Topy Industries (NGO:7231) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.

NGO:7231 Topy Industries Ltd NGO:7231
73 GF Score
Price 円2,850.00
GF Value 円2,296.02
! 4 Warning Signs
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What is Topy Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Topy Industries  (NGO:7231) 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.


Topy Industries Cyclically Adjusted PS Ratio Related Terms


Topy Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Topy Industries'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.

Topy Industries Cyclically Adjusted PS Ratio Chart

Topy Industries 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 0.25 0.23 0.23 0.22 0.22

Topy Industries 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 0.21 0.22 0.22 0.22 0.22

NGO:7231 vs ORLY, AZO, GPC: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Topy Industries'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.


Topy Industries Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Topy Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NGO:7231
73GF Score
Topy Industries Ltd NGO:7231
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Topy Industries 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.

Topy Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Topy Industries'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)
=3572.618/113.6000*113.6000
=3,572.618

Current CPI (Jun. 2026) = 113.6000.

Topy Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2,028.344 98.000 2,351.223
201612 2,234.321 98.400 2,579.460
201703 2,460.250 98.100 2,848.975
201706 2,235.287 98.500 2,577.955
201709 2,331.225 98.800 2,680.437
201712 2,637.477 99.400 3,014.259
201803 2,610.113 99.200 2,989.000
201806 2,752.662 99.200 3,152.242
201809 3,001.968 99.900 3,413.649
201812 3,292.405 99.700 3,751.426
201903 3,136.599 99.700 3,573.898
201906 2,963.652 99.800 3,373.456
201909 2,875.739 100.100 3,263.576
201912 2,784.953 100.500 3,147.967
202003 2,582.603 100.300 2,925.062
202006 1,956.840 99.900 2,225.195
202009 2,189.351 99.900 2,489.592
202012 2,712.958 99.300 3,103.646
202103 2,751.099 99.900 3,128.377
202106 2,392.659 99.500 2,731.719
202109 2,974.995 100.100 3,376.218
202112 3,086.336 100.100 3,502.575
202203 3,196.784 101.100 3,592.034
202206 3,269.398 101.800 3,648.366
202209 3,553.349 103.100 3,915.232
202212 4,060.861 104.100 4,431.449
202303 3,754.352 104.400 4,085.195
202306 3,571.610 105.200 3,856.796
202309 3,698.133 106.200 3,955.818
202312 3,958.022 106.800 4,210.031
202403 3,404.244 107.200 3,607.482
202406 3,226.000 108.200 3,387.002
202409 3,277.423 108.900 3,418.873
202412 3,259.946 110.700 3,345.347
202503 3,439.906 111.100 3,517.312
202506 3,229.010 111.700 3,283.935
202509 3,277.165 112.000 3,323.982
202512 3,553.700 113.000 3,572.569
202603 3,605.652 112.700 3,634.446
202606 3,572.618 113.600 3,572.618

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 Topy Industries (NGO:7231) Overvalued in 2026?

Based on GuruFocus' analysis, Topy Industries stock appears to be overvalued. The current stock price of 円2,850.00 is trading 24.1% above its estimated GF Value™ of 円2,296.02.

Key valuation signals for NGO:7231:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円2,296.02 vs. price of 円2,850.00 (24.1% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the NGO:7231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Topy Industries Business Description

Other Exchanges 7231:Japan
Address Art Village Osaki Central Tower, 1-2-2 Osaki, Shinagawa-ku, Tokyo, JPN, 141-8634
Topy Industries Ltd is a Japanese producer of steel and automotive and industrial machinery components. Topy's largest segment by revenue, automotive and industrial machinery components, produces steel and aluminum wheels for passenger cars, commercial trucks, and buses; ultra-large-diameter wheels for mining dump trucks; industrial spring steel fasteners; and undercarriage components such as track shoes, cutting edges, links, and rollers. In its second- largest segment, the company produces general steel sections, deformed and flat bars, mast rail sections for forklifts, and universal mill plates.
73GF Score

Get the complete analysis for NGO:7231

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

円2,850.00
Price
円2,296.02
GF Value