Toyota Motor (BSP:TMCO34) Cyclically Adjusted PS Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BSP:TMCO34 Toyota Motor Corp BSP:TMCO34
77 GF Score
Price R$60.90
GF Value R$67.99
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Toyota Motor Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyota Motor  (BSP:TMCO34) 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.


Toyota Motor Cyclically Adjusted PS Ratio Related Terms


Toyota Motor Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toyota Motor'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.

Toyota Motor Cyclically Adjusted PS Ratio Chart

Toyota Motor Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.16 0.90 1.65 1.02 1.14

Toyota Motor 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 0.95 1.07 1.23 1.14 0.00

BSP:TMCO34 vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

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

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


BSP:TMCO34
77GF Score
Toyota Motor Corp BSP:TMCO34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyota Motor 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.

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

For example, Toyota Motor'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)
=22.014/113.6000*113.6000
=22.014

Current CPI (Jun. 2026) = 113.6000.

Toyota Motor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.454 98.000 9.800
201612 8.396 98.400 9.693
201703 8.514 98.100 9.859
201706 8.660 98.500 9.988
201709 8.423 98.800 9.685
201712 9.276 99.400 10.601
201803 9.871 99.200 11.304
201806 10.666 99.200 12.214
201809 11.462 99.900 13.034
201812 11.539 99.700 13.148
201903 10.924 99.700 12.447
201906 11.960 99.800 13.614
201909 12.821 100.100 14.550
201912 12.632 100.500 14.279
202003 13.874 100.300 15.714
202006 9.930 99.900 11.292
202009 15.233 99.900 17.322
202012 17.774 99.300 20.334
202103 17.542 99.900 19.948
202106 16.202 99.500 18.498
202109 16.234 100.100 18.423
202112 17.459 100.100 19.814
202203 15.415 101.100 17.321
202206 14.561 101.800 16.249
202209 15.404 103.100 16.973
202212 17.388 104.100 18.975
202303 17.376 104.400 18.907
202306 16.697 105.200 18.030
202309 17.654 106.200 18.884
202312 18.979 106.800 20.187
202403 17.065 107.200 18.084
202406 18.742 108.200 19.677
202409 20.736 108.900 21.631
202412 25.040 110.700 25.696
202503 21.459 111.100 21.942
202506 22.555 111.700 22.939
202509 21.528 112.000 21.836
202512 21.205 113.000 21.318
202603 21.289 112.700 21.459
202606 22.014 113.600 22.014

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 Toyota Motor (BSP:TMCO34) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued. The current stock price of R$60.90 is trading 10.4% below its estimated GF Value™ of R$67.99. GuruFocus considers Toyota Motor to be Modestly Undervalued.

Key valuation signals for BSP:TMCO34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$67.99 vs. price of R$60.90 (10.4% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the BSP:TMCO34 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.
77GF Score

Get the complete analysis for BSP:TMCO34

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

R$60.90
Price
R$67.99
GF Value