West Japan Railway Co (FRA:WEJ) Cyclically Adjusted Revenue per Share: €20.21 (As of Mar. 2026)

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FRA:WEJ West Japan Railway Co FRA:WEJ
72 GF Score
Price €15.50
GF Value €19.22
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is West Japan Railway Co Cyclically Adjusted Revenue per Share?

West Japan Railway Co FRA:WEJ +0.65% 72 Cyclically Adjusted Revenue per Share is €20.21 as of Mar. 2026. GuruFocus rates FRA:WEJ with a GF Score™ of 72/100 and a GF Value™ of €19.22 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

West Japan Railway Co's adjusted revenue per share for the three months ended in Mar. 2026 was €6.013. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €20.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, West Japan Railway Co's average Cyclically Adjusted Revenue Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of West Japan Railway Co was 2.30% per year. The lowest was -1.40% per year. And the median was 1.05% per year.

As of today (2026-08-13), West Japan Railway Co's current stock price is €15.50. West Japan Railway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €20.21. West Japan Railway Co's Cyclically Adjusted PS Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of West Japan Railway Co was 1.35. The lowest was 0.61. And the median was 0.86.


West Japan Railway Co  (FRA:WEJ) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

West Japan Railway Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.50/20.21
=0.77

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of West Japan Railway Co was 1.35. The lowest was 0.61. And the median was 0.86.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


West Japan Railway Co Cyclically Adjusted Revenue per Share Related Terms


West Japan Railway Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for West Japan Railway Co's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

West Japan Railway Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.29 23.94 21.90 22.67 20.21

West Japan Railway Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 22.67 21.77 21.13 20.16 20.21

FRA:WEJ vs UNP, CSX, NSC: Cyclically Adjusted Revenue per Share 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.


FRA:WEJ
72GF Score
West Japan Railway Co FRA:WEJ
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

West Japan Railway Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, West 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)
=6.013/112.7000*112.7000
=6.013

Current CPI (Mar. 2026) = 112.7000.

West Japan Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.378 98.100 8.476
201609 8.189 98.000 9.417
201612 7.717 98.400 8.838
201703 8.028 98.100 9.223
201706 7.305 98.500 8.358
201709 7.327 98.800 8.358
201712 7.425 99.400 8.418
201803 7.685 99.200 8.731
201806 7.256 99.200 8.243
201809 7.465 99.900 8.421
201812 7.980 99.700 9.021
201903 8.283 99.700 9.363
201906 7.795 99.800 8.803
201909 8.743 100.100 9.844
201912 8.400 100.500 9.420
202003 7.836 100.300 8.805
202006 3.984 99.900 4.494
202009 4.579 99.900 5.166
202012 5.168 99.300 5.865
202103 5.419 99.900 6.113
202106 3.981 99.500 4.509
202109 3.716 100.100 4.184
202112 4.669 100.100 5.257
202203 4.727 101.100 5.269
202206 4.304 101.800 4.765
202209 4.620 103.100 5.050
202212 5.139 104.100 5.564
202303 6.032 104.400 6.512
202306 4.947 105.200 5.300
202309 5.210 106.200 5.529
202312 5.358 106.800 5.654
202403 5.552 107.200 5.837
202406 4.895 108.200 5.099
202409 5.440 108.900 5.630
202412 5.664 110.700 5.766
202503 6.043 111.100 6.130
202506 5.485 111.700 5.534
202509 5.535 112.000 5.570
202512 5.564 113.000 5.549
202603 6.013 112.700 6.013

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €20.21 mean?
West Japan Railway Co (FRA:WEJ) has a Cyclically Adjusted Revenue per Share of €20.21 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on West Japan Railway Co and its competitors.
Is West Japan Railway Co's Cyclically Adjusted Revenue per Share too high?
West Japan Railway Co's current Cyclically Adjusted Revenue per Share is €20.21. Overall, West Japan Railway Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West Japan Railway Co's Cyclically Adjusted Revenue per Share compare to UNP and CSX?
West Japan Railway Co's Cyclically Adjusted Revenue per Share of €20.21 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on West Japan Railway Co and its competitors. West Japan Railway Co's current Cyclically Adjusted Revenue per Share is €20.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Japan Railway Co stock overvalued right now?
Based on GuruFocus' analysis, West Japan Railway Co (FRA:WEJ) is currently considered Modestly Undervalued. The stock's GF Value™ is €19.22, compared to a current price of €15.50 — trading 19.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €20.21. West Japan Railway Co's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For West Japan Railway Co (FRA:WEJ), the current Cyclically Adjusted Revenue per Share is €20.21 as of Mar. 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 West Japan Railway Co (FRA:WEJ) Overvalued in 2026?

Based on GuruFocus' analysis, West Japan Railway Co stock appears to be undervalued. The current stock price of €15.50 is trading 19.4% below its estimated GF Value™ of €19.22. GuruFocus considers West Japan Railway Co to be Modestly Undervalued.

Key valuation signals for FRA:WEJ:

  • Cyclically Adjusted Revenue per Share: €20.21
  • GF Value™: €19.22 vs. price of €15.50 (19.4% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the FRA: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.
72GF Score

Get the complete analysis for FRA:WEJ

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

€15.50
Price
€19.22
GF Value