West Japan Railway Co (NGO:9021) ROCE %: 1.23% (As of Mar. 2026)


NGO:9021 West Japan Railway Co NGO:9021
63 GF Score
Price 円2,501.00
GF Value 円3,301.22
! 3 Warning Signs
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What is West Japan Railway Co ROCE %?

West Japan Railway Co NGO:9021 63 ROCE % is 1.23% as of Mar. 2026. GuruFocus rates NGO:9021 with a GF Score™ of 63/100 and a GF Value™ of 円3,301.22. The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. West Japan Railway Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 1.23%.

West Japan Railway Co  (NGO:9021) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

West Japan Railway Co ROCE % Related Terms

West Japan Railway Co ROCE % Historical Data

* Premium members only.

The historical data trend for West Japan Railway Co's ROCE % 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 ROCE % Chart

West Japan Railway Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.80 3.02 5.38 6.01 6.41

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
ROCE % 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 0.42 8.92 7.84 7.83 1.23
NGO:9021
63GF Score
West Japan Railway Co NGO:9021
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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West Japan Railway Co ROCE % Calculation

West Japan Railway Co's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=200677/( ( (3752359 - 698552) + (3986721 - 777268) )/ 2 )
=200677/( (3053807+3209453)/ 2 )
=200677/3131630
=6.41 %

West Japan Railway Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=39432/( ( (3848680 - 669449) + (3986721 - 777268) )/ 2 )
=39432/( ( 3179231 + 3209453 )/ 2 )
=39432/3194342
=1.23 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 1.23% mean?
West Japan Railway Co (NGO:9021) has a ROCE % of 1.23% as of Mar. 2026.
Is West Japan Railway Co's ROCE % too high?
West Japan Railway Co's current ROCE % is 1.23%. The Transportation industry median ROCE % is 7.73. West Japan Railway Co's value of 1.23% is 84.1% below this industry median. Overall, West Japan Railway Co has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does West Japan Railway Co's ROCE % compare to UNP and CSX?
West Japan Railway Co's ROCE % of 1.23% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. West Japan Railway Co's value of 1.23% is 84.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 989 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. West Japan Railway Co's current ROCE % of 1.23% is 84.1% below 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Japan Railway Co's current ROCE % is 1.23%. 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 (NGO:9021) has a current ROCE % of 1.23%. The stock's GF Value™ is 円3,301.22, compared to a current price of 円2,501.00 — trading 24.2% below its estimated fair value. The current ROCE % is 1.23% and 84.1% below the Transportation industry median of 7.73. West Japan Railway Co's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For West Japan Railway Co (NGO:9021), the current ROCE % is 1.23% 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 (NGO:9021) Overvalued in 2026?

Based on GuruFocus' analysis, West Japan Railway Co stock appears to be undervalued. The current stock price of 円2,501.00 is trading 24.2% below its estimated GF Value™ of 円3,301.22.

Key valuation signals for NGO:9021:

  • ROCE %: 1.23%
  • GF Value™: 円3,301.22 vs. price of 円2,501.00 (24.2% below fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 84.1% below the Transportation median

No single metric tells the full story. See the NGO:9021 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.
63GF Score

Get the complete analysis for NGO:9021

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

円2,501.00
Price
円3,301.22
GF Value