CEVA (STU:PVJA) Cyclically Adjusted PS Ratio: 6.38 (As of Aug. 12, 2026) — 30% Below 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:PVJA CEVA Inc STU:PVJA
63 GF Score
Price €26.60
GF Value €19.51
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is CEVA Cyclically Adjusted PS Ratio?

CEVA STU:PVJA -4.32% 63 Cyclically Adjusted PS Ratio is 6.38 as of Aug. 12, 2026, which is 30% below its 10-year median of 9.11. GuruFocus rates STU:PVJA with a GF Score™ of 63/100 and a GF Value™ of €19.51 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 730 Semiconductors companies, CEVA ranks worse than 68.77% on this metric.

As of today (2026-08-12), CEVA's current share price is €26.60. CEVA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €4.17. CEVA's Cyclically Adjusted PS Ratio for today is 6.38.

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

STU:PVJA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.64   Med: 9.11   Max: 20.97
Current: 5.99

During the past years, CEVA's highest Cyclically Adjusted PS Ratio was 20.97. The lowest was 3.64. And the median was 9.11.

STU:PVJA's Cyclically Adjusted PS Ratio is ranked worse than
68.77% of 730 companies
in the Semiconductors industry
Industry Median: 3.01 vs STU:PVJA: 5.99

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.

CEVA's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.900. 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 €4.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEVA  (STU:PVJA) 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.


CEVA Cyclically Adjusted PS Ratio Related Terms


CEVA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CEVA'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.

CEVA Cyclically Adjusted PS Ratio Chart

CEVA 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 11.43 5.97 4.98 6.54 4.29

CEVA 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 4.43 5.27 4.29 3.66 9.16

STU:PVJA vs AOSL, POET, WOLF: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, CEVA'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.


CEVA Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


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

CEVA 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.60/4.17
=6.38

* 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.

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

For example, CEVA'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)
=0.9/333.9520*333.9520
=0.900

Current CPI (Jun. 2026) = 333.9520.

CEVA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.727 241.428 1.006
201612 0.910 241.432 1.259
201703 0.897 243.801 1.229
201706 0.812 244.955 1.107
201709 0.889 246.819 1.203
201712 0.800 246.524 1.084
201803 0.643 249.554 0.860
201806 0.677 251.989 0.897
201809 0.818 252.439 1.082
201812 0.792 251.233 1.053
201903 0.685 254.202 0.900
201906 0.742 256.143 0.967
201909 0.951 256.759 1.237
201912 1.085 256.974 1.410
202003 0.972 258.115 1.258
202006 0.952 257.797 1.233
202009 0.956 260.280 1.227
202012 1.040 260.474 1.333
202103 0.946 264.877 1.193
202106 1.092 271.696 1.342
202109 1.216 274.310 1.480
202112 0.902 278.802 1.080
202203 1.352 287.504 1.570
202206 1.355 296.311 1.527
202209 1.308 296.808 1.472
202212 1.235 296.797 1.390
202303 1.051 301.836 1.163
202306 0.901 305.109 0.986
202309 0.956 307.789 1.037
202312 0.942 306.746 1.026
202403 0.864 312.332 0.924
202406 1.118 314.175 1.188
202409 1.035 315.301 1.096
202412 1.181 315.605 1.250
202503 0.944 319.799 0.986
202506 0.932 322.561 0.965
202509 1.010 324.800 1.038
202512 1.045 324.054 1.077
202603 0.845 330.213 0.855
202606 0.900 333.952 0.900

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 6.38 mean?
CEVA (STU:PVJA) has a Cyclically Adjusted PS Ratio of 6.38 as of Aug. 12, 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 CEVA and its competitors. This is 30% below median its historical median of 9.11. Over the past decade, CEVA's Cyclically Adjusted PS Ratio has ranged from 3.64 to 20.97. According to the industry distribution chart, CEVA ranks #502 out of 730 companies in the Semiconductors industry, placing it in the top 68.8%.
Is CEVA's Cyclically Adjusted PS Ratio too high?
CEVA's current Cyclically Adjusted PS Ratio of 6.38 is 30% below median its 10-year median of 9.11. Over the past 10 years, this metric has ranged from a low of 3.64 to a high of 20.97. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.01. CEVA's value of 6.38 is 112% above this industry median. Based on the distribution chart, CEVA ranks #502 out of 730 companies in the Semiconductors industry, which is below the industry midpoint. Overall, CEVA has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CEVA's Cyclically Adjusted PS Ratio compare to AOSL and POET?
According to the Semiconductors industry distribution chart, CEVA ranks #502 out of 730 companies for Cyclically Adjusted PS Ratio. This places CEVA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.01. CEVA's value of 6.38 is 112% above this benchmark. Historically, CEVA's own Cyclically Adjusted PS Ratio has ranged from 3.64 to 20.97 over the past decade. While the company's 10-year median is 9.11 vs. the industry median of 3.01, CEVA has consistently been above 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 3.01, 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. CEVA's current Cyclically Adjusted PS Ratio of 6.38 is 112% above 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 CEVA and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEVA's current Cyclically Adjusted PS Ratio is 6.38, which is 30% below median its own 10-year median of 9.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEVA stock overvalued right now?
Based on GuruFocus' analysis, CEVA (STU:PVJA) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.51, compared to a current price of €26.60 — trading 36.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.38, which is 30% below median its 10-year median of 9.11 and 112% above the Semiconductors industry median of 3.01. CEVA's overall GF Score™ is 63/100 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 CEVA (STU:PVJA), the current Cyclically Adjusted PS Ratio is 6.38 as of Aug. 12, 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 CEVA (STU:PVJA) Overvalued in 2026?

Based on GuruFocus' analysis, CEVA stock appears to be overvalued. The current stock price of €26.60 is trading 36.3% above its estimated GF Value™ of €19.51. GuruFocus considers CEVA to be Significantly Overvalued.

Key valuation signals for STU:PVJA:

  • Cyclically Adjusted PS Ratio: 6.38 (30% below median its 10-year median of 9.11)
  • GF Value™: €19.51 vs. price of €26.60 (36.3% above fair value)
  • GF Score™: 63/100 with 1 warning sign
  • Industry Position: 112% above the Semiconductors median (#502 of 730)

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


CEVA Business Description

Other Exchanges CEVA:USACEVA:Mexico0Q19:UK
Address 15245 Shady Grove Road, Suite 400, Rockville, MD, USA, 20850
CEVA Inc is a licensor of signal-processing intellectual property. Through partnerships with semiconductor companies and original equipment manufacturers globally, the company helps produce devices for a range of end markets. OEMs and semiconductor companies choose to sell products with CEVA equipment to wireless, consumer, automotive, and Internet of Things companies. Revenue is derived mainly from licensing fees and related revenue, and royalties generated from the shipments of products utilizing its intellectual properties. CEVA also engages in the training and sale of development systems. The company operates in one reportable segment: the licensing of IP to semiconductor companies and electronic equipment manufacturers.
63GF Score

Get the complete analysis for STU:PVJA

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

€26.60
Price
€19.51
GF Value