Toagosei Co (TSE:4045) Cyclically Adjusted PS Ratio: 1.33 (As of Jul. 28, 2026) — 23% Above Median

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TSE:4045 Toagosei Co Ltd TSE:4045
83 GF Score
Price 円1,787.50
GF Value 円1,559.14
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Toagosei Co Cyclically Adjusted PS Ratio?

Toagosei Co TSE:4045 -0.78% 83 Cyclically Adjusted PS Ratio is 1.33 as of Jul. 28, 2026, which is 23% above its 10-year median of 1.08. GuruFocus rates TSE:4045 with a GF Score™ of 83/100 and a GF Value™ of 円1,559.14 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,277 Chemicals companies, Toagosei Co ranks worse than 50.82% on this metric.

As of today (2026-07-28), Toagosei Co's current share price is 円1787.50. Toagosei Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was 円1,341.93. Toagosei Co's Cyclically Adjusted PS Ratio for today is 1.33.

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

TSE:4045' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.08   Max: 1.43
Current: 1.32

During the past years, Toagosei Co's highest Cyclically Adjusted PS Ratio was 1.43. The lowest was 0.69. And the median was 1.08.

TSE:4045's Cyclically Adjusted PS Ratio is ranked worse than
50.82% of 1277 companies
in the Chemicals industry
Industry Median: 1.28 vs TSE:4045: 1.32

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.

Toagosei Co's adjusted revenue per share data for the three months ended in Dec. 2025 was 円389.098. 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1,341.93 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toagosei Co  (TSE:4045) 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.


Toagosei Co Cyclically Adjusted PS Ratio Related Terms


Toagosei Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toagosei Co'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.

Toagosei Co Cyclically Adjusted PS Ratio Chart

Toagosei Co 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 1.02 0.94 1.12 1.18 1.22

Toagosei Co 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 1.09 1.07 1.14 1.22 0.00

TSE:4045 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Toagosei Co'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.


Toagosei Co Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Toagosei Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:4045
83GF Score
Toagosei Co Ltd TSE:4045
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toagosei Co 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.

Toagosei Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1787.50/1341.93
=1.33

* 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.

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

For example, Toagosei Co'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)
=389.098/113.0000*113.0000
=389.098

Current CPI (Dec. 2025) = 113.0000.

Toagosei Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 252.670 97.900 291.642
201606 255.273 98.100 294.045
201609 250.784 98.000 289.169
201612 269.629 98.400 309.635
201703 267.377 98.100 307.988
201706 270.011 98.500 309.759
201709 272.229 98.800 311.355
201712 289.647 99.400 329.277
201803 277.656 99.200 316.282
201806 278.034 99.200 316.712
201809 276.447 99.900 312.698
201812 307.896 99.700 348.969
201903 267.783 99.700 303.505
201906 279.384 99.800 316.337
201909 275.508 100.100 311.013
201912 278.575 100.500 313.224
202003 260.219 100.300 293.168
202006 240.337 99.900 271.853
202009 243.671 99.900 275.624
202012 278.951 99.300 317.437
202103 280.657 99.900 317.460
202106 298.086 99.500 338.530
202109 307.651 100.100 347.298
202112 341.660 100.100 385.690
202203 302.409 101.100 338.004
202206 323.912 101.800 359.549
202209 331.643 103.100 363.488
202212 346.705 104.100 376.346
202303 317.739 104.400 343.913
202306 325.324 105.200 349.445
202309 332.508 106.200 353.799
202312 370.156 106.800 391.644
202403 338.934 107.200 357.272
202406 373.996 108.200 390.587
202409 366.564 108.900 380.365
202412 389.402 110.700 397.493
202503 358.598 111.100 364.731
202506 366.954 111.700 371.225
202509 360.427 112.000 363.645
202512 389.098 113.000 389.098

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 1.33 mean?
Toagosei Co (TSE:4045) has a Cyclically Adjusted PS Ratio of 1.33 as of Jul. 28, 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 Toagosei Co and its competitors. This is 23% above median its historical median of 1.08. Over the past decade, Toagosei Co's Cyclically Adjusted PS Ratio has ranged from 0.69 to 1.43. According to the industry distribution chart, Toagosei Co ranks #649 out of 1277 companies in the Chemicals industry, placing it in the top 50.8%.
Is Toagosei Co's Cyclically Adjusted PS Ratio too high?
Toagosei Co's current Cyclically Adjusted PS Ratio of 1.33 is 23% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.43. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.28. Toagosei Co's value of 1.33 is 3.9% above this industry median. Based on the distribution chart, Toagosei Co ranks #649 out of 1277 companies in the Chemicals industry, which is below the industry midpoint. Overall, Toagosei Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toagosei Co's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toagosei Co ranks #649 out of 1277 companies for Cyclically Adjusted PS Ratio. This places Toagosei Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Toagosei Co's value of 1.33 is 3.9% above this benchmark. Historically, Toagosei Co's own Cyclically Adjusted PS Ratio has ranged from 0.69 to 1.43 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.28, Toagosei Co 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.28, based on 1,277 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. Toagosei Co's current Cyclically Adjusted PS Ratio of 1.33 is 3.9% 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 Toagosei Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toagosei Co's current Cyclically Adjusted PS Ratio is 1.33, which is 23% above median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toagosei Co stock overvalued right now?
Based on GuruFocus' analysis, Toagosei Co (TSE:4045) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,559.14, compared to a current price of 円1,787.50 — trading 14.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.33, which is 23% above median its 10-year median of 1.08 and 3.9% above the Chemicals industry median of 1.28. Toagosei Co's overall GF Score™ is 83/100 with 6 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 Toagosei Co (TSE:4045), the current Cyclically Adjusted PS Ratio is 1.33 as of Jul. 28, 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 Toagosei Co (TSE:4045) Overvalued in 2026?

Based on GuruFocus' analysis, Toagosei Co stock appears to be overvalued. The current stock price of 円1,787.50 is trading 14.6% above its estimated GF Value™ of 円1,559.14. GuruFocus considers Toagosei Co to be Modestly Overvalued.

Key valuation signals for TSE:4045:

  • Cyclically Adjusted PS Ratio: 1.33 (23% above median its 10-year median of 1.08)
  • GF Value™: 円1,559.14 vs. price of 円1,787.50 (14.6% above fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 3.9% above the Chemicals median (#649 of 1277)

No single metric tells the full story. See the TSE:4045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toagosei Co Business Description

Other Exchanges TOAGF:USA
Address 1-14-1 Nishi Shinbashi, Minatoku, Tokyo, JPN, 105-8419
Toagosei Co Ltd manufactures and sells a wide range of chemicals and chemical-based products. The company operates through five business segments. The Polymer and Oligomer Business, its key segment, provides acrylate esters, acrylic polymers, and UV-curable resins used in paints, textiles, cosmetics, and electronics. The Core Chemicals Business supplies caustic soda, sulfuric acid, and sodium hypochlorite for paper, fertilizer, and water treatment applications. The Adhesive Materials Business offers adhesives and related products. The High-performance Materials Business provides electronic and construction materials. The Resin Processed Products Business sells piping equipment and nursing care products. Majority revenue is generated in Japan.
83GF Score

Get the complete analysis for TSE:4045

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

円1,787.50
Price
円1,559.14
GF Value