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Monex GroupTSE:8698 +1.54%64 EV-to-OCF is 24.61 as of Sep. 14, 2026, which is 411% above its 10-year median of 4.82. GuruFocus rates TSE:8698 with a GF Score™ of 64/100 and a GF Value™ of 円771.47 (Fairly Valued). The stock has 6 warning signs investors should review. Among 805 Capital Markets companies, Monex Group ranks worse than 86.34% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Monex Group's Enterprise Value is 円245,224 Mil.
Monex Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 円9,963 Mil. Therefore, Monex Group's EV-to-OCF for today is 24.61.
The historical rank and industry rank for Monex Group's EV-to-OCF or its related term are showing as below:
TSE:8698'
s EV-to-OCF Range Over the Past 10 Years
Min: -77.86 Med: 4.82 Max: 44.41
Current: 24.34
During the past 13 years, the highest EV-to-OCF of Monex Group was 44.41. The lowest was -77.86. And the median was 4.82.
TSE:8698's EV-to-OCF is ranked worse than 86.34% of 805
companies
in the Capital Markets industry
Industry Median: -0.45
vs TSE:8698: 24.34
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Monex Group's PE Ratio (TTM) for today is calculated as:
Monex Group's share price for today is 円725.00.
Monex 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 円43.419.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Monex Group EV-to-OCF Related Terms
Monex Group EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Monex Group's EV-to-OCF 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.
For the Capital Markets subindustry, Monex Group's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Monex Group EV-to-OCF vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Monex Group's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Monex Group's EV-to-OCF falls into.
Monex Group's current Enterprise Value is 円245,224 Mil.
Monex Group's Cash Flow from Operations 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 円9,963 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.
Monex Group (TSE:8698) has a EV-to-OCF of 24.61 as of Sep. 14, 2026. This is 411% above median its historical median of 4.82. According to the industry distribution chart, Monex Group ranks #695 out of 805 companies in the Capital Markets industry, placing it in the top 86.3%.
Is Monex Group's EV-to-OCF too high?
Monex Group's current EV-to-OCF of 24.61 is 411% above median its 10-year median of 4.82. Based on the distribution chart, Monex Group ranks #695 out of 805 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Monex Group has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Monex Group's EV-to-OCF compare to MS and GS?
According to the Capital Markets industry distribution chart, Monex Group ranks #695 out of 805 companies for EV-to-OCF. This places Monex Group in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Capital Markets company?
A good EV-to-OCF depends on the Capital Markets industry context. However, EV-to-OCF 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Monex Group's current EV-to-OCF is 24.61, which is 411% above median its own 10-year median of 4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monex Group stock overvalued right now?
Based on GuruFocus' analysis, Monex Group (TSE:8698) is currently considered Fairly Valued. The stock's GF Value™ is 円771.47, compared to a current price of 円725.00 — trading 6% below its estimated fair value. The current EV-to-OCF is 24.61, which is 411% above median its 10-year median of 4.82. Monex Group's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Monex Group (TSE:8698), the current EV-to-OCF is 24.61 as of Sep. 14, 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 Monex Group (TSE:8698) Overvalued in 2026?
Based on GuruFocus' analysis, Monex Group stock appears to be undervalued.
The current stock price of 円725.00 is trading 6% below its estimated GF Value™ of 円771.47.
GuruFocus considers Monex Group to be Fairly Valued.
Key valuation signals for TSE:8698:
EV-to-OCF: 24.61 (411% above median its 10-year median of 4.82)
GF Value™: 円771.47 vs. price of 円725.00 (6% below fair value)
No single metric tells the full story. See the TSE:8698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.
64GF Score
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