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East Japan Railway Company 9020.T

JP · Tokyo Stock Exchange · XTKS · stock · Industrials · website

East Japan Railway Company statistics & valuation

Market cap¥3.97T
P / E16.0×
P / S1.3×
P / B1.3×
Net margin8.0%
FCF margin-4.0%
Net debt¥4.60T
Enterprise value USD$54.0B
Earnings yield EBIT/EV4.8%
Return on capital4.6%
Graham number +4.2%¥3,650.17

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (¥3,650.17); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.10% 7.20% 7.80% 8.00% 2023202420252026
Gross margin (%)
29.80% 35.40% 35.70% 36.70% 2023202420252026
Operating margin (%)
5.80% 12.60% 13.00% 13.40% 2023202420252026
Return on equity (%)
4.00% 7.20% 7.80% 8.10% 2023202420252026
Shares outstanding
1.13B 1.13B 1.13B 1.13B 2023202420252026
Net debt (¥)
¥4.24T ¥4.28T ¥4.41T ¥4.60T 2023202420252026
Share buybacks (¥)
2023202420252026
Return on assets (%)
1.10% 2.00% 2.20% 2.30% 2023202420252026
Free cash flow margin (%)
1.10% -1.00% -1.30% -4.00% 2023202420252026
Debt / equity (×)
1.80× 1.68× 1.63× 1.59× 2023202420252026
EPS (¥)
¥87.79 ¥173.82 ¥198.29 ¥219.42 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

East Japan Railway Company trades at about 16× earnings — near its 10-year norm (10-year range 15.4×–29.6×, median 16.6×).

15.4× 29.6×

Shaded band = 10-year range (15.4×–29.6×); dot = today's 16×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin36.7%35.7%35.4%29.8%
Operating margin13.4%13.0%12.6%5.8%
Net margin8.0%7.8%7.2%4.1%
FCF margin-4.0%-1.3%-1.0%1.1%
Return on assets2.3%2.2%2.0%1.1%
Return on equity8.1%7.8%7.2%4.0%
Debt / equity1.50×1.50×1.56×1.66×
Current ratio0.780.720.740.69

Computed from company filings · JP · as of 2026-03-31. Figures in JPY. Facts plus Stocktoria's own computed scores — not investment advice.