West Japan Railway Co (MEX:9021N) PE Ratio: 20.34 (As of Jul. 24, 2026) — 37% 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:9021N West Japan Railway Co MEX:9021N
64 GF Score
Price MXN702.20
GF Value MXN828.04
! 3 Warning Signs
View Full Analysis

What is West Japan Railway Co PE Ratio?

West Japan Railway Co MEX:9021N 64 PE Ratio is 20.34 as of Jul. 24, 2026, which is 37% above its 10-year median of 14.82. GuruFocus rates MEX:9021N with a GF Score™ of 64/100 and a GF Value™ of MXN828.04. The stock has 3 warning signs investors should review.

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-24), West Japan Railway Co's share price is MXN702.20. West Japan Railway Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN34.53. Therefore, West Japan Railway Co's PE Ratio for today is 20.34.

During the past 13 years, West Japan Railway Co's highest PE Ratio was 91.32. The lowest was 9.03. And the median was 14.82.

West Japan Railway Co's EPS (Diluted) for the three months ended in Mar. 2026 was MXN1.69. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN34.53.

As of today (2026-07-24), West Japan Railway Co's share price is MXN702.20. West Japan Railway Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was MXN35.36. Therefore, West Japan Railway Co's PE Ratio without NRI ratio for today is 19.86.

During the past 13 years, West Japan Railway Co's highest PE Ratio without NRI was 266.71. The lowest was 8.79. And the median was 13.33.

West Japan Railway Co's EPS without NRI for the three months ended in Mar. 2026 was MXN0.83. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was MXN35.36.

During the past 12 months, West Japan Railway Co's average EPS without NRI Growth Rate was 18.00% per year. During the past 3 years, the average EPS without NRI Growth Rate was 16.60% per year.

During the past 13 years, West Japan Railway Co's highest 3-Year average EPS without NRI Growth Rate was 31.80% per year. The lowest was -16.70% per year. And the median was 15.65% per year.

West Japan Railway Co's EPS (Basic) for the three months ended in Mar. 2026 was MXN1.69. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN34.31.

Back to Basics: PE Ratio


West Japan Railway Co  (MEX:9021N) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


West Japan Railway Co PE Ratio Related Terms


West Japan Railway Co PE Ratio Historical Data

* Premium members only.

The historical data trend for West Japan Railway Co's PE 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 PE Ratio Chart

West Japan Railway Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A 15.02 15.48 12.15 11.26

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
PE 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 12.15 12.43 11.51 11.93 11.26

MEX:9021N vs UNP, CSX, NSC: PE Ratio Comparison

For the Railroads subindustry, West Japan Railway Co's PE Ratio, along with its competitors' market caps and PE 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 PE Ratio vs Transportation Industry

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

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


MEX:9021N
64GF Score
West Japan Railway Co MEX:9021N
PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

West Japan Railway Co PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

West Japan Railway Co's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=702.20/34.528
=20.34

West Japan Railway Co's Share Price of today is MXN702.20.
West Japan Railway Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN34.53.


* 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.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio →
What does a PE Ratio of 20.34 mean?
West Japan Railway Co (MEX:9021N) has a PE Ratio of 20.34 as of Jul. 24, 2026. P/E ratio is the ratio of share price to a company's earnings per share. View historical data on West Japan Railway Co and its competitors. This is 37% above median its historical median of 14.82. Over the past decade, West Japan Railway Co's PE Ratio has ranged from 9.03 to 91.32.
Is West Japan Railway Co's PE Ratio too high?
West Japan Railway Co's current PE Ratio of 20.34 is 37% above median its 10-year median of 14.82. Over the past 10 years, this metric has ranged from a low of 9.03 to a high of 91.32. Overall, West Japan Railway Co has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does West Japan Railway Co's PE Ratio compare to UNP and CSX?
West Japan Railway Co's PE Ratio of 20.34 can be compared against companies in the Transportation industry. Historically, West Japan Railway Co's own PE Ratio has ranged from 9.03 to 91.32 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio for a Transportation company?
A good PE Ratio depends on the Transportation industry context. However, PE Ratio 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 PE Ratio mean?
A high PE Ratio can signal that a stock is expensive relative to its fundamentals. P/E ratio is the ratio of share price to a company's earnings per share. View historical data on West Japan Railway Co and its competitors. West Japan Railway Co's current PE Ratio is 20.34, which is 37% above median its own 10-year median of 14.82. 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?
West Japan Railway Co (MEX:9021N) has a current PE Ratio of 20.34. The stock's GF Value™ is MXN828.04, compared to a current price of MXN702.20 — trading 15.2% below its estimated fair value. The current PE Ratio is 20.34, which is 37% above median its 10-year median of 14.82. West Japan Railway Co's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio calculated?
PE Ratio is calculated from a company's financial statements. For West Japan Railway Co (MEX:9021N), the current PE Ratio is 20.34 as of Jul. 24, 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 (MEX:9021N) Overvalued in 2026?

Based on GuruFocus' analysis, West Japan Railway Co stock appears to be undervalued. The current stock price of MXN702.20 is trading 15.2% below its estimated GF Value™ of MXN828.04.

Key valuation signals for MEX:9021N:

  • PE Ratio: 20.34 (37% above median its 10-year median of 14.82)
  • GF Value™: MXN828.04 vs. price of MXN702.20 (15.2% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the MEX:9021N 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.
64GF Score

Get the complete analysis for MEX:9021N

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

MXN702.20
Price
MXN828.04
GF Value