West Japan Railway CoFRA:WEJ -3.42%61 Piotroski F-Score is 8 as of Jul. 02, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates FRA:WEJ with a GF Score™ of 61/100 and a GF Value™ of €18.88 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 974 Transportation companies, West Japan Railway Co ranks better than 97.43% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
West Japan Railway Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for West Japan Railway Co's Piotroski F-Score or its related term are showing as below:
FRA:WEJ'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of West Japan Railway Co was 8. The lowest was 3. And the median was 7.
West Japan Railway Co (FRA:WEJ) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
West Japan Railway Co Piotroski F-Score Related Terms
West Japan Railway Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for West Japan Railway Co's Piotroski F-Score 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.
FRA:WEJ vs UNP, CSX, NSC: Piotroski F-Score Comparison
For the Railroads subindustry, West Japan Railway Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, West Japan Railway Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where West Japan Railway Co's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
West Japan Railway Co's current Net Income (TTM) was 695.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
West Japan Railway Co's current Cash Flow from Operations (TTM) was 1,971.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
West Japan Railway Co's return on assets of this year was 0.02984706. West Japan Railway Co's return on assets of last year was 0.03046563.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
West Japan Railway Co's gearing of this year was 0.34005561. West Japan Railway Co's gearing of last year was 0.34389107.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
West Japan Railway Co's current ratio of this year was 1.03407184. West Japan Railway Co's current ratio of last year was 0.88369801.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
West Japan Railway Co's number of shares in issue this year was 459.081. West Japan Railway Co's number of shares in issue last year was 474.675.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
West Japan Railway Co's gross margin of this year was 0.2504643. West Japan Railway Co's gross margin of last year was 0.24484581.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
West Japan Railway Co's asset turnover of this year was 0.43210429. West Japan Railway Co's asset turnover of last year was 0.45660322.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
West Japan Railway Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
West Japan Railway Co (FRA:WEJ) has a Piotroski F-Score of 8 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on West Japan Railway Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, West Japan Railway Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, West Japan Railway Co ranks #25 out of 974 companies in the Transportation industry, placing it in the top 2.6%.
Is West Japan Railway Co's Piotroski F-Score too high?
West Japan Railway Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. West Japan Railway Co's value of 8 is 33.3% above this industry median. Based on the distribution chart, West Japan Railway Co ranks #25 out of 974 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, West Japan Railway Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West Japan Railway Co's Piotroski F-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, West Japan Railway Co ranks #25 out of 974 companies for Piotroski F-Score. This places West Japan Railway Co in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. West Japan Railway Co's value of 8 is 33.3% above this benchmark. Historically, West Japan Railway Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, West 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 Piotroski F-Score for a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 974 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. West Japan Railway Co's current Piotroski F-Score of 8 is 33.3% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on West Japan Railway Co and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Japan Railway Co's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. 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 €18.88, compared to a current price of €14.10 — trading 25.3% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 33.3% above the Transportation industry median of 6.00. West Japan Railway Co's overall GF Score™ is 61/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For West Japan Railway Co (FRA:WEJ), the current Piotroski F-Score is 8 as of Jul. 02, 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 €14.10 is trading 25.3% below its estimated GF Value™ of €18.88.
GuruFocus considers West Japan Railway Co to be Modestly Undervalued.
Key valuation signals for FRA:WEJ:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: €18.88 vs. price of €14.10 (25.3% below fair value)
Industry Position: 33.3% above the Transportation median (#25 of 974)
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, 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.
61GF Score
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