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ToseiTSE:8923 -1.41%90 Cyclically Adjusted PS Ratio is 2.18 as of Jul. 31, 2026, which is 74% above its 10-year median of 1.25. GuruFocus rates TSE:8923 with a GF Score™ of 90/100 and a GF Value™ of 円1,681.38 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,355 Real Estate companies, Tosei ranks worse than 53.87% on this metric.
As of today (2026-07-31), Tosei's current share price is 円1819.00. Tosei's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was 円836.32. Tosei's Cyclically Adjusted PS Ratio for today is 2.18.
The historical rank and industry rank for Tosei's Cyclically Adjusted PS Ratio or its related term are showing as below:
TSE:8923'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.25 Max: 2.28
Current: 2.09
During the past years, Tosei's highest Cyclically Adjusted PS Ratio was 2.28. The lowest was 0.83. And the median was 1.25.
TSE:8923's Cyclically Adjusted PS Ratio is ranked worse than 53.87% of 1355
companies
in the Real Estate industry
Industry Median: 1.82
vs TSE:8923: 2.09
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.
Tosei's adjusted revenue per share data for the three months ended in May. 2026 was 円258.819. 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836.32 for the trailing ten years ended in May. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tosei (TSE:8923) 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.
Tosei Cyclically Adjusted PS Ratio Related Terms
Tosei Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Tosei'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.
Tosei Cyclically Adjusted PS Ratio Competitor Comparison
For the Real Estate - Diversified subindustry, Tosei'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.
Tosei Cyclically Adjusted PS Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Tosei's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Tosei's Cyclically Adjusted PS Ratio falls into.
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.
Tosei's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 2.18 mean?
Tosei (TSE:8923) has a Cyclically Adjusted PS Ratio of 2.18 as of Jul. 31, 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 Tosei and its competitors. This is 74% above median its historical median of 1.25. Over the past decade, Tosei's Cyclically Adjusted PS Ratio has ranged from 0.83 to 2.28. According to the industry distribution chart, Tosei ranks #730 out of 1355 companies in the Real Estate industry, placing it in the top 53.9%.
Is Tosei's Cyclically Adjusted PS Ratio too high?
Tosei's current Cyclically Adjusted PS Ratio of 2.18 is 74% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.28. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.82. Tosei's value of 2.18 is 19.8% above this industry median. Based on the distribution chart, Tosei ranks #730 out of 1355 companies in the Real Estate industry, which is below the industry midpoint. Overall, Tosei has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Tosei ranks #730 out of 1355 companies for Cyclically Adjusted PS Ratio. This places Tosei in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.82. Tosei's value of 2.18 is 19.8% above this benchmark. Historically, Tosei's own Cyclically Adjusted PS Ratio has ranged from 0.83 to 2.28 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.82, Tosei has consistently been above 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 Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.82, based on 1,355 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. Tosei's current Cyclically Adjusted PS Ratio of 2.18 is 19.8% above 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 Tosei and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosei's current Cyclically Adjusted PS Ratio is 2.18, which is 74% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei stock overvalued right now?
Based on GuruFocus' analysis, Tosei (TSE:8923) is currently considered Fairly Valued. The stock's GF Value™ is 円1,681.38, compared to a current price of 円1,819.00 — trading 8.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.18, which is 74% above median its 10-year median of 1.25 and 19.8% above the Real Estate industry median of 1.82. Tosei's overall GF Score™ is 90/100 with 5 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 Tosei (TSE:8923), the current Cyclically Adjusted PS Ratio is 2.18 as of Jul. 31, 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 Tosei (TSE:8923) Overvalued in 2026?
Based on GuruFocus' analysis, Tosei stock appears to be overvalued.
The current stock price of 円1,819.00 is trading 8.2% above its estimated GF Value™ of 円1,681.38.
GuruFocus considers Tosei to be Fairly Valued.
Key valuation signals for TSE:8923:
Cyclically Adjusted PS Ratio: 2.18 (74% above median its 10-year median of 1.25)
GF Value™: 円1,681.38 vs. price of 円1,819.00 (8.2% above fair value)
Industry Position: 19.8% above the Real Estate median (#730 of 1355)
No single metric tells the full story. See the TSE:8923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosei Corp is a diversified real estate company based in Japan. It is engaged in selling condominiums, detached houses, rental condominiums, and office buildings to individual customers and investors; providing asset management services for real estate funds, leasing properties; operating a real estate revitalization business; and operating hotels, among other activities. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Revitalization, Real Estate Development, Real Estate Leasing, Real Estate Fund and Consulting, Real Estate Management, and Hotel. Maximum revenue is generated from its Real Estate Revitalization Business, which revitalizes and sells properties with deteriorated asset value.
90GF Score
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