08. Cohu's value of 2.99 is 2.9% below this industry median. Based on the distribution chart, Cohu ranks #354 out of 730 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Cohu has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cohu's Cyclically Adjusted PS Ratio compare to ICHR and AEHR?
According to the Semiconductors industry distribution chart, Cohu ranks #354 out of 730 companies for Cyclically Adjusted PS Ratio. This puts Cohu in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.08. Cohu's value of 2.99 is 2.9% below this benchmark. Historically, Cohu's own Cyclically Adjusted PS Ratio has ranged from 0.83 to 4.35 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 3.08, Cohu 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 730 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. Cohu's current Cyclically Adjusted PS Ratio of 2.99 is 2.9% 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 Cohu 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. Cohu's current Cyclically Adjusted PS Ratio is 2.99, which is 59% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cohu stock overvalued right now?
Based on GuruFocus' analysis, Cohu (STU:CU3) is currently considered Significantly Overvalued. The stock's GF Value™ is €24.63, compared to a current price of €39.17 — trading 59% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.99, which is 59% above median its 10-year median of 1.88 and 2.9% below the Semiconductors industry median of 3.08. Cohu's overall GF Score™ is 68/100 with 2 warning signs 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 Cohu (STU:CU3), the current Cyclically Adjusted PS Ratio is 2.99 as of Sep. 03, 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 Cohu (STU:CU3) Overvalued in 2026?

Based on GuruFocus' analysis, Cohu stock appears to be overvalued. The current stock price of €39.17 is trading 59% above its estimated GF Value™ of €24.63. GuruFocus considers Cohu to be Significantly Overvalued.

Key valuation signals for STU:CU3:

  • Cyclically Adjusted PS Ratio: 2.99 (59% above median its 10-year median of 1.88)
  • GF Value™: €24.63 vs. price of €39.17 (59% above fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 2.9% below the Semiconductors median (#354 of 730)

No single metric tells the full story. See the STU:CU3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cohu Business Description

Other Exchanges COHU:USA
Address 17087 Via Del Campo, San Diego, CA, USA, 92127-1711
Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors, and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads, and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has one reportable segment, Semiconductor Test and Inspection Equipment (Semiconductor Test & Inspection). Geographically, the company generates maximum revenue from the Philippines, followed by Taiwan, China, Malaysia, the United States, Singapore, and the Rest of the world.
68GF Score

Get the complete analysis for STU:CU3

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

€39.17
Price
€24.63
GF Value