Toho Holdings Co (FRA:TON) Cyclically Adjusted Revenue per Share: €107.35 (As of Mar. 2026)


FRA:TON Toho Holdings Co Ltd FRA:TON
32 GF Score
Price €21.40
GF Value €26.10
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Toho Holdings Co Cyclically Adjusted Revenue per Share?

Toho Holdings Co FRA:TON +0.94% 32 Cyclically Adjusted Revenue per Share is €107.35 as of Mar. 2026. GuruFocus rates FRA:TON with a GF Score™ of 32/100 and a GF Value™ of €26.10 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Toho Holdings Co's adjusted revenue per share for the three months ended in Mar. 2026 was €30.396. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €107.35 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Toho Holdings Co's average Cyclically Adjusted Revenue Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Toho Holdings Co was 4.80% per year. The lowest was 0.60% per year. And the median was 2.70% per year.

As of today (2026-07-12), Toho Holdings Co's current stock price is €21.40. Toho Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €107.35. Toho Holdings Co's Cyclically Adjusted PS Ratio of today is 0.20.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Toho Holdings Co was 0.29. The lowest was 0.10. And the median was 0.16.


Toho Holdings Co  (FRA:TON) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Toho Holdings Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=21.40/107.35
=0.20

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Toho Holdings Co was 0.29. The lowest was 0.10. And the median was 0.16.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Toho Holdings Co Cyclically Adjusted Revenue per Share Related Terms


Toho Holdings Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Toho Holdings Co's Cyclically Adjusted Revenue per Share 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.

Toho Holdings Co Cyclically Adjusted Revenue per Share Chart

Toho Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.01 115.71 105.53 117.00 107.35

Toho Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 117.00 114.10 111.07 106.20 107.35

FRA:TON vs MCK, CAH, COR: Cyclically Adjusted Revenue per Share Comparison

For the Medical Distribution subindustry, Toho Holdings 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.


Toho Holdings Co Cyclically Adjusted PS Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Toho Holdings Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:TON
32GF Score
Toho Holdings Co Ltd FRA:TON
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toho Holdings Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Toho Holdings 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)
=30.396/112.7000*112.7000
=30.396

Current CPI (Mar. 2026) = 112.7000.

Toho Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 35.189 98.100 40.426
201609 34.958 98.000 40.202
201612 34.954 98.400 40.034
201703 31.920 98.100 36.671
201706 31.745 98.500 36.321
201709 29.800 98.800 33.993
201712 32.484 99.400 36.830
201803 29.405 99.200 33.407
201806 30.983 99.200 35.199
201809 28.072 99.900 31.669
201812 33.354 99.700 37.703
201903 29.991 99.700 33.902
201906 32.845 99.800 37.090
201909 34.759 100.100 39.134
201912 35.366 100.500 39.659
202003 32.130 100.300 36.102
202006 32.145 99.900 36.264
202009 31.040 99.900 35.017
202012 33.203 99.300 37.684
202103 29.485 99.900 33.263
202106 30.345 99.500 34.371
202109 31.357 100.100 35.304
202112 33.405 100.100 37.610
202203 31.600 101.100 35.226
202206 29.843 101.800 33.038
202209 32.799 103.100 35.853
202212 35.291 104.100 38.206
202303 31.691 104.400 34.210
202306 31.673 105.200 33.931
202309 33.523 106.200 35.575
202312 33.985 106.800 35.862
202403 30.852 107.200 32.435
202406 30.983 108.200 32.272
202409 33.825 108.900 35.005
202412 35.831 110.700 36.478
202503 31.681 111.100 32.137
202506 33.487 111.700 33.787
202509 33.548 112.000 33.758
202512 34.096 113.000 34.005
202603 30.396 112.700 30.396

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €107.35 mean?
Toho Holdings Co (FRA:TON) has a Cyclically Adjusted Revenue per Share of €107.35 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Toho Holdings Co and its competitors.
Is Toho Holdings Co's Cyclically Adjusted Revenue per Share too high?
Toho Holdings Co's current Cyclically Adjusted Revenue per Share is €107.35. Overall, Toho Holdings Co has a GF Score™ of 32/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toho Holdings Co's Cyclically Adjusted Revenue per Share compare to MCK and CAH?
Toho Holdings Co's Cyclically Adjusted Revenue per Share of €107.35 can be compared against companies in the Medical Distribution industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Medical Distribution company?
A good Cyclically Adjusted Revenue per Share depends on the Medical Distribution industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Toho Holdings Co and its competitors. Toho Holdings Co's current Cyclically Adjusted Revenue per Share is €107.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Holdings Co (FRA:TON) is currently considered Modestly Undervalued. The stock's GF Value™ is €26.10, compared to a current price of €21.40 — trading 18% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €107.35. Toho Holdings Co's overall GF Score™ is 32/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Toho Holdings Co (FRA:TON), the current Cyclically Adjusted Revenue per Share is €107.35 as of Mar. 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 Toho Holdings Co (FRA:TON) Overvalued in 2026?

Based on GuruFocus' analysis, Toho Holdings Co stock appears to be undervalued. The current stock price of €21.40 is trading 18% below its estimated GF Value™ of €26.10. GuruFocus considers Toho Holdings Co to be Modestly Undervalued.

Key valuation signals for FRA:TON:

  • Cyclically Adjusted Revenue per Share: €107.35
  • GF Value™: €26.10 vs. price of €21.40 (18% below fair value)
  • GF Score™: 32/100 with 3 warning signs

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


Toho Holdings Co Business Description

Other Exchanges 8129:Japan
Address 4-43-11 Daizawa, Setagaya-ku, Tokyo, JPN, 155-8655
Toho Holdings Co Ltd is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. It also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics, with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. It generates additional revenue through software sales to medical institutions.
32GF Score

Get the complete analysis for FRA:TON

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

€21.40
Price
€26.10
GF Value