Japan Exchange Group (FRA:OSK) Moat Score: 6/10 (As of Jun. 28, 2026)


FRA:OSK Japan Exchange Group Inc FRA:OSK
87 GF Score
Price €10.80
GF Value €9.72
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Japan Exchange Group Moat Score?

Japan Exchange Group FRA:OSK -1.82% 87 Moat Score is 6 as of Jun. 28, 2026. GuruFocus rates FRA:OSK with a GF Score™ of 87/100 and a GF Value™ of €9.72 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 841 Capital Markets companies, Japan Exchange Group ranks better than 97.5% on this metric.

Japan Exchange Group has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Japan Exchange Group has Narrow Moat: Japan Exchange Group has a strong narrow moat due to its dominant position in Japan's financial markets. It benefits from network effects, regulatory barriers, and a strong brand, but faces challenges from global competition and technological advancements.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Japan Exchange Group might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Japan Exchange Group  (FRA:OSK) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Japan Exchange Group Moat Score Related Terms

FRA:OSK vs SPGI, CME, MCO: Moat Score Comparison

For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Japan Exchange Group's Moat Score distribution charts can be found below:

* The bar in red indicates where Japan Exchange Group's Moat Score falls into.


FRA:OSK
87GF Score
Japan Exchange Group Inc FRA:OSK
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Japan Exchange Group (FRA:OSK) has a Moat Score of 6 as of Jun. 28, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Japan Exchange Group ranks #21 out of 841 companies in the Capital Markets industry, placing it in the top 2.5%.
Is Japan Exchange Group's Moat Score too high?
Japan Exchange Group's current Moat Score is 6. Based on the distribution chart, Japan Exchange Group ranks #21 out of 841 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Japan Exchange Group ranks #21 out of 841 companies for Moat Score. This places Japan Exchange Group in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Capital Markets company?
A good Moat Score depends on the Capital Markets industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Japan Exchange Group's current Moat Score is 6. 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 €9.72, compared to a current price of €10.80 — trading 11.1% above its estimated fair value. The current Moat Score is 6. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Japan Exchange Group (FRA:OSK), the current Moat Score is 6 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 (FRA:OSK) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Exchange Group stock appears to be overvalued. The current stock price of €10.80 is trading 11.1% above its estimated GF Value™ of €9.72. GuruFocus considers Japan Exchange Group to be Modestly Overvalued.

Key valuation signals for FRA:OSK:

  • Moat Score: 6
  • GF Value™: €9.72 vs. price of €10.80 (11.1% above fair value)
  • GF Score™: 87/100 with 7 warning signs

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 Business Description

Address 2-1 Kabutocho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8224
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

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€10.80
Price
€9.72
GF Value