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Toda (TSE:1860) Cyclically Adjusted PS Ratio : 0.58 (As of Sep. 21, 2024)


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What is Toda Cyclically Adjusted PS Ratio?

As of today (2024-09-21), Toda's current share price is 円979.10. Toda's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,691.11. Toda's Cyclically Adjusted PS Ratio for today is 0.58.

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: 0.47   Max: 0.65
Current: 0.59

During the past years, Toda's highest Cyclically Adjusted PS Ratio was 0.65. The lowest was 0.33. And the median was 0.47.

TSE:1860's Cyclically Adjusted PS Ratio is ranked better than
54.76% of 1240 companies
in the Construction industry
Industry Median: 0.665 vs TSE:1860: 0.59

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. 2024 was 円555.449. 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1,691.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toda Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Toda Cyclically Adjusted PS Ratio Chart

Toda Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.52 0.47 0.42 0.60

Toda Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.49 0.56 0.60 -

Competitive Comparison of Toda's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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
=979.10/1691.11
=0.58

* 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. 2024 is calculated as:

For example, Toda's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=555.449/107.2000*107.2000
=555.449

Current CPI (Mar. 2024) = 107.2000.

Toda Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 284.391 98.000 311.089
201409 319.341 98.500 347.547
201412 308.669 97.900 337.991
201503 444.129 97.900 486.319
201506 334.419 98.400 364.326
201509 376.967 98.500 410.263
201512 358.219 98.100 391.448
201603 534.383 97.900 585.147
201606 333.341 98.100 364.263
201609 331.523 98.000 362.646
201612 337.241 98.400 367.401
201703 374.437 98.100 409.171
201706 295.525 98.500 321.627
201709 293.390 98.800 318.334
201712 349.498 99.400 376.923
201803 453.603 99.200 490.184
201806 294.329 99.200 318.065
201809 367.960 99.900 394.848
201812 406.987 99.700 437.603
201903 595.636 99.700 640.443
201906 390.942 99.800 419.930
201909 376.245 100.100 402.932
201912 438.300 100.500 467.520
202003 485.143 100.300 518.518
202006 316.817 99.900 339.968
202009 382.768 99.900 410.738
202012 451.959 99.300 487.915
202103 502.325 99.900 539.031
202106 370.435 99.500 399.102
202109 397.787 100.100 426.002
202112 394.244 100.100 422.207
202203 469.985 101.100 498.342
202206 372.949 101.800 392.732
202209 405.084 103.100 421.193
202212 458.317 104.100 471.965
202303 535.883 104.400 550.255
202306 369.091 105.200 376.108
202309 374.048 106.200 377.570
202312 396.533 106.800 398.018
202403 555.449 107.200 555.449

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.


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

Thank you for viewing the detailed overview of Toda's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Toda Business Description

Industry
Traded in Other Exchanges
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.

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