Keisei Electric Railway Co (FRA:KEI) Cyclically Adjusted PS Ratio: 2.22 (As of Aug. 08, 2026) — 10% Below Median

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FRA:KEI Keisei Electric Railway Co Ltd FRA:KEI
74 GF Score
Price €6.95
GF Value €9.44
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Keisei Electric Railway Co Cyclically Adjusted PS Ratio?

Keisei Electric Railway Co FRA:KEI +0.72% 74 Cyclically Adjusted PS Ratio is 2.22 as of Aug. 08, 2026, which is 10% below its 10-year median of 2.47. GuruFocus rates FRA:KEI with a GF Score™ of 74/100 and a GF Value™ of €9.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 763 Transportation companies, Keisei Electric Railway Co ranks worse than 74.18% on this metric.

As of today (2026-08-08), Keisei Electric Railway Co's current share price is €6.95. Keisei Electric Railway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €3.13. Keisei Electric Railway Co's Cyclically Adjusted PS Ratio for today is 2.22.

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

FRA:KEI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.71   Med: 2.47   Max: 4.75
Current: 2.2

During the past years, Keisei Electric Railway Co's highest Cyclically Adjusted PS Ratio was 4.75. The lowest was 1.71. And the median was 2.47.

FRA:KEI's Cyclically Adjusted PS Ratio is ranked worse than
74.18% of 763 companies
in the Transportation industry
Industry Median: 0.9 vs FRA:KEI: 2.20

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.

Keisei Electric Railway Co's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.959. 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 €3.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keisei Electric Railway Co  (FRA:KEI) 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.


Keisei Electric Railway Co Cyclically Adjusted PS Ratio Related Terms


Keisei Electric Railway Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Keisei Electric 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.

Keisei Electric Railway Co Cyclically Adjusted PS Ratio Chart

Keisei Electric 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 2.30 2.68 3.90 2.44 2.05

Keisei Electric 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 2.42 2.43 2.26 2.05 0.00

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

For the Railroads subindustry, Keisei Electric 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.


Keisei Electric Railway Co Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


FRA:KEI
74GF Score
Keisei Electric Railway Co Ltd FRA:KEI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keisei Electric 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.

Keisei Electric Railway Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.95/3.13
=2.22

* 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.

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

For example, Keisei Electric 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)
=0.959/112.7000*112.7000
=0.959

Current CPI (Mar. 2026) = 112.7000.

Keisei Electric Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.017 98.100 1.168
201609 1.041 98.000 1.197
201612 0.965 98.400 1.105
201703 0.990 98.100 1.137
201706 0.995 98.500 1.138
201709 0.936 98.800 1.068
201712 0.907 99.400 1.028
201803 1.020 99.200 1.159
201806 0.979 99.200 1.112
201809 0.993 99.900 1.120
201812 0.997 99.700 1.127
201903 1.051 99.700 1.188
201906 1.135 99.800 1.282
201909 1.125 100.100 1.267
201912 1.143 100.500 1.282
202003 1.102 100.300 1.238
202006 0.758 99.900 0.855
202009 0.843 99.900 0.951
202012 0.874 99.300 0.992
202103 0.759 99.900 0.856
202106 0.774 99.500 0.877
202109 0.797 100.100 0.897
202112 0.863 100.100 0.972
202203 0.774 101.100 0.863
202206 0.846 101.800 0.937
202209 0.824 103.100 0.901
202212 0.921 104.100 0.997
202303 0.926 104.400 1.000
202306 0.942 105.200 1.009
202309 0.952 106.200 1.010
202312 0.946 106.800 0.998
202403 0.911 107.200 0.958
202406 0.750 108.200 0.781
202409 1.005 108.900 1.040
202412 1.020 110.700 1.038
202503 1.044 111.100 1.059
202506 1.037 111.700 1.046
202509 0.971 112.000 0.977
202512 0.942 113.000 0.939
202603 0.959 112.700 0.959

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 2.22 mean?
Keisei Electric Railway Co (FRA:KEI) has a Cyclically Adjusted PS Ratio of 2.22 as of Aug. 08, 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 Keisei Electric Railway Co and its competitors. This is 10% below median its historical median of 2.47. Over the past decade, Keisei Electric Railway Co's Cyclically Adjusted PS Ratio has ranged from 1.71 to 4.75. According to the industry distribution chart, Keisei Electric Railway Co ranks #566 out of 763 companies in the Transportation industry, placing it in the top 74.2%.
Is Keisei Electric Railway Co's Cyclically Adjusted PS Ratio too high?
Keisei Electric Railway Co's current Cyclically Adjusted PS Ratio of 2.22 is 10% below median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 4.75. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Keisei Electric Railway Co's value of 2.22 is 146.7% above this industry median. Based on the distribution chart, Keisei Electric Railway Co ranks #566 out of 763 companies in the Transportation industry, which is below the industry midpoint. Overall, Keisei Electric Railway Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Keisei Electric Railway Co's Cyclically Adjusted PS Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Keisei Electric Railway Co ranks #566 out of 763 companies for Cyclically Adjusted PS Ratio. This places Keisei Electric Railway Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Keisei Electric Railway Co's value of 2.22 is 146.7% above this benchmark. Historically, Keisei Electric Railway Co's own Cyclically Adjusted PS Ratio has ranged from 1.71 to 4.75 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 0.90, Keisei Electric 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. Keisei Electric Railway Co's current Cyclically Adjusted PS Ratio of 2.22 is 146.7% 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 Keisei Electric 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. Keisei Electric Railway Co's current Cyclically Adjusted PS Ratio is 2.22, which is 10% below median its own 10-year median of 2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keisei Electric Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Keisei Electric Railway Co (FRA:KEI) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.44, compared to a current price of €6.95 — trading 26.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.22, which is 10% below median its 10-year median of 2.47 and 146.7% above the Transportation industry median of 0.90. Keisei Electric Railway Co's overall GF Score™ is 74/100 with 4 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 Keisei Electric Railway Co (FRA:KEI), the current Cyclically Adjusted PS Ratio is 2.22 as of Aug. 08, 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 Keisei Electric Railway Co (FRA:KEI) Overvalued in 2026?

Based on GuruFocus' analysis, Keisei Electric Railway Co stock appears to be undervalued. The current stock price of €6.95 is trading 26.4% below its estimated GF Value™ of €9.44. GuruFocus considers Keisei Electric Railway Co to be Modestly Undervalued.

Key valuation signals for FRA:KEI:

  • Cyclically Adjusted PS Ratio: 2.22 (10% below median its 10-year median of 2.47)
  • GF Value™: €9.44 vs. price of €6.95 (26.4% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 146.7% above the Transportation median (#566 of 763)

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


Keisei Electric Railway Co Business Description

Other Exchanges KELRF:USA9009:Japan
Address 3-3-1 Yahata, Chiba Prefecture, Ichikawa, JPN, 272-8510
Keisei Electric Railway Co Ltd is a Japanese company that operates railways in Japan. The company's three segments are transportation, distribution, and real estate management. The transportation segment offers passenger transportation services by rail, bus, and taxi, and it contributes the majority of revenue. The distribution segment is engaged in operating department stores, shopping centers, and other retail stores. The company derives revenue from real estate activities such as leasing and selling its properties. It also generates additional revenue from activities ranging from real estate construction, operation of restaurants, hotels, and leisure sites to car maintenance services.
74GF Score

Get the complete analysis for FRA:KEI

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

€6.95
Price
€9.44
GF Value