Toabo (TSE:3204) Cyclically Adjusted PS Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3204 Toabo Corp TSE:3204
61 GF Score
Price 円496.00
GF Value 円402.80
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Toabo Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Toabo  (TSE:3204) 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.


Toabo Cyclically Adjusted PS Ratio Related Terms


Toabo Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toabo'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.

Toabo Cyclically Adjusted PS Ratio Chart

Toabo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.16 0.20 0.00 0.00

Toabo Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.18 0.18 0.00 0.00 0.00

TSE:3204 vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Toabo'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.


Toabo Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


TSE:3204
61GF Score
Toabo Corp TSE:3204
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toabo 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.

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

For example, Toabo'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)
=512.375/113.0000*113.0000
=512.375

Current CPI (Dec. 2025) = 113.0000.

Toabo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 599.170 98.100 690.175
201603 507.904 97.900 586.243
201606 538.738 98.100 620.565
201609 520.574 98.000 600.254
201612 557.462 98.400 640.175
201703 504.429 98.100 581.045
201706 576.858 98.500 661.776
201709 534.028 98.800 610.781
201712 559.704 99.400 636.283
201803 508.186 99.200 578.881
201806 564.749 99.200 643.313
201809 503.532 99.900 569.561
201812 595.807 99.700 675.288
201903 530.949 99.700 601.778
201906 524.498 99.800 593.870
201909 487.050 100.100 549.817
201912 550.734 100.500 619.233
202003 411.303 100.300 463.382
202006 408.005 99.900 461.507
202009 381.433 99.900 431.451
202012 453.302 99.300 515.842
202103 388.876 99.900 439.870
202106 437.493 99.500 496.851
202109 440.520 100.100 497.290
202112 474.658 100.100 535.828
202203 444.719 101.100 497.065
202206 471.743 101.800 523.644
202209 495.178 103.100 542.727
202212 494.562 104.100 536.844
202303 509.868 104.400 551.869
202306 548.441 105.200 589.105
202309 501.346 106.200 533.447
202312 575.577 106.800 608.991
202403 488.717 107.200 515.159
202406 502.218 108.200 524.498
202412 0.000 110.700 0.000
202503 640.364 111.100 651.315
202506 501.650 111.700 507.488
202509 475.233 112.000 479.476
202512 512.375 113.000 512.375

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.

Is Toabo (TSE:3204) Overvalued in 2026?

Based on GuruFocus' analysis, Toabo stock appears to be overvalued. The current stock price of 円496.00 is trading 23.1% above its estimated GF Value™ of 円402.80. GuruFocus considers Toabo to be Modestly Overvalued.

Key valuation signals for TSE:3204:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円402.80 vs. price of 円496.00 (23.1% above fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the TSE:3204 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toabo Business Description

Address 2-27, Shiromi 1-chome, 18th floor, Crystal Tower, Osaka Prefecture, Osaka, JPN, 540-6018
Toabo Corp is engaged in the manufacture and sale of parts for electronic devices, fine chemicals, textile products, sales of healthcare products and cosmetics, and business management of real estate leasing subsidiaries.
61GF Score

Get the complete analysis for TSE:3204

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

円496.00
Price
円402.80
GF Value