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TOTO (TSE:5332) Cyclically Adjusted PS Ratio : 1.10 (As of May. 13, 2024)


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What is TOTO Cyclically Adjusted PS Ratio?

As of today (2024-05-13), TOTO's current share price is 円4200.00. TOTO's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円3,817.73. TOTO's Cyclically Adjusted PS Ratio for today is 1.10.

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

TSE:5332' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.41   Max: 2.26
Current: 1.06

During the past years, TOTO's highest Cyclically Adjusted PS Ratio was 2.26. The lowest was 0.96. And the median was 1.41.

TSE:5332's Cyclically Adjusted PS Ratio is ranked worse than
66.06% of 1273 companies
in the Construction industry
Industry Median: 0.65 vs TSE:5332: 1.06

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.

TOTO's adjusted revenue per share data for the three months ended in Dec. 2023 was 円1,089.915. 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3,817.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOTO Cyclically Adjusted PS Ratio Historical Data

The historical data trend for TOTO'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.

TOTO Cyclically Adjusted PS Ratio Chart

TOTO 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 1.10 2.05 1.43 1.20 -

TOTO 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 1.20 1.16 1.02 0.97 -

Competitive Comparison of TOTO's Cyclically Adjusted PS Ratio

For the Building Products & Equipment subindustry, TOTO'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.


TOTO's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, TOTO's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



TOTO 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.

TOTO's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4200.00/3817.73
=1.10

* 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.

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

For example, TOTO'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)
=1089.915/106.8000*106.8000
=1,089.915

Current CPI (Dec. 2023) = 106.8000.

TOTO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 956.378 95.700 1,067.306
201406 682.195 98.000 743.453
201409 765.478 98.500 829.980
201412 860.299 97.900 938.508
201503 921.174 97.900 1,004.917
201506 750.834 98.400 814.930
201509 862.209 98.500 934.862
201512 863.411 98.100 939.983
201603 884.617 97.900 965.037
201606 758.793 98.100 826.087
201609 840.098 98.000 915.535
201612 853.782 98.400 926.666
201703 892.628 98.100 971.791
201706 776.511 98.500 841.943
201709 882.741 98.800 954.218
201712 908.167 99.400 975.777
201803 924.760 99.200 995.609
201806 780.869 99.200 840.694
201809 876.295 99.900 936.820
201812 891.119 99.700 954.579
201903 907.056 99.700 971.651
201906 802.405 99.800 858.686
201909 944.472 100.100 1,007.688
201912 900.987 100.500 957.467
202003 868.395 100.300 924.672
202006 694.827 99.900 742.818
202009 817.082 99.900 873.517
202012 959.720 99.300 1,032.206
202103 934.069 99.900 998.584
202106 858.968 99.500 921.988
202109 965.057 100.100 1,029.651
202112 1,005.516 100.100 1,072.818
202203 973.158 101.100 1,028.024
202206 904.404 101.800 948.825
202209 1,026.575 103.100 1,063.416
202212 1,175.173 104.100 1,205.653
202303 1,025.538 104.400 1,049.114
202306 922.738 105.200 936.772
202309 1,078.998 106.200 1,085.094
202312 1,089.915 106.800 1,089.915

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.


TOTO  (TSE:5332) 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.


TOTO Cyclically Adjusted PS Ratio Related Terms

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


TOTO (TSE:5332) Business Description

Industry
Traded in Other Exchanges
Address
1-1, Nakashima 2-chome, Kokurakita-Ku, Kitakyushu, Fukuoka, JPN, 802-8601
TOTO Ltd manufactures and sells bathroom materials for maintenance, improvement, construction and home improvement projects. The company's product portfolio includes toilets, urinals, sinks, plumbing accessories, bathtubs, unit bathrooms, faucets, drain fittings, marble counters, and advanced ceramics. The firm organizes itself based on geography. The Domestic segment, which generates the majority of revenue, sells its products throughout Japan. The International segment sells products throughout the rest of the world.

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