Toromont Industries (TSX:TIH) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TSX:TIH Toromont Industries Ltd TSX:TIH
92 GF Score
Price C$211.23
GF Value C$153.88
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Toromont Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Toromont Industries  (TSX:TIH) 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.


Toromont Industries Cyclically Adjusted PS Ratio Related Terms


Toromont Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Toromont Industries'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.

Toromont Industries Cyclically Adjusted PS Ratio Chart

Toromont Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.34 2.51 2.69 2.41 3.21

Toromont Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 2.45 3.04 3.20 3.64 4.24

TSX:TIH vs GWW, FAST, FERG: Cyclically Adjusted PS Ratio Comparison

For the Industrial Distribution subindustry, Toromont Industries'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.


Toromont Industries Cyclically Adjusted PS Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Toromont Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:TIH
92GF Score
Toromont Industries Ltd TSX:TIH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Toromont Industries 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.

Toromont Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Toromont Industries's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.379/133.5265*133.5265
=19.379

Current CPI (Jun. 2026) = 133.5265.

Toromont Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.462 101.765 8.479
201612 6.270 101.449 8.253
201703 5.205 102.634 6.772
201706 6.693 103.029 8.674
201709 7.360 103.345 9.509
201712 10.017 103.345 12.942
201803 8.265 105.004 10.510
201806 11.730 105.557 14.838
201809 10.946 105.636 13.836
201812 11.767 105.399 14.907
201903 8.536 106.979 10.654
201906 11.904 107.690 14.760
201909 11.869 107.611 14.727
201912 12.518 107.769 15.510
202003 8.667 107.927 10.723
202006 10.302 108.401 12.690
202009 11.141 108.164 13.753
202012 12.045 108.559 14.815
202103 9.685 110.298 11.725
202106 13.504 111.720 16.140
202109 11.939 112.905 14.120
202112 11.596 113.774 13.609
202203 10.331 117.646 11.726
202206 12.666 120.806 14.000
202209 13.120 120.648 14.520
202212 13.483 120.964 14.883
202303 12.605 122.702 13.717
202306 14.160 124.203 15.223
202309 14.158 125.230 15.096
202312 14.814 125.072 15.815
202403 12.249 126.258 12.954
202406 16.438 127.522 17.212
202409 16.209 127.285 17.004
202412 15.888 127.364 16.657
202503 13.312 129.181 13.760
202506 16.835 129.892 17.306
202509 16.047 130.287 16.446
202512 17.457 130.366 17.880
202603 14.927 132.262 15.070
202606 19.379 133.527 19.379

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.

Is Toromont Industries (TSX:TIH) Overvalued in 2026?

Based on GuruFocus' analysis, Toromont Industries stock appears to be overvalued. The current stock price of C$211.23 is trading 37.3% above its estimated GF Value™ of C$153.88. GuruFocus considers Toromont Industries to be Significantly Overvalued.

Key valuation signals for TSX:TIH:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: C$153.88 vs. price of C$211.23 (37.3% above fair value)
  • GF Score™: 92/100 with 1 warning sign

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


Toromont Industries Business Description

Address 3131 Highway 7 West, P.O. Box 5511, Executive Offices, Concord, ON, CAN, L4K 1B7
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition, and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
92GF Score

Get the complete analysis for TSX:TIH

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

C$211.23
Price
C$153.88
GF Value