TOKCF (Tokyo Ohka Kogyo Co) Cyclically Adjusted PS Ratio: 8.73 (As of Jul. 21, 2026) — 207% Above Median

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TOKCF Tokyo Ohka Kogyo Co Ltd TOKCF
79 GF Score
Price $71.73
GF Value $36.51
Valuation Significantly Overvalued
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What is Tokyo Ohka Kogyo Co Cyclically Adjusted PS Ratio?

Tokyo Ohka Kogyo Co TOKCF 79 Cyclically Adjusted PS Ratio is 8.73 as of Jul. 21, 2026, which is 207% above its 10-year median of 2.84. GuruFocus rates TOKCF with a GF Score™ of 79/100 and a GF Value™ of $36.51 (Significantly Overvalued). Among 1,976 Hardware companies, Tokyo Ohka Kogyo Co ranks worse than 88.71% on this metric.

As of today (2026-07-21), Tokyo Ohka Kogyo Co's current share price is $71.73. Tokyo Ohka Kogyo Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was $8.22. Tokyo Ohka Kogyo Co's Cyclically Adjusted PS Ratio for today is 8.73.

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

TOKCF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.84   Max: 8.78
Current: 7.74

During the past years, Tokyo Ohka Kogyo Co's highest Cyclically Adjusted PS Ratio was 8.78. The lowest was 1.38. And the median was 2.84.

TOKCF's Cyclically Adjusted PS Ratio is ranked worse than
88.71% of 1976 companies
in the Hardware industry
Industry Median: 1.365 vs TOKCF: 7.74

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 Ohka Kogyo Co's adjusted revenue per share data for the three months ended in Dec. 2025 was $3.438. 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 $8.22 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyo Ohka Kogyo Co  (OTCPK:TOKCF) 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 Ohka Kogyo Co Cyclically Adjusted PS Ratio Related Terms


Tokyo Ohka Kogyo Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tokyo Ohka Kogyo 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.

Tokyo Ohka Kogyo Co Cyclically Adjusted PS Ratio Chart

Tokyo Ohka Kogyo Co Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 2.22 3.12 3.12 4.55

Tokyo Ohka Kogyo Co 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 2.67 3.51 3.94 4.55 0.00

TOKCF vs APH, GLW: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Tokyo Ohka Kogyo 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.


Tokyo Ohka Kogyo Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Tokyo Ohka Kogyo Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TOKCF
79GF Score
Tokyo Ohka Kogyo Co Ltd TOKCF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Ohka Kogyo 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.

Tokyo Ohka Kogyo Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=71.73/8.22
=8.73

* 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 Ohka Kogyo Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Tokyo Ohka Kogyo Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=3.438/113.0000*113.0000
=3.438

Current CPI (Dec. 2025) = 113.0000.

Tokyo Ohka Kogyo Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 1.521 97.900 1.756
201606 1.445 98.100 1.664
201609 1.735 98.000 2.001
201612 1.479 98.400 1.698
201703 1.579 98.100 1.819
201706 1.665 98.500 1.910
201709 1.706 98.800 1.951
201712 2.938 99.400 3.340
201803 1.859 99.200 2.118
201806 1.882 99.200 2.144
201809 1.920 99.900 2.172
201812 1.960 99.700 2.221
201903 1.704 99.700 1.931
201906 1.858 99.800 2.104
201909 1.906 100.100 2.152
201912 2.073 100.500 2.331
202003 2.071 100.300 2.333
202006 2.195 99.900 2.483
202009 2.192 99.900 2.479
202012 2.432 99.300 2.768
202103 2.282 99.900 2.581
202106 2.460 99.500 2.794
202109 2.605 100.100 2.941
202112 2.865 100.100 3.234
202203 2.767 101.100 3.093
202206 2.787 101.800 3.094
202209 2.640 103.100 2.894
202212 2.755 104.100 2.991
202303 2.377 104.400 2.573
202306 2.291 105.200 2.461
202309 2.287 106.200 2.433
202312 2.502 106.800 2.647
202403 2.479 107.200 2.613
202406 2.597 108.200 2.712
202409 2.989 108.900 3.102
202412 2.918 110.700 2.979
202503 3.040 111.100 3.092
202506 3.315 111.700 3.354
202509 3.452 112.000 3.483
202512 3.438 113.000 3.438

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 8.73 mean?
Tokyo Ohka Kogyo Co (TOKCF) has a Cyclically Adjusted PS Ratio of 8.73 as of Jul. 21, 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 Ohka Kogyo Co and its competitors. This is 207% above median its historical median of 2.84. Over the past decade, Tokyo Ohka Kogyo Co's Cyclically Adjusted PS Ratio has ranged from 1.38 to 8.78. According to the industry distribution chart, Tokyo Ohka Kogyo Co ranks #1753 out of 1976 companies in the Hardware industry, placing it in the top 88.7%.
Is Tokyo Ohka Kogyo Co's Cyclically Adjusted PS Ratio too high?
Tokyo Ohka Kogyo Co's current Cyclically Adjusted PS Ratio of 8.73 is 207% above median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 8.78. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. Tokyo Ohka Kogyo Co's value of 8.73 is 539.6% above this industry median. Based on the distribution chart, Tokyo Ohka Kogyo Co ranks #1753 out of 1976 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Tokyo Ohka Kogyo Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Ohka Kogyo Co's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Tokyo Ohka Kogyo Co ranks #1753 out of 1976 companies for Cyclically Adjusted PS Ratio. This places Tokyo Ohka Kogyo Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.37. Tokyo Ohka Kogyo Co's value of 8.73 is 539.6% above this benchmark. Historically, Tokyo Ohka Kogyo Co's own Cyclically Adjusted PS Ratio has ranged from 1.38 to 8.78 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 1.37, Tokyo Ohka Kogyo Co has consistently been above 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.37, based on 1,976 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 Ohka Kogyo Co's current Cyclically Adjusted PS Ratio of 8.73 is 539.6% above 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 Ohka Kogyo Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Ohka Kogyo Co's current Cyclically Adjusted PS Ratio is 8.73, which is 207% above median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Ohka Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Ohka Kogyo Co (TOKCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $36.51, compared to a current price of $71.73 — trading 96.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.73, which is 207% above median its 10-year median of 2.84 and 539.6% above the Hardware industry median of 1.37. Tokyo Ohka Kogyo Co's overall GF Score™ is 79/100. 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 Ohka Kogyo Co (TOKCF), the current Cyclically Adjusted PS Ratio is 8.73 as of Jul. 21, 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 Ohka Kogyo Co (TOKCF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Ohka Kogyo Co stock appears to be overvalued. The current stock price of $71.73 is trading 96.5% above its estimated GF Value™ of $36.51. GuruFocus considers Tokyo Ohka Kogyo Co to be Significantly Overvalued.

Key valuation signals for TOKCF:

  • Cyclically Adjusted PS Ratio: 8.73 (207% above median its 10-year median of 2.84)
  • GF Value™: $36.51 vs. price of $71.73 (96.5% above fair value)
  • GF Score™: 79/100
  • Industry Position: 539.6% above the Hardware median (#1753 of 1976)

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


Tokyo Ohka Kogyo Co Business Description

Other Exchanges 4186:Japan
Address 150 Nakamaruko, Nakahara-ku, Kawasaki, JPN, 211-0012
Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm is mainly used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals.
79GF Score

Get the complete analysis for TOKCF

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

$71.73
Price
$36.51
GF Value