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Toyota Industries (FRA:TAH) Cyclically Adjusted PS Ratio : 1.66 (As of May. 20, 2024)


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What is Toyota Industries Cyclically Adjusted PS Ratio?

As of today (2024-05-20), Toyota Industries's current share price is €86.00. Toyota Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €51.93. Toyota Industries's Cyclically Adjusted PS Ratio for today is 1.66.

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

FRA:TAH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.15   Max: 2.02
Current: 1.85

During the past years, Toyota Industries's highest Cyclically Adjusted PS Ratio was 2.02. The lowest was 0.76. And the median was 1.15.

FRA:TAH's Cyclically Adjusted PS Ratio is ranked worse than
73.68% of 171 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1 vs FRA:TAH: 1.85

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.

Toyota Industries's adjusted revenue per share data for the three months ended in Dec. 2023 was €20.311. 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 €51.93 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toyota Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Toyota 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.

* Premium members only.

Toyota Industries Cyclically Adjusted PS Ratio Chart

Toyota Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 1.57 1.26 0.99 -

Toyota Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.99 1.34 1.50 1.43 -

Competitive Comparison of Toyota Industries's Cyclically Adjusted PS Ratio

For the Farm & Heavy Construction Machinery subindustry, Toyota 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.


Toyota Industries's Cyclically Adjusted PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Toyota Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Toyota 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.

Toyota Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=86.00/51.93
=1.66

* 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.

Toyota Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Toyota Industries's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=20.311/106.8000*106.8000
=20.311

Current CPI (Dec. 2023) = 106.8000.

Toyota Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 11.872 95.700 13.249
201406 11.965 98.000 13.039
201409 12.073 98.500 13.090
201412 11.622 97.900 12.679
201503 14.253 97.900 15.549
201506 12.465 98.400 13.529
201509 13.267 98.500 14.385
201512 14.378 98.100 15.653
201603 -0.194 97.900 -0.212
201606 10.796 98.100 11.753
201609 11.251 98.000 12.261
201612 11.179 98.400 12.133
201703 11.879 98.100 12.932
201706 11.511 98.500 12.481
201709 12.015 98.800 12.988
201712 12.693 99.400 13.638
201803 13.283 99.200 14.301
201806 13.079 99.200 14.081
201809 13.170 99.900 14.080
201812 14.453 99.700 15.482
201903 15.006 99.700 16.075
201906 14.539 99.800 15.559
201909 15.004 100.100 16.008
201912 13.857 100.500 14.726
202003 14.805 100.300 15.764
202006 11.455 99.900 12.246
202009 13.626 99.900 14.567
202012 14.452 99.300 15.544
202103 14.802 99.900 15.824
202106 14.978 99.500 16.077
202109 16.003 100.100 17.074
202112 17.706 100.100 18.891
202203 18.182 101.100 19.207
202206 17.277 101.800 18.126
202209 19.136 103.100 19.823
202212 19.495 104.100 20.001
202303 20.533 104.400 21.005
202306 18.706 105.200 18.991
202309 19.351 106.200 19.460
202312 20.311 106.800 20.311

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.


Toyota Industries  (FRA:TAH) 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.


Toyota Industries Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Toyota Industries's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Toyota Industries (FRA:TAH) Business Description

Traded in Other Exchanges
Address
2-1, Toyoda-cho, Kariya-shi, Aichi, JPN, 448-8671
Toyota Industries Corp is primarily engaged in manufacturing and sale of automobiles, industrial vehicles, and textile machinery, as well as logistics business. The company manufactures and sells automobiles, engines, foundry pieces and electronic equipment. It also provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work. In addition, it also engaged in the land transportation service, collection, and delivery service. The business of the group is primarily functioned through Japan and its amplifying internationally. Toyota derives most of the income through the sale of products and recycled waste products.

Toyota Industries (FRA:TAH) Headlines