Toho Acetylene Co (TSE:4093) Cyclically Adjusted PS Ratio: 0.39 (As of Sep. 15, 2026) — 44% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:4093 Toho Acetylene Co Ltd TSE:4093
69 GF Score
Price 円421.00
GF Value 円353.48
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Toho Acetylene Co Cyclically Adjusted PS Ratio?

Toho Acetylene Co TSE:4093 69 Cyclically Adjusted PS Ratio is 0.39 as of Sep. 15, 2026, which is 44% above its 10-year median of 0.27. GuruFocus rates TSE:4093 with a GF Score™ of 69/100 and a GF Value™ of 円353.48 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,281 Chemicals companies, Toho Acetylene Co ranks better than 85.25% on this metric.

As of today (2026-09-15), Toho Acetylene Co's current share price is 円421.00. Toho Acetylene Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,086.78. Toho Acetylene Co's Cyclically Adjusted PS Ratio for today is 0.39.

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

TSE:4093' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.27   Max: 0.43
Current: 0.39

During the past years, Toho Acetylene Co's highest Cyclically Adjusted PS Ratio was 0.43. The lowest was 0.20. And the median was 0.27.

TSE:4093's Cyclically Adjusted PS Ratio is ranked better than
85.25% of 1281 companies
in the Chemicals industry
Industry Median: 1.32 vs TSE:4093: 0.39

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.

Toho Acetylene Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円273.797. 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1,086.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toho Acetylene Co  (TSE:4093) 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.


Toho Acetylene Co Cyclically Adjusted PS Ratio Related Terms


Toho Acetylene Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toho Acetylene 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.

Toho Acetylene Co Cyclically Adjusted PS Ratio Chart

Toho Acetylene Co 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 0.23 0.26 0.38 0.33 0.41

Toho Acetylene Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.32 0.33 0.33 0.41 0.39

TSE:4093 vs DOW: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, Toho Acetylene 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.


Toho Acetylene Co Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


TSE:4093
69GF Score
Toho Acetylene Co Ltd TSE:4093
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toho Acetylene 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=421.00/1086.784
=0.39

* 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.

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

For example, Toho Acetylene Co'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)
=273.797/112.7000*112.7000
=273.797

Current CPI (Mar. 2026) = 112.7000.

Toho Acetylene Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 241.366 97.900 277.854
201606 217.469 98.100 249.834
201609 255.784 98.000 294.152
201612 304.759 98.400 349.048
201703 298.742 98.100 343.203
201706 226.698 98.500 259.379
201709 251.017 98.800 286.332
201712 265.520 99.400 301.047
201803 322.801 99.200 366.731
201806 278.135 99.200 315.986
201809 216.551 99.900 244.297
201812 284.425 99.700 321.512
201903 267.673 99.700 302.575
201906 248.072 99.800 280.137
201909 236.265 100.100 266.005
201912 240.804 100.500 270.036
202003 235.659 100.300 264.793
202006 187.550 99.900 211.580
202009 194.844 99.900 219.809
202012 221.272 99.300 251.131
202103 250.579 99.900 282.685
202106 204.836 99.500 232.010
202109 194.349 100.100 218.813
202112 236.697 100.100 266.491
202203 265.947 101.100 296.461
202206 220.969 101.800 244.629
202209 231.125 103.100 252.646
202212 265.114 104.100 287.016
202303 264.521 104.400 285.551
202306 239.144 105.200 256.193
202309 227.154 106.200 241.057
202312 270.691 106.800 285.645
202403 282.329 107.200 296.814
202406 239.243 108.200 249.193
202409 230.003 108.900 238.029
202503 274.549 111.100 278.503
202506 243.368 111.700 245.547
202509 216.055 112.000 217.405
202512 260.646 113.000 259.954
202603 273.797 112.700 273.797

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 0.39 mean?
Toho Acetylene Co (TSE:4093) has a Cyclically Adjusted PS Ratio of 0.39 as of Sep. 15, 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 Toho Acetylene Co and its competitors. This is 44% above median its historical median of 0.27. Over the past decade, Toho Acetylene Co's Cyclically Adjusted PS Ratio has ranged from 0.20 to 0.43. According to the industry distribution chart, Toho Acetylene Co ranks #189 out of 1281 companies in the Chemicals industry, placing it in the top 14.8%.
Is Toho Acetylene Co's Cyclically Adjusted PS Ratio too high?
Toho Acetylene Co's current Cyclically Adjusted PS Ratio of 0.39 is 44% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.43. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.32. Toho Acetylene Co's value of 0.39 is 70.5% below this industry median. Based on the distribution chart, Toho Acetylene Co ranks #189 out of 1281 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Toho Acetylene Co has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Acetylene Co's Cyclically Adjusted PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, Toho Acetylene Co ranks #189 out of 1281 companies for Cyclically Adjusted PS Ratio. This places Toho Acetylene Co in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.32. Toho Acetylene Co's value of 0.39 is 70.5% below this benchmark. Historically, Toho Acetylene Co's own Cyclically Adjusted PS Ratio has ranged from 0.20 to 0.43 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 1.32, Toho Acetylene Co 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.32, based on 1,281 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. Toho Acetylene Co's current Cyclically Adjusted PS Ratio of 0.39 is 70.5% 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 Toho Acetylene Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Acetylene Co's current Cyclically Adjusted PS Ratio is 0.39, which is 44% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Acetylene Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Acetylene Co (TSE:4093) is currently considered Modestly Overvalued. The stock's GF Value™ is 円353.48, compared to a current price of 円421.00 — trading 19.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.39, which is 44% above median its 10-year median of 0.27 and 70.5% below the Chemicals industry median of 1.32. Toho Acetylene Co's overall GF Score™ is 69/100 with 3 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 Toho Acetylene Co (TSE:4093), the current Cyclically Adjusted PS Ratio is 0.39 as of Sep. 15, 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 Toho Acetylene Co (TSE:4093) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Acetylene Co stock appears to be overvalued. The current stock price of 円421.00 is trading 19.1% above its estimated GF Value™ of 円353.48. GuruFocus considers Toho Acetylene Co to be Modestly Overvalued.

Key valuation signals for TSE:4093:

  • Cyclically Adjusted PS Ratio: 0.39 (44% above median its 10-year median of 0.27)
  • GF Value™: 円353.48 vs. price of 円421.00 (19.1% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 70.5% below the Chemicals median (#189 of 1281)

No single metric tells the full story. See the TSE:4093 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toho Acetylene Co Business Description

Address Sakae 2 - chome No. 3 32, Miyagi Prefecture, Tagajo, JPN, 103-0004
Toho Acetylene Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of high-pressure gases. It is organized in three business segments - Gas related business, Equipment related business and Automotive Equipment related business. It offers dissolve acetylene, acid, glutinous, liquefied petroleum gas, solution materials, fusion cutting equipment, containers, and life-related equipment.
69GF Score

Get the complete analysis for TSE:4093

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

円421.00
Price
円353.48
GF Value