Japan Exchange GroupTSE:8697 -0.79%86 EBITDA Margin % is 90.20% as of Mar. 2026, which is 33% above its 10-year median of 67.62. GuruFocus rates TSE:8697 with a GF Score™ of 86/100 and a GF Value™ of 円1,810.51 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 666 Capital Markets companies, Japan Exchange Group ranks better than 80.63% on this metric.
Japan Exchange Group (TSE:8697) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Japan Exchange Group EBITDA Margin % Related Terms
Japan Exchange Group EBITDA Margin % Historical Data
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The historical data trend for Japan Exchange Group's EBITDA Margin % 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.
TSE:8697 vs SPGI, CME, ICE: EBITDA Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Japan Exchange Group's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Japan Exchange Group's EBITDA Margin % falls into.
* 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 (TSE:8697) has a EBITDA Margin % of 90.20% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Japan Exchange Group and its competitors. This is 33% above median its historical median of 67.62. Over the past decade, Japan Exchange Group's EBITDA Margin % has ranged from 64.89 to 68.76. According to the industry distribution chart, Japan Exchange Group ranks #129 out of 666 companies in the Capital Markets industry, placing it in the top 19.4%.
Is Japan Exchange Group's EBITDA Margin % too high?
Japan Exchange Group's current EBITDA Margin % of 90.20% is 33% above median its 10-year median of 67.62. Over the past 10 years, this metric has ranged from a low of 64.89 to a high of 68.76. The Capital Markets industry median EBITDA Margin % is 20.73. Japan Exchange Group's value of 90.20% is 335.1% above this industry median. Based on the distribution chart, Japan Exchange Group ranks #129 out of 666 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. 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 EBITDA Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Japan Exchange Group ranks #129 out of 666 companies for EBITDA Margin %. This places Japan Exchange Group in the top 19% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 20.73. Japan Exchange Group's value of 90.20% is 335.1% above this benchmark. Historically, Japan Exchange Group's own EBITDA Margin % has ranged from 64.89 to 68.76 over the past decade. While the company's 10-year median is 67.62 vs. the industry median of 20.73, Japan Exchange Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Capital Markets company?
The median EBITDA Margin % among Capital Markets companies is 20.73, based on 666 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Exchange Group's current EBITDA Margin % of 90.20% is 335.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Japan Exchange Group and its competitors. For the Capital Markets industry, the median EBITDA Margin % is 20.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Exchange Group's current EBITDA Margin % is 90.20%, which is 33% above median its own 10-year median of 67.62. 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 (TSE:8697) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,810.51, compared to a current price of 円2,012.00 — trading 11.1% above its estimated fair value. The current EBITDA Margin % is 90.20%, which is 33% above median its 10-year median of 67.62 and 335.1% above the Capital Markets industry median of 20.73. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Japan Exchange Group (TSE:8697), the current EBITDA Margin % is 90.20% 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 (TSE:8697) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Exchange Group stock appears to be overvalued.
The current stock price of 円2,012.00 is trading 11.1% above its estimated GF Value™ of 円1,810.51.
GuruFocus considers Japan Exchange Group to be Modestly Overvalued.
Key valuation signals for TSE:8697:
EBITDA Margin %: 90.20% (33% above median its 10-year median of 67.62)
GF Value™: 円1,810.51 vs. price of 円2,012.00 (11.1% above fair value)
Industry Position: 335.1% above the Capital Markets median (#129 of 666)
No single metric tells the full story. See the TSE:8697 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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