West Japan Railway Co (STU:WEJ) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.

STU:WEJ West Japan Railway Co STU:WEJ
68 GF Score
Price €16.80
GF Value €19.41
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is West Japan Railway Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


West Japan Railway Co  (STU:WEJ) 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.


West Japan Railway Co Cyclically Adjusted PS Ratio Related Terms


West Japan Railway Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for West 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.

West Japan Railway Co Cyclically Adjusted PS Ratio Chart

West 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 0.66 0.67 0.70 0.65 0.63

West 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 0.69 0.67 0.61 0.63 0.54

STU:WEJ vs UNP, CSX, NSC: Cyclically Adjusted PS Ratio Comparison

For the Railroads subindustry, West 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.


West Japan Railway Co Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


STU:WEJ
68GF Score
West Japan Railway Co STU:WEJ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

West 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.

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

For example, West 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)
=5.033/113.6000*113.6000
=5.033

Current CPI (Jun. 2026) = 113.6000.

West Japan Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.189 98.000 9.493
201612 8.006 98.400 9.243
201703 8.010 98.100 9.276
201706 7.444 98.500 8.585
201709 7.425 98.800 8.537
201712 7.466 99.400 8.533
201803 7.550 99.200 8.646
201806 7.177 99.200 8.219
201809 7.534 99.900 8.567
201812 7.921 99.700 9.025
201903 8.318 99.700 9.478
201906 7.705 99.800 8.770
201909 8.682 100.100 9.853
201912 8.466 100.500 9.570
202003 7.765 100.300 8.795
202006 4.076 99.900 4.635
202009 4.592 99.900 5.222
202012 5.238 99.300 5.992
202103 5.487 99.900 6.239
202106 4.007 99.500 4.575
202109 4.554 100.100 5.168
202112 4.624 100.100 5.248
202203 4.731 101.100 5.316
202206 4.413 101.800 4.925
202209 4.707 103.100 5.186
202212 5.095 104.100 5.560
202303 6.076 104.400 6.611
202306 5.067 105.200 5.472
202309 5.226 106.200 5.590
202312 5.475 106.800 5.824
202403 5.611 107.200 5.946
202406 4.960 108.200 5.208
202409 5.276 108.900 5.504
202412 5.679 110.700 5.828
202503 6.126 111.100 6.264
202506 5.578 111.700 5.673
202509 5.639 112.000 5.720
202512 5.730 113.000 5.760
202603 6.062 112.700 6.110
202606 5.033 113.600 5.033

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 West Japan Railway Co (STU:WEJ) Overvalued in 2026?

Based on GuruFocus' analysis, West Japan Railway Co stock appears to be undervalued. The current stock price of €16.80 is trading 13.4% below its estimated GF Value™ of €19.41. GuruFocus considers West Japan Railway Co to be Modestly Undervalued.

Key valuation signals for STU:WEJ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €19.41 vs. price of €16.80 (13.4% below fair value)
  • GF Score™: 68/100 with 3 warning signs

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


West Japan Railway Co Business Description

Address 2-4-24 Shibata, Kita-ku, Osaka, JPN, 530-8341
West Japan Railway, or JR West, is the main railway operator in Western Japan, headquartered in Osaka. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main assets are the Sanyo Shinkansen, which stretches from Osaka to Fukuoka, and the urban rail network in the Osaka-Kobe-Kyoto metropolitan area. Its nearly 5,000 kilometers of rail track covers a third of Japan's population and a fifth of its land area. Rail operations contribute more than half of revenue, with most of the balance from retail operations, real estate investments, travel agencies, and hotels.
68GF Score

Get the complete analysis for STU:WEJ

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

€16.80
Price
€19.41
GF Value