Toho Chemical Industry Co (TSE:4409) Cyclically Adjusted PS Ratio: 0.33 (As of Aug. 26, 2026) — 27% Above Median

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TSE:4409 Toho Chemical Industry Co Ltd TSE:4409
57 GF Score
Price 円791.00
GF Value 円625.81
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Toho Chemical Industry Co Cyclically Adjusted PS Ratio?

Toho Chemical Industry Co TSE:4409 +0.13% 57 Cyclically Adjusted PS Ratio is 0.33 as of Aug. 26, 2026, which is 27% above its 10-year median of 0.26. GuruFocus rates TSE:4409 with a GF Score™ of 57/100 and a GF Value™ of 円625.81 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,274 Chemicals companies, Toho Chemical Industry Co ranks better than 87.52% on this metric.

As of today (2026-08-26), Toho Chemical Industry Co's current share price is 円791.00. Toho Chemical Industry Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,417.75. Toho Chemical Industry Co's Cyclically Adjusted PS Ratio for today is 0.33.

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

TSE:4409' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.26   Max: 0.4
Current: 0.32

During the past years, Toho Chemical Industry Co's highest Cyclically Adjusted PS Ratio was 0.40. The lowest was 0.18. And the median was 0.26.

TSE:4409's Cyclically Adjusted PS Ratio is ranked better than
87.52% of 1274 companies
in the Chemicals industry
Industry Median: 1.33 vs TSE:4409: 0.32

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.

Toho Chemical Industry Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円670.059. 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2,417.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toho Chemical Industry Co  (TSE:4409) 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 Chemical Industry Co Cyclically Adjusted PS Ratio Related Terms


Toho Chemical Industry Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toho Chemical Industry 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 Chemical Industry Co Cyclically Adjusted PS Ratio Chart

Toho Chemical Industry 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 0.26 0.23 0.24 0.00 0.31

Toho Chemical Industry 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 0.31 0.34 0.31 0.31 0.00

TSE:4409 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Toho Chemical Industry 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 Chemical Industry Co Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


TSE:4409
57GF Score
Toho Chemical Industry Co Ltd TSE:4409
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=791.00/2417.75
=0.33

* 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.

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

For example, Toho Chemical Industry 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)
=670.059/112.7000*112.7000
=670.059

Current CPI (Mar. 2026) = 112.7000.

Toho Chemical Industry Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 450.804 97.900 518.954
201606 436.668 98.100 501.656
201609 428.397 98.000 492.657
201612 476.726 98.400 546.006
201703 465.263 98.100 534.507
201706 493.671 98.500 564.840
201709 506.962 98.800 578.286
201712 512.072 99.400 580.589
201803 492.053 99.200 559.016
201806 516.504 99.200 586.794
201809 525.975 99.900 593.367
201812 561.328 99.700 634.520
201903 519.880 99.700 587.668
201906 477.963 99.800 539.744
201909 505.392 100.100 569.008
201912 506.470 100.500 567.952
202003 486.684 100.300 546.852
202006 427.091 99.900 481.813
202009 458.271 99.900 516.988
202012 496.624 99.300 563.641
202103 523.912 99.900 591.040
202106 537.838 99.500 609.189
202109 577.176 100.100 649.828
202112 603.151 100.100 679.072
202203 620.874 101.100 692.112
202206 616.054 101.800 682.017
202209 684.885 103.100 748.657
202212 691.617 104.100 748.753
202303 631.899 104.400 682.136
202306 600.485 105.200 643.295
202309 585.600 106.200 621.442
202312 608.807 106.800 642.440
202403 611.233 107.200 642.593
202406 630.018 108.200 656.220
202409 637.674 108.900 659.925
202503 0.000 111.100 0.000
202506 624.619 111.700 630.211
202509 613.544 112.000 617.379
202512 643.523 113.000 641.815
202603 670.059 112.700 670.059

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 0.33 mean?
Toho Chemical Industry Co (TSE:4409) has a Cyclically Adjusted PS Ratio of 0.33 as of Aug. 26, 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 Chemical Industry Co and its competitors. This is 27% above median its historical median of 0.26. Over the past decade, Toho Chemical Industry Co's Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.40. According to the industry distribution chart, Toho Chemical Industry Co ranks #159 out of 1274 companies in the Chemicals industry, placing it in the top 12.5%.
Is Toho Chemical Industry Co's Cyclically Adjusted PS Ratio too high?
Toho Chemical Industry Co's current Cyclically Adjusted PS Ratio of 0.33 is 27% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.40. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.33. Toho Chemical Industry Co's value of 0.33 is 75.2% below this industry median. Based on the distribution chart, Toho Chemical Industry Co ranks #159 out of 1274 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Toho Chemical Industry Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Chemical Industry Co's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toho Chemical Industry Co ranks #159 out of 1274 companies for Cyclically Adjusted PS Ratio. This places Toho Chemical Industry Co in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.33. Toho Chemical Industry Co's value of 0.33 is 75.2% below this benchmark. Historically, Toho Chemical Industry Co's own Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.40 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 1.33, Toho Chemical Industry 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 1.33, based on 1,274 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 Chemical Industry Co's current Cyclically Adjusted PS Ratio of 0.33 is 75.2% 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 Chemical Industry Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Chemical Industry Co's current Cyclically Adjusted PS Ratio is 0.33, which is 27% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Chemical Industry Co (TSE:4409) is currently considered Modestly Overvalued. The stock's GF Value™ is 円625.81, compared to a current price of 円791.00 — trading 26.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.33, which is 27% above median its 10-year median of 0.26 and 75.2% below the Chemicals industry median of 1.33. Toho Chemical Industry Co's overall GF Score™ is 57/100 with 4 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 Chemical Industry Co (TSE:4409), the current Cyclically Adjusted PS Ratio is 0.33 as of Aug. 26, 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 Chemical Industry Co (TSE:4409) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Chemical Industry Co stock appears to be overvalued. The current stock price of 円791.00 is trading 26.4% above its estimated GF Value™ of 円625.81. GuruFocus considers Toho Chemical Industry Co to be Modestly Overvalued.

Key valuation signals for TSE:4409:

  • Cyclically Adjusted PS Ratio: 0.33 (27% above median its 10-year median of 0.26)
  • GF Value™: 円625.81 vs. price of 円791.00 (26.4% above fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 75.2% below the Chemicals median (#159 of 1274)

No single metric tells the full story. See the TSE:4409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toho Chemical Industry Co Business Description

Address 6-4 Akashi-cho, Chuo-Ku, Nichirei Akashi-cho Building, Tokyo, JPN, 104-0044
Toho Chemical Industry Co Ltd is engaged in the chemical business. Its product lines are surfactants, specialty chemicals, resins, and industrial chemicals. Some of its products are chemicals for textiles, detergents, pharmaceutical formulations, and others. The company serves a range of industries from daily consumables to high-tech products industries.
57GF Score

Get the complete analysis for TSE:4409

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

円791.00
Price
円625.81
GF Value