SanDisk (TSX:SNDK) Cyclically Adjusted PS Ratio: 33.44 (As of Sep. 04, 2026) — 426% Above Median

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TSX:SNDK SanDisk Corp TSX:SNDK
51 GF Score
Price C$37.79
! 2 Warning Signs
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What is SanDisk Cyclically Adjusted PS Ratio?

SanDisk TSX:SNDK +0.35% 51 Cyclically Adjusted PS Ratio is 33.44 as of Sep. 04, 2026, which is 426% above its 10-year median of 6.36. GuruFocus rates TSX:SNDK with a GF Score™ of 51/100. The stock has 2 warning signs investors should review. Among 1,968 Hardware companies, SanDisk ranks worse than 98.68% on this metric.

As of today (2026-09-04), SanDisk's current share price is C$37.79. SanDisk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was C$1.13. SanDisk's Cyclically Adjusted PS Ratio for today is 33.44.

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

TSX:SNDK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.9   Med: 6.36   Max: 53.55
Current: 33.56

During the past years, SanDisk's highest Cyclically Adjusted PS Ratio was 53.55. The lowest was 0.90. And the median was 6.36.

TSX:SNDK's Cyclically Adjusted PS Ratio is ranked worse than
98.68% of 1968 companies
in the Hardware industry
Industry Median: 1.41 vs TSX:SNDK: 33.56

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.

SanDisk's adjusted revenue per share data for the three months ended in Jun. 2026 was C$79.630. 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$1.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SanDisk  (TSX:SNDK) 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.


SanDisk Cyclically Adjusted PS Ratio Related Terms


SanDisk Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SanDisk'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.

SanDisk Cyclically Adjusted PS Ratio Chart

SanDisk Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.32 49.07

SanDisk Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 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 1.32 3.16 6.44 15.57 49.07

TSX:SNDK vs ANET, STX, WDC: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, SanDisk'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.


SanDisk Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TSX:SNDK
51GF Score
SanDisk Corp TSX:SNDK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SanDisk 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=37.79/1.13
=33.44

* 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.

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

For example, SanDisk'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)
=79.63/333.9520*333.9520
=79.630

Current CPI (Jun. 2026) = 333.9520.

SanDisk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200903 3.681 212.709 5.779
200906 3.561 215.693 5.513
200909 4.346 215.969 6.720
200912 5.566 215.949 8.607
201003 4.692 217.631 7.200
201006 5.102 217.965 7.817
201009 5.294 218.439 8.094
201012 5.626 219.179 8.572
201103 5.193 223.467 7.760
201106 5.506 225.722 8.146
201109 5.826 226.889 8.575
201112 6.538 225.672 9.675
201203 4.849 229.392 7.059
201206 4.339 229.478 6.314
201209 5.100 231.407 7.360
201212 6.240 229.601 9.076
201303 5.593 232.773 8.024
201306 6.194 233.504 8.859
201309 7.151 234.149 10.199
201312 7.851 233.049 11.250
201403 7.149 236.293 10.104
201406 7.350 238.343 10.298
201409 7.990 238.031 11.210
201412 8.515 234.812 12.110
201503 7.503 236.119 10.612
201506 7.192 238.638 10.065
201509 9.362 237.945 13.139
201512 10.131 236.525 14.304
201603 8.605 238.132 12.067
202312 15.405 306.746 16.771
202403 15.916 312.332 17.018
202406 16.635 314.175 17.682
202409 17.591 315.301 18.632
202412 18.433 315.605 19.505
202503 16.782 319.799 17.525
202506 17.919 322.561 18.552
202509 21.429 324.800 22.033
202512 26.750 324.054 27.567
202603 51.996 330.213 52.585
202606 79.630 333.952 79.630

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 33.44 mean?
SanDisk (TSX:SNDK) has a Cyclically Adjusted PS Ratio of 33.44 as of Sep. 04, 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 SanDisk and its competitors. This is 426% above median its historical median of 6.36. Over the past decade, SanDisk's Cyclically Adjusted PS Ratio has ranged from 0.90 to 53.55. According to the industry distribution chart, SanDisk ranks #1942 out of 1968 companies in the Hardware industry, placing it in the top 98.7%.
Is SanDisk's Cyclically Adjusted PS Ratio too high?
SanDisk's current Cyclically Adjusted PS Ratio of 33.44 is 426% above median its 10-year median of 6.36. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 53.55. The Hardware industry median Cyclically Adjusted PS Ratio is 1.41. SanDisk's value of 33.44 is 2271.6% above this industry median. Based on the distribution chart, SanDisk ranks #1942 out of 1968 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, SanDisk has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does SanDisk's Cyclically Adjusted PS Ratio compare to ANET and STX?
According to the Hardware industry distribution chart, SanDisk ranks #1942 out of 1968 companies for Cyclically Adjusted PS Ratio. This places SanDisk in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. SanDisk's value of 33.44 is 2271.6% above this benchmark. Historically, SanDisk's own Cyclically Adjusted PS Ratio has ranged from 0.90 to 53.55 over the past decade. While the company's 10-year median is 6.36 vs. the industry median of 1.41, SanDisk 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 1.41, based on 1,968 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. SanDisk's current Cyclically Adjusted PS Ratio of 33.44 is 2271.6% 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 SanDisk and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SanDisk's current Cyclically Adjusted PS Ratio is 33.44, which is 426% above median its own 10-year median of 6.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SanDisk stock overvalued right now?
SanDisk (TSX:SNDK) has a current Cyclically Adjusted PS Ratio of 33.44. The current Cyclically Adjusted PS Ratio is 33.44, which is 426% above median its 10-year median of 6.36 and 2271.6% above the Hardware industry median of 1.41. SanDisk's overall GF Score™ is 51/100 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 SanDisk (TSX:SNDK), the current Cyclically Adjusted PS Ratio is 33.44 as of Sep. 04, 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.

SanDisk Business Description

Address 951 SanDisk Drive, Milpitas, CA, USA, 95035
Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk is vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with Kioxia. Sandisk then repackages most of its chips into SSDs for consumer electronics, external storage, or cloud storage. Sandisk was formerly a piece of Western Digital for nine years (after being acquired in 2016) and was spun off as an independent company in 2025.
51GF Score

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

C$37.79
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