Himax Technologies (STU:H6Q) Cyclically Adjusted PS Ratio: 2.38 (As of Aug. 18, 2026) — 82% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

STU:H6Q Himax Technologies Inc STU:H6Q
63 GF Score
Price €13.20
GF Value €6.46
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Himax Technologies Cyclically Adjusted PS Ratio?

Himax Technologies STU:H6Q +0.76% 63 Cyclically Adjusted PS Ratio is 2.38 as of Aug. 18, 2026, which is 82% above its 10-year median of 1.31. GuruFocus rates STU:H6Q with a GF Score™ of 63/100 and a GF Value™ of €6.46 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 729 Semiconductors companies, Himax Technologies ranks better than 57.06% on this metric.

As of today (2026-08-18), Himax Technologies's current share price is €13.20. Himax Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €5.55. Himax Technologies's Cyclically Adjusted PS Ratio for today is 2.38.

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

STU:H6Q' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.31   Max: 3.4
Current: 2.43

During the past years, Himax Technologies's highest Cyclically Adjusted PS Ratio was 3.40. The lowest was 0.40. And the median was 1.31.

STU:H6Q's Cyclically Adjusted PS Ratio is ranked better than
57.06% of 729 companies
in the Semiconductors industry
Industry Median: 3.12 vs STU:H6Q: 2.43

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.

Himax Technologies's adjusted revenue per share data for the three months ended in Jun. 2026 was €1.131. 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 €5.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Himax Technologies  (STU:H6Q) 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.


Himax Technologies Cyclically Adjusted PS Ratio Related Terms


Himax Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Himax Technologies'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.

Himax Technologies Cyclically Adjusted PS Ratio Chart

Himax Technologies 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 2.94 1.05 1.00 1.31 1.32

Himax Technologies 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 1.43 1.41 1.32 1.25 2.42

STU:H6Q vs NVTS, AMBQ, SKYT: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, Himax Technologies'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.


Himax Technologies Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


STU:H6Q
63GF Score
Himax Technologies Inc STU:H6Q
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Himax Technologies 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.

Himax Technologies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.20/5.55
=2.38

* 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.

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

For example, Himax Technologies'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)
=1.131/333.9520*333.9520
=1.131

Current CPI (Jun. 2026) = 333.9520.

Himax Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.128 241.428 1.560
201612 1.119 241.432 1.548
201703 0.842 243.801 1.153
201706 0.783 244.955 1.067
201709 0.959 246.819 1.298
201712 0.887 246.524 1.202
201803 0.765 249.554 1.024
201806 0.900 251.989 1.193
201809 0.936 252.439 1.238
201812 0.973 251.233 1.293
201903 0.838 254.202 1.101
201906 0.868 256.143 1.132
201909 0.864 256.759 1.124
201912 0.912 256.974 1.185
202003 0.964 258.115 1.247
202006 0.959 257.797 1.242
202009 1.174 260.280 1.506
202012 1.302 260.474 1.669
202103 1.486 264.877 1.874
202106 1.735 271.696 2.133
202109 2.048 274.310 2.493
202112 2.288 278.802 2.741
202203 2.144 287.504 2.490
202206 1.692 296.311 1.907
202209 1.235 296.808 1.390
202212 1.415 296.797 1.592
202303 1.305 301.836 1.444
202306 1.242 305.109 1.359
202309 1.279 307.789 1.388
202312 1.193 306.746 1.299
202403 1.091 312.332 1.167
202406 1.271 314.175 1.351
202409 1.145 315.301 1.213
202412 1.293 315.605 1.368
202503 1.137 319.799 1.187
202506 1.067 322.561 1.105
202509 0.973 324.800 1.000
202512 0.994 324.054 1.024
202603 0.982 330.213 0.993
202606 1.131 333.952 1.131

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 2.38 mean?
Himax Technologies (STU:H6Q) has a Cyclically Adjusted PS Ratio of 2.38 as of Aug. 18, 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 Himax Technologies and its competitors. This is 82% above median its historical median of 1.31. Over the past decade, Himax Technologies' Cyclically Adjusted PS Ratio has ranged from 0.40 to 3.40. According to the industry distribution chart, Himax Technologies ranks #313 out of 729 companies in the Semiconductors industry, placing it in the top 42.9%.
Is Himax Technologies' Cyclically Adjusted PS Ratio too high?
Himax Technologies' current Cyclically Adjusted PS Ratio of 2.38 is 82% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 3.40. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.12. Himax Technologies' value of 2.38 is 23.7% below this industry median. Based on the distribution chart, Himax Technologies ranks #313 out of 729 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Himax Technologies has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Himax Technologies' Cyclically Adjusted PS Ratio compare to NVTS and AMBQ?
According to the Semiconductors industry distribution chart, Himax Technologies ranks #313 out of 729 companies for Cyclically Adjusted PS Ratio. This puts Himax Technologies in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.12. Himax Technologies' value of 2.38 is 23.7% below this benchmark. Historically, Himax Technologies' own Cyclically Adjusted PS Ratio has ranged from 0.40 to 3.40 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 3.12, Himax Technologies 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 3.12, based on 729 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. Himax Technologies's current Cyclically Adjusted PS Ratio of 2.38 is 23.7% 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 Himax Technologies and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Himax Technologies's current Cyclically Adjusted PS Ratio is 2.38, which is 82% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Himax Technologies stock overvalued right now?
Based on GuruFocus' analysis, Himax Technologies (STU:H6Q) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.46, compared to a current price of €13.20 — trading 104.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.38, which is 82% above median its 10-year median of 1.31 and 23.7% below the Semiconductors industry median of 3.12. Himax Technologies' overall GF Score™ is 63/100 with 6 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 Himax Technologies (STU:H6Q), the current Cyclically Adjusted PS Ratio is 2.38 as of Aug. 18, 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 Himax Technologies (STU:H6Q) Overvalued in 2026?

Based on GuruFocus' analysis, Himax Technologies stock appears to be overvalued. The current stock price of €13.20 is trading 104.3% above its estimated GF Value™ of €6.46. GuruFocus considers Himax Technologies to be Significantly Overvalued.

Key valuation signals for STU:H6Q:

  • Cyclically Adjusted PS Ratio: 2.38 (82% above median its 10-year median of 1.31)
  • GF Value™: €6.46 vs. price of €13.20 (104.3% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 23.7% below the Semiconductors median (#313 of 729)

No single metric tells the full story. See the STU:H6Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Himax Technologies Business Description

Other Exchanges HIMX:USA0J5H:UK
Address No. 26, Zilian Road, Xinshi District, Tainan, TWN, 744092
Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue is derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.
63GF Score

Get the complete analysis for STU:H6Q

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

€13.20
Price
€6.46
GF Value