Central Japan Railway Co (MEX:9022N) Cyclically Adjusted PS Ratio: 2.29 (As of Aug. 15, 2026) — 11% 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.

MEX:9022N Central Japan Railway Co MEX:9022N
87 GF Score
Price MXN444.36
GF Value MXN499.34
! 2 Warning Signs
View Full Analysis

What is Central Japan Railway Co Cyclically Adjusted PS Ratio?

Central Japan Railway Co MEX:9022N 87 Cyclically Adjusted PS Ratio is 2.29 as of Aug. 15, 2026, which is 11% above its 10-year median of 2.06. GuruFocus rates MEX:9022N with a GF Score™ of 87/100 and a GF Value™ of MXN499.34. The stock has 2 warning signs investors should review. Among 764 Transportation companies, Central Japan Railway Co ranks worse than 74.08% on this metric.

As of today (2026-08-15), Central Japan Railway Co's current share price is MXN444.358. Central Japan Railway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN193.98. Central Japan Railway Co's Cyclically Adjusted PS Ratio for today is 2.29.

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

MEX:9022N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.06   Max: 2.97
Current: 2.17

During the past years, Central Japan Railway Co's highest Cyclically Adjusted PS Ratio was 2.97. The lowest was 1.46. And the median was 2.06.

MEX:9022N's Cyclically Adjusted PS Ratio is ranked worse than
74.08% of 764 companies
in the Transportation industry
Industry Median: 0.915 vs MEX:9022N: 2.17

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.

Central Japan Railway Co's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN57.736. 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 MXN193.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Central Japan Railway Co  (MEX:9022N) 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.


Central Japan Railway Co Cyclically Adjusted PS Ratio Related Terms


Central Japan Railway Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Central 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.

Central Japan Railway Co Cyclically Adjusted PS Ratio Chart

Central 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 1.94 1.90 2.21 1.63 2.29

Central 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 1.83 2.40 2.43 2.29 0.00

MEX:9022N vs UNP, CSX, NSC: Cyclically Adjusted PS Ratio Comparison

For the Railroads subindustry, Central 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.


Central Japan Railway Co Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


MEX:9022N
87GF Score
Central Japan Railway Co MEX:9022N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Central 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=444.358/193.98
=2.29

* 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.

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

For example, Central 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)
=57.736/112.7000*112.7000
=57.736

Current CPI (Mar. 2026) = 112.7000.

Central Japan Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 75.497 98.100 86.733
201609 85.629 98.000 98.473
201612 81.662 98.400 93.530
201703 74.248 98.100 85.298
201706 72.415 98.500 82.855
201709 76.972 98.800 87.801
201712 83.914 99.400 95.142
201803 78.325 99.200 88.984
201806 81.720 99.200 92.841
201809 80.042 99.900 90.298
201812 87.438 99.700 98.839
201903 83.745 99.700 94.665
201906 85.453 99.800 96.499
201909 90.629 100.100 102.037
201912 86.751 100.500 97.282
202003 87.985 100.300 98.863
202006 28.131 99.900 31.735
202009 44.537 99.900 50.243
202012 51.704 99.300 58.681
202103 42.132 99.900 47.530
202106 33.187 99.500 37.590
202109 39.137 100.100 44.063
202112 54.840 100.100 61.743
202203 42.448 101.100 47.318
202206 47.212 101.800 52.267
202209 46.338 103.100 50.653
202212 56.541 104.100 61.212
202303 52.233 104.400 56.386
202306 48.696 105.200 52.168
202309 50.582 106.200 53.678
202312 54.570 106.800 57.585
202403 49.240 107.200 51.766
202406 51.336 108.200 53.471
202409 61.391 108.900 63.533
202412 68.095 110.700 69.325
202503 64.693 111.100 65.625
202506 63.476 111.700 64.044
202509 63.986 112.000 64.386
202512 63.173 113.000 63.005
202603 57.736 112.700 57.736

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 2.29 mean?
Central Japan Railway Co (MEX:9022N) has a Cyclically Adjusted PS Ratio of 2.29 as of Aug. 15, 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 Central Japan Railway Co and its competitors. This is 11% above median its historical median of 2.06. Over the past decade, Central Japan Railway Co's Cyclically Adjusted PS Ratio has ranged from 1.46 to 2.97. According to the industry distribution chart, Central Japan Railway Co ranks #566 out of 764 companies in the Transportation industry, placing it in the top 74.1%.
Is Central Japan Railway Co's Cyclically Adjusted PS Ratio too high?
Central Japan Railway Co's current Cyclically Adjusted PS Ratio of 2.29 is 11% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 2.97. The Transportation industry median Cyclically Adjusted PS Ratio is 0.92. Central Japan Railway Co's value of 2.29 is 150.3% above this industry median. Based on the distribution chart, Central Japan Railway Co ranks #566 out of 764 companies in the Transportation industry, which is below the industry midpoint. Overall, Central Japan Railway Co has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Central Japan Railway Co's Cyclically Adjusted PS Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Central Japan Railway Co ranks #566 out of 764 companies for Cyclically Adjusted PS Ratio. This places Central Japan Railway Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.92. Central Japan Railway Co's value of 2.29 is 150.3% above this benchmark. Historically, Central Japan Railway Co's own Cyclically Adjusted PS Ratio has ranged from 1.46 to 2.97 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 0.92, Central 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 0.92, based on 764 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. Central Japan Railway Co's current Cyclically Adjusted PS Ratio of 2.29 is 150.3% 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 Central Japan Railway Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Japan Railway Co's current Cyclically Adjusted PS Ratio is 2.29, which is 11% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Japan Railway Co stock overvalued right now?
Central Japan Railway Co (MEX:9022N) has a current Cyclically Adjusted PS Ratio of 2.29. The stock's GF Value™ is MXN499.34, compared to a current price of MXN444.36 — trading 11% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.29, which is 11% above median its 10-year median of 2.06 and 150.3% above the Transportation industry median of 0.92. Central Japan Railway Co's overall GF Score™ is 87/100 with 2 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 Central Japan Railway Co (MEX:9022N), the current Cyclically Adjusted PS Ratio is 2.29 as of Aug. 15, 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 Central Japan Railway Co (MEX:9022N) Overvalued in 2026?

Based on GuruFocus' analysis, Central Japan Railway Co stock appears to be undervalued. The current stock price of MXN444.36 is trading 11% below its estimated GF Value™ of MXN499.34.

Key valuation signals for MEX:9022N:

  • Cyclically Adjusted PS Ratio: 2.29 (11% above median its 10-year median of 2.06)
  • GF Value™: MXN499.34 vs. price of MXN444.36 (11% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 150.3% above the Transportation median (#566 of 764)

No single metric tells the full story. See the MEX:9022N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Central Japan Railway Co Business Description

Address 1-1-4 Meieki, JR Central Towers, Nakamura-ku, Aichi Prefecture, Nagoya, JPN, 450-6101
Central Japan Railway Company, or JR Central, is the main railway operator in Nagoya and the Chubu region in central Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main asset is the Tokaido Shinkansen, which spans Japan's most wealthy and populous area and links Tokyo, Yokohama, Nagoya, Kyoto, and Osaka. It contributes three-fourths of revenue, with most of the balance from merchandise, conventional train lines, and real estate.
87GF Score

Get the complete analysis for MEX:9022N

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

MXN444.36
Price
MXN499.34
GF Value