Toyota Motor (FRA:TOM) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: 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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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:TOM Toyota Motor Corp FRA:TOM
74 GF Score
Price €16.59
GF Value €18.61
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  (FRA:TOM) 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 1.09 0.80 1.34 0.87 0.90

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 0.77 0.84 0.91 0.89 0.75

FRA:TOM 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.


FRA:TOM
74GF Score
Toyota Motor Corp FRA:TOM
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)
=5.965/113.6000*113.6000
=5.965

Current CPI (Jun. 2026) = 113.6000.

Toyota Motor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.709 98.000 4.299
201612 3.948 98.400 4.558
201703 4.070 98.100 4.713
201706 3.816 98.500 4.401
201709 3.658 98.800 4.206
201712 3.830 99.400 4.377
201803 3.850 99.200 4.409
201806 3.831 99.200 4.387
201809 3.860 99.900 4.389
201812 4.163 99.700 4.743
201903 4.298 99.700 4.897
201906 4.342 99.800 4.942
201909 4.487 100.100 5.092
201912 4.464 100.500 5.046
202003 4.100 100.300 4.644
202006 2.782 99.900 3.164
202009 3.843 99.900 4.370
202012 4.606 99.300 5.269
202103 4.236 99.900 4.817
202106 4.306 99.500 4.916
202109 4.176 100.100 4.739
202112 4.326 100.100 4.909
202203 4.504 101.100 5.061
202206 4.477 101.800 4.996
202209 4.835 103.100 5.327
202212 4.962 104.100 5.415
202303 5.023 104.400 5.466
202306 5.203 105.200 5.618
202309 5.377 106.200 5.752
202312 5.611 106.800 5.968
202403 5.098 107.200 5.402
202406 5.241 108.200 5.503
202409 5.251 108.900 5.478
202412 5.821 110.700 5.973
202503 5.900 111.100 6.033
202506 5.738 111.700 5.836
202509 5.512 112.000 5.591
202512 5.758 113.000 5.789
202603 5.266 112.700 5.308
202606 5.965 113.600 5.965

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 (FRA:TOM) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued. The current stock price of €16.59 is trading 10.8% below its estimated GF Value™ of €18.61. GuruFocus considers Toyota Motor to be Modestly Undervalued.

Key valuation signals for FRA:TOM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €18.61 vs. price of €16.59 (10.8% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the FRA:TOM 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.
74GF Score

Get the complete analysis for FRA:TOM

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

€16.59
Price
€18.61
GF Value