Keisei Electric Railway Co (TSE:9009) Cyclically Adjusted PS Ratio: 2.23 (As of Aug. 14, 2026) — 10% Below Median

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TSE:9009 Keisei Electric Railway Co Ltd TSE:9009
76 GF Score
Price 円1,280.00
GF Value 円1,742.19
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Keisei Electric Railway Co Cyclically Adjusted PS Ratio?

Keisei Electric Railway Co TSE:9009 +0.51% 76 Cyclically Adjusted PS Ratio is 2.23 as of Aug. 14, 2026, which is 10% below its 10-year median of 2.47. GuruFocus rates TSE:9009 with a GF Score™ of 76/100 and a GF Value™ of 円1,742.19 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 764 Transportation companies, Keisei Electric Railway Co ranks worse than 74.61% on this metric.

As of today (2026-08-14), Keisei Electric Railway Co's current share price is 円1280.00. Keisei Electric Railway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円573.97. Keisei Electric Railway Co's Cyclically Adjusted PS Ratio for today is 2.23.

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

TSE:9009' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.71   Med: 2.47   Max: 4.75
Current: 2.24

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.

TSE:9009's Cyclically Adjusted PS Ratio is ranked worse than
74.61% of 764 companies
in the Transportation industry
Industry Median: 0.915 vs TSE:9009: 2.24

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 円175.950. 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 円573.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keisei Electric Railway Co  (TSE:9009) 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

TSE:9009 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.


TSE:9009
76GF Score
Keisei Electric Railway Co Ltd TSE:9009
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
=1280.00/573.97
=2.23

* 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)
=175.95/112.7000*112.7000
=175.950

Current CPI (Mar. 2026) = 112.7000.

Keisei Electric Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 120.439 98.100 138.364
201609 118.958 98.000 136.802
201612 118.121 98.400 135.287
201703 119.547 98.100 137.339
201706 123.998 98.500 141.874
201709 123.639 98.800 141.034
201712 121.241 99.400 137.463
201803 133.313 99.200 151.455
201806 125.928 99.200 143.065
201809 129.909 99.900 146.554
201812 127.295 99.700 143.893
201903 131.929 99.700 149.131
201906 138.570 99.800 156.481
201909 133.199 100.100 149.965
201912 138.548 100.500 155.367
202003 131.163 100.300 147.379
202006 91.775 99.900 103.534
202009 104.882 99.900 118.320
202012 110.412 99.300 125.312
202103 98.240 99.900 110.827
202106 102.686 99.500 116.309
202109 103.318 100.100 116.323
202112 110.985 100.100 124.955
202203 101.124 101.100 112.727
202206 119.748 101.800 132.570
202209 116.963 103.100 127.854
202212 131.588 104.100 142.459
202303 132.590 104.400 143.131
202306 144.226 105.200 154.508
202309 150.230 106.200 159.425
202312 148.593 106.800 156.802
202403 148.417 107.200 156.032
202406 127.487 108.200 132.789
202409 159.432 108.900 164.995
202412 164.271 110.700 167.239
202503 168.233 111.100 170.656
202506 172.842 111.700 174.389
202509 168.579 112.000 169.633
202512 172.004 113.000 171.547
202603 175.950 112.700 175.950

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 2.23 mean?
Keisei Electric Railway Co (TSE:9009) has a Cyclically Adjusted PS Ratio of 2.23 as of Aug. 14, 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 #570 out of 764 companies in the Transportation industry, placing it in the top 74.6%.
Is Keisei Electric Railway Co's Cyclically Adjusted PS Ratio too high?
Keisei Electric Railway Co's current Cyclically Adjusted PS Ratio of 2.23 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 0.92. Keisei Electric Railway Co's value of 2.23 is 143.7% above this industry median. Based on the distribution chart, Keisei Electric Railway Co ranks #570 out of 764 companies in the Transportation industry, which is below the industry midpoint. Overall, Keisei Electric Railway Co has a GF Score™ of 76/100 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 #570 out of 764 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 0.92. Keisei Electric Railway Co's value of 2.23 is 143.7% 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 0.92, 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 0.92, 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. Keisei Electric Railway Co's current Cyclically Adjusted PS Ratio of 2.23 is 143.7% 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 0.92 — 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 2.23, 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 (TSE:9009) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,742.19, compared to a current price of 円1,280.00 — trading 26.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.23, which is 10% below median its 10-year median of 2.47 and 143.7% above the Transportation industry median of 0.92. Keisei Electric Railway Co's overall GF Score™ is 76/100 with 5 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 (TSE:9009), the current Cyclically Adjusted PS Ratio is 2.23 as of Aug. 14, 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 (TSE:9009) Overvalued in 2026?

Based on GuruFocus' analysis, Keisei Electric Railway Co stock appears to be undervalued. The current stock price of 円1,280.00 is trading 26.5% below its estimated GF Value™ of 円1,742.19. GuruFocus considers Keisei Electric Railway Co to be Modestly Undervalued.

Key valuation signals for TSE:9009:

  • Cyclically Adjusted PS Ratio: 2.23 (10% below median its 10-year median of 2.47)
  • GF Value™: 円1,742.19 vs. price of 円1,280.00 (26.5% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 143.7% above the Transportation median (#570 of 764)

No single metric tells the full story. See the TSE:9009 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:USAKEI:Germany
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.
76GF Score

Get the complete analysis for TSE:9009

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

円1,280.00
Price
円1,742.19
GF Value