West Japan Railway Co
TSE:9021
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EV/EBITDA
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.
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.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (7.8), the stock would be worth ¥3 303.15 (9% upside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 7.2 | ¥3 029 |
0%
|
| 3-Year Average | 7.8 | ¥3 303.15 |
+9%
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| 5-Year Average | 7.8 | ¥3 303.15 |
+9%
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| Industry Average | 9 | ¥3 775.87 |
+25%
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| 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 | ||
|---|---|---|---|---|
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¥2.9T
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/ |
Jan 2026
¥375.7B
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= |
|
|
¥2.9T
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/ |
Mar 2026
¥388.6B
|
= |
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¥2.9T
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/ |
Mar 2027
¥374.9B
|
= |
|
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¥2.9T
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/ |
Mar 2028
¥384.5B
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
|
West Japan Railway Co
TSE:9021
|
1.4T JPY | 7.2 | 11.5 | |
| US |
|
Union Pacific Corp
NYSE:UNP
|
149B USD | 14.5 | 20.9 | |
| US |
|
CSX Corp
NASDAQ:CSX
|
80.6B USD | 15.4 | 28 | |
| CA |
|
Canadian Pacific Railway Ltd
TSX:CP
|
98.6B CAD | 15.7 | 24 | |
| US |
|
Norfolk Southern Corp
NYSE:NSC
|
67.9B USD | 14.8 | 23.6 | |
| CA |
|
Canadian National Railway Co
TSX:CNR
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91.5B CAD | 13.1 | 19.6 | |
| CN |
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Beijing-Shanghai High Speed Railway Co Ltd
SSE:601816
|
241.2B CNY | 14.5 | 18.5 | |
| HK |
|
MTR Corp Ltd
HKEX:66
|
211.5B HKD | 12.6 | 14.4 | |
| US |
K
|
Kansas City Southern
LSE:0JQ4
|
4.2B USD | 5 | 43.3 | |
| JP |
|
Central Japan Railway Co
TSE:9022
|
4T JPY | 8.1 | 7.4 | |
| JP |
|
East Japan Railway Co
TSE:9020
|
3.9T JPY | 10.9 | 17.3 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 6.7 |
| Median | 8.7 |
| 70th Percentile | 12.2 |
| Max | 214 699 781.2 |
Other Multiples
West Japan Railway Co
Glance View
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.