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- East Japan Railway
East Japan Railway Valuation Multiples
Discover revenue and EBITDA valuation multiples for East Japan Railway and similar public comparables like Central Japan Railway, MTR Corp., CRRC Corp., Beijing-Shanghai High Speed Railway and more.
East Japan Railway Overview
About East Japan Railway
East Japan Railway Company, or JR East, is the largest railway operator in Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987, though it wasn't fully privatized until 2002. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. Its 7,400 kilometers of rail track covers half of Japan's population and a third of the country's land area. Two thirds of revenue is from transportation, with most of the rest from retail operations and real estate investments.
Founded
1987
HQ

Employees
91.3K
Website
Sectors
Financials (LTM)
EV
$57B
East Japan Railway Financials
East Japan Railway reported last 12-month revenue of $19B and EBITDA of $5B.
In the same LTM period, East Japan Railway generated $7B in gross profit, $5B in EBITDA, and $2B in net income.
Revenue (LTM)
East Japan Railway P&L
In the most recent fiscal year, East Japan Railway reported revenue of $20B and EBITDA of $5B.
East Japan Railway expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $19B | XXX | $20B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | 36% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $28B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
East Japan Railway Stock Performance
East Japan Railway has current market cap of $28B, and enterprise value of $57B.
Market Cap Evolution
East Japan Railway's stock price is $24.59.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $57B | $28B | 0.0% | XXX | XXX | XXX | $1.37 |
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Start Free TrialEast Japan Railway Valuation Multiples
East Japan Railway trades at 2.9x EV/Revenue multiple, and 10.7x EV/EBITDA.
EV / Revenue (LTM)
East Japan Railway Financial Valuation Multiples
As of March 9, 2026, East Japan Railway has market cap of $28B and EV of $57B.
Equity research analysts estimate East Japan Railway's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
East Japan Railway has a P/E ratio of 17.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $28B | XXX | $28B | XXX | XXX | XXX |
| EV (current) | $57B | XXX | $57B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 10.7x | XXX | 10.6x | XXX | XXX | XXX |
| EV/EBIT | 21.9x | XXX | 21.9x | XXX | XXX | XXX |
| EV/Gross Profit | 8.1x | XXX | 8.7x | XXX | XXX | XXX |
| P/E | 17.9x | XXX | 18.0x | XXX | XXX | XXX |
| EV/FCF | (30.9x) | XXX | (232.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified East Japan Railway Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


East Japan Railway Margins & Growth Rates
East Japan Railway's revenue in the last 12 month grew by 6%.
East Japan Railway's revenue per employee in the last FY averaged $0.2M.
East Japan Railway's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
East Japan Railway's rule of X is 42% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
East Japan Railway Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | (2%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
East Japan Railway Public Comps
See public comps and valuation multiples for other Railways comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Central Japan Railway | XXX | XXX | XXX | XXX | XXX | XXX |
| MTR Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| CRRC Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Beijing-Shanghai High Speed Railway | XXX | XXX | XXX | XXX | XXX | XXX |
| Knorr-Bremse | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
East Japan Railway M&A Activity
East Japan Railway acquired XXX companies to date.
Last acquisition by East Japan Railway was on XXXXXXXX, XXXXX. East Japan Railway acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by East Japan Railway
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEast Japan Railway Investment Activity
East Japan Railway invested in XXX companies to date.
East Japan Railway made its latest investment on XXXXXXXX, XXXXX. East Japan Railway invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by East Japan Railway
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout East Japan Railway
| When was East Japan Railway founded? | East Japan Railway was founded in 1987. |
| Where is East Japan Railway headquartered? | East Japan Railway is headquartered in Japan. |
| How many employees does East Japan Railway have? | As of today, East Japan Railway has over 91K employees. |
| Is East Japan Railway publicly listed? | Yes, East Japan Railway is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of East Japan Railway? | East Japan Railway trades under 9020 ticker. |
| When did East Japan Railway go public? | East Japan Railway went public in 1993. |
| Who are competitors of East Japan Railway? | East Japan Railway main competitors are Central Japan Railway, MTR Corp., CRRC Corp., Beijing-Shanghai High Speed Railway. |
| What is the current market cap of East Japan Railway? | East Japan Railway's current market cap is $28B. |
| What is the current revenue of East Japan Railway? | East Japan Railway's last 12 months revenue is $19B. |
| What is the current revenue growth of East Japan Railway? | East Japan Railway revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of East Japan Railway? | Current revenue multiple of East Japan Railway is 2.9x. |
| Is East Japan Railway profitable? | Yes, East Japan Railway is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of East Japan Railway? | East Japan Railway's last 12 months EBITDA is $5B. |
| What is East Japan Railway's EBITDA margin? | East Japan Railway's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of East Japan Railway? | Current EBITDA multiple of East Japan Railway is 10.7x. |
| What is the current FCF of East Japan Railway? | East Japan Railway's last 12 months FCF is ($2B). |
| What is East Japan Railway's FCF margin? | East Japan Railway's last 12 months FCF margin is (10%). |
| What is the current EV/FCF multiple of East Japan Railway? | Current FCF multiple of East Japan Railway is (30.9x). |
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