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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: 2 945 JPY -0.69%
Market Cap: ¥1.3T

P/S

0.7
Current
10%
Cheaper
vs 3-y average of 0.8

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.7
=
Market Cap
¥1.5T
/
Revenue
¥1.8T

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.7
=
Market Cap
¥1.5T
/
Revenue
¥1.8T

Valuation Scenarios

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

If P/S returns to its 3-Year Average (0.8), the stock would be worth ¥3 289.37 (12% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+48%
Average Upside
23%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.7 ¥2 945
0%
3-Year Average 0.8 ¥3 289.37
+12%
5-Year Average 0.8 ¥3 049.28
+4%
Industry Average 1 ¥3 851.72
+31%
Country Average 1.1 ¥4 356.63
+48%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
¥1.5T
/
Jan 2026
¥1.8T
=
0.7
Current
¥1.5T
/
Mar 2026
¥1.9T
=
0.8
Forward
¥1.5T
/
Mar 2027
¥1.9T
=
0.8
Forward
¥1.5T
/
Mar 2028
¥1.9T
=
0.8
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
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Market Distribution

In line with most companies in Japan
Percentile
33rd
Based on 5 249 companies
33rd percentile
0.7
Low
0 — 0.7
Typical Range
0.7 — 1.9
High
1.9 —
Distribution Statistics
Japan
Min 0
30th Percentile 0.7
Median 1.1
70th Percentile 1.9
Max 12 107 466

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.

Intrinsic Value
3 933.82 JPY
Undervaluation 25%
Intrinsic Value
Price ¥2 945
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