Toda (TSE:1860) Cyclically Adjusted PS Ratio: 0.81 (As of Aug. 05, 2026) — 65% Above Median

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TSE:1860 Toda Corp TSE:1860
83 GF Score
Price 円1,492.50
GF Value 円1,208.56
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Toda Cyclically Adjusted PS Ratio?

Toda TSE:1860 +0.74% 83 Cyclically Adjusted PS Ratio is 0.81 as of Aug. 05, 2026, which is 65% above its 10-year median of 0.49. GuruFocus rates TSE:1860 with a GF Score™ of 83/100 and a GF Value™ of 円1,208.56 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,361 Construction companies, Toda ranks worse than 54.45% on this metric.

As of today (2026-08-05), Toda's current share price is 円1492.50. Toda's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,852.64. Toda's Cyclically Adjusted PS Ratio for today is 0.81.

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

TSE:1860' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.49   Max: 0.88
Current: 0.82

During the past years, Toda's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.33. And the median was 0.49.

TSE:1860's Cyclically Adjusted PS Ratio is ranked worse than
54.45% of 1361 companies
in the Construction industry
Industry Median: 0.7 vs TSE:1860: 0.82

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.

Toda's adjusted revenue per share data for the three months ended in Mar. 2026 was 円618.784. 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 円1,852.64 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toda  (TSE:1860) 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.


Toda Cyclically Adjusted PS Ratio Related Terms


Toda Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toda'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.

Toda Cyclically Adjusted PS Ratio Chart

Toda 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 0.47 0.42 0.60 0.49 0.78

Toda 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 0.49 0.51 0.56 0.68 0.78

TSE:1860 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Toda'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.


Toda Cyclically Adjusted PS Ratio vs Construction Industry

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

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


TSE:1860
83GF Score
Toda Corp TSE:1860
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toda 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1492.50/1852.64
=0.81

* 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.

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

For example, Toda'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)
=618.784/112.7000*112.7000
=618.784

Current CPI (Mar. 2026) = 112.7000.

Toda Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 333.341 98.100 382.951
201609 331.523 98.000 381.251
201612 337.241 98.400 386.251
201703 374.437 98.100 430.164
201706 295.525 98.500 338.129
201709 293.390 98.800 334.667
201712 349.498 99.400 396.262
201803 453.603 99.200 515.333
201806 294.329 99.200 334.384
201809 367.960 99.900 415.106
201812 406.987 99.700 460.055
201903 595.636 99.700 673.302
201906 390.942 99.800 441.475
201909 376.245 100.100 423.605
201912 438.300 100.500 491.507
202003 485.143 100.300 545.121
202006 316.817 99.900 357.410
202009 382.768 99.900 431.811
202012 451.959 99.300 512.948
202103 502.325 99.900 566.687
202106 370.435 99.500 419.578
202109 397.787 100.100 447.858
202112 394.244 100.100 443.869
202203 469.985 101.100 523.910
202206 372.949 101.800 412.882
202209 405.084 103.100 442.803
202212 458.317 104.100 496.180
202303 535.883 104.400 578.487
202306 369.091 105.200 395.405
202309 374.048 106.200 396.942
202312 396.533 106.800 418.439
202403 555.449 107.200 583.947
202406 367.811 108.200 383.108
202409 427.822 108.900 442.751
202412 462.324 110.700 470.677
202503 683.397 111.100 693.239
202506 437.669 111.700 441.587
202509 525.025 112.000 528.306
202512 570.778 113.000 569.263
202603 618.784 112.700 618.784

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 0.81 mean?
Toda (TSE:1860) has a Cyclically Adjusted PS Ratio of 0.81 as of Aug. 05, 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 Toda and its competitors. This is 65% above median its historical median of 0.49. Over the past decade, Toda's Cyclically Adjusted PS Ratio has ranged from 0.33 to 0.88. According to the industry distribution chart, Toda ranks #741 out of 1361 companies in the Construction industry, placing it in the top 54.4%.
Is Toda's Cyclically Adjusted PS Ratio too high?
Toda's current Cyclically Adjusted PS Ratio of 0.81 is 65% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.88. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Toda's value of 0.81 is 15.7% above this industry median. Based on the distribution chart, Toda ranks #741 out of 1361 companies in the Construction industry, which is below the industry midpoint. Overall, Toda has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toda's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Toda ranks #741 out of 1361 companies for Cyclically Adjusted PS Ratio. This places Toda in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Toda's value of 0.81 is 15.7% above this benchmark. Historically, Toda's own Cyclically Adjusted PS Ratio has ranged from 0.33 to 0.88 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.70, Toda 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 0.70, based on 1,361 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. Toda's current Cyclically Adjusted PS Ratio of 0.81 is 15.7% 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 Toda and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toda's current Cyclically Adjusted PS Ratio is 0.81, which is 65% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toda stock overvalued right now?
Based on GuruFocus' analysis, Toda (TSE:1860) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,208.56, compared to a current price of 円1,492.50 — trading 23.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.81, which is 65% above median its 10-year median of 0.49 and 15.7% above the Construction industry median of 0.70. Toda's overall GF Score™ is 83/100 with 5 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 Toda (TSE:1860), the current Cyclically Adjusted PS Ratio is 0.81 as of Aug. 05, 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 Toda (TSE:1860) Overvalued in 2026?

Based on GuruFocus' analysis, Toda stock appears to be overvalued. The current stock price of 円1,492.50 is trading 23.5% above its estimated GF Value™ of 円1,208.56. GuruFocus considers Toda to be Modestly Overvalued.

Key valuation signals for TSE:1860:

  • Cyclically Adjusted PS Ratio: 0.81 (65% above median its 10-year median of 0.49)
  • GF Value™: 円1,208.56 vs. price of 円1,492.50 (23.5% above fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 15.7% above the Construction median (#741 of 1361)

No single metric tells the full story. See the TSE:1860 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toda Business Description

Address 8-5 Hatchobori 2-Chome, Chuo-ku, Tokyo, JPN, 104-0032
Toda Corp is a Japan-based company that provides construction and civil engineering services for public and private customers. It designs and manages property developments and reorganizes production systems to increase profitability. The company constructs hospitals, schools, office buildings, and other industrial facilities. It handles various large-scale projects, including tunnel and highway operations, renewable energy activities, and power generation applications, to enhance technological and industrial development. Toda has six operating segments: Domestic building construction, Domestic Civil engineering, Investment Development, Domestic group companies, New business fields, and Overseas business. The majority of revenue comes from the domestic building construction segment.
83GF Score

Get the complete analysis for TSE:1860

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

円1,492.50
Price
円1,208.56
GF Value