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Toho Holdings Co (FRA:TON) Cyclically Adjusted PS Ratio : 0.21 (As of Jun. 01, 2024)


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What is Toho Holdings Co Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Toho Holdings Co's current share price is €22.80. Toho Holdings Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €110.50. Toho Holdings Co's Cyclically Adjusted PS Ratio for today is 0.21.

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

FRA:TON' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.15   Max: 0.23
Current: 0.21

During the past years, Toho Holdings Co's highest Cyclically Adjusted PS Ratio was 0.23. The lowest was 0.10. And the median was 0.15.

FRA:TON's Cyclically Adjusted PS Ratio is ranked better than
66.67% of 66 companies
in the Medical Distribution industry
Industry Median: 0.38 vs FRA:TON: 0.21

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 adjusted revenue per share data for the three months ended in Dec. 2023 was €33.985. 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 €110.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toho Holdings Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Toho Holdings 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.

* Premium members only.

Toho Holdings Co Cyclically Adjusted PS Ratio Chart

Toho Holdings Co 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 0.14 0.13 0.11 0.14 -

Toho Holdings Co 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 0.14 0.15 0.18 0.18 -

Competitive Comparison of Toho Holdings Co's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



Toho Holdings 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.80/110.5
=0.21

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

For example, Toho Holdings Co'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)
=33.985/106.8000*106.8000
=33.985

Current CPI (Dec. 2023) = 106.8000.

Toho Holdings Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 27.242 95.700 30.402
201406 26.920 98.000 29.337
201409 26.773 98.500 29.029
201412 28.587 97.900 31.186
201503 27.811 97.900 30.339
201506 27.988 98.400 30.377
201509 30.117 98.500 32.655
201512 36.796 98.100 40.059
201603 35.654 97.900 38.895
201606 35.189 98.100 38.310
201609 34.958 98.000 38.097
201612 34.954 98.400 37.938
201703 31.920 98.100 34.751
201706 31.745 98.500 34.420
201709 29.800 98.800 32.213
201712 32.484 99.400 34.902
201803 29.405 99.200 31.658
201806 30.983 99.200 33.357
201809 28.072 99.900 30.011
201812 33.354 99.700 35.729
201903 29.991 99.700 32.127
201906 32.845 99.800 35.149
201909 34.759 100.100 37.086
201912 35.366 100.500 37.583
202003 32.130 100.300 34.212
202006 32.145 99.900 34.365
202009 31.040 99.900 33.184
202012 33.203 99.300 35.711
202103 29.485 99.900 31.522
202106 30.345 99.500 32.571
202109 31.357 100.100 33.456
202112 33.405 100.100 35.641
202203 31.600 101.100 33.382
202206 29.843 101.800 31.309
202209 32.799 103.100 33.976
202212 35.291 104.100 36.206
202303 31.352 104.400 32.073
202306 31.673 105.200 32.155
202309 33.523 106.200 33.712
202312 33.985 106.800 33.985

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.


Toho Holdings Co  (FRA:TON) 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.


Toho Holdings Co Cyclically Adjusted PS Ratio Related Terms

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


Toho Holdings Co (FRA:TON) Business Description

Traded in Other Exchanges
Address
5-2-1, 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. Toho 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. Toho generates additional revenue through software sales to medical institutions.

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