Advanced Micro Devices (TSX:AMD) Cyclically Adjusted PS Ratio: 34.86 (As of Aug. 06, 2026) — 248% Above Median

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TSX:AMD Advanced Micro Devices Inc TSX:AMD
77 GF Score
Price C$87.16
GF Value C$48.18
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Advanced Micro Devices Cyclically Adjusted PS Ratio?

Advanced Micro Devices TSX:AMD -6.63% 77 Cyclically Adjusted PS Ratio is 34.86 as of Aug. 06, 2026, which is 248% above its 10-year median of 10.01. GuruFocus rates TSX:AMD with a GF Score™ of 77/100 and a GF Value™ of C$48.18 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 732 Semiconductors companies, Advanced Micro Devices ranks worse than 96.31% on this metric.

As of today (2026-08-06), Advanced Micro Devices's current share price is C$87.16. Advanced Micro Devices's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was C$2.50. Advanced Micro Devices's Cyclically Adjusted PS Ratio for today is 34.86.

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

TSX:AMD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.67   Med: 10.01   Max: 40.96
Current: 34.96

During the past years, Advanced Micro Devices's highest Cyclically Adjusted PS Ratio was 40.96. The lowest was 0.67. And the median was 10.01.

TSX:AMD's Cyclically Adjusted PS Ratio is ranked worse than
96.31% of 732 companies
in the Semiconductors industry
Industry Median: 2.83 vs TSX:AMD: 34.96

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.

Advanced Micro Devices's adjusted revenue per share data for the three months ended in Jun. 2026 was C$1.357. 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 C$2.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Advanced Micro Devices  (TSX:AMD) 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.


Advanced Micro Devices Cyclically Adjusted PS Ratio Related Terms


Advanced Micro Devices Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Advanced Micro Devices'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.

Advanced Micro Devices Cyclically Adjusted PS Ratio Chart

Advanced Micro Devices 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 18.20 7.20 15.07 11.29 17.26

Advanced Micro Devices 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 12.32 13.51 17.26 15.51 42.13

TSX:AMD vs MU, INTC, TXN: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, Advanced Micro Devices'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.


Advanced Micro Devices Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


TSX:AMD
77GF Score
Advanced Micro Devices Inc TSX:AMD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Advanced Micro Devices 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.

Advanced Micro Devices's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=87.16/2.50
=34.86

* 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.

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

For example, Advanced Micro Devices'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)
=1.357/333.9520*333.9520
=1.357

Current CPI (Jun. 2026) = 333.9520.

Advanced Micro Devices Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.292 241.428 0.404
201612 0.228 241.432 0.315
201703 0.233 243.801 0.319
201706 0.225 244.955 0.307
201709 0.259 246.819 0.350
201712 0.246 246.524 0.333
201803 0.285 249.554 0.381
201806 0.279 251.989 0.370
201809 0.278 252.439 0.368
201812 0.245 251.233 0.326
201903 0.216 254.202 0.284
201906 0.255 256.143 0.332
201909 0.297 256.759 0.386
201912 0.336 256.974 0.437
202003 0.283 258.115 0.366
202006 0.297 257.797 0.385
202009 0.424 260.280 0.544
202012 0.478 260.474 0.613
202103 0.489 264.877 0.617
202106 0.531 271.696 0.653
202109 0.618 274.310 0.752
202112 0.702 278.802 0.841
202203 0.735 287.504 0.854
202206 0.714 296.311 0.805
202209 0.635 296.808 0.714
202212 0.653 296.797 0.735
202303 0.632 301.836 0.699
202306 0.608 305.109 0.665
202309 0.670 307.789 0.727
202312 0.708 306.746 0.771
202403 0.628 312.332 0.671
202406 0.679 314.175 0.722
202409 0.785 315.301 0.831
202412 0.928 315.605 0.982
202503 0.913 319.799 0.953
202506 0.896 322.561 0.928
202509 1.084 324.800 1.115
202512 1.195 324.054 1.232
202603 1.185 330.213 1.198
202606 1.357 333.952 1.357

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 34.86 mean?
Advanced Micro Devices (TSX:AMD) has a Cyclically Adjusted PS Ratio of 34.86 as of Aug. 06, 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 Advanced Micro Devices and its competitors. This is 248% above median its historical median of 10.01. Over the past decade, Advanced Micro Devices' Cyclically Adjusted PS Ratio has ranged from 0.67 to 40.96. According to the industry distribution chart, Advanced Micro Devices ranks #705 out of 732 companies in the Semiconductors industry, placing it in the top 96.3%.
Is Advanced Micro Devices' Cyclically Adjusted PS Ratio too high?
Advanced Micro Devices' current Cyclically Adjusted PS Ratio of 34.86 is 248% above median its 10-year median of 10.01. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 40.96. The Semiconductors industry median Cyclically Adjusted PS Ratio is 2.83. Advanced Micro Devices' value of 34.86 is 1131.8% above this industry median. Based on the distribution chart, Advanced Micro Devices ranks #705 out of 732 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Advanced Micro Devices has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Micro Devices' Cyclically Adjusted PS Ratio compare to MU and INTC?
According to the Semiconductors industry distribution chart, Advanced Micro Devices ranks #705 out of 732 companies for Cyclically Adjusted PS Ratio. This places Advanced Micro Devices in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.83. Advanced Micro Devices' value of 34.86 is 1131.8% above this benchmark. Historically, Advanced Micro Devices' own Cyclically Adjusted PS Ratio has ranged from 0.67 to 40.96 over the past decade. While the company's 10-year median is 10.01 vs. the industry median of 2.83, Advanced Micro Devices 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 2.83, based on 732 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. Advanced Micro Devices's current Cyclically Adjusted PS Ratio of 34.86 is 1131.8% 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 Advanced Micro Devices and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Micro Devices's current Cyclically Adjusted PS Ratio is 34.86, which is 248% above median its own 10-year median of 10.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Micro Devices stock overvalued right now?
Based on GuruFocus' analysis, Advanced Micro Devices (TSX:AMD) is currently considered Significantly Overvalued. The stock's GF Value™ is C$48.18, compared to a current price of C$87.16 — trading 80.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 34.86, which is 248% above median its 10-year median of 10.01 and 1131.8% above the Semiconductors industry median of 2.83. Advanced Micro Devices' overall GF Score™ is 77/100 with 4 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 Advanced Micro Devices (TSX:AMD), the current Cyclically Adjusted PS Ratio is 34.86 as of Aug. 06, 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 Advanced Micro Devices (TSX:AMD) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Micro Devices stock appears to be overvalued. The current stock price of C$87.16 is trading 80.9% above its estimated GF Value™ of C$48.18. GuruFocus considers Advanced Micro Devices to be Significantly Overvalued.

Key valuation signals for TSX:AMD:

  • Cyclically Adjusted PS Ratio: 34.86 (248% above median its 10-year median of 10.01)
  • GF Value™: C$48.18 vs. price of C$87.16 (80.9% above fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 1131.8% above the Semiconductors median (#705 of 732)

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


Advanced Micro Devices Business Description

Address 2485 Augustine Drive, Santa Clara, CA, USA, 95054
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
77GF Score

Get the complete analysis for TSX:AMD

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

C$87.16
Price
C$48.18
GF Value