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Japan Exchange GroupFRA:OSK +5.17%85 EV-to-EBITDA is 18.28 as of Jul. 22, 2026, which is 53% above its 10-year median of 11.97. GuruFocus rates FRA:OSK with a GF Score™ of 85/100 and a GF Value™ of €9.58 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 515 Capital Markets companies, Japan Exchange Group ranks worse than 72.62% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Japan Exchange Group's enterprise value is €11,277.8 Mil.
Japan Exchange Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €616.9 Mil. Therefore, Japan Exchange Group's EV-to-EBITDA for today is 18.28.
The historical rank and industry rank for Japan Exchange Group's EV-to-EBITDA or its related term are showing as below:
FRA:OSK'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.73 Med: 11.97 Max: 20.85
Current: 19.15
During the past 13 years, the highest EV-to-EBITDA of Japan Exchange Group was 20.85. The lowest was 8.73. And the median was 11.97.
FRA:OSK's EV-to-EBITDA is ranked worse than 72.62% of 515
companies
in the Capital Markets industry
Industry Median: 9.64
vs FRA:OSK: 19.15
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Japan Exchange Group (FRA:OSK) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Japan Exchange Group's PE Ratio (TTM) for today is calculated as:
Japan Exchange Group's share price for today is €12.20.
Japan Exchange Group's Earnings per Share (Diluted) 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 €0.335.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Japan Exchange Group's EV-to-EBITDA 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.
FRA:OSK vs SPGI, CME, MCO: EV-to-EBITDA Comparison
For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Japan Exchange Group's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Japan Exchange Group's EV-to-EBITDA falls into.
Japan Exchange Group's current Enterprise Value is €11,277.8 Mil.
Japan Exchange Group's EBITDA 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 €616.9 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.
Japan Exchange Group (FRA:OSK) has a EV-to-EBITDA of 18.28 as of Jul. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Japan Exchange Group. This is 53% above median its historical median of 11.97. Over the past decade, Japan Exchange Group's EV-to-EBITDA has ranged from 8.73 to 20.85. According to the industry distribution chart, Japan Exchange Group ranks #374 out of 515 companies in the Capital Markets industry, placing it in the top 72.6%.
Is Japan Exchange Group's EV-to-EBITDA too high?
Japan Exchange Group's current EV-to-EBITDA of 18.28 is 53% above median its 10-year median of 11.97. Over the past 10 years, this metric has ranged from a low of 8.73 to a high of 20.85. The Capital Markets industry median EV-to-EBITDA is 9.64. Japan Exchange Group's value of 18.28 is 89.6% above this industry median. Based on the distribution chart, Japan Exchange Group ranks #374 out of 515 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Japan Exchange Group has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Exchange Group's EV-to-EBITDA compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Japan Exchange Group ranks #374 out of 515 companies for EV-to-EBITDA. This places Japan Exchange Group in the lower half of its industry. The industry median EV-to-EBITDA is 9.64. Japan Exchange Group's value of 18.28 is 89.6% above this benchmark. Historically, Japan Exchange Group's own EV-to-EBITDA has ranged from 8.73 to 20.85 over the past decade. While the company's 10-year median is 11.97 vs. the industry median of 9.64, 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 EV-to-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 9.64, based on 515 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Exchange Group's current EV-to-EBITDA of 18.28 is 89.6% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Japan Exchange Group. For the Capital Markets industry, the median EV-to-EBITDA is 9.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Exchange Group's current EV-to-EBITDA is 18.28, which is 53% above median its own 10-year median of 11.97. 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 €9.58, compared to a current price of €12.20 — trading 27.3% above its estimated fair value. The current EV-to-EBITDA is 18.28, which is 53% above median its 10-year median of 11.97 and 89.6% above the Capital Markets industry median of 9.64. Japan Exchange Group's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Japan Exchange Group (FRA:OSK), the current EV-to-EBITDA is 18.28 as of Jul. 22, 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 €12.20 is trading 27.3% above its estimated GF Value™ of €9.58.
GuruFocus considers Japan Exchange Group to be Modestly Overvalued.
Key valuation signals for FRA:OSK:
EV-to-EBITDA: 18.28 (53% above median its 10-year median of 11.97)
GF Value™: €9.58 vs. price of €12.20 (27.3% above fair value)
Industry Position: 89.6% above the Capital Markets median (#374 of 515)
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 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.
85GF Score
Get the complete analysis for FRA:OSK
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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