Monex GroupTSE:8698 +1.13%53 Interest Coverage is 2.92 as of Dec. 2025, which is 9% above its 10-year median of 2.69. GuruFocus rates TSE:8698 with a GF Score™ of 53/100 and a GF Value™ of 円802.19 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 430 Capital Markets companies, Monex Group ranks worse than 76.28% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Monex Group's
Operating Income
for the
three
months ended in Dec. 2025 was 円5,641 Mil. Monex Group's Interest Expense for the
three
months ended in Dec. 2025 was 円-1,932 Mil.
Monex Group's interest coverage for the quarter that ended in Dec. 2025 was 2.92.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Monex Group Inc interest coverage is 2.69, which is low.
The historical rank and industry rank for Monex Group's Interest Coverage or its related term are showing as below:
TSE:8698'
s Interest Coverage Range Over the Past 10 Years
Min: 1.41 Med: 2.69 Max: 7.06
Current: 2.69
TSE:8698's Interest Coverage is ranked worse than 76.28% of 430
companies
in the Capital Markets industry
Industry Median: 19.375
vs TSE:8698: 2.69
Monex Group (TSE:8698) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Monex Group Interest Coverage Related Terms
Monex Group Interest Coverage Historical Data
* Premium members only.
The historical data trend for Monex Group's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
TSE:8698 vs MS, GS, SCHW: Interest Coverage Comparison
For the Capital Markets subindustry, Monex Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Monex Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Monex Group's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 2.92 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Monex Group and its competitors. This is near median its historical median of 2.69. Over the past decade, Monex Group's Interest Coverage has ranged from 1.41 to 7.06. According to the industry distribution chart, Monex Group ranks #328 out of 430 companies in the Capital Markets industry, placing it in the top 76.3%.
Is Monex Group's Interest Coverage too high?
Monex Group's current Interest Coverage of 2.92 is near median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 7.06. The Capital Markets industry median Interest Coverage is 19.38. Monex Group's value of 2.92 is 84.9% below this industry median. Based on the distribution chart, Monex Group ranks #328 out of 430 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Monex Group has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monex Group's Interest Coverage compare to MS and GS?
According to the Capital Markets industry distribution chart, Monex Group ranks #328 out of 430 companies for Interest Coverage. This places Monex Group in the lower half of its industry. The industry median Interest Coverage is 19.38. Monex Group's value of 2.92 is 84.9% below this benchmark. Historically, Monex Group's own Interest Coverage has ranged from 1.41 to 7.06 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 19.38, Monex Group has consistently been below 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 Interest Coverage for a Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.38, based on 430 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Monex Group's current Interest Coverage of 2.92 is 84.9% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Monex Group and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monex Group's current Interest Coverage is 2.92, which is near median its own 10-year median of 2.69. 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 Modestly Undervalued. The stock's GF Value™ is 円802.19, compared to a current price of 円624.00 — trading 22.2% below its estimated fair value. The current Interest Coverage is 2.92, which is near median its 10-year median of 2.69 and 84.9% below the Capital Markets industry median of 19.38. Monex Group's overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Monex Group (TSE:8698), the current Interest Coverage is 2.92 as of Dec. 2025. 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624.00 is trading 22.2% below its estimated GF Value™ of 円802.19.
GuruFocus considers Monex Group to be Modestly Undervalued.
Key valuation signals for TSE:8698:
Interest Coverage: 2.92 (near median its 10-year median of 2.69)
GF Value™: 円802.19 vs. price of 円624.00 (22.2% below fair value)
Industry Position: 84.9% below the Capital Markets median (#328 of 430)
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.
53GF Score
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