East Japan Railway Co (HAM:EJR) Cyclically Adjusted PS Ratio: (As of Aug. 31, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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HAM:EJR East Japan Railway Co HAM:EJR
48 GF Score
Price €19.00
GF Value €10.36
Valuation Significantly Overvalued
! 3 Warning Signs
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What is East Japan Railway Co Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


East Japan Railway Co  (HAM: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

HAM: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.


HAM:EJR
48GF Score
East Japan Railway Co HAM: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 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)
=747.777/330.2130*330.2130
=747.777

Current CPI (Mar. 2026) = 330.2130.

East Japan Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 595.314 241.018 815.625
201609 630.369 241.428 862.187
201612 621.555 241.432 850.117
201703 616.075 243.801 834.435
201706 612.081 244.955 825.119
201709 649.562 246.819 869.033
201712 641.070 246.524 858.698
201803 642.262 249.554 849.849
201806 631.136 251.989 827.057
201809 663.044 252.439 867.321
201812 668.600 251.233 878.787
201903 653.842 254.202 849.353
201906 650.689 256.143 838.852
201909 683.238 256.759 878.700
201912 658.895 256.974 846.684
202003 599.600 258.115 767.083
202006 294.194 257.797 376.834
202009 401.468 260.280 509.336
202012 458.565 260.474 581.341
202103 404.975 264.877 504.868
202106 382.955 271.696 465.435
202109 392.714 274.310 472.747
202112 534.544 278.802 633.114
202203 438.425 287.504 503.553
202206 492.719 296.311 549.093
202209 492.575 296.808 548.013
202212 541.404 296.797 602.360
202303 600.247 301.836 656.679
202306 557.100 305.109 602.938
202309 593.289 307.789 636.513
202312 620.582 306.746 668.058
202403 645.123 312.332 682.056
202406 606.949 314.175 637.933
202409 626.212 315.301 655.828
202412 646.123 315.605 676.029
202503 673.211 319.799 695.134
202506 588.973 322.561 602.945
202509 661.475 324.800 672.499
202512 687.647 324.054 700.716
202603 747.777 330.213 747.777

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 (HAM:EJR) Overvalued in 2026?

Based on GuruFocus' analysis, East Japan Railway Co stock appears to be overvalued. The current stock price of €19.00 is trading 83.4% above its estimated GF Value™ of €10.36. GuruFocus considers East Japan Railway Co to be Significantly Overvalued.

Key valuation signals for HAM:EJR:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €10.36 vs. price of €19.00 (83.4% above fair value)
  • GF Score™: 48/100 with 3 warning signs

No single metric tells the full story. See the HAM: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.
48GF Score

Get the complete analysis for HAM:EJR

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

€19.00
Price
€10.36
GF Value