East Japan Railway Co (FRA:EJR) Cyclically Adjusted PS Ratio: 1.35 (As of Aug. 04, 2026) — 12% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:EJR East Japan Railway Co FRA:EJR
73 GF Score
Price €18.82
GF Value €18.62
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is East Japan Railway Co Cyclically Adjusted PS Ratio?

East Japan Railway Co FRA:EJR -4.42% 73 Cyclically Adjusted PS Ratio is 1.35 as of Aug. 04, 2026, which is 12% above its 10-year median of 1.21. GuruFocus rates FRA:EJR with a GF Score™ of 73/100 and a GF Value™ of €18.62 (Fairly Valued). The stock has 3 warning signs investors should review. Among 763 Transportation companies, East Japan Railway Co ranks worse than 63.56% on this metric.

As of today (2026-08-04), East Japan Railway Co's current share price is €18.82. East Japan Railway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €13.93. East Japan Railway Co's Cyclically Adjusted PS Ratio for today is 1.35.

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

FRA:EJR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.21   Max: 1.64
Current: 1.44

During the past years, East Japan Railway Co's highest Cyclically Adjusted PS Ratio was 1.64. The lowest was 0.76. And the median was 1.21.

FRA:EJR's Cyclically Adjusted PS Ratio is ranked worse than
63.56% of 763 companies
in the Transportation industry
Industry Median: 0.9 vs FRA:EJR: 1.44

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.

East Japan Railway Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €4.076. 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 €13.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


East Japan Railway Co  (FRA:EJR) 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.


East Japan Railway Co Cyclically Adjusted PS Ratio Related Terms


East Japan Railway Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for East Japan Railway 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.

East Japan Railway Co Cyclically Adjusted PS Ratio Chart

East Japan Railway Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 1.02 1.19 1.17 1.42

East Japan Railway Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.23 1.43 1.62 1.42 0.00

FRA:EJR vs UNP, CSX, NSC: Cyclically Adjusted PS Ratio Comparison

For the Railroads subindustry, East Japan Railway 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.


East Japan Railway Co Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, East Japan Railway Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where East Japan Railway Co's Cyclically Adjusted PS Ratio falls into.


FRA:EJR
73GF Score
East Japan Railway Co FRA:EJR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

East Japan Railway 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.

East Japan Railway Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.82/13.93
=1.35

* 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.

East Japan Railway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, East Japan Railway 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)
=4.076/112.7000*112.7000
=4.076

Current CPI (Mar. 2026) = 112.7000.

East Japan Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.029 98.100 5.777
201609 5.533 98.000 6.363
201612 5.089 98.400 5.829
201703 5.108 98.100 5.868
201706 4.911 98.500 5.619
201709 4.933 98.800 5.627
201712 4.804 99.400 5.447
201803 4.920 99.200 5.590
201806 4.909 99.200 5.577
201809 5.081 99.900 5.732
201812 5.245 99.700 5.929
201903 5.215 99.700 5.895
201906 5.329 99.800 6.018
201909 5.791 100.100 6.520
201912 5.451 100.500 6.113
202003 5.050 100.300 5.674
202006 2.428 99.900 2.739
202009 3.228 99.900 3.642
202012 3.632 99.300 4.122
202103 3.130 99.900 3.531
202106 2.887 99.500 3.270
202109 3.030 100.100 3.411
202112 4.156 100.100 4.679
202203 3.357 101.100 3.742
202206 3.479 101.800 3.852
202209 3.472 103.100 3.795
202212 3.784 104.100 4.097
202303 4.196 104.400 4.530
202306 3.638 105.200 3.897
202309 3.760 106.200 3.990
202312 3.952 106.800 4.170
202403 3.957 107.200 4.160
202406 3.572 108.200 3.721
202409 3.947 108.900 4.085
202412 4.012 110.700 4.084
202503 4.178 111.100 4.238
202506 3.534 111.700 3.566
202509 3.811 112.000 3.835
202512 3.766 113.000 3.756
202603 4.076 112.700 4.076

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.

What does a Cyclically Adjusted PS Ratio of 1.35 mean?
East Japan Railway Co (FRA:EJR) has a Cyclically Adjusted PS Ratio of 1.35 as of Aug. 04, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on East Japan Railway Co and its competitors. This is 12% above median its historical median of 1.21. Over the past decade, East Japan Railway Co's Cyclically Adjusted PS Ratio has ranged from 0.76 to 1.64. According to the industry distribution chart, East Japan Railway Co ranks #485 out of 763 companies in the Transportation industry, placing it in the top 63.6%.
Is East Japan Railway Co's Cyclically Adjusted PS Ratio too high?
East Japan Railway Co's current Cyclically Adjusted PS Ratio of 1.35 is 12% above median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.64. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. East Japan Railway Co's value of 1.35 is 50% above this industry median. Based on the distribution chart, East Japan Railway Co ranks #485 out of 763 companies in the Transportation industry, which is below the industry midpoint. Overall, East Japan Railway Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does East Japan Railway Co's Cyclically Adjusted PS Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, East Japan Railway Co ranks #485 out of 763 companies for Cyclically Adjusted PS Ratio. This places East Japan Railway Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. East Japan Railway Co's value of 1.35 is 50% above this benchmark. Historically, East Japan Railway Co's own Cyclically Adjusted PS Ratio has ranged from 0.76 to 1.64 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 0.90, East Japan Railway Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 763 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. East Japan Railway Co's current Cyclically Adjusted PS Ratio of 1.35 is 50% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on East Japan Railway Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East Japan Railway Co's current Cyclically Adjusted PS Ratio is 1.35, which is 12% above median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East Japan Railway Co stock overvalued right now?
Based on GuruFocus' analysis, East Japan Railway Co (FRA:EJR) is currently considered Fairly Valued. The stock's GF Value™ is €18.62, compared to a current price of €18.82 — trading 1.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.35, which is 12% above median its 10-year median of 1.21 and 50% above the Transportation industry median of 0.90. East Japan Railway Co's overall GF Score™ is 73/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For East Japan Railway Co (FRA:EJR), the current Cyclically Adjusted PS Ratio is 1.35 as of Aug. 04, 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 East Japan Railway Co (FRA:EJR) Overvalued in 2026?

Based on GuruFocus' analysis, East Japan Railway Co stock appears to be overvalued. The current stock price of €18.82 is trading 1.1% above its estimated GF Value™ of €18.62. GuruFocus considers East Japan Railway Co to be Fairly Valued.

Key valuation signals for FRA:EJR:

  • Cyclically Adjusted PS Ratio: 1.35 (12% above median its 10-year median of 1.21)
  • GF Value™: €18.62 vs. price of €18.82 (1.1% above fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 50% above the Transportation median (#485 of 763)

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


East Japan Railway Co Business Description

Address 2-2-2 Yoyogi, Shibuya-ku, Tokyo, JPN, 151-8578
East Japan Railway Company, or JR East, is the largest railway operator in Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987, though it wasn't fully privatized until 2002. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. Its 7,400 kilometers of rail track covers half of Japan's population and a third of the country's land area. Two thirds of revenue is from transportation, with most of the rest from retail operations and real estate investments.
73GF Score

Get the complete analysis for FRA:EJR

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

€18.82
Price
€18.62
GF Value