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West Japan Railway Co (TSE:9021) Cyclically Adjusted PS Ratio : 0.87 (As of May. 14, 2024)


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What is West Japan Railway Co Cyclically Adjusted PS Ratio?

As of today (2024-05-14), West Japan Railway Co's current share price is 円3129.00. West Japan Railway Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円3,592.22. West Japan Railway Co's Cyclically Adjusted PS Ratio for today is 0.87.

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

TSE:9021' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 0.91   Max: 1.35
Current: 0.87

During the past years, West Japan Railway Co's highest Cyclically Adjusted PS Ratio was 1.35. The lowest was 0.61. And the median was 0.91.

TSE:9021's Cyclically Adjusted PS Ratio is ranked worse than
50.95% of 738 companies
in the Transportation industry
Industry Median: 0.85 vs TSE:9021: 0.87

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 adjusted revenue per share data for the three months ended in Dec. 2023 was 円870.748. 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3,592.22 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


West Japan Railway Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for West Japan 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.

* Premium members only.

West Japan Railway Co Cyclically Adjusted PS Ratio Chart

West Japan Railway Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.85 0.72 0.77 -

West Japan Railway Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.77 0.84 0.86 0.82 -

Competitive Comparison of West Japan Railway Co's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



West Japan 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3129.00/3592.22
=0.87

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, West Japan Railway Co's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=870.748/106.8000*106.8000
=870.748

Current CPI (Dec. 2023) = 106.8000.

West Japan Railway Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 891.034 95.700 994.383
201406 814.070 98.000 887.170
201409 868.471 98.500 941.652
201412 891.574 97.900 972.626
201503 912.926 97.900 995.919
201506 881.646 98.400 956.908
201509 950.471 98.500 1,030.561
201512 946.288 98.100 1,030.210
201603 969.686 97.900 1,057.839
201606 873.294 98.100 950.742
201609 935.472 98.000 1,019.474
201612 944.314 98.400 1,024.926
201703 969.477 98.100 1,055.455
201706 910.426 98.500 987.142
201709 967.390 98.800 1,045.721
201712 992.353 99.400 1,066.230
201803 1,004.847 99.200 1,081.831
201806 933.010 99.200 1,004.491
201809 976.390 99.900 1,043.828
201812 1,018.568 99.700 1,091.104
201903 1,040.287 99.700 1,114.370
201906 951.897 99.800 1,018.663
201909 1,035.527 100.100 1,104.838
201912 1,018.282 100.500 1,082.115
202003 932.241 100.300 992.655
202006 482.660 99.900 515.997
202009 569.503 99.900 608.838
202012 652.540 99.300 701.825
202103 701.219 99.900 749.652
202106 528.148 99.500 566.897
202109 481.535 100.100 513.766
202112 600.609 100.100 640.810
202203 617.359 101.100 652.166
202206 609.459 101.800 639.393
202209 655.373 103.100 678.893
202212 734.492 104.100 753.542
202303 863.169 104.400 883.012
202306 757.679 105.200 769.203
202309 821.961 106.200 826.605
202312 870.748 106.800 870.748

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.


West Japan Railway Co  (TSE:9021) 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.


West Japan Railway Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of West Japan Railway Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


West Japan Railway Co (TSE:9021) Business Description

Traded in Other Exchanges
Address
4-24, Shibata 2-chome, 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.

West Japan Railway Co (TSE:9021) Headlines

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