Japan Exchange GroupTSE:8697 -0.79%87 Median PS Value is 円1,822.88 as of Jun. 28, 2026, which is 100% below its 10-year median of 1.08. GuruFocus rates TSE:8697 with a GF Score™ of 87/100 and a GF Value™ of 円1,810.51 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 391 Capital Markets companies, Japan Exchange Group ranks worse than 53.96% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Japan Exchange Group's Median PS Value or its related term are showing as below:
TSE:8697'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.94 Med: 1.08 Max: 1.54
Current: 1.1
During the past 13 years, the highest Price to Median PS Value of Japan Exchange Group was 1.54. The lowest was 0.94. And the median was 1.08.
TSE:8697's Price-to-Median-PS-Value is ranked worse than 53.96% of 391
companies
in the Capital Markets industry
Industry Median: 1.03
vs TSE:8697: 1.10
Japan Exchange Group (TSE:8697) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Japan Exchange Group's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
2012.00
/
1,822.88
=
1.10
* 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 Median PS Value Related Terms
Japan Exchange Group Median PS Value Historical Data
* Premium members only.
The historical data trend for Japan Exchange Group's Median PS Value 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: Median PS Value Comparison
For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Price-to-Median-PS-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Japan Exchange Group's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Japan Exchange Group's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 9.4835.
Japan Exchange Group's Revenue per Share 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192.216.
* 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 Median PS Value of 円1,822.88 as of Jun. 28, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Japan Exchange Group and its competitors. This is 168685% above median its historical median of 1.08. Over the past decade, Japan Exchange Group's Median PS Value has ranged from 0.94 to 1.54. According to the industry distribution chart, Japan Exchange Group ranks #211 out of 391 companies in the Capital Markets industry, placing it in the top 54%.
Is Japan Exchange Group's Median PS Value too high?
Japan Exchange Group's current Median PS Value of 円1,822.88 is 168685% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 1.54. Based on the distribution chart, Japan Exchange Group ranks #211 out of 391 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Japan Exchange Group has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Exchange Group's Median PS Value compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Japan Exchange Group ranks #211 out of 391 companies for Median PS Value. This places Japan Exchange Group in the lower half of its industry. The industry median Median PS Value is 1.03. Historically, Japan Exchange Group's own Median PS Value has ranged from 0.94 to 1.54 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Capital Markets company?
The median Median PS Value among Capital Markets companies is 1.03, based on 391 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Japan Exchange Group and its competitors. For the Capital Markets industry, the median Median PS Value is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Exchange Group's current Median PS Value is 円1,822.88, which is 168685% above median its own 10-year median of 1.08. 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 Median PS Value is 円1,822.88, which is 168685% above median its 10-year median of 1.08. Japan Exchange Group's overall GF Score™ is 87/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Japan Exchange Group (TSE:8697), the current Median PS Value is 円1,822.88 as of Jun. 28, 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:
Median PS Value: 円1,822.88 (168685% above median its 10-year median of 1.08)
GF Value™: 円1,810.51 vs. price of 円2,012.00 (11.1% above fair value)
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.
87GF Score
Get the complete analysis for TSE:8697
Median PS Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8697 has been successfully added to your 
