Toyo Wharf & Warehouse Co (TSE:9351) Cyclically Adjusted PS Ratio: 0.37 (As of Aug. 17, 2026) — 16% Above Median

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TSE:9351 Toyo Wharf & Warehouse Co Ltd TSE:9351
76 GF Score
Price 円1,854.00
GF Value 円1,523.86
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Toyo Wharf & Warehouse Co Cyclically Adjusted PS Ratio?

Toyo Wharf & Warehouse Co TSE:9351 +0.76% 76 Cyclically Adjusted PS Ratio is 0.37 as of Aug. 17, 2026, which is 16% above its 10-year median of 0.32. GuruFocus rates TSE:9351 with a GF Score™ of 76/100 and a GF Value™ of 円1,523.86 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 764 Transportation companies, Toyo Wharf & Warehouse Co ranks better than 78.14% on this metric.

As of today (2026-08-17), Toyo Wharf & Warehouse Co's current share price is 円1854.00. Toyo Wharf & Warehouse Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円5,047.69. Toyo Wharf & Warehouse Co's Cyclically Adjusted PS Ratio for today is 0.37.

The historical rank and industry rank for Toyo Wharf & Warehouse Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:9351' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.32   Max: 0.41
Current: 0.36

During the past years, Toyo Wharf & Warehouse Co's highest Cyclically Adjusted PS Ratio was 0.41. The lowest was 0.24. And the median was 0.32.

TSE:9351's Cyclically Adjusted PS Ratio is ranked better than
78.14% of 764 companies
in the Transportation industry
Industry Median: 0.905 vs TSE:9351: 0.36

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.

Toyo Wharf & Warehouse Co's adjusted revenue per share data for the three months ended in Mar. 2026 was 円1,232.798. 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5,047.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyo Wharf & Warehouse Co  (TSE:9351) 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.


Toyo Wharf & Warehouse Co Cyclically Adjusted PS Ratio Related Terms


Toyo Wharf & Warehouse Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toyo Wharf & Warehouse Co'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.

Toyo Wharf & Warehouse Co Cyclically Adjusted PS Ratio Chart

Toyo Wharf & Warehouse Co 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 0.34 0.29 0.29 0.00 0.38

Toyo Wharf & Warehouse Co 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 0.28 0.31 0.34 0.38 0.00

TSE:9351 vs UPS, FDX, JBHT: Cyclically Adjusted PS Ratio Comparison

For the Integrated Freight & Logistics subindustry, Toyo Wharf & Warehouse Co'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.


Toyo Wharf & Warehouse Co Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Toyo Wharf & Warehouse Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Toyo Wharf & Warehouse Co's Cyclically Adjusted PS Ratio falls into.


TSE:9351
76GF Score
Toyo Wharf & Warehouse Co Ltd TSE:9351
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toyo Wharf & Warehouse Co 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.

Toyo Wharf & Warehouse Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1854.00/5047.69
=0.37

* 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.

Toyo Wharf & Warehouse Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Toyo Wharf & Warehouse Co'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)
=1232.798/112.7000*112.7000
=1,232.798

Current CPI (Mar. 2026) = 112.7000.

Toyo Wharf & Warehouse Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 1,009.992 97.900 1,162.677
201606 1,044.517 98.100 1,199.970
201609 1,024.530 98.000 1,178.210
201612 1,009.345 98.400 1,156.028
201703 1,021.155 98.100 1,173.131
201706 1,119.418 98.500 1,280.796
201709 1,084.361 98.800 1,236.918
201712 1,063.855 99.400 1,206.202
201803 1,075.415 99.200 1,221.767
201806 1,176.295 99.200 1,336.375
201809 1,069.843 99.900 1,206.920
201812 1,106.582 99.700 1,250.871
201903 1,078.281 99.700 1,218.879
201906 1,179.564 99.800 1,332.033
201909 1,125.406 100.100 1,267.065
201912 1,124.497 100.500 1,261.003
202003 1,079.590 100.300 1,213.059
202006 1,176.318 99.900 1,327.037
202009 1,087.250 99.900 1,226.557
202012 1,082.057 99.300 1,228.075
202103 1,089.457 99.900 1,229.047
202106 1,161.408 99.500 1,315.484
202109 1,127.889 100.100 1,269.861
202112 1,212.023 100.100 1,364.585
202203 1,186.755 101.100 1,322.921
202206 1,300.480 101.800 1,439.726
202209 1,273.176 103.100 1,391.726
202212 1,242.070 104.100 1,344.681
202303 1,148.148 104.400 1,239.428
202306 1,207.116 105.200 1,293.175
202309 1,169.619 106.200 1,241.206
202312 1,143.492 106.800 1,206.662
202403 1,132.650 107.200 1,190.762
202406 1,216.004 108.200 1,266.577
202409 1,152.165 108.900 1,192.369
202503 0.000 111.100 0.000
202506 1,284.195 111.700 1,295.692
202509 1,249.488 112.000 1,257.297
202512 1,441.221 113.000 1,437.395
202603 1,232.798 112.700 1,232.798

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 0.37 mean?
Toyo Wharf & Warehouse Co (TSE:9351) has a Cyclically Adjusted PS Ratio of 0.37 as of Aug. 17, 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 Toyo Wharf & Warehouse Co and its competitors. This is 16% above median its historical median of 0.32. Over the past decade, Toyo Wharf & Warehouse Co's Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.41. According to the industry distribution chart, Toyo Wharf & Warehouse Co ranks #167 out of 764 companies in the Transportation industry, placing it in the top 21.9%.
Is Toyo Wharf & Warehouse Co's Cyclically Adjusted PS Ratio too high?
Toyo Wharf & Warehouse Co's current Cyclically Adjusted PS Ratio of 0.37 is 16% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.41. The Transportation industry median Cyclically Adjusted PS Ratio is 0.91. Toyo Wharf & Warehouse Co's value of 0.37 is 59.1% below this industry median. Based on the distribution chart, Toyo Wharf & Warehouse Co ranks #167 out of 764 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Toyo Wharf & Warehouse Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyo Wharf & Warehouse Co's Cyclically Adjusted PS Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Toyo Wharf & Warehouse Co ranks #167 out of 764 companies for Cyclically Adjusted PS Ratio. This places Toyo Wharf & Warehouse Co in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.91. Toyo Wharf & Warehouse Co's value of 0.37 is 59.1% below this benchmark. Historically, Toyo Wharf & Warehouse Co's own Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.41 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.91, Toyo Wharf & Warehouse Co 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.91, based on 764 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. Toyo Wharf & Warehouse Co's current Cyclically Adjusted PS Ratio of 0.37 is 59.1% 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 Toyo Wharf & Warehouse Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Wharf & Warehouse Co's current Cyclically Adjusted PS Ratio is 0.37, which is 16% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Wharf & Warehouse Co stock overvalued right now?
Based on GuruFocus' analysis, Toyo Wharf & Warehouse Co (TSE:9351) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,523.86, compared to a current price of 円1,854.00 — trading 21.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.37, which is 16% above median its 10-year median of 0.32 and 59.1% below the Transportation industry median of 0.91. Toyo Wharf & Warehouse Co's overall GF Score™ is 76/100 with 1 warning sign 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 Toyo Wharf & Warehouse Co (TSE:9351), the current Cyclically Adjusted PS Ratio is 0.37 as of Aug. 17, 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 Toyo Wharf & Warehouse Co (TSE:9351) Overvalued in 2026?

Based on GuruFocus' analysis, Toyo Wharf & Warehouse Co stock appears to be overvalued. The current stock price of 円1,854.00 is trading 21.7% above its estimated GF Value™ of 円1,523.86. GuruFocus considers Toyo Wharf & Warehouse Co to be Modestly Overvalued.

Key valuation signals for TSE:9351:

  • Cyclically Adjusted PS Ratio: 0.37 (16% above median its 10-year median of 0.32)
  • GF Value™: 円1,523.86 vs. price of 円1,854.00 (21.7% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 59.1% below the Transportation median (#167 of 764)

No single metric tells the full story. See the TSE:9351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyo Wharf & Warehouse Co Business Description

Address 1-8-8 Harumi, 19th floor, Harumi Triton Square W Building, Chuo-ku, Tokyo, JPN, 104-0053
Toyo Wharf & Warehouse Co Ltd is engaged in the domestic comprehensive logistics business, international logistics business and related business mainly for warehousing, port transportation, Automobile transportation, and International logistics business.
76GF Score

Get the complete analysis for TSE:9351

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

円1,854.00
Price
円1,523.86
GF Value