Indie SemiconductorINDI -6.71%78 PS Ratio is 3.90 as of Jul. 02, 2026, which is 18% below its 10-year median of 4.75. GuruFocus rates INDI with a GF Score™ of 78/100 and a GF Value™ of $4.28 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,020 Semiconductors companies, Indie Semiconductor ranks better than 52.25% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Indie Semiconductor's share price is $4.24.
Indie Semiconductor's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $1.09. Hence, Indie Semiconductor's PS Ratio for today is 3.90.
The historical rank and industry rank for Indie Semiconductor's PS Ratio or its related term are showing as below:
INDI'
s PS Ratio Range Over the Past 10 Years
Min: 1.33 Med: 4.75 Max: 38.26
Current: 3.88
During the past 6 years, Indie Semiconductor's highest PS Ratio was 38.26. The lowest was 1.33. And the median was 4.75.
INDI's PS Ratio is ranked better than 52.25% of 1020
companies
in the Semiconductors industry
Industry Median: 4.485
vs INDI: 3.88
Indie Semiconductor Inc revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Indie Semiconductor was -9.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 5.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 34.00% per year.
During the past 6 years, Indie Semiconductor's highest 3-Year average Revenue per Share Growth Rate was 90.30% per year. The lowest was 5.70% per year. And the median was 21.50% per year.
Back to Basics: PS Ratio
Indie Semiconductor (NAS:INDI) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Indie Semiconductor PS Ratio Related Terms
Indie Semiconductor PS Ratio Historical Data
* Premium members only.
The historical data trend for Indie Semiconductor's 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.
For the Semiconductors subindustry, Indie Semiconductor's PS Ratio, along with its competitors' market caps and 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.
Indie Semiconductor PS Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Indie Semiconductor's PS Ratio distribution charts can be found below:
* The bar in red indicates where Indie Semiconductor's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Indie Semiconductor's Share Price of today is $4.24. Indie Semiconductor's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.09.
* 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.
It can also be calculated from the numbers for the whole company:
Indie Semiconductor (INDI) has a PS Ratio of 3.90 as of Jul. 02, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Indie Semiconductor and its competitors. This is 18% below median its historical median of 4.75. Over the past decade, Indie Semiconductor's PS Ratio has ranged from 1.33 to 38.26. According to the industry distribution chart, Indie Semiconductor ranks #487 out of 1020 companies in the Semiconductors industry, placing it in the top 47.7%.
Is Indie Semiconductor's PS Ratio too high?
Indie Semiconductor's current PS Ratio of 3.90 is 18% below median its 10-year median of 4.75. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 38.26. The Semiconductors industry median PS Ratio is 4.49. Indie Semiconductor's value of 3.90 is 13% below this industry median. Based on the distribution chart, Indie Semiconductor ranks #487 out of 1020 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Indie Semiconductor has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indie Semiconductor's PS Ratio compare to LAES and MRAM?
According to the Semiconductors industry distribution chart, Indie Semiconductor ranks #487 out of 1020 companies for PS Ratio. This puts Indie Semiconductor in the upper half of its industry. The industry median PS Ratio is 4.49. Indie Semiconductor's value of 3.90 is 13% below this benchmark. Historically, Indie Semiconductor's own PS Ratio has ranged from 1.33 to 38.26 over the past decade. While the company's 10-year median is 4.75 vs. the industry median of 4.49, Indie Semiconductor has consistently been below 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 PS Ratio for a Semiconductors company?
The median PS Ratio among Semiconductors companies is 4.49, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indie Semiconductor's current PS Ratio of 3.90 is 13% below 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Indie Semiconductor and its competitors. For the Semiconductors industry, the median PS Ratio is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indie Semiconductor's current PS Ratio is 3.90, which is 18% below median its own 10-year median of 4.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indie Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, Indie Semiconductor (INDI) is currently considered Fairly Valued. The stock's GF Value™ is $4.28, compared to a current price of $4.24 — trading 0.9% below its estimated fair value. The current PS Ratio is 3.90, which is 18% below median its 10-year median of 4.75 and 13% below the Semiconductors industry median of 4.49. Indie Semiconductor's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Indie Semiconductor (INDI), the current PS Ratio is 3.90 as of Jul. 02, 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 Indie Semiconductor (INDI) Overvalued in 2026?
Based on GuruFocus' analysis, Indie Semiconductor stock appears to be undervalued.
The current stock price of $4.24 is trading 0.9% below its estimated GF Value™ of $4.28.
GuruFocus considers Indie Semiconductor to be Fairly Valued.
Key valuation signals for INDI:
PS Ratio: 3.90 (18% below median its 10-year median of 4.75)
GF Value™: $4.28 vs. price of $4.24 (0.9% below fair value)
Industry Position: 13% below the Semiconductors median (#487 of 1020)
No single metric tells the full story. See the INDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indie Semiconductor Inc caters to the autotech industry with semiconductors, photonics, and software platforms. The company's products include devices for a multitude of automotive applications spanning vision and radar processors, in-cabin wireless charging and USB power delivery, device interfacing through Apple CarPlay and Android Auto, and high-speed video and data connectivity. New products under evaluation or development include LiDAR, cybersecurity-enabled microcontrollers, and sensor-fusion processors. Its Photonics division mainly offers low-noise lasers, standard, and custom light sources. Geographically, the company generates the majority of its revenue from Greater China and the rest from the United States, Europe, South Korea, and other regions.
78GF Score
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