ASM International NV (XTER:AVS) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

XTER:AVS ASM International NV XTER:AVS
98 GF Score
Price €810.80
GF Value €735.82
Valuation Fairly Valued
! 1 Warning Sign
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What is ASM International NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ASM International NV  (XTER:AVS) 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.


ASM International NV Cyclically Adjusted PS Ratio Related Terms


ASM International NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ASM International NV'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.

ASM International NV Cyclically Adjusted PS Ratio Chart

ASM International NV 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 23.10 10.37 17.18 16.73 13.27

ASM International NV 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 16.00 14.79 13.13 15.31 23.03

XTER:AVS vs LRCX, AMAT, KLAC: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, ASM International NV'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.


ASM International NV Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ASM International NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XTER:AVS
98GF Score
ASM International NV XTER:AVS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ASM International NV 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.

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

For example, ASM International NV'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)
=20.409/137.7000*137.7000
=20.409

Current CPI (Jun. 2026) = 137.7000.

ASM International NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.368 100.570 3.242
201612 2.848 100.710 3.894
201703 2.596 101.440 3.524
201706 3.576 101.370 4.858
201709 3.003 102.030 4.053
201712 3.573 101.970 4.825
201803 2.862 102.470 3.846
201806 3.791 103.100 5.063
201809 3.746 103.950 4.962
201812 5.116 103.970 6.776
201903 4.977 105.370 6.504
201906 7.229 105.840 9.405
201909 5.388 106.700 6.953
201912 8.037 106.800 10.362
202003 6.574 106.850 8.472
202006 6.898 107.510 8.835
202009 6.363 107.880 8.122
202012 7.040 107.850 8.988
202103 8.032 108.870 10.159
202106 8.409 109.670 10.558
202109 8.830 110.790 10.975
202112 10.054 114.010 12.143
202203 10.583 119.460 12.199
202206 11.425 119.050 13.215
202209 12.524 126.890 13.591
202212 14.611 124.940 16.103
202303 14.313 124.720 15.803
202306 13.476 125.830 14.747
202309 12.561 127.160 13.602
202312 12.793 126.450 13.931
202403 12.919 128.580 13.835
202406 14.267 129.910 15.123
202409 15.788 131.610 16.519
202412 16.404 131.630 17.160
202503 17.090 133.330 17.650
202506 16.942 133.960 17.415
202509 16.292 135.920 16.505
202512 14.220 135.470 14.454
202603 17.565 136.840 17.675
202606 20.409 137.700 20.409

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 ASM International NV (XTER:AVS) Overvalued in 2026?

Based on GuruFocus' analysis, ASM International NV stock appears to be overvalued. The current stock price of €810.80 is trading 10.2% above its estimated GF Value™ of €735.82. GuruFocus considers ASM International NV to be Fairly Valued.

Key valuation signals for XTER:AVS:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €735.82 vs. price of €810.80 (10.2% above fair value)
  • GF Score™: 98/100 with 1 warning sign

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


ASM International NV Business Description

Address Versterkerstraat 8, Almere, FL, NLD, 1322 AP
ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, a precise deposition technique that is required in the most advanced semiconductors. ASM's main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer's innovation and product road maps. Once a machine is established in a fab, it can generate service revenue for decades.
98GF 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.

€810.80
Price
€735.82
GF Value