Toyota Motor (FRA:TOM) 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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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
83 GF Score
Price €16.30
GF Value €18.53
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 1.16 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

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
83GF 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)
=5.967/113.6000*113.6000
=5.967

Current CPI (Jun. 2026) = 113.6000.

Toyota Motor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.705 98.000 4.295
201612 3.797 98.400 4.384
201703 4.072 98.100 4.715
201706 3.742 98.500 4.316
201709 3.610 98.800 4.151
201712 3.806 99.400 4.350
201803 3.906 99.200 4.473
201806 3.874 99.200 4.436
201809 3.825 99.900 4.350
201812 4.179 99.700 4.762
201903 4.028 99.700 4.590
201906 4.392 99.800 4.999
201909 4.521 100.100 5.131
201912 4.432 100.500 5.010
202003 4.111 100.300 4.656
202006 2.719 99.900 3.092
202009 3.832 99.900 4.358
202012 4.544 99.300 5.198
202103 4.184 99.900 4.758
202106 4.279 99.500 4.885
202109 4.182 100.100 4.746
202112 4.372 100.100 4.962
202203 4.500 101.100 5.056
202206 4.366 101.800 4.872
202209 4.747 103.100 5.230
202212 5.007 104.100 5.464
202303 4.985 104.400 5.424
202306 5.080 105.200 5.486
202309 5.359 106.200 5.732
202312 5.683 106.800 6.045
202403 5.044 107.200 5.345
202406 5.172 108.200 5.430
202409 5.398 108.900 5.631
202412 6.271 110.700 6.435
202503 5.516 111.100 5.640
202506 5.642 111.700 5.738
202509 5.472 112.000 5.550
202512 5.311 113.000 5.339
202603 5.634 112.700 5.679
202606 5.967 113.600 5.967

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 €16.30 is trading 12% below its estimated GF Value™ of €18.53. GuruFocus considers Toyota Motor to be Modestly Undervalued.

Key valuation signals for FRA:TOM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €18.53 vs. price of €16.30 (12% below fair value)
  • GF Score™: 83/100 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.
83GF 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.

€16.30
Price
€18.53
GF Value