TOIN (TSE:7923) Cyclically Adjusted PS Ratio: 0.45 (As of Aug. 01, 2026) — 88% Above Median

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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:7923 TOIN Corp TSE:7923
50 GF Score
Price 円1,178.00
GF Value 円719.30
! 8 Warning Signs
View Full Analysis

What is TOIN Cyclically Adjusted PS Ratio?

TOIN TSE:7923 -0.51% 50 Cyclically Adjusted PS Ratio is 0.45 as of Aug. 01, 2026, which is 88% above its 10-year median of 0.24. GuruFocus rates TSE:7923 with a GF Score™ of 50/100 and a GF Value™ of 円719.30. The stock has 8 warning signs investors should review.

As of today (2026-08-01), TOIN's current share price is 円1178.00. TOIN's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar25 was 円2,600.83. TOIN's Cyclically Adjusted PS Ratio for today is 0.45.

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

TSE:7923' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.24   Max: 0.46
Current: 0.45

During the past 13 years, TOIN's highest Cyclically Adjusted PS Ratio was 0.46. The lowest was 0.17. And the median was 0.24.

TSE:7923's Cyclically Adjusted PS Ratio is not ranked
in the Packaging & Containers industry.
Industry Median: 0.7 vs TSE:7923: 0.45

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.

TOIN's adjusted revenue per share data of for the fiscal year that ended in Mar25 was 円2,897.323. 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2,600.83 for the trailing ten years ended in Mar25.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOIN  (TSE:7923) 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.


TOIN Cyclically Adjusted PS Ratio Related Terms


TOIN Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TOIN'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.

TOIN Cyclically Adjusted PS Ratio Chart

TOIN 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 0.24 0.24 0.22 0.25 0.26

TOIN Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.21 0.25 0.00 0.26 0.00

TSE:7923 vs SW, PKG, IP: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, TOIN'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.


TOIN Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, TOIN's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:7923
50GF Score
TOIN Corp TSE:7923
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOIN 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1178.00/2600.83
=0.45

* 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.

TOIN's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar25 is calculated as:

For example, TOIN's adjusted Revenue per Share data for the fiscal year that ended in Mar25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar25 (Change)*Current CPI (Mar25)
=2897.323/111.1000*111.1000
=2,897.323

Current CPI (Mar25) = 111.1000.

TOIN Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2,070.192 97.900 2,349.319
201703 2,040.921 98.100 2,311.379
201803 2,359.098 99.200 2,642.095
201903 2,459.611 99.700 2,740.850
202003 2,348.399 100.300 2,601.267
202103 2,234.320 99.900 2,484.814
202203 2,288.640 101.100 2,515.014
202303 2,522.896 104.400 2,684.806
202403 2,683.764 107.200 2,781.401
202503 2,897.323 111.100 2,897.323

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 0.45 mean?
TOIN (TSE:7923) has a Cyclically Adjusted PS Ratio of 0.45 as of Aug. 01, 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 TOIN and its competitors. This is 88% above median its historical median of 0.24. Over the past decade, TOIN's Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.46.
Is TOIN's Cyclically Adjusted PS Ratio too high?
TOIN's current Cyclically Adjusted PS Ratio of 0.45 is 88% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.46. The Packaging & Containers industry median Cyclically Adjusted PS Ratio is 0.70. TOIN's value of 0.45 is 35.7% below this industry median. Overall, TOIN has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does TOIN's Cyclically Adjusted PS Ratio compare to SW and PKG?
TOIN's Cyclically Adjusted PS Ratio of 0.45 can be compared against companies in the Packaging & Containers industry. The industry median Cyclically Adjusted PS Ratio is 0.70. TOIN's value of 0.45 is 35.7% below this benchmark. Historically, TOIN's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.46 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.70, TOIN 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 Packaging & Containers company?
The median Cyclically Adjusted PS Ratio among Packaging & Containers companies is 0.70, based on 321 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. TOIN's current Cyclically Adjusted PS Ratio of 0.45 is 35.7% 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 TOIN and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOIN's current Cyclically Adjusted PS Ratio is 0.45, which is 88% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOIN stock overvalued right now?
TOIN (TSE:7923) has a current Cyclically Adjusted PS Ratio of 0.45. The stock's GF Value™ is 円719.30, compared to a current price of 円1,178.00 — trading 63.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.45, which is 88% above median its 10-year median of 0.24 and 35.7% below the Packaging & Containers industry median of 0.70. TOIN's overall GF Score™ is 50/100 with 8 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 TOIN (TSE:7923), the current Cyclically Adjusted PS Ratio is 0.45 as of Aug. 01, 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 TOIN (TSE:7923) Overvalued in 2026?

Based on GuruFocus' analysis, TOIN stock appears to be overvalued. The current stock price of 円1,178.00 is trading 63.8% above its estimated GF Value™ of 円719.30.

Key valuation signals for TSE:7923:

  • Cyclically Adjusted PS Ratio: 0.45 (88% above median its 10-year median of 0.24)
  • GF Value™: 円719.30 vs. price of 円1,178.00 (63.8% above fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 35.7% below the Packaging & Containers median

No single metric tells the full story. See the TSE:7923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOIN Business Description

Address 1-4-2 Kameido, Koto-ku, Tokyo, JPN
TOIN Corp is engaged in manufacturing of paper containers like food, confectionary, cosmetics, pharmaceuticals, and resin packages. The company is also engaged in the manufacture and sale of labels, contract packaging of quasi-drugs, and food, and precision coating contract work for electronic equipment components such as functional films, and is working to expand its business in a diversified manner based on printing technology.
50GF Score

Get the complete analysis for TSE:7923

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

円1,178.00
Price
円719.30
GF Value