TCNRF (Tokyo Century) Cyclically Adjusted PS Ratio: 0.70 (As of Jul. 22, 2026) — 15% Above Median

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TCNRF Tokyo Century Corp TCNRF
78 GF Score
Price $10.32
GF Value $6.74
! 8 Warning Signs
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What is Tokyo Century Cyclically Adjusted PS Ratio?

Tokyo Century TCNRF -6.27% 78 Cyclically Adjusted PS Ratio is 0.70 as of Jul. 22, 2026, which is 15% above its 10-year median of 0.61. GuruFocus rates TCNRF with a GF Score™ of 78/100 and a GF Value™ of $6.74. The stock has 8 warning signs investors should review. Among 716 Business Services companies, Tokyo Century ranks worse than 50.28% on this metric.

As of today (2026-07-22), Tokyo Century's current share price is $10.32. Tokyo Century's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $14.67. Tokyo Century's Cyclically Adjusted PS Ratio for today is 0.70.

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

TCNRF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.61   Max: 1.03
Current: 0.91

During the past years, Tokyo Century's highest Cyclically Adjusted PS Ratio was 1.03. The lowest was 0.36. And the median was 0.61.

TCNRF's Cyclically Adjusted PS Ratio is ranked worse than
50.28% of 716 companies
in the Business Services industry
Industry Median: 0.895 vs TCNRF: 0.91

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.

Tokyo Century's adjusted revenue per share data for the three months ended in Mar. 2026 was $5.368. 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 $14.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyo Century  (OTCPK:TCNRF) 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.


Tokyo Century Cyclically Adjusted PS Ratio Related Terms


Tokyo Century Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tokyo Century'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.

Tokyo Century Cyclically Adjusted PS Ratio Chart

Tokyo Century 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 0.48 0.44 0.60 0.53 0.70

Tokyo Century Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.53 0.58 0.67 0.71 0.70

TCNRF vs URI, SUNB, AER: Cyclically Adjusted PS Ratio Comparison

For the Rental & Leasing Services subindustry, Tokyo Century'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.


Tokyo Century Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Tokyo Century's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TCNRF
78GF Score
Tokyo Century Corp TCNRF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Century 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.

Tokyo Century's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.32/14.67
=0.70

* 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.

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

For example, Tokyo Century'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)
=5.368/112.7000*112.7000
=5.368

Current CPI (Mar. 2026) = 112.7000.

Tokyo Century Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.975 98.100 5.715
201609 5.459 98.000 6.278
201612 4.924 98.400 5.640
201703 5.795 98.100 6.657
201706 5.084 98.500 5.817
201709 5.227 98.800 5.962
201712 5.479 99.400 6.212
201803 5.915 99.200 6.720
201806 5.561 99.200 6.318
201809 5.349 99.900 6.034
201812 5.757 99.700 6.508
201903 5.937 99.700 6.711
201906 5.832 99.800 6.586
201909 6.189 100.100 6.968
201912 6.197 100.500 6.949
202003 6.795 100.300 7.635
202006 5.820 99.900 6.566
202009 5.506 99.900 6.211
202012 5.914 99.300 6.712
202103 5.749 99.900 6.486
202106 5.665 99.500 6.417
202109 5.782 100.100 6.510
202112 5.691 100.100 6.407
202203 5.858 101.100 6.530
202206 4.811 101.800 5.326
202209 4.438 103.100 4.851
202212 5.026 104.100 5.441
202303 5.600 104.400 6.045
202306 4.736 105.200 5.074
202309 4.905 106.200 5.205
202312 4.490 106.800 4.738
202403 4.654 107.200 4.893
202406 4.307 108.200 4.486
202409 4.721 108.900 4.886
202412 4.581 110.700 4.664
202503 4.878 111.100 4.948
202506 4.909 111.700 4.953
202509 4.770 112.000 4.800
202512 4.551 113.000 4.539
202603 5.368 112.700 5.368

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 0.70 mean?
Tokyo Century (TCNRF) has a Cyclically Adjusted PS Ratio of 0.70 as of Jul. 22, 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 Tokyo Century and its competitors. This is 15% above median its historical median of 0.61. Over the past decade, Tokyo Century's Cyclically Adjusted PS Ratio has ranged from 0.36 to 1.03. According to the industry distribution chart, Tokyo Century ranks #360 out of 716 companies in the Business Services industry, placing it in the top 50.3%.
Is Tokyo Century's Cyclically Adjusted PS Ratio too high?
Tokyo Century's current Cyclically Adjusted PS Ratio of 0.70 is 15% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.03. The Business Services industry median Cyclically Adjusted PS Ratio is 0.90. Tokyo Century's value of 0.70 is 21.8% below this industry median. Based on the distribution chart, Tokyo Century ranks #360 out of 716 companies in the Business Services industry, which is below the industry midpoint. Overall, Tokyo Century has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Tokyo Century's Cyclically Adjusted PS Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Tokyo Century ranks #360 out of 716 companies for Cyclically Adjusted PS Ratio. This places Tokyo Century in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Tokyo Century's value of 0.70 is 21.8% below this benchmark. Historically, Tokyo Century's own Cyclically Adjusted PS Ratio has ranged from 0.36 to 1.03 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.90, Tokyo Century 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 a Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.90, based on 716 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. Tokyo Century's current Cyclically Adjusted PS Ratio of 0.70 is 21.8% 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 Tokyo Century and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Century's current Cyclically Adjusted PS Ratio is 0.70, which is 15% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Century stock overvalued right now?
Tokyo Century (TCNRF) has a current Cyclically Adjusted PS Ratio of 0.70. The stock's GF Value™ is $6.74, compared to a current price of $10.32 — trading 53.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.70, which is 15% above median its 10-year median of 0.61 and 21.8% below the Business Services industry median of 0.90. Tokyo Century's overall GF Score™ is 78/100 with 8 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 Tokyo Century (TCNRF), the current Cyclically Adjusted PS Ratio is 0.70 as of Jul. 22, 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 Tokyo Century (TCNRF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Century stock appears to be overvalued. The current stock price of $10.32 is trading 53.1% above its estimated GF Value™ of $6.74.

Key valuation signals for TCNRF:

  • Cyclically Adjusted PS Ratio: 0.70 (15% above median its 10-year median of 0.61)
  • GF Value™: $6.74 vs. price of $10.32 (53.1% above fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 21.8% below the Business Services median (#360 of 716)

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


Tokyo Century Business Description

Other Exchanges 8439:Japan
Address 3 Kanda Neribeicho, Fuji Soft Building, Chiyoda-ku, Tokyo, JPN, 101-0022
Tokyo Century Corp is engaged in leasing and financing businesses. The company operates through five reportable segments: Domestic Leasing Business, Automobility Business, Specialty Business, International Business, and Environmental Infrastructure Business. Its activities include leasing and financing for equipment and facilities, auto leasing and car sharing, loans and investments for ships, aircraft, and real estate, as well as renewable energy and related services. It generates the majority of its revenue from the Domestic leasing segment, which includes information and communication equipment, office equipment, industrial machine tools, transportation equipment, and commercial and service industries.
78GF Score

Get the complete analysis for TCNRF

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

$10.32
Price
$6.74
GF Value