Toa (Construction) (TSE:1885) Cyclically Adjusted PS Ratio: 0.69 (As of Aug. 01, 2026) — 146% Above Median

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TSE:1885 Toa Corporation (Construction) TSE:1885
82 GF Score
Price 円2,036.00
GF Value 円1,562.09
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Toa (Construction) Cyclically Adjusted PS Ratio?

Toa (Construction) TSE:1885 +0.54% 82 Cyclically Adjusted PS Ratio is 0.69 as of Aug. 01, 2026, which is 146% above its 10-year median of 0.28. GuruFocus rates TSE:1885 with a GF Score™ of 82/100 and a GF Value™ of 円1,562.09 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,359 Construction companies, Toa (Construction) ranks better than 50.77% on this metric.

As of today (2026-08-01), Toa (Construction)'s current share price is 円2036.00. Toa (Construction)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,955.35. Toa (Construction)'s Cyclically Adjusted PS Ratio for today is 0.69.

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

TSE:1885' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.28   Max: 1.46
Current: 0.69

During the past years, Toa (Construction)'s highest Cyclically Adjusted PS Ratio was 1.46. The lowest was 0.14. And the median was 0.28.

TSE:1885's Cyclically Adjusted PS Ratio is ranked better than
50.77% of 1359 companies
in the Construction industry
Industry Median: 0.7 vs TSE:1885: 0.69

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.

Toa (Construction)'s adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,308.337. 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2,955.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toa (Construction)  (TSE:1885) 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.


Toa (Construction) Cyclically Adjusted PS Ratio Related Terms


Toa (Construction) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toa (Construction)'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.

Toa (Construction) Cyclically Adjusted PS Ratio Chart

Toa (Construction) 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 0.28 0.28 0.49 0.47 1.03

Toa (Construction) 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 0.47 0.54 0.74 0.98 1.03

TSE:1885 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Toa (Construction)'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.


Toa (Construction) Cyclically Adjusted PS Ratio vs Construction Industry

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

* The bar in red indicates where Toa (Construction)'s Cyclically Adjusted PS Ratio falls into.


TSE:1885
82GF Score
Toa Corporation (Construction) TSE:1885
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toa (Construction) 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.

Toa (Construction)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2036.00/2955.35
=0.69

* 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.

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

For example, Toa (Construction)'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)
=1308.337/112.7000*112.7000
=1,308.337

Current CPI (Mar. 2026) = 112.7000.

Toa (Construction) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 482.071 98.100 553.817
201609 450.203 98.000 517.733
201612 483.656 98.400 553.943
201703 583.875 98.100 670.772
201706 427.835 98.500 489.513
201709 460.763 98.800 525.587
201712 463.071 99.400 525.031
201803 574.609 99.200 652.807
201806 417.380 99.200 474.181
201809 434.315 99.900 489.963
201812 560.004 99.700 633.024
201903 665.897 99.700 752.724
201906 462.032 99.800 521.754
201909 541.272 100.100 609.404
201912 608.712 100.500 682.605
202003 606.510 100.300 681.492
202006 399.711 99.900 450.925
202009 485.297 99.900 547.477
202012 538.067 99.300 610.676
202103 612.881 99.900 691.408
202106 559.937 99.500 634.220
202109 606.740 100.100 683.113
202112 599.615 100.100 675.091
202203 663.806 101.100 739.970
202206 537.366 101.800 594.903
202209 537.573 103.100 587.628
202212 618.702 104.100 669.815
202303 748.409 104.400 807.909
202306 728.846 105.200 780.807
202309 811.685 106.200 861.364
202312 943.828 106.800 995.968
202403 974.853 107.200 1,024.869
202406 863.463 108.200 899.374
202409 1,026.175 108.900 1,061.983
202412 1,136.309 110.700 1,156.839
202503 1,141.083 111.100 1,157.516
202506 1,054.816 111.700 1,064.259
202509 1,035.609 112.000 1,042.082
202512 1,175.783 113.000 1,172.661
202603 1,308.337 112.700 1,308.337

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 0.69 mean?
Toa (Construction) (TSE:1885) has a Cyclically Adjusted PS Ratio of 0.69 as of Aug. 01, 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 Toa (Construction) and its competitors. This is 146% above median its historical median of 0.28. Over the past decade, Toa (Construction)'s Cyclically Adjusted PS Ratio has ranged from 0.14 to 1.46. According to the industry distribution chart, Toa (Construction) ranks #669 out of 1359 companies in the Construction industry, placing it in the top 49.2%.
Is Toa (Construction)'s Cyclically Adjusted PS Ratio too high?
Toa (Construction)'s current Cyclically Adjusted PS Ratio of 0.69 is 146% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 1.46. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Toa (Construction)'s value of 0.69 is 1.4% below this industry median. Based on the distribution chart, Toa (Construction) ranks #669 out of 1359 companies in the Construction industry, which is above the industry midpoint. Overall, Toa (Construction) has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toa (Construction)'s Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Toa (Construction) ranks #669 out of 1359 companies for Cyclically Adjusted PS Ratio. This puts Toa (Construction) in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Toa (Construction)'s value of 0.69 is 1.4% below this benchmark. Historically, Toa (Construction)'s own Cyclically Adjusted PS Ratio has ranged from 0.14 to 1.46 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.70, Toa (Construction) 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,359 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. Toa (Construction)'s current Cyclically Adjusted PS Ratio of 0.69 is 1.4% 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 Toa (Construction) 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. Toa (Construction)'s current Cyclically Adjusted PS Ratio is 0.69, which is 146% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toa (Construction) stock overvalued right now?
Based on GuruFocus' analysis, Toa (Construction) (TSE:1885) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,562.09, compared to a current price of 円2,036.00 — trading 30.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.69, which is 146% above median its 10-year median of 0.28 and 1.4% below the Construction industry median of 0.70. Toa (Construction)'s overall GF Score™ is 82/100 with 1 warning sign 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 Toa (Construction) (TSE:1885), the current Cyclically Adjusted PS Ratio is 0.69 as of Aug. 01, 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 Toa (Construction) (TSE:1885) Overvalued in 2026?

Based on GuruFocus' analysis, Toa (Construction) stock appears to be overvalued. The current stock price of 円2,036.00 is trading 30.3% above its estimated GF Value™ of 円1,562.09. GuruFocus considers Toa (Construction) to be Modestly Overvalued.

Key valuation signals for TSE:1885:

  • Cyclically Adjusted PS Ratio: 0.69 (146% above median its 10-year median of 0.28)
  • GF Value™: 円1,562.09 vs. price of 円2,036.00 (30.3% above fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 1.4% below the Construction median (#669 of 1359)

No single metric tells the full story. See the TSE:1885 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toa (Construction) Business Description

Address 3-7-1, Nishi-shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1031
Toa Corporation (Construction) is a Japan-based engineering and construction company. The company's business activities encompass Contracting, planning, designing, execution and supervision of civil engineering and architectural works; including consulting services, Dredging, reclamation and land preparation, Planning, designing, supervision and contract works for regional, urban and ocean development.
82GF Score

Get the complete analysis for TSE:1885

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

円2,036.00
Price
円1,562.09
GF Value