Japan Exchange Group (STU:OSK) EBIT: €662 Mil (TTM As of Mar. 2026)


STU:OSK Japan Exchange Group Inc STU:OSK
84 GF Score
Price €10.80
GF Value €10.09
Valuation Fairly Valued
! 8 Warning Signs
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What is Japan Exchange Group EBIT?

Japan Exchange Group STU:OSK -0.92% 84 EBIT is €662 Mil as of Mar. 2026. GuruFocus rates STU:OSK with a GF Score™ of 84/100 and a GF Value™ of €10.09 (Fairly Valued). The stock has 8 warning signs investors should review.

Japan Exchange Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €193 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €662 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Japan Exchange Group's annualized ROC % for the quarter that ended in Mar. 2026 was 0.14%. Japan Exchange Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,107.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Japan Exchange Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.54%.


Japan Exchange Group  (STU:OSK) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Japan Exchange Group's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=752.932 * ( 1 - 29.79% )/( (391819.56 + 389082.224)/ 2 )
=528.6335572/390450.892
=0.14 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=392933.279 - 92.605 - ( 1268.312 - max(0, 390929.694 - 391950.808+1268.312))
=391819.56

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=390298.53 - 174.829 - ( 1496.232 - max(0, 388284.185 - 389325.662+1496.232))
=389082.224

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Japan Exchange Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=770.312/( ( (72.197 + max(-69.18399999995, 0)) + (66.853 + max(-168.60900000005, 0)) )/ 2 )
=770.312/( ( 72.197 + 66.853 )/ 2 )
=770.312/69.525
=1,107.96 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(131.275 + 0 + 390551.221) - (92.605 + 0 + 390659.075)
=-69.18399999995

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(134.458 + 0 + 387694.972) - (174.829 + 0 + 387823.21)
=-168.60900000005

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Japan Exchange Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=661.844/10126.799
=6.54 %

* 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 EBIT Related Terms


Japan Exchange Group EBIT Historical Data

* Premium members only.

The historical data trend for Japan Exchange Group's EBIT 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 EBIT Chart

Japan Exchange Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 563.07 477.28 537.39 727.38 493.06

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
EBIT 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 129.21 152.26 151.26 165.75 192.58

STU:OSK vs SPGI, CME, ICE: EBIT Comparison

For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Japan Exchange Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Japan Exchange Group's EV-to-EBIT falls into.


STU:OSK
84GF Score
Japan Exchange Group Inc STU:OSK
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Exchange Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €662 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €662 Mil mean?
Japan Exchange Group (STU:OSK) has a EBIT of €662 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Japan Exchange Group.
Is Japan Exchange Group's EBIT too high?
Japan Exchange Group's current EBIT is €662 Mil. Overall, Japan Exchange Group has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Exchange Group's EBIT compare to SPGI and CME?
Japan Exchange Group's EBIT of €662 Mil 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 EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Japan Exchange Group. Japan Exchange Group's current EBIT is €662 Mil. 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 (STU:OSK) is currently considered Fairly Valued. The stock's GF Value™ is €10.09, compared to a current price of €10.80 — trading 7% above its estimated fair value. The current EBIT is €662 Mil. Japan Exchange Group's overall GF Score™ is 84/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Japan Exchange Group (STU:OSK), the current EBIT is €662 Mil 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 (STU:OSK) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Exchange Group stock appears to be overvalued. The current stock price of €10.80 is trading 7% above its estimated GF Value™ of €10.09. GuruFocus considers Japan Exchange Group to be Fairly Valued.

Key valuation signals for STU:OSK:

  • EBIT: €662 Mil
  • GF Value™: €10.09 vs. price of €10.80 (7% above fair value)
  • GF Score™: 84/100 with 8 warning signs

No single metric tells the full story. See the STU: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.
84GF Score

Get the complete analysis for STU:OSK

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.80
Price
€10.09
GF Value