Tower Semiconductor (FRA:TOW) Cyclically Adjusted Revenue per Share: €12.46 (As of Mar. 2026)

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FRA:TOW Tower Semiconductor Ltd FRA:TOW
70 GF Score
Price €197.00
GF Value €49.10
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Tower Semiconductor Cyclically Adjusted Revenue per Share?

Tower Semiconductor FRA:TOW -6.64% 70 Cyclically Adjusted Revenue per Share is €12.46 as of Mar. 2026. GuruFocus rates FRA:TOW with a GF Score™ of 70/100 and a GF Value™ of €49.10 (Significantly Overvalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Tower Semiconductor's adjusted revenue per share for the three months ended in Mar. 2026 was €3.129. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €12.46 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tower Semiconductor's average Cyclically Adjusted Revenue Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -5.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Tower Semiconductor was -0.40% per year. The lowest was -17.50% per year. And the median was -7.10% per year.

As of today (2026-07-18), Tower Semiconductor's current stock price is €197.00. Tower Semiconductor's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €12.46. Tower Semiconductor's Cyclically Adjusted PS Ratio of today is 15.81.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tower Semiconductor was 17.82. The lowest was 0.65. And the median was 1.88.


Tower Semiconductor  (FRA:TOW) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Tower Semiconductor's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=197.00/12.46
=15.81

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tower Semiconductor was 17.82. The lowest was 0.65. And the median was 1.88.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Tower Semiconductor Cyclically Adjusted Revenue per Share Related Terms


Tower Semiconductor Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tower Semiconductor's Cyclically Adjusted Revenue per Share 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.

Tower Semiconductor Cyclically Adjusted Revenue per Share Chart

Tower Semiconductor Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.71 12.25 11.55 11.96 12.71

Tower Semiconductor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 11.39 11.61 11.72 12.71 12.46

FRA:TOW vs NVDA, AVGO, MU: Cyclically Adjusted Revenue per Share Comparison

For the Semiconductors subindustry, Tower Semiconductor'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.


Tower Semiconductor Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


FRA:TOW
70GF Score
Tower Semiconductor Ltd FRA:TOW
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tower Semiconductor Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Tower Semiconductor'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)
=3.129/330.2130*330.2130
=3.129

Current CPI (Mar. 2026) = 330.2130.

Tower Semiconductor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.710 241.018 3.713
201609 2.855 241.428 3.905
201612 3.108 241.432 4.251
201703 2.942 243.801 3.985
201706 2.907 244.955 3.919
201709 2.796 246.819 3.741
201712 2.830 246.524 3.791
201803 2.508 249.554 3.319
201806 2.839 251.989 3.720
201809 2.708 252.439 3.542
201812 2.772 251.233 3.643
201903 2.566 254.202 3.333
201906 2.527 256.143 3.258
201909 2.634 256.759 3.388
201912 2.548 256.974 3.274
202003 2.512 258.115 3.214
202006 2.543 257.797 3.257
202009 2.427 260.280 3.079
202012 2.604 260.474 3.301
202103 2.664 264.877 3.321
202106 2.742 271.696 3.333
202109 2.993 274.310 3.603
202112 3.308 278.802 3.918
202203 3.459 287.504 3.973
202206 3.646 296.311 4.063
202209 3.892 296.808 4.330
202212 3.431 296.797 3.817
202303 2.990 301.836 3.271
202306 2.964 305.109 3.208
202309 3.017 307.789 3.237
202312 2.897 306.746 3.119
202403 2.697 312.332 2.851
202406 2.913 314.175 3.062
202409 2.968 315.301 3.108
202412 3.273 315.605 3.424
202503 2.928 319.799 3.023
202506 2.848 322.561 2.916
202509 2.964 324.800 3.013
202512 3.292 324.054 3.355
202603 3.129 330.213 3.129

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €12.46 mean?
Tower Semiconductor (FRA:TOW) has a Cyclically Adjusted Revenue per Share of €12.46 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tower Semiconductor and its competitors.
Is Tower Semiconductor's Cyclically Adjusted Revenue per Share too high?
Tower Semiconductor's current Cyclically Adjusted Revenue per Share is €12.46. Overall, Tower Semiconductor has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tower Semiconductor's Cyclically Adjusted Revenue per Share compare to NVDA and AVGO?
Tower Semiconductor's Cyclically Adjusted Revenue per Share of €12.46 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Semiconductors company?
A good Cyclically Adjusted Revenue per Share depends on the Semiconductors industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tower Semiconductor and its competitors. Tower Semiconductor's current Cyclically Adjusted Revenue per Share is €12.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tower Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, Tower Semiconductor (FRA:TOW) is currently considered Significantly Overvalued. The stock's GF Value™ is €49.10, compared to a current price of €197.00 — trading 301.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €12.46. Tower Semiconductor's overall GF Score™ is 70/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Tower Semiconductor (FRA:TOW), the current Cyclically Adjusted Revenue per Share is €12.46 as of Mar. 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 Tower Semiconductor (FRA:TOW) Overvalued in 2026?

Based on GuruFocus' analysis, Tower Semiconductor stock appears to be overvalued. The current stock price of €197.00 is trading 301.2% above its estimated GF Value™ of €49.10. GuruFocus considers Tower Semiconductor to be Significantly Overvalued.

Key valuation signals for FRA:TOW:

  • Cyclically Adjusted Revenue per Share: €12.46
  • GF Value™: €49.10 vs. price of €197.00 (301.2% above fair value)
  • GF Score™: 70/100 with 1 warning sign

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


Tower Semiconductor Business Description

Address 20 Shaul Amor Avenue, P.O. Box 619, Ramat Gavriel Industrial Park, Migdal Haemek, ISR, 2310502
Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs) based on the design specifications of customers. The company's line of integrated circuits is incorporated into markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. It produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. The company has a geographical presence in the USA, Japan, Asia (other than Japan), and Europe.
70GF Score

Get the complete analysis for FRA:TOW

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

€197.00
Price
€49.10
GF Value