TOTO (TOTDF) Cyclically Adjusted PS Ratio: 1.90 (As of Jul. 06, 2026) — 41% Above Median


TOTDF TOTO Ltd TOTDF
68 GF Score
Price $50.41
GF Value $26.73
Valuation Significantly Overvalued
! 8 Warning Signs
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What is TOTO Cyclically Adjusted PS Ratio?

TOTO TOTDF -8.68% 68 Cyclically Adjusted PS Ratio is 1.90 as of Jul. 06, 2026, which is 41% above its 10-year median of 1.35. GuruFocus rates TOTDF with a GF Score™ of 68/100 and a GF Value™ of $26.73 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,354 Construction companies, TOTO ranks worse than 79.54% on this metric.

As of today (2026-07-06), TOTO's current share price is $50.407. TOTO's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $26.53. TOTO's Cyclically Adjusted PS Ratio for today is 1.90.

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

TOTDF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.35   Max: 2.26
Current: 2.07

During the past years, TOTO's highest Cyclically Adjusted PS Ratio was 2.26. The lowest was 0.85. And the median was 1.35.

TOTDF's Cyclically Adjusted PS Ratio is ranked worse than
79.54% of 1354 companies
in the Construction industry
Industry Median: 0.71 vs TOTDF: 2.07

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.

TOTO's adjusted revenue per share data for the three months ended in Mar. 2026 was $7.071. 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 $26.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOTO  (OTCPK:TOTDF) 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.


TOTO Cyclically Adjusted PS Ratio Related Terms


TOTO Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TOTO'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.

TOTO Cyclically Adjusted PS Ratio Chart

TOTO 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 1.43 1.20 1.12 0.96 1.23

TOTO 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 0.96 0.89 0.95 1.04 1.23

TOTDF vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, TOTO'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.


TOTO Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, TOTO's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TOTDF
68GF Score
TOTO Ltd TOTDF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TOTO 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.

TOTO's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=50.407/26.53
=1.90

* 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.

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

For example, TOTO'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)
=7.071/112.7000*112.7000
=7.071

Current CPI (Mar. 2026) = 112.7000.

TOTO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.203 98.100 8.275
201609 8.254 98.000 9.492
201612 7.360 98.400 8.430
201703 7.905 98.100 9.081
201706 7.001 98.500 8.010
201709 7.969 98.800 9.090
201712 8.041 99.400 9.117
201803 8.720 99.200 9.907
201806 7.095 99.200 8.061
201809 7.817 99.900 8.819
201812 7.942 99.700 8.978
201903 8.161 99.700 9.225
201906 7.425 99.800 8.385
201909 8.783 100.100 9.889
201912 8.258 100.500 9.260
202003 8.066 100.300 9.063
202006 6.459 99.900 7.287
202009 7.738 99.900 8.729
202012 9.246 99.300 10.494
202103 8.593 99.900 9.694
202106 7.801 99.500 8.836
202109 8.760 100.100 9.863
202112 8.833 100.100 9.945
202203 8.207 101.100 9.149
202206 6.751 101.800 7.474
202209 7.165 103.100 7.832
202212 8.710 104.100 9.430
202303 7.672 104.400 8.282
202306 6.528 105.200 6.993
202309 7.298 106.200 7.745
202312 7.570 106.800 7.988
202403 6.981 107.200 7.339
202406 6.140 108.200 6.395
202409 7.880 108.900 8.155
202412 7.145 110.700 7.274
202503 7.199 111.100 7.303
202506 6.785 111.700 6.846
202509 7.437 112.000 7.483
202512 7.633 113.000 7.613
202603 7.071 112.700 7.071

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 1.90 mean?
TOTO (TOTDF) has a Cyclically Adjusted PS Ratio of 1.90 as of Jul. 06, 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 TOTO and its competitors. This is 41% above median its historical median of 1.35. Over the past decade, TOTO's Cyclically Adjusted PS Ratio has ranged from 0.85 to 2.26. According to the industry distribution chart, TOTO ranks #1077 out of 1354 companies in the Construction industry, placing it in the top 79.5%.
Is TOTO's Cyclically Adjusted PS Ratio too high?
TOTO's current Cyclically Adjusted PS Ratio of 1.90 is 41% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 2.26. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. TOTO's value of 1.90 is 167.6% above this industry median. Based on the distribution chart, TOTO ranks #1077 out of 1354 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, TOTO has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOTO's Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, TOTO ranks #1077 out of 1354 companies for Cyclically Adjusted PS Ratio. This places TOTO in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. TOTO's value of 1.90 is 167.6% above this benchmark. Historically, TOTO's own Cyclically Adjusted PS Ratio has ranged from 0.85 to 2.26 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 0.71, TOTO 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.71, based on 1,354 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. TOTO's current Cyclically Adjusted PS Ratio of 1.90 is 167.6% 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 TOTO and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOTO's current Cyclically Adjusted PS Ratio is 1.90, which is 41% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOTO stock overvalued right now?
Based on GuruFocus' analysis, TOTO (TOTDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.73, compared to a current price of $50.41 — trading 88.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.90, which is 41% above median its 10-year median of 1.35 and 167.6% above the Construction industry median of 0.71. TOTO's overall GF Score™ is 68/100 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 TOTO (TOTDF), the current Cyclically Adjusted PS Ratio is 1.90 as of Jul. 06, 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 TOTO (TOTDF) Overvalued in 2026?

Based on GuruFocus' analysis, TOTO stock appears to be overvalued. The current stock price of $50.41 is trading 88.6% above its estimated GF Value™ of $26.73. GuruFocus considers TOTO to be Significantly Overvalued.

Key valuation signals for TOTDF:

  • Cyclically Adjusted PS Ratio: 1.90 (41% above median its 10-year median of 1.35)
  • GF Value™: $26.73 vs. price of $50.41 (88.6% above fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 167.6% above the Construction median (#1077 of 1354)

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


TOTO Business Description

Other Exchanges TOTDY:USA5332:Japan
Address 2-1-1 Nakajima, Kokurakita Ward, Fukuoka Prefecture, Kitakyushu, JPN, 802-8601
TOTO Ltd manufactures and sells bathroom materials for maintenance, improvement, construction, and home improvement projects. The company's product portfolio includes toilets, urinals, sinks, plumbing accessories, bathtubs, unit bathrooms, faucets, drain fittings, marble counters, and electric water heaters, and others.. The firm organizes itself based on geography and operates through six business segments, which include the Japan Housing Equipment Business segment, the Mainland China Business segment, the Asia and Oceania Business segment, the Americas Business segment, the Europe Business segment, and the New field business - Ceramic business.. It generates the majority of its revenue from the Japan Housing Equipment Business segment.
68GF Score

Get the complete analysis for TOTDF

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

$50.41
Price
$26.73
GF Value