Sanmina (STU:SAYN) Cyclically Adjusted PS Ratio: 1.56 (As of Jul. 22, 2026) — 263% Above Median

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STU:SAYN Sanmina Corp STU:SAYN
89 GF Score
Price €192.20
GF Value €113.62
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Sanmina Cyclically Adjusted PS Ratio?

Sanmina STU:SAYN +9.24% 89 Cyclically Adjusted PS Ratio is 1.56 as of Jul. 22, 2026, which is 263% above its 10-year median of 0.43. GuruFocus rates STU:SAYN with a GF Score™ of 89/100 and a GF Value™ of €113.62 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,976 Hardware companies, Sanmina ranks worse than 53.14% on this metric.

As of today (2026-07-22), Sanmina's current share price is €192.20. Sanmina's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €123.27. Sanmina's Cyclically Adjusted PS Ratio for today is 1.56.

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

STU:SAYN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.43   Max: 1.8
Current: 1.52

During the past years, Sanmina's highest Cyclically Adjusted PS Ratio was 1.80. The lowest was 0.23. And the median was 0.43.

STU:SAYN's Cyclically Adjusted PS Ratio is ranked worse than
53.14% of 1976 companies
in the Hardware industry
Industry Median: 1.37 vs STU:SAYN: 1.52

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.

Sanmina's adjusted revenue per share data for the three months ended in Mar. 2026 was €62.994. 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 €123.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sanmina  (STU:SAYN) 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.


Sanmina Cyclically Adjusted PS Ratio Related Terms


Sanmina Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sanmina'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.

Sanmina Cyclically Adjusted PS Ratio Chart

Sanmina Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.42 0.46 0.55 0.86

Sanmina Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.59 0.74 0.86 1.10 0.90

STU:SAYN vs LFUS, VICR, RAL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Sanmina'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.


Sanmina Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


STU:SAYN
89GF Score
Sanmina Corp STU:SAYN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanmina 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=192.20/123.27
=1.56

* 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.

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

For example, Sanmina's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=62.994/330.2130*330.2130
=62.994

Current CPI (Mar. 2026) = 330.2130.

Sanmina Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 19.299 241.018 26.441
201609 18.900 241.428 25.850
201612 21.128 241.432 28.897
201703 20.201 243.801 27.361
201706 19.467 244.955 26.243
201709 18.695 246.819 25.012
201712 20.590 246.524 27.580
201803 18.468 249.554 24.437
201806 21.543 251.989 28.231
201809 23.566 252.439 30.826
201812 27.126 251.233 35.654
201903 26.343 254.202 34.220
201906 24.913 256.143 32.117
201909 23.753 256.759 30.548
201912 22.813 256.974 29.315
202003 19.925 258.115 25.491
202006 21.098 257.797 27.024
202009 23.059 260.280 29.255
202012 21.593 260.474 27.374
202103 21.323 264.877 26.583
202106 20.429 271.696 24.829
202109 20.572 274.310 24.764
202112 23.468 278.802 27.795
202203 27.055 287.504 31.074
202206 31.022 296.311 34.571
202209 37.708 296.808 41.952
202212 37.147 296.797 41.329
202303 36.226 301.836 39.632
202306 34.185 305.109 36.998
202309 32.439 307.789 34.802
202312 29.519 306.746 31.777
202403 29.784 312.332 31.489
202406 30.165 314.175 31.705
202409 32.326 315.301 33.855
202412 34.305 315.605 35.893
202503 33.061 319.799 34.138
202506 32.482 322.561 33.253
202509 32.560 324.800 33.103
202512 49.064 324.054 49.997
202603 62.994 330.213 62.994

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 1.56 mean?
Sanmina (STU:SAYN) has a Cyclically Adjusted PS Ratio of 1.56 as of Jul. 22, 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 Sanmina and its competitors. This is 263% above median its historical median of 0.43. Over the past decade, Sanmina's Cyclically Adjusted PS Ratio has ranged from 0.23 to 1.80. According to the industry distribution chart, Sanmina ranks #1050 out of 1976 companies in the Hardware industry, placing it in the top 53.1%.
Is Sanmina's Cyclically Adjusted PS Ratio too high?
Sanmina's current Cyclically Adjusted PS Ratio of 1.56 is 263% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.80. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. Sanmina's value of 1.56 is 13.9% above this industry median. Based on the distribution chart, Sanmina ranks #1050 out of 1976 companies in the Hardware industry, which is below the industry midpoint. Overall, Sanmina has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanmina's Cyclically Adjusted PS Ratio compare to LFUS and VICR?
According to the Hardware industry distribution chart, Sanmina ranks #1050 out of 1976 companies for Cyclically Adjusted PS Ratio. This places Sanmina in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.37. Sanmina's value of 1.56 is 13.9% above this benchmark. Historically, Sanmina's own Cyclically Adjusted PS Ratio has ranged from 0.23 to 1.80 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.37, Sanmina 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.37, based on 1,976 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. Sanmina's current Cyclically Adjusted PS Ratio of 1.56 is 13.9% 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 Sanmina and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanmina's current Cyclically Adjusted PS Ratio is 1.56, which is 263% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanmina stock overvalued right now?
Based on GuruFocus' analysis, Sanmina (STU:SAYN) is currently considered Significantly Overvalued. The stock's GF Value™ is €113.62, compared to a current price of €192.20 — trading 69.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.56, which is 263% above median its 10-year median of 0.43 and 13.9% above the Hardware industry median of 1.37. Sanmina's overall GF Score™ is 89/100 with 3 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 Sanmina (STU:SAYN), the current Cyclically Adjusted PS Ratio is 1.56 as of Jul. 22, 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 Sanmina (STU:SAYN) Overvalued in 2026?

Based on GuruFocus' analysis, Sanmina stock appears to be overvalued. The current stock price of €192.20 is trading 69.2% above its estimated GF Value™ of €113.62. GuruFocus considers Sanmina to be Significantly Overvalued.

Key valuation signals for STU:SAYN:

  • Cyclically Adjusted PS Ratio: 1.56 (263% above median its 10-year median of 0.43)
  • GF Value™: €113.62 vs. price of €192.20 (69.2% above fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 13.9% above the Hardware median (#1050 of 1976)

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


Sanmina Business Description

Other Exchanges SANM:USASAYN:Germany
Address 2700 North First Street, San Jose, CA, USA, 95134
Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense, and aerospace end markets. The operations are managed as two businesses: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue mainly in the United States, China, and Mexico, but has a presence around the world.
89GF Score

Get the complete analysis for STU:SAYN

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

€192.20
Price
€113.62
GF Value