East Japan Railway Co (FRA:EJR) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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
78 GF Score
Price €19.00
GF Value €19.09
Valuation Fairly Valued
! 3 Warning Signs
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What is East Japan Railway Co Cyclically Adjusted PS Ratio?

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 0.92 0.91 0.97 0.96 1.06

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 0.96 1.09 1.18 1.06 1.00

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
78GF Score
East Japan Railway Co FRA:EJR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, East Japan Railway Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.694/113.6000*113.6000
=3.694

Current CPI (Jun. 2026) = 113.6000.

East Japan Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.533 98.000 6.414
201612 5.279 98.400 6.094
201703 5.097 98.100 5.902
201706 5.004 98.500 5.771
201709 5.002 98.800 5.751
201712 4.835 99.400 5.526
201803 4.834 99.200 5.536
201806 4.855 99.200 5.560
201809 5.128 99.900 5.831
201812 5.207 99.700 5.933
201903 5.236 99.700 5.966
201906 5.267 99.800 5.995
201909 5.747 100.100 6.522
201912 5.490 100.500 6.206
202003 5.005 100.300 5.669
202006 2.484 99.900 2.825
202009 3.237 99.900 3.681
202012 3.681 99.300 4.211
202103 3.169 99.900 3.604
202106 2.905 99.500 3.317
202109 3.026 100.100 3.434
202112 4.112 100.100 4.667
202203 3.360 101.100 3.775
202206 3.568 101.800 3.982
202209 3.536 103.100 3.896
202212 3.754 104.100 4.097
202303 4.226 104.400 4.598
202306 3.726 105.200 4.024
202309 3.773 106.200 4.036
202312 3.902 106.800 4.150
202403 4.001 107.200 4.240
202406 3.620 108.200 3.801
202409 3.820 108.900 3.985
202412 3.975 110.700 4.079
202503 4.196 111.100 4.290
202506 3.859 111.700 3.925
202509 3.843 112.000 3.898
202512 3.839 113.000 3.859
202603 4.076 112.700 4.109
202606 3.694 113.600 3.694

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.

Is East Japan Railway Co (FRA:EJR) Overvalued in 2026?

Based on GuruFocus' analysis, East Japan Railway Co stock appears to be undervalued. The current stock price of €19.00 is trading 0.5% below its estimated GF Value™ of €19.09. GuruFocus considers East Japan Railway Co to be Fairly Valued.

Key valuation signals for FRA:EJR:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €19.09 vs. price of €19.00 (0.5% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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.
78GF 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.

€19.00
Price
€19.09
GF Value