Toho Co (FRA:TOH) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:TOH Toho Co Ltd FRA:TOH
95 GF Score
Price €8.65
GF Value €8.57
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What is Toho Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Toho Co  (FRA:TOH) 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 Co Cyclically Adjusted PS Ratio Related Terms


Toho Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Toho Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.60 3.12 2.79 4.00 3.64

Toho Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 4.06 4.66 4.20 3.63 2.82

FRA:TOH vs NFLX, DIS, WBD: Cyclically Adjusted PS Ratio Comparison

For the Entertainment subindustry, Toho 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 Co Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toho Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:TOH
95GF Score
Toho Co Ltd FRA:TOH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Toho 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 Co's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, Toho Co's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.575/113.5000*113.5000
=0.575

Current CPI (May. 2026) = 113.5000.

Toho Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 0.542 97.900 0.628
201611 0.603 98.600 0.694
201702 0.504 98.100 0.583
201705 0.649 98.600 0.747
201708 0.592 98.500 0.682
201711 0.428 99.100 0.490
201802 0.433 99.500 0.494
201805 0.563 99.300 0.644
201808 0.576 99.800 0.655
201811 0.476 100.000 0.540
201902 0.511 99.700 0.582
201905 0.605 100.000 0.687
201908 0.705 100.000 0.800
201911 0.532 100.500 0.601
202002 0.568 100.300 0.643
202005 0.314 100.100 0.356
202008 0.375 100.100 0.425
202011 0.580 99.500 0.662
202102 0.481 99.800 0.547
202105 0.498 99.400 0.569
202108 0.522 99.700 0.594
202111 0.440 100.100 0.499
202202 0.522 100.700 0.588
202205 0.521 101.800 0.581
202208 0.477 102.700 0.527
202211 0.472 103.900 0.516
202302 0.521 104.000 0.569
202305 0.581 105.100 0.627
202308 0.482 105.900 0.517
202311 0.457 106.900 0.485
202402 0.578 106.900 0.614
202405 0.605 108.100 0.635
202408 0.547 109.100 0.569
202411 0.514 110.000 0.530
202502 0.581 110.800 0.595
202505 0.618 111.800 0.627
202508 0.741 112.100 0.750
202511 0.601 113.200 0.603
202602 0.516 112.200 0.522
202605 0.575 113.500 0.575

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 Toho Co (FRA:TOH) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Co stock appears to be overvalued. The current stock price of €8.65 is trading 0.9% above its estimated GF Value™ of €8.57.

Key valuation signals for FRA:TOH:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €8.57 vs. price of €8.65 (0.9% above fair value)
  • GF Score™: 95/100

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


Toho Co Business Description

Address 1-2-2 Yurakucho, Chiyoda-ku, Tokyo, JPN, 100-8415
Toho Co Ltd is a diversified media company with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.
95GF Score

Get the complete analysis for FRA:TOH

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

€8.65
Price
€8.57
GF Value