Toho Titanium Co (FRA:40A) Cyclically Adjusted PS Ratio: 3.42 (As of Jul. 28, 2026) — 80% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

FRA:40A Toho Titanium Co Ltd FRA:40A
50 GF Score
Price €14.90
GF Value €7.95
! 4 Warning Signs
View Full Analysis

What is Toho Titanium Co Cyclically Adjusted PS Ratio?

Toho Titanium Co FRA:40A 50 Cyclically Adjusted PS Ratio is 3.42 as of Jul. 28, 2026, which is 80% above its 10-year median of 1.90. GuruFocus rates FRA:40A with a GF Score™ of 50/100 and a GF Value™ of €7.95. The stock has 4 warning signs investors should review. Among 573 Metals & Mining companies, Toho Titanium Co ranks worse than 61.08% on this metric.

As of today (2026-07-28), Toho Titanium Co's current share price is €14.90. Toho Titanium Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €4.36. Toho Titanium Co's Cyclically Adjusted PS Ratio for today is 3.42.

The historical rank and industry rank for Toho Titanium Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:40A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.9   Max: 5.09
Current: 3.24

During the past years, Toho Titanium Co's highest Cyclically Adjusted PS Ratio was 5.09. The lowest was 0.99. And the median was 1.90.

FRA:40A's Cyclically Adjusted PS Ratio is ranked worse than
61.08% of 573 companies
in the Metals & Mining industry
Industry Median: 2.12 vs FRA:40A: 3.24

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.

Toho Titanium Co's adjusted revenue per share data for the three months ended in Dec. 2025 was €1.561. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €4.36 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toho Titanium Co  (FRA:40A) 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.


Toho Titanium Co Cyclically Adjusted PS Ratio Related Terms


Toho Titanium Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toho Titanium Co'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.

Toho Titanium Co Cyclically Adjusted PS Ratio Chart

Toho Titanium Co 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 2.53 3.43 2.17 1.36 0.00

Toho Titanium Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.36 1.56 2.10 1.52 0.00

Toho Titanium Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Toho Titanium Co'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.


Toho Titanium Co Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Toho Titanium Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Toho Titanium Co's Cyclically Adjusted PS Ratio falls into.


FRA:40A
50GF Score
Toho Titanium Co Ltd FRA:40A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toho Titanium Co 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.

Toho Titanium Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.90/4.36
=3.42

* 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.

Toho Titanium Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Toho Titanium Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.561/113.0000*113.0000
=1.561

Current CPI (Dec. 2025) = 113.0000.

Toho Titanium Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.995 97.900 1.148
201606 0.938 98.100 1.080
201609 0.931 98.000 1.074
201612 0.948 98.400 1.089
201703 0.871 98.100 1.003
201706 1.016 98.500 1.166
201709 0.936 98.800 1.071
201712 1.034 99.400 1.175
201803 1.033 99.200 1.177
201806 1.148 99.200 1.308
201809 1.040 99.900 1.176
201812 1.226 99.700 1.390
201903 1.379 99.700 1.563
201906 1.201 99.800 1.360
201909 1.314 100.100 1.483
201912 1.403 100.500 1.578
202003 1.404 100.300 1.582
202006 0.925 99.900 1.046
202009 0.973 99.900 1.101
202012 1.017 99.300 1.157
202103 1.133 99.900 1.282
202106 1.251 99.500 1.421
202109 1.569 100.100 1.771
202112 1.564 100.100 1.766
202203 1.605 101.100 1.794
202206 1.992 101.800 2.211
202209 1.863 103.100 2.042
202212 1.926 104.100 2.091
202303 2.147 104.400 2.324
202306 1.482 105.200 1.592
202309 1.825 106.200 1.942
202312 1.775 106.800 1.878
202403 1.891 107.200 1.993
202406 1.767 108.200 1.845
202409 1.986 108.900 2.061
202412 1.922 110.700 1.962
202503 2.020 111.100 2.055
202506 1.867 111.700 1.889
202509 1.531 112.000 1.545
202512 1.561 113.000 1.561

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.

What does a Cyclically Adjusted PS Ratio of 3.42 mean?
Toho Titanium Co (FRA:40A) has a Cyclically Adjusted PS Ratio of 3.42 as of Jul. 28, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Toho Titanium Co and its competitors. This is 80% above median its historical median of 1.90. Over the past decade, Toho Titanium Co's Cyclically Adjusted PS Ratio has ranged from 0.99 to 5.09. According to the industry distribution chart, Toho Titanium Co ranks #350 out of 573 companies in the Metals & Mining industry, placing it in the top 61.1%.
Is Toho Titanium Co's Cyclically Adjusted PS Ratio too high?
Toho Titanium Co's current Cyclically Adjusted PS Ratio of 3.42 is 80% above median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 5.09. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.12. Toho Titanium Co's value of 3.42 is 61.3% above this industry median. Based on the distribution chart, Toho Titanium Co ranks #350 out of 573 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Toho Titanium Co has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Toho Titanium Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Toho Titanium Co ranks #350 out of 573 companies for Cyclically Adjusted PS Ratio. This places Toho Titanium Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.12. Toho Titanium Co's value of 3.42 is 61.3% above this benchmark. Historically, Toho Titanium Co's own Cyclically Adjusted PS Ratio has ranged from 0.99 to 5.09 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 2.12, Toho Titanium Co has consistently been above 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 Cyclically Adjusted PS Ratio for a Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.12, based on 573 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toho Titanium Co's current Cyclically Adjusted PS Ratio of 3.42 is 61.3% above 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Toho Titanium Co and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Titanium Co's current Cyclically Adjusted PS Ratio is 3.42, which is 80% above median its own 10-year median of 1.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Titanium Co stock overvalued right now?
Toho Titanium Co (FRA:40A) has a current Cyclically Adjusted PS Ratio of 3.42. The stock's GF Value™ is €7.95, compared to a current price of €14.90 — trading 87.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.42, which is 80% above median its 10-year median of 1.90 and 61.3% above the Metals & Mining industry median of 2.12. Toho Titanium Co's overall GF Score™ is 50/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Toho Titanium Co (FRA:40A), the current Cyclically Adjusted PS Ratio is 3.42 as of Jul. 28, 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 Toho Titanium Co (FRA:40A) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Titanium Co stock appears to be overvalued. The current stock price of €14.90 is trading 87.4% above its estimated GF Value™ of €7.95.

Key valuation signals for FRA:40A:

  • Cyclically Adjusted PS Ratio: 3.42 (80% above median its 10-year median of 1.90)
  • GF Value™: €7.95 vs. price of €14.90 (87.4% above fair value)
  • GF Score™: 50/100 with 4 warning signs
  • Industry Position: 61.3% above the Metals & Mining median (#350 of 573)

No single metric tells the full story. See the FRA:40A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toho Titanium Co Business Description

Address 3-3-5,Chigasaki, Chigasaki City, Kanagawa, JPN, 2538510
Toho Titanium Co Ltd is a company which focuses on titanium products. Through its titanium business, the company manufactures titanium ingots, titanium sponge, high-purity titanium, and fabricated titanium products. Products are sold across several industries, mostly for aerospace and electronic materials production. Materials gained in the titanium production process are utilised to create catalysts, titanium dioxide for electronic materials, and nickel powder for capacitors. These products form the catalysts and chemicals business, and the output is largely sold to petrochemical companies and businesses manufacturing electronic materials.
50GF Score

Get the complete analysis for FRA:40A

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

€14.90
Price
€7.95
GF Value