Netlist (STU:XAB) Cyclically Adjusted PS Ratio: (As of Jul. 26, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:XAB Netlist Inc STU:XAB
55 GF Score
Price €0.53
GF Value €0.49
! 6 Warning Signs
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What is Netlist Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netlist  (STU:XAB) 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.


Netlist Cyclically Adjusted PS Ratio Related Terms


Netlist Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Netlist'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.

Netlist Cyclically Adjusted PS Ratio Chart

Netlist 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 11.05 2.21 4.02 1.69 1.68

Netlist 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 1.99 1.41 1.84 1.68 2.80

STU:XAB vs SCSC, CLMB, EACO: Cyclically Adjusted PS Ratio Comparison

For the Electronics & Computer Distribution subindustry, Netlist'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.


Netlist Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


STU:XAB
55GF Score
Netlist Inc STU:XAB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Netlist 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.

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

For example, Netlist'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)
=0.296/330.2130*330.2130
=0.296

Current CPI (Mar. 2026) = 330.2130.

Netlist Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.121 241.018 0.166
201609 0.044 241.428 0.060
201612 0.086 241.432 0.118
201703 0.143 243.801 0.194
201706 0.164 244.955 0.221
201709 0.115 246.819 0.154
201712 0.098 246.524 0.131
201803 0.087 249.554 0.115
201806 0.079 251.989 0.104
201809 0.053 252.439 0.069
201812 0.057 251.233 0.075
201903 0.032 254.202 0.042
201906 0.035 256.143 0.045
201909 0.038 256.759 0.049
201912 0.051 256.974 0.066
202003 0.078 258.115 0.100
202006 0.055 257.797 0.070
202009 0.045 260.280 0.057
202012 0.048 260.474 0.061
202103 0.061 264.877 0.076
202106 0.227 271.696 0.276
202109 0.101 274.310 0.122
202112 0.142 278.802 0.168
202203 0.198 287.504 0.227
202206 0.226 296.311 0.252
202209 0.150 296.808 0.167
202212 0.088 296.797 0.098
202303 0.036 301.836 0.039
202306 0.038 305.109 0.041
202309 0.063 307.789 0.068
202312 0.121 306.746 0.130
202403 0.129 312.332 0.136
202406 0.133 314.175 0.140
202409 0.140 315.301 0.147
202412 0.121 315.605 0.127
202503 0.098 319.799 0.101
202506 0.131 322.561 0.134
202509 0.123 324.800 0.125
202512 0.211 324.054 0.215
202603 0.296 330.213 0.296

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.

Is Netlist (STU:XAB) Overvalued in 2026?

Based on GuruFocus' analysis, Netlist stock appears to be overvalued. The current stock price of €0.53 is trading 8.2% above its estimated GF Value™ of €0.49.

Key valuation signals for STU:XAB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.49 vs. price of €0.53 (8.2% above fair value)
  • GF Score™: 55/100 with 6 warning signs

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


Netlist Business Description

Other Exchanges NLST:USA0K6M:UK
Address 111 Academy, Suite 100, Irvine, CA, USA, 92617
Netlist Inc is involved in the business of designing and manufacturing modular memory subsystems and also cloud service providers. Its products include Storage class memory, nonvolatile memory, enterprise SSD and embedded flash. The company's products are based on its proprietary technologies such as Presight technology, Distributed buffer architecture, IC design, PCB designs, Thermal management designs. Company has consistently driven innovation in the field of cutting-edge enterprise memory and storage, empowering businesses and industries to thrive in the digital age.
55GF Score

Get the complete analysis for STU:XAB

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

€0.53
Price
€0.49
GF Value