Japan Exchange Group (FRA:OSK) Cyclically Adjusted Revenue per Share: €0.78 (As of Mar. 2026)


FRA:OSK Japan Exchange Group Inc FRA:OSK
86 GF Score
Price €11.70
GF Value €9.78
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Japan Exchange Group Cyclically Adjusted Revenue per Share?

Japan Exchange Group FRA:OSK 86 Cyclically Adjusted Revenue per Share is €0.78 as of Mar. 2026. GuruFocus rates FRA:OSK with a GF Score™ of 86/100 and a GF Value™ of €9.78 (Modestly Overvalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Japan Exchange Group's adjusted revenue per share for the three months ended in Mar. 2026 was €0.310. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €0.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Japan Exchange Group's average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Japan Exchange Group was 9.10% per year. The lowest was 6.70% per year. And the median was 7.80% per year.

As of today (2026-07-07), Japan Exchange Group's current stock price is €11.70. Japan Exchange Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.78. Japan Exchange Group's Cyclically Adjusted PS Ratio of today is 15.00.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Japan Exchange Group was 16.63. The lowest was 7.60. And the median was 12.09.


Japan Exchange Group  (FRA:OSK) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Japan Exchange Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.70/0.78
=15.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Japan Exchange Group was 16.63. The lowest was 7.60. And the median was 12.09.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Japan Exchange Group Cyclically Adjusted Revenue per Share Related Terms


Japan Exchange Group Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Japan Exchange Group's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Japan Exchange Group Cyclically Adjusted Revenue per Share Chart

Japan Exchange Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.81 0.75 0.82 0.78

Japan Exchange Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.79 0.79 0.77 0.78

FRA:OSK vs SPGI, CME, MCO: Cyclically Adjusted Revenue per Share Comparison

For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Japan Exchange Group Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Japan Exchange Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Japan Exchange Group's Cyclically Adjusted PS Ratio falls into.


FRA:OSK
86GF Score
Japan Exchange Group Inc FRA:OSK
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Exchange Group Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Japan Exchange Group's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.31/112.7000*112.7000
=0.310

Current CPI (Mar. 2026) = 112.7000.

Japan Exchange Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.211 98.100 0.242
201609 0.209 98.000 0.240
201612 0.208 98.400 0.238
201703 0.209 98.100 0.240
201706 0.209 98.500 0.239
201709 0.198 98.800 0.226
201712 0.220 99.400 0.249
201803 0.235 99.200 0.267
201806 0.215 99.200 0.244
201809 0.212 99.900 0.239
201812 0.241 99.700 0.272
201903 0.217 99.700 0.245
201906 0.222 99.800 0.251
201909 0.228 100.100 0.257
201912 0.233 100.500 0.261
202003 0.285 100.300 0.320
202006 0.253 99.900 0.285
202009 0.235 99.900 0.265
202012 0.248 99.300 0.281
202103 0.261 99.900 0.294
202106 0.233 99.500 0.264
202109 0.241 100.100 0.271
202112 0.259 100.100 0.292
202203 0.254 101.100 0.283
202206 0.225 101.800 0.249
202209 0.221 103.100 0.242
202212 0.228 104.100 0.247
202303 0.223 104.400 0.241
202306 0.262 105.200 0.281
202309 0.222 106.200 0.236
202312 0.235 106.800 0.248
202403 0.244 107.200 0.257
202406 0.228 108.200 0.237
202409 0.252 108.900 0.261
202412 0.238 110.700 0.242
202503 0.255 111.100 0.259
202506 0.252 111.700 0.254
202509 0.256 112.000 0.258
202512 0.268 113.000 0.267
202603 0.310 112.700 0.310

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €0.78 mean?
Japan Exchange Group (FRA:OSK) has a Cyclically Adjusted Revenue per Share of €0.78 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Japan Exchange Group and its competitors.
Is Japan Exchange Group's Cyclically Adjusted Revenue per Share too high?
Japan Exchange Group's current Cyclically Adjusted Revenue per Share is €0.78. Overall, Japan Exchange Group has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Exchange Group's Cyclically Adjusted Revenue per Share compare to SPGI and CME?
Japan Exchange Group's Cyclically Adjusted Revenue per Share of €0.78 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Capital Markets company?
A good Cyclically Adjusted Revenue per Share depends on the Capital Markets industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Japan Exchange Group and its competitors. Japan Exchange Group's current Cyclically Adjusted Revenue per Share is €0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Exchange Group stock overvalued right now?
Based on GuruFocus' analysis, Japan Exchange Group (FRA:OSK) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.78, compared to a current price of €11.70 — trading 19.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €0.78. Japan Exchange Group's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Japan Exchange Group (FRA:OSK), the current Cyclically Adjusted Revenue per Share is €0.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Japan Exchange Group (FRA:OSK) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Exchange Group stock appears to be overvalued. The current stock price of €11.70 is trading 19.6% above its estimated GF Value™ of €9.78. GuruFocus considers Japan Exchange Group to be Modestly Overvalued.

Key valuation signals for FRA:OSK:

  • Cyclically Adjusted Revenue per Share: €0.78
  • GF Value™: €9.78 vs. price of €11.70 (19.6% above fair value)
  • GF Score™: 86/100 with 8 warning signs

No single metric tells the full story. See the FRA:OSK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Exchange Group Business Description

Address 2-1 Kabutocho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8224
Japan Exchange Group is a vertically integrated securities exchange business, which includes the Tokyo Stock Exchange, Osaka Exchange, and Tokyo Commodity Exchange. JPX ranks among the top five largest stock exchange operators in the world by market capitalization, and its Nikkei 225 and Topix derivatives products are some of the most widely traded derivatives products in the world.
86GF Score

Get the complete analysis for FRA:OSK

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.70
Price
€9.78
GF Value