The Tottori Bank (TSE:8383) Cyclically Adjusted PS Ratio: 1.22 (As of Aug. 11, 2026) — 40% 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:8383 The Tottori Bank Ltd TSE:8383
66 GF Score
Price 円1,830.00
GF Value 円1,473.44
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is The Tottori Bank Cyclically Adjusted PS Ratio?

The Tottori Bank TSE:8383 -1.67% 66 Cyclically Adjusted PS Ratio is 1.22 as of Aug. 11, 2026, which is 40% above its 10-year median of 0.87. GuruFocus rates TSE:8383 with a GF Score™ of 66/100 and a GF Value™ of 円1,473.44 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,302 Banks companies, The Tottori Bank ranks better than 87.17% on this metric.

As of today (2026-08-11), The Tottori Bank's current share price is 円1830.00. The Tottori Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円1,501.84. The Tottori Bank's Cyclically Adjusted PS Ratio for today is 1.22.

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

TSE:8383' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.67   Med: 0.87   Max: 1.32
Current: 1.22

During the past years, The Tottori Bank's highest Cyclically Adjusted PS Ratio was 1.32. The lowest was 0.67. And the median was 0.87.

TSE:8383's Cyclically Adjusted PS Ratio is ranked better than
87.17% of 1302 companies
in the Banks industry
Industry Median: 3.415 vs TSE:8383: 1.22

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.

The Tottori Bank's adjusted revenue per share data for the three months ended in Mar. 2026 was 円413.719. 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1,501.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Tottori Bank  (TSE:8383) 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.


The Tottori Bank Cyclically Adjusted PS Ratio Related Terms


The Tottori Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for The Tottori Bank'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.

The Tottori Bank Cyclically Adjusted PS Ratio Chart

The Tottori Bank 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 0.81 0.78 1.02 0.00 1.08

The Tottori Bank 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 0.83 0.93 1.03 1.08 0.00

The Tottori Bank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, The Tottori Bank'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.


The Tottori Bank Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, The Tottori Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:8383
66GF Score
The Tottori Bank Ltd TSE:8383
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Tottori Bank 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.

The Tottori Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1830.00/1501.84
=1.22

* 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.

The Tottori Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, The Tottori Bank'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)
=413.719/112.7000*112.7000
=413.719

Current CPI (Mar. 2026) = 112.7000.

The Tottori Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 359.774 97.900 414.163
201606 406.257 98.100 466.719
201609 363.442 98.000 417.958
201612 397.181 98.400 454.901
201703 297.566 98.100 341.852
201706 640.363 98.500 732.679
201709 83.075 98.800 94.763
201712 396.369 99.400 449.404
201803 288.841 99.200 328.149
201806 352.307 99.200 400.252
201809 358.996 99.900 404.993
201812 310.091 99.700 350.524
201903 288.018 99.700 325.573
201906 374.559 99.800 422.974
201909 284.387 100.100 320.184
201912 297.629 100.500 333.759
202003 297.020 100.300 333.740
202006 306.345 99.900 345.596
202009 299.156 99.900 337.486
202012 315.390 99.300 357.950
202103 310.371 99.900 350.138
202106 334.864 99.500 379.288
202109 295.770 100.100 333.000
202112 316.279 100.100 356.090
202203 280.282 101.100 312.441
202206 337.464 101.800 373.597
202209 322.401 103.100 352.421
202212 321.013 104.100 347.533
202303 317.381 104.400 342.613
202306 336.966 105.200 360.989
202309 349.108 106.200 370.475
202312 327.030 106.800 345.096
202403 368.376 107.200 387.276
202406 369.491 108.200 384.858
202409 445.133 108.900 460.666
202503 0.000 111.100 0.000
202506 372.053 111.700 375.384
202509 360.188 112.000 362.439
202512 402.393 113.000 401.325
202603 413.719 112.700 413.719

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 1.22 mean?
The Tottori Bank (TSE:8383) has a Cyclically Adjusted PS Ratio of 1.22 as of Aug. 11, 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 The Tottori Bank and its competitors. This is 40% above median its historical median of 0.87. Over the past decade, The Tottori Bank's Cyclically Adjusted PS Ratio has ranged from 0.67 to 1.32. According to the industry distribution chart, The Tottori Bank ranks #167 out of 1302 companies in the Banks industry, placing it in the top 12.8%.
Is The Tottori Bank's Cyclically Adjusted PS Ratio too high?
The Tottori Bank's current Cyclically Adjusted PS Ratio of 1.22 is 40% above median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.32. The Banks industry median Cyclically Adjusted PS Ratio is 3.42. The Tottori Bank's value of 1.22 is 64.3% below this industry median. Based on the distribution chart, The Tottori Bank ranks #167 out of 1302 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, The Tottori Bank has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Tottori Bank's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, The Tottori Bank ranks #167 out of 1302 companies for Cyclically Adjusted PS Ratio. This places The Tottori Bank in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.42. The Tottori Bank's value of 1.22 is 64.3% below this benchmark. Historically, The Tottori Bank's own Cyclically Adjusted PS Ratio has ranged from 0.67 to 1.32 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 3.42, The Tottori Bank 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.42, based on 1,302 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. The Tottori Bank's current Cyclically Adjusted PS Ratio of 1.22 is 64.3% 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 The Tottori Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Tottori Bank's current Cyclically Adjusted PS Ratio is 1.22, which is 40% above median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Tottori Bank stock overvalued right now?
Based on GuruFocus' analysis, The Tottori Bank (TSE:8383) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,473.44, compared to a current price of 円1,830.00 — trading 24.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.22, which is 40% above median its 10-year median of 0.87 and 64.3% below the Banks industry median of 3.42. The Tottori Bank's overall GF Score™ is 66/100 with 2 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 The Tottori Bank (TSE:8383), the current Cyclically Adjusted PS Ratio is 1.22 as of Aug. 11, 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 The Tottori Bank (TSE:8383) Overvalued in 2026?

Based on GuruFocus' analysis, The Tottori Bank stock appears to be overvalued. The current stock price of 円1,830.00 is trading 24.2% above its estimated GF Value™ of 円1,473.44. GuruFocus considers The Tottori Bank to be Modestly Overvalued.

Key valuation signals for TSE:8383:

  • Cyclically Adjusted PS Ratio: 1.22 (40% above median its 10-year median of 0.87)
  • GF Value™: 円1,473.44 vs. price of 円1,830.00 (24.2% above fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 64.3% below the Banks median (#167 of 1302)

No single metric tells the full story. See the TSE:8383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Tottori Bank Business Description

Address 171 Eiraku-Onsencho, Tottori, JPN, 680-8686
The Tottori Bank Ltd is a Japan-based bank mainly engaged in the banking business. The bank offers the general account, and ordinary, savings, funded time, periodical, property and tax reserve deposit, foreign currency accounts. In addition, it also advances card, and business loans, as well as loan-related services. Further, it also provides automated teller machine special interest time deposit, foreign exchange services, individual annuity, medical, life, periodic, cancer, and revenue protection insurance services.
66GF Score

Get the complete analysis for TSE:8383

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

円1,830.00
Price
円1,473.44
GF Value