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West Japan Railway Co
TSE:9021

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West Japan Railway Co
TSE:9021
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Price: 3 029 JPY -0.49% Market Closed
Market Cap: ¥1.4T

EV/EBITDA

7.2
Current
8%
Cheaper
vs 3-y median of 7.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
7.2
=
Enterprise Value
¥2.9T
/
EBITDA
¥375.7B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
7.2
=
Enterprise Value
¥2.9T
/
EBITDA
¥375.7B

Valuation Scenarios

West Japan Railway Co is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (7.8), the stock would be worth ¥3 303.15 (9% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+25%
Average Upside
16%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 7.2 ¥3 029
0%
3-Year Average 7.8 ¥3 303.15
+9%
5-Year Average 7.8 ¥3 303.15
+9%
Industry Average 9 ¥3 775.87
+25%
Country Average 8.7 ¥3 647.16
+20%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
¥2.9T
/
Jan 2026
¥375.7B
=
7.2
Current
¥2.9T
/
Mar 2026
¥388.6B
=
7.3
Forward
¥2.9T
/
Mar 2027
¥374.9B
=
7.6
Forward
¥2.9T
/
Mar 2028
¥384.5B
=
7.4
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

In line with most companies in Japan
Percentile
35th
Based on 5 051 companies
35th percentile
7.2
Low
0.1 — 6.7
Typical Range
6.7 — 12.2
High
12.2 —
Distribution Statistics
Japan
Min 0.1
30th Percentile 6.7
Median 8.7
70th Percentile 12.2
Max 214 699 781.2

West Japan Railway Co
Glance View

Market Cap
1.4T JPY
Industry
Road & Rail

Nestled in the intricate tapestry of Japan's transportation network is West Japan Railway Co., often referred to simply as JR West. Originating from the privatization of Japanese National Railways in 1987, JR West has blossomed into a pivotal player in Japan's railway system, servicing the expansive Kansai region, including the bustling metropolitan hubs of Osaka, Kobe, and Kyoto. Its operations span an extensive network of urban and rural areas, connecting people through both conventional lines and the iconic shinkansen, or bullet trains. The company thrives on transporting millions of passengers daily, with revenues primarily generated from railway operations, including passenger fares and freight services. The constant hum of JR West's trains is not just a testament to its logistical prowess but also a vital artery supporting the socio-economic dynamism of Western Japan. Yet, JR West’s narrative extends beyond the mere clatter of trains on tracks. The company has ventured into diverse business sectors, weaving a complex web of revenue streams. Real estate development has become an integral facet of its operations, with JR West adeptly leveraging its land assets by developing commercial properties around station vicinities. This strategic expansion into retail rentals, shopping centers, and office spaces embraces the concept of "station city" developments, where stations serve as central nodes for retail and leisure. Additional revenue channels flow from its involvement in the hospitality industry, with hotels catering to both domestic and international travelers, as well as its forays into further services like retail ventures within the station premises. Such diversification not only fortifies JR West’s financial foundations but also underscores its role as a multi-dimensional conglomerate shaping urban landscapes and lifestyles.

Intrinsic Value
3 933.82 JPY
Undervaluation 23%
Intrinsic Value
Price ¥3 029
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