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Topcon (TSE:7732) Cyclically Adjusted PS Ratio : 1.93 (As of May. 25, 2025)


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What is Topcon Cyclically Adjusted PS Ratio?

As of today (2025-05-25), Topcon's current share price is 円3243.00. Topcon's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was 円1,680.90. Topcon's Cyclically Adjusted PS Ratio for today is 1.93.

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

TSE:7732' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.2   Max: 2.43
Current: 1.93

During the past years, Topcon's highest Cyclically Adjusted PS Ratio was 2.43. The lowest was 0.56. And the median was 1.20.

TSE:7732's Cyclically Adjusted PS Ratio is ranked worse than
65.09% of 1842 companies
in the Hardware industry
Industry Median: 1.105 vs TSE:7732: 1.93

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.

Topcon's adjusted revenue per share data for the three months ended in Dec. 2024 was 円455.985. 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1,680.90 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Topcon Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Topcon'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.

* Premium members only.

Topcon Cyclically Adjusted PS Ratio Chart

Topcon Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.19 1.23 1.13 -

Topcon Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.13 1.12 0.94 1.69 -

Competitive Comparison of Topcon's Cyclically Adjusted PS Ratio

For the Scientific & Technical Instruments subindustry, Topcon'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.


Topcon's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Topcon's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Topcon 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.

Topcon's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3243.00/1680.90
=1.93

* 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.

Topcon's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Topcon's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=455.985/110.7000*110.7000
=455.985

Current CPI (Dec. 2024) = 110.7000.

Topcon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 369.600 97.900 417.924
201506 255.460 98.400 287.393
201509 327.180 98.500 367.704
201512 264.864 98.100 298.883
201603 367.038 97.900 415.027
201606 247.404 98.100 279.181
201609 299.124 98.000 337.888
201612 278.107 98.400 312.870
201703 386.415 98.100 436.046
201706 297.872 98.500 334.766
201709 343.996 98.800 385.429
201712 317.077 99.400 353.123
201803 414.011 99.200 462.006
201806 315.115 99.200 351.645
201809 347.708 99.900 385.298
201812 309.677 99.700 343.844
201903 429.626 99.700 477.027
201906 308.844 99.800 342.575
201909 348.513 100.100 385.418
201912 296.482 100.500 326.573
202003 363.059 100.300 400.704
202006 232.907 99.900 258.086
202009 322.965 99.900 357.880
202012 328.231 99.300 365.913
202103 420.732 99.900 466.217
202106 369.799 99.500 411.425
202109 402.591 100.100 445.223
202112 414.252 100.100 458.119
202203 490.133 101.100 536.674
202206 446.757 101.800 485.815
202209 529.067 103.100 568.067
202212 513.577 104.100 546.138
202303 558.716 104.400 592.432
202306 471.955 105.200 496.629
202309 520.175 106.200 542.216
202312 497.043 106.800 515.193
202403 566.192 107.200 584.678
202406 488.075 108.200 499.352
202409 513.148 108.900 521.630
202412 455.985 110.700 455.985

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.


Topcon  (TSE:7732) 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.


Topcon Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Topcon's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Topcon Business Description

Industry
Traded in Other Exchanges
Address
75-1 Hasunuma-cho, Itabashi-ku, Tokyo, JPN, 1748580
Topcon Corp sells ophthalmic instruments, medical equipment, and machine control and GPS-related systems. The firm operates in three segments: Eye Care, Smart Infrastructure, and Positioning. The Eye Care business sells ophthalmic instruments and systems for eye examination, measurement, treatment, and eyeglass lens processing. The Smart Infrastructure business sells positioning products that use GPS, laser, and image analysis technologies based on the firm's optical technology. The Positioning business sells products related to Global Navigation Satellite Systems, or GNSS, to the construction and agriculture industries, including GNSS surveying, machine control, and precision agriculture solutions. North America, Europe, and Japan contribute the largest proportion of it's revenue.

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