Central Japan Railway Company
Financial ratios & Valuation

Forward Multiples (2026 – 2029)

2026202720282029
Price/Earnings ratio
0.070.070.060.06
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$187.80$189.94$195.33$199.09

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
15.9811.519.109.8111.894.32-8.13-29.967.104.704.564.56
Price/Sales ratio
2.522.232.032.132.770.931.991.661.111.052.052.05
Price/Book Value ratio
2.081.671.321.271.500.440.450.430.410.430.420.44
Price/Cash Flow ratio
7.396.456.166.368.692.88-9.6821.683.202.685.452.88
Price/Free Cash Flow ratio
11.4610.7613.5312.9125.2811.79-2.44-3.7647.736.7010.9011.79
Price/Earnings Growth ratio
4.820.410.5510.311.070.050.050.40-0.010.060.000.05
Dividend Yield
0.55%0.60%0.71%0.71%0.52%1.71%1.68%1.64%1.64%1.52%0.00%1.71%
Profitability Indicator Ratios
Gross Profit Margin
41.21%43.49%45.67%46.94%48.30%46.25%-2.45%17.27%39.45%46.66%46.66%46.66%
Operating Profit Margin
30.29%33.28%35.26%36.33%37.79%35.57%-22.43%0.18%26.74%35.51%35.51%35.57%
Pretax Profit Margin
24.20%29.22%31.87%30.83%33.55%31.08%-32.61%-7.13%21.86%31.88%31.88%31.88%
Net Profit Margin
15.79%19.41%22.36%21.70%23.35%21.56%-24.47%-5.55%15.66%22.47%22.47%22.47%
Effective Tax Rate
36.55%34.85%30.13%30.60%29.38%29.49%25.86%25.64%27.45%28.71%28.71%29.49%
Return on Assets
5.06%6.40%5.57%4.43%4.71%4.14%-2.09%-0.54%2.30%3.86%3.86%4.14%
Return On Equity
13.07%14.56%14.59%12.94%12.63%10.38%-5.53%-1.45%5.83%9.21%9.58%10.38%
Return on Capital Employed
11.11%12.50%9.53%7.97%8.20%7.30%-2.10%0.01%4.26%6.64%6.64%7.30%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A3.49N/A
Quick Ratio
0.590.773.916.245.515.333.613.593.663.443.125.33
Cash ratio
0.220.250.440.770.900.640.410.440.920.922.720.90
Days of Sales Outstanding
19.8417.9419.6820.4321.9117.3945.2738.5036.7538.7538.7521.91
Days of Inventory outstanding
14.3414.1914.0314.3917.4216.1618.1416.2116.0716.7416.7416.74
Operating Cycle
34.1932.1433.7234.8239.3433.5663.4154.7252.8255.4955.4939.34
Days of Payables Outstanding
57.6854.1030.1932.6030.7531.1432.9738.9237.2234.1434.1430.75
Cash Conversion Cycle
-23.48-21.953.522.218.592.4130.4315.7915.5921.3521.358.59
Debt Ratios
Debt Ratio
0.270.250.400.480.460.450.460.470.460.430.490.46
Debt Equity Ratio
0.710.571.061.421.251.131.211.241.181.041.171.13
Long-term Debt to Capitalization
0.380.340.500.580.540.520.530.540.530.500.530.52
Total Debt to Capitalization
0.410.360.510.580.550.530.540.550.540.510.530.53
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A7.67N/A
Cash Flow to Debt Ratio
0.390.440.200.130.130.13-0.030.010.100.150.060.13
Company Equity Multiplier
2.582.272.612.912.672.502.632.652.532.382.382.50
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.340.340.330.330.310.32-0.200.070.340.390.180.32
Free Cash Flow / Operating Cash Flow Ratio
0.640.590.450.490.340.243.95-5.750.060.4010.34
Cash Flow Coverage Ratio
0.390.440.200.130.130.13-0.030.010.100.150.060.13
Short Term Coverage Ratio
3.334.384.605.304.164.96-1.020.602.274.522.054.96
Dividend Payout Ratio
8.95%7.00%6.51%6.97%6.28%7.42%-13.68%-49.31%11.67%7.17%N/A7.42%