Japan Exchange GroupFRA:OSK +0.92%86 Gross Margin % is 58.36% as of Mar. 2026, which is 8% above its 10-year median of 54.17. GuruFocus rates FRA:OSK with a GF Score™ of 86/100 and a GF Value™ of €9.66 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 617 Capital Markets companies, Japan Exchange Group ranks better than 59.81% on this metric.
The historical rank and industry rank for Japan Exchange Group's Gross Margin % or its related term are showing as below:
FRA:OSK'
s Gross Margin % Range Over the Past 10 Years
Min: 49.77 Med: 54.17 Max: 57.91
Current: 57.69
During the past 13 years, the highestGross Margin % of Japan Exchange Group was 57.91%. The lowest was 49.77%. And the median was 54.17%.
FRA:OSK's Gross Margin % is ranked better than 59.81% of 617
companies
in the Capital Markets industry
Industry Median: 48.3
vs FRA:OSK: 57.69
Japan Exchange Group had a gross margin of 58.36% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Japan Exchange Group was 1.00% per year.
Japan Exchange Group (FRA:OSK) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Japan Exchange Group had a gross margin of 58.36% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Japan Exchange Group Gross Margin % Related Terms
Japan Exchange Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for Japan Exchange Group's Gross 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.
FRA:OSK vs SPGI, CME, ICE: Gross Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group's Gross Margin %, along with its competitors' market caps and Gross 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 Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Japan Exchange Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Japan Exchange Group's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Japan Exchange Group (FRA:OSK) has a Gross Margin % of 58.36% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Japan Exchange Group and its competitors. This is near median its historical median of 54.17. Over the past decade, Japan Exchange Group's Gross Margin % has ranged from 49.77 to 57.91. According to the industry distribution chart, Japan Exchange Group ranks #248 out of 617 companies in the Capital Markets industry, placing it in the top 40.2%.
Is Japan Exchange Group's Gross Margin % too high?
Japan Exchange Group's current Gross Margin % of 58.36% is near median its 10-year median of 54.17. Over the past 10 years, this metric has ranged from a low of 49.77 to a high of 57.91. The Capital Markets industry median Gross Margin % is 48.30. Japan Exchange Group's value of 58.36% is 20.8% above this industry median. Based on the distribution chart, Japan Exchange Group ranks #248 out of 617 companies in the Capital Markets industry, which is above the industry midpoint. 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 Gross Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Japan Exchange Group ranks #248 out of 617 companies for Gross Margin %. This puts Japan Exchange Group in the upper half of its industry. The industry median Gross Margin % is 48.30. Japan Exchange Group's value of 58.36% is 20.8% above this benchmark. Historically, Japan Exchange Group's own Gross Margin % has ranged from 49.77 to 57.91 over the past decade. While the company's 10-year median is 54.17 vs. the industry median of 48.30, 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 Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.30, based on 617 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Exchange Group's current Gross Margin % of 58.36% is 20.8% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Japan Exchange Group and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Exchange Group's current Gross Margin % is 58.36%, which is near median its own 10-year median of 54.17. 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 €9.66, compared to a current price of €11.00 — trading 13.9% above its estimated fair value. The current Gross Margin % is 58.36%, which is near median its 10-year median of 54.17 and 20.8% above the Capital Markets industry median of 48.30. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Japan Exchange Group (FRA:OSK), the current Gross Margin % is 58.36% 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 €11.00 is trading 13.9% above its estimated GF Value™ of €9.66.
GuruFocus considers Japan Exchange Group to be Modestly Overvalued.
Key valuation signals for FRA:OSK:
Gross Margin %: 58.36% (near median its 10-year median of 54.17)
GF Value™: €9.66 vs. price of €11.00 (13.9% above fair value)
Industry Position: 20.8% above the Capital Markets median (#248 of 617)
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.
86GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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