TM

The disqualifying problem here is not Toyota's business — it is the data. Every fundamental provided is tagged FY2013: revenue $235B, net income $10.2B, diluted EPS $3.23, equity $129B. That is roughly thirteen years stale against a live June-2026 price of $173.94. The most recent document (a 6-K filed 2026-06-18) carries no XBRL fundamentals and no MD&A or Risk Factor narrative in what I was given, so there is nothing to bridge 2013 to today. I will not invent the missing years, and without them I cannot responsibly underwrite a buy, hold, or sell on the merits.

This staleness makes the headline valuation meaningless. The P/E of 53.9 simply divides a 2026 price by FY2013 EPS of $3.23; the P/S of 9.7 puts a $2.27T market cap on 2013's $235B of revenue — an absurd multiple for a thin-margin automaker, where sub-1x sales is the norm. Worse, the inputs do not reconcile: EPS $3.23 across the stated 13.0B shares implies ~$42B of earnings, yet net income is $10.2B (a market-cap-to-net-income P/E nearer 222x). That gap is an ADR-versus-ordinary-share mismatch, and it means the reported market cap and P/E cannot both be trusted.