Toyota Motor (MEX:TMN) Cyclically Adjusted FCF per Share: MXN-45.24 (As of Mar. 2026)


MEX:TMN Toyota Motor Corp MEX:TMN
81 GF Score
Price MXN3,149.75
GF Value MXN3,611.08
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Toyota Motor Cyclically Adjusted FCF per Share?

Toyota Motor MEX:TMN +0.41% 81 Cyclically Adjusted FCF per Share is MXN-45.24 as of Mar. 2026. GuruFocus rates MEX:TMN with a GF Score™ of 81/100 and a GF Value™ of MXN3,611.08 (Modestly Undervalued). The stock has 3 warning signs 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Toyota Motor's adjusted free cash flow per share for the three months ended in Mar. 2026 was MXN22.283. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN-45.24 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -72.10% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Toyota Motor was 36.40% per year. The lowest was -72.10% per year. And the median was 1.20% per year.

As of today (2026-07-08), Toyota Motor's current stock price is MXN3149.75. Toyota Motor's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was MXN-45.24. Toyota Motor's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Toyota Motor was 2970.59. The lowest was 45.45. And the median was 75.72.


Toyota Motor  (MEX:TMN) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Toyota Motor was 2970.59. The lowest was 45.45. And the median was 75.72.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Toyota Motor Cyclically Adjusted FCF per Share Related Terms


Toyota Motor Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Toyota Motor's Cyclically Adjusted FCF 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.

Toyota Motor Cyclically Adjusted FCF per Share Chart

Toyota Motor Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.20 -10.00 -21.83 -52.87 -45.24

Toyota Motor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 -52.87 -42.70 -41.40 -41.96 -45.24

MEX:TMN vs TSLA, GM, F: Cyclically Adjusted FCF per Share Comparison

For the Auto Manufacturers subindustry, Toyota Motor's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Toyota Motor Cyclically Adjusted Price-to-FCF vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Toyota Motor's Cyclically Adjusted Price-to-FCF falls into.


MEX:TMN
81GF Score
Toyota Motor Corp MEX:TMN
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyota Motor Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, Toyota Motor's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=22.283/112.7000*112.7000
=22.283

Current CPI (Mar. 2026) = 112.7000.

Toyota Motor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 24.830 98.100 28.525
201609 -53.942 98.000 -62.033
201612 -27.062 98.400 -30.995
201703 52.443 98.100 60.248
201706 20.639 98.500 23.614
201709 7.635 98.800 8.709
201712 2.840 99.400 3.220
201803 39.096 99.200 44.417
201806 -24.604 99.200 -27.952
201809 12.295 99.900 13.870
201812 13.211 99.700 14.934
201903 1.521 99.700 1.719
201906 -46.985 99.800 -53.058
201909 -5.404 100.100 -6.084
201912 -58.195 100.500 -65.259
202003 -69.290 100.300 -77.856
202006 -22.521 99.900 -25.407
202009 -40.167 99.900 -45.314
202012 -67.053 99.300 -76.101
202103 -16.454 99.900 -18.562
202106 -23.294 99.500 -26.384
202109 -9.918 100.100 -11.166
202112 -4.257 100.100 -4.793
202203 21.797 101.100 24.298
202206 -15.347 101.800 -16.990
202209 -2.670 103.100 -2.919
202212 -80.891 104.100 -87.574
202303 17.741 104.400 19.151
202306 16.414 105.200 17.584
202309 -17.408 106.200 -18.473
202312 -63.121 106.800 -66.608
202403 -8.479 107.200 -8.914
202406 -70.136 108.200 -73.053
202409 -31.074 108.900 -32.158
202412 -59.690 110.700 -60.768
202503 9.327 111.100 9.461
202506 63.352 111.700 63.919
202509 -19.426 112.000 -19.547
202512 -40.682 113.000 -40.574
202603 22.283 112.700 22.283

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of MXN-45.24 mean?
Toyota Motor (MEX:TMN) has a Cyclically Adjusted FCF per Share of MXN-45.24 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Toyota Motor and its competitors.
Is Toyota Motor's Cyclically Adjusted FCF per Share too high?
Toyota Motor's current Cyclically Adjusted FCF per Share is MXN-45.24. Overall, Toyota Motor has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Motor's Cyclically Adjusted FCF per Share compare to TSLA and GM?
Toyota Motor's Cyclically Adjusted FCF per Share of MXN-45.24 can be compared against companies in the Vehicles & Parts 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 FCF per Share for a Vehicles & Parts company?
A good Cyclically Adjusted FCF per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Toyota Motor and its competitors. Toyota Motor's current Cyclically Adjusted FCF per Share is MXN-45.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Motor stock overvalued right now?
Based on GuruFocus' analysis, Toyota Motor (MEX:TMN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,611.08, compared to a current price of MXN3,149.75 — trading 12.8% below its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN-45.24. Toyota Motor's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Toyota Motor (MEX:TMN), the current Cyclically Adjusted FCF per Share is MXN-45.24 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 Toyota Motor (MEX:TMN) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued. The current stock price of MXN3,149.75 is trading 12.8% below its estimated GF Value™ of MXN3,611.08. GuruFocus considers Toyota Motor to be Modestly Undervalued.

Key valuation signals for MEX:TMN:

  • Cyclically Adjusted FCF per Share: MXN-45.24
  • GF Value™: MXN3,611.08 vs. price of MXN3,149.75 (12.8% below fair value)
  • GF Score™: 81/100 with 3 warning signs

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


Toyota Motor Business Description

Address 1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
81GF Score

Get the complete analysis for MEX:TMN

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

MXN3,149.75
Price
MXN3,611.08
GF Value