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Central Japan Railway Company 9022.T

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

Central Japan Railway Company statistics & valuation

Market cap¥3.67T
P / E6.6×
P / S1.8×
P / B0.7×
P / FCF16.4×
Net margin27.6%
FCF margin11.2%
Net debt¥3.96T
Enterprise value USD$48.1B
Earnings yield EBIT/EV10.9%
Return on capital8.3%
Graham number +114.5%¥8,280.44

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 (¥8,280.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
15.70% 22.50% 25.00% 27.60% 2023202420252026
Gross margin (%)
39.50% 46.70% 49.30% 52.20% 2023202420252026
Operating margin (%)
26.70% 35.50% 38.40% 41.40% 2023202420252026
Return on equity (%)
5.80% 9.20% 10.00% 10.90% 2023202420252026
Shares outstanding
949.4M 949.4M 949.4M 949.4M 2023202420252026
Net debt (¥)
¥3.78T ¥3.62T ¥4.05T ¥3.96T 2023202420252026
Share buybacks (¥)
¥0 ¥1.0M ¥0 ¥110.00B 2023202420252026
Return on assets (%)
2.30% 3.90% 4.40% 5.10% 2023202420252026
Free cash flow margin (%)
2.30% 15.70% 8.70% 11.20% 2023202420252026
Debt / equity (×)
1.19× 1.05× 0.94× 0.85× 2023202420252026
EPS (¥)
¥222.99 ¥390.66 ¥465.88 ¥570.84 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

Central Japan Railway Company trades at about 6.8× earnings — below its 10-year norm (10-year range 6.3×–15.1×, median 9.3×).

6.3× 15.1×

Shaded band = 10-year range (6.3×–15.1×); dot = today's 6.8×.

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 margin52.2%49.3%46.7%39.5%
Operating margin41.4%38.4%35.5%26.7%
Net margin27.6%25.0%22.5%15.7%
FCF margin11.2%8.7%15.7%2.3%
Return on assets5.1%4.4%3.9%2.3%
Return on equity10.9%10.0%9.2%5.8%
Debt / equity0.82×0.91×1.01×1.13×
Current ratio1.802.483.493.72

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