TTM Technologies (STU:TT1) Cyclically Adjusted PS Ratio: 5.39 (As of Aug. 07, 2026) — 670% 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:TT1 TTM Technologies Inc STU:TT1
78 GF Score
Price €120.55
GF Value €31.26
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is TTM Technologies Cyclically Adjusted PS Ratio?

TTM Technologies STU:TT1 +6.21% 78 Cyclically Adjusted PS Ratio is 5.39 as of Aug. 07, 2026, which is 670% above its 10-year median of 0.70. GuruFocus rates STU:TT1 with a GF Score™ of 78/100 and a GF Value™ of €31.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,975 Hardware companies, TTM Technologies ranks worse than 82.38% on this metric.

As of today (2026-08-07), TTM Technologies's current share price is €120.55. TTM Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €22.35. TTM Technologies's Cyclically Adjusted PS Ratio for today is 5.39.

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

STU:TT1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.7   Max: 8.35
Current: 5.14

During the past years, TTM Technologies's highest Cyclically Adjusted PS Ratio was 8.35. The lowest was 0.44. And the median was 0.70.

STU:TT1's Cyclically Adjusted PS Ratio is ranked worse than
82.38% of 1975 companies
in the Hardware industry
Industry Median: 1.34 vs STU:TT1: 5.14

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.

TTM Technologies's adjusted revenue per share data for the three months ended in Mar. 2026 was €6.834. 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 €22.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TTM Technologies  (STU:TT1) 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.


TTM Technologies Cyclically Adjusted PS Ratio Related Terms


TTM Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TTM 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.

TTM Technologies Cyclically Adjusted PS Ratio Chart

TTM 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 0.69 0.65 0.66 0.99 2.71

TTM Technologies 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 0.80 1.59 2.24 2.71 3.76

STU:TT1 vs SANM, FN, LFUS: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, TTM 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.


TTM Technologies Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


STU:TT1
78GF Score
TTM Technologies Inc STU:TT1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TTM 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=120.55/22.35
=5.39

* 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.

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

For example, TTM Technologies'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)
=6.834/330.2130*330.2130
=6.834

Current CPI (Mar. 2026) = 330.2130.

TTM Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.219 241.018 5.780
201609 4.479 241.428 6.126
201612 6.525 241.432 8.924
201703 4.465 243.801 6.048
201706 4.190 244.955 5.648
201709 4.251 246.819 5.687
201712 4.657 246.524 6.238
201803 5.005 249.554 6.623
201806 4.555 251.989 5.969
201809 4.748 252.439 6.211
201812 0.678 251.233 0.891
201903 4.495 254.202 5.839
201906 3.531 256.143 4.552
201909 4.555 256.759 5.858
201912 4.500 256.974 5.783
202003 4.261 258.115 5.451
202006 4.712 257.797 6.036
202009 4.085 260.280 5.183
202012 4.021 260.474 5.098
202103 4.140 264.877 5.161
202106 4.289 271.696 5.213
202109 4.368 274.310 5.258
202112 4.989 278.802 5.909
202203 5.060 287.504 5.812
202206 5.733 296.311 6.389
202209 6.535 296.808 7.270
202212 5.588 296.797 6.217
202303 4.967 301.836 5.434
202306 4.812 305.109 5.208
202309 5.183 307.789 5.561
202312 5.098 306.746 5.488
202403 5.039 312.332 5.327
202406 5.411 314.175 5.687
202409 5.350 315.301 5.603
202412 5.943 315.605 6.218
202503 5.740 319.799 5.927
202506 6.040 322.561 6.183
202509 6.061 324.800 6.162
202512 6.202 324.054 6.320
202603 6.834 330.213 6.834

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 5.39 mean?
TTM Technologies (STU:TT1) has a Cyclically Adjusted PS Ratio of 5.39 as of Aug. 07, 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 TTM Technologies and its competitors. This is 670% above median its historical median of 0.70. Over the past decade, TTM Technologies' Cyclically Adjusted PS Ratio has ranged from 0.44 to 8.35. According to the industry distribution chart, TTM Technologies ranks #1627 out of 1975 companies in the Hardware industry, placing it in the top 82.4%.
Is TTM Technologies' Cyclically Adjusted PS Ratio too high?
TTM Technologies' current Cyclically Adjusted PS Ratio of 5.39 is 670% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 8.35. The Hardware industry median Cyclically Adjusted PS Ratio is 1.34. TTM Technologies' value of 5.39 is 302.2% above this industry median. Based on the distribution chart, TTM Technologies ranks #1627 out of 1975 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, TTM Technologies has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TTM Technologies' Cyclically Adjusted PS Ratio compare to SANM and FN?
According to the Hardware industry distribution chart, TTM Technologies ranks #1627 out of 1975 companies for Cyclically Adjusted PS Ratio. This places TTM Technologies in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. TTM Technologies' value of 5.39 is 302.2% above this benchmark. Historically, TTM Technologies' own Cyclically Adjusted PS Ratio has ranged from 0.44 to 8.35 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 1.34, TTM Technologies 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 1.34, based on 1,975 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. TTM Technologies's current Cyclically Adjusted PS Ratio of 5.39 is 302.2% 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 TTM Technologies and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTM Technologies's current Cyclically Adjusted PS Ratio is 5.39, which is 670% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTM Technologies stock overvalued right now?
Based on GuruFocus' analysis, TTM Technologies (STU:TT1) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.26, compared to a current price of €120.55 — trading 285.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.39, which is 670% above median its 10-year median of 0.70 and 302.2% above the Hardware industry median of 1.34. TTM Technologies' overall GF Score™ is 78/100 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 TTM Technologies (STU:TT1), the current Cyclically Adjusted PS Ratio is 5.39 as of Aug. 07, 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 TTM Technologies (STU:TT1) Overvalued in 2026?

Based on GuruFocus' analysis, TTM Technologies stock appears to be overvalued. The current stock price of €120.55 is trading 285.6% above its estimated GF Value™ of €31.26. GuruFocus considers TTM Technologies to be Significantly Overvalued.

Key valuation signals for STU:TT1:

  • Cyclically Adjusted PS Ratio: 5.39 (670% above median its 10-year median of 0.70)
  • GF Value™: €31.26 vs. price of €120.55 (285.6% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 302.2% above the Hardware median (#1627 of 1975)

No single metric tells the full story. See the STU:TT1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TTM Technologies Business Description

Other Exchanges TTMI:USATTMI:Mexico
Address 200 East Sandpointe, Suite 400, Santa Ana, CA, USA, 92707
TTM Technologies Inc manufactures technology products, including mission systems, RF components, RF/microwave assemblies, and advanced interconnect products such as PCBs and substrates. It operates through three segments: A&D, Commercial, and RF&S Components. The A&D segment supports aerospace and defense missions with PCBs, assemblies, microelectronics, and integrated systems. The Commercial segment, generating the majority of revenue, serves automotive, medical, industrial, and data center markets. The RF&S Components segment provides TTM-designed RF components and COTS products. The Company's revenues come from PCBs, engineered systems, and long-term contracts for intelligence, surveillance, and communications solutions.
78GF Score

Get the complete analysis for STU:TT1

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

€120.55
Price
€31.26
GF Value