Toyota Motor (TSE:7203) Cyclically Adjusted PS Ratio: (As of Aug. 04, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:7203 Toyota Motor Corp TSE:7203
84 GF Score
Price 円2,918.50
GF Value 円3,403.37
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Toyota Motor Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyota Motor  (TSE:7203) 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.


Toyota Motor Cyclically Adjusted PS Ratio Related Terms


Toyota Motor Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Toyota Motor'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.

Toyota Motor Cyclically Adjusted PS Ratio Chart

Toyota Motor 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 1.16 0.90 1.65 1.02 1.14

Toyota Motor Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 0.95 1.07 1.23 1.14 0.00

TSE:7203 vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Toyota Motor'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.


Toyota Motor Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:7203
84GF Score
Toyota Motor Corp TSE:7203
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Toyota Motor 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.

Toyota Motor's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Toyota Motor's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1105.129/113.6000*113.6000
=1,105.129

Current CPI (Jun. 2026) = 113.6000.

Toyota Motor Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 423.218 98.000 490.587
201612 464.604 98.400 536.372
201703 491.804 98.100 569.510
201706 466.376 98.500 537.871
201709 476.582 98.800 547.973
201712 508.729 99.400 581.405
201803 510.774 99.200 584.919
201806 498.084 99.200 570.387
201809 500.360 99.900 568.978
201812 533.428 99.700 607.798
201903 505.808 99.700 576.327
201906 536.368 99.800 610.535
201909 535.491 100.100 607.710
201912 537.250 100.500 607.280
202003 489.126 100.300 553.985
202006 329.420 99.900 374.596
202009 476.562 99.900 541.916
202012 573.735 99.300 656.357
202103 541.418 99.900 615.667
202106 567.624 99.500 648.061
202109 542.016 100.100 615.115
202112 562.329 100.100 638.168
202203 587.694 101.100 660.356
202206 618.320 101.800 689.992
202209 673.476 103.100 742.065
202212 715.579 104.100 780.882
202303 713.444 104.400 776.315
202306 778.040 105.200 840.165
202309 845.606 106.200 904.528
202312 892.299 106.800 949.112
202403 821.442 107.200 870.483
202406 878.888 108.200 922.751
202409 856.439 108.900 893.402
202412 1,010.068 110.700 1,036.529
202503 888.789 111.100 908.789
202506 940.182 111.700 956.174
202509 949.671 112.000 963.238
202512 969.625 113.000 974.773
202603 1,033.555 112.700 1,041.809
202606 1,105.129 113.600 1,105.129

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 Toyota Motor (TSE:7203) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued. The current stock price of 円2,918.50 is trading 14.2% below its estimated GF Value™ of 円3,403.37. GuruFocus considers Toyota Motor to be Modestly Undervalued.

Key valuation signals for TSE:7203:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円3,403.37 vs. price of 円2,918.50 (14.2% below fair value)
  • GF Score™: 84/100 with 3 warning signs

No single metric tells the full story. See the TSE:7203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyota Motor Business Description

Address 1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
84GF Score

Get the complete analysis for TSE:7203

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

円2,918.50
Price
円3,403.37
GF Value