Toho Gas Co (FRA:59W) Cyclically Adjusted PS Ratio: 0.86 (As of Aug. 26, 2026) — Near 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:59W Toho Gas Co Ltd FRA:59W
72 GF Score
Price €6.50
GF Value €6.06
! 3 Warning Signs
View Full Analysis

What is Toho Gas Co Cyclically Adjusted PS Ratio?

Toho Gas Co FRA:59W +0.78% 72 Cyclically Adjusted PS Ratio is 0.86 as of Aug. 26, 2026, which is 7% above its 10-year median of 0.80. GuruFocus rates FRA:59W with a GF Score™ of 72/100 and a GF Value™ of €6.06. The stock has 3 warning signs investors should review. Among 438 Utilities - Regulated companies, Toho Gas Co ranks better than 66.89% on this metric.

As of today (2026-08-26), Toho Gas Co's current share price is €6.50. Toho Gas Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €7.52. Toho Gas Co's Cyclically Adjusted PS Ratio for today is 0.86.

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

FRA:59W' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.8   Max: 1.53
Current: 0.87

During the past years, Toho Gas Co's highest Cyclically Adjusted PS Ratio was 1.53. The lowest was 0.48. And the median was 0.80.

FRA:59W's Cyclically Adjusted PS Ratio is ranked better than
66.89% of 438 companies
in the Utilities - Regulated industry
Industry Median: 1.415 vs FRA:59W: 0.87

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 Gas Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.696. 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 €7.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toho Gas Co  (FRA:59W) 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 Gas Co Cyclically Adjusted PS Ratio Related Terms


Toho Gas Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toho Gas 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 Gas Co Cyclically Adjusted PS Ratio Chart

Toho Gas 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 0.59 0.50 0.67 0.77 0.90

Toho Gas Co 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 0.74 0.83 0.84 0.90 0.00

FRA:59W vs ATO, NI: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Gas subindustry, Toho Gas 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 Gas Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:59W
72GF Score
Toho Gas Co Ltd FRA:59W
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.50/7.52
=0.86

* 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 Gas Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Toho Gas Co'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)
=2.696/112.7000*112.7000
=2.696

Current CPI (Mar. 2026) = 112.7000.

Toho Gas Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.876 98.100 2.155
201609 1.642 98.000 1.888
201612 1.717 98.400 1.967
201703 2.358 98.100 2.709
201706 1.836 98.500 2.101
201709 1.639 98.800 1.870
201712 1.896 99.400 2.150
201803 2.359 99.200 2.680
201806 1.843 99.200 2.094
201809 1.795 99.900 2.025
201812 2.151 99.700 2.431
201903 2.692 99.700 3.043
201906 2.316 99.800 2.615
201909 2.187 100.100 2.462
201912 2.145 100.500 2.405
202003 2.899 100.300 3.257
202006 1.986 99.900 2.240
202009 1.924 99.900 2.171
202012 1.872 99.300 2.125
202103 2.419 99.900 2.729
202106 1.834 99.500 2.077
202109 1.920 100.100 2.162
202112 2.366 100.100 2.664
202203 3.264 101.100 3.639
202206 2.427 101.800 2.687
202209 2.654 103.100 2.901
202212 3.048 104.100 3.300
202303 3.657 104.400 3.948
202306 2.411 105.200 2.583
202309 2.195 106.200 2.329
202312 2.251 106.800 2.375
202403 2.678 107.200 2.815
202406 2.066 108.200 2.152
202409 2.251 108.900 2.330
202412 2.544 110.700 2.590
202503 2.999 111.100 3.042
202506 2.512 111.700 2.534
202509 2.197 112.000 2.211
202512 2.289 113.000 2.283
202603 2.696 112.700 2.696

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 0.86 mean?
Toho Gas Co (FRA:59W) has a Cyclically Adjusted PS Ratio of 0.86 as of Aug. 26, 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 Gas Co and its competitors. This is near median its historical median of 0.80. Over the past decade, Toho Gas Co's Cyclically Adjusted PS Ratio has ranged from 0.48 to 1.53. According to the industry distribution chart, Toho Gas Co ranks #145 out of 438 companies in the Utilities - Regulated industry, placing it in the top 33.1%.
Is Toho Gas Co's Cyclically Adjusted PS Ratio too high?
Toho Gas Co's current Cyclically Adjusted PS Ratio of 0.86 is near median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.53. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.42. Toho Gas Co's value of 0.86 is 39.2% below this industry median. Based on the distribution chart, Toho Gas Co ranks #145 out of 438 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Toho Gas Co has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Toho Gas Co's Cyclically Adjusted PS Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Toho Gas Co ranks #145 out of 438 companies for Cyclically Adjusted PS Ratio. This puts Toho Gas Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.42. Toho Gas Co's value of 0.86 is 39.2% below this benchmark. Historically, Toho Gas Co's own Cyclically Adjusted PS Ratio has ranged from 0.48 to 1.53 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.42, Toho Gas Co 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 Cyclically Adjusted PS Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.42, based on 438 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 Gas Co's current Cyclically Adjusted PS Ratio of 0.86 is 39.2% 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 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 Gas Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Gas Co's current Cyclically Adjusted PS Ratio is 0.86, which is near median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Gas Co stock overvalued right now?
Toho Gas Co (FRA:59W) has a current Cyclically Adjusted PS Ratio of 0.86. The stock's GF Value™ is €6.06, compared to a current price of €6.50 — trading 7.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.86, which is near median its 10-year median of 0.80 and 39.2% below the Utilities - Regulated industry median of 1.42. Toho Gas Co's overall GF Score™ is 72/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Toho Gas Co (FRA:59W), the current Cyclically Adjusted PS Ratio is 0.86 as of Aug. 26, 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 Gas Co (FRA:59W) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Gas Co stock appears to be overvalued. The current stock price of €6.50 is trading 7.3% above its estimated GF Value™ of €6.06.

Key valuation signals for FRA:59W:

  • Cyclically Adjusted PS Ratio: 0.86 (near median its 10-year median of 0.80)
  • GF Value™: €6.06 vs. price of €6.50 (7.3% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 39.2% below the Utilities - Regulated median (#145 of 438)

No single metric tells the full story. See the FRA:59W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toho Gas Co Business Description

Other Exchanges 9533:Japan59W:Germany
Address 19-18 Sakuradacho, Atsuta-ku, Aichi Prefecture, Nagoya, JPN, 456-8511
Toho Gas Co Ltd is a Japan-based company engaged in the supply of energy and related services, including electricity, gas, and liquefied petroleum gas (LPG). The company operates in three business segments. The Electricity segment engages in the sale of electricity. The Gas segment handles the manufacture and sale of gas, gas appliances, consignment supply, and plumbing work. The LPG and Other Energies segment covers the sale of LPG, related equipment, natural gas, heat supply, and coke. The Others segment includes contract processing, real estate management, and other ancillary businesses. It generates the majority of its revenue from the Gas segment.
72GF Score

Get the complete analysis for FRA:59W

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

€6.50
Price
€6.06
GF Value