Japan Exchange Group (FRA:OSK) Dividend Payout Ratio: 1.53 (As of Mar. 2026) — 155% Above Median


FRA:OSK Japan Exchange Group Inc FRA:OSK
86 GF Score
Price €10.80
GF Value €9.66
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Japan Exchange Group Dividend Payout Ratio?

Japan Exchange Group FRA:OSK -1.82% 86 Dividend Payout Ratio is 1.53 as of Mar. 2026, which is 155% above its 10-year median of 0.60. 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 327 Capital Markets companies, Japan Exchange Group ranks worse than 86.85% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Japan Exchange Group's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.53.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Japan Exchange Group Inc is 0.79, which seems too high.

The historical rank and industry rank for Japan Exchange Group's Dividend Payout Ratio or its related term are showing as below:

FRA:OSK' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.6   Max: 1.04
Current: 0.78

During the past 13 years, the highest Dividend Payout Ratio of Japan Exchange Group was 1.04. The lowest was 0.46. And the median was 0.60.

FRA:OSK's Dividend Payout Ratio is ranked worse than
86.85% of 327 companies
in the Capital Markets industry
Industry Median: 0.34 vs FRA:OSK: 0.78

As of today (2026-06-27), the Dividend Yield % of Japan Exchange Group is 3.02%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Japan Exchange Group was 4.42%. The lowest was 1.41%. And the median was 2.49%.

Japan Exchange Group's Dividends per Share for the months ended in Mar. 2026 was €0.20.

During the past 12 months, Japan Exchange Group's average Dividends Per Share Growth Rate was 71.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 32.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 16.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Japan Exchange Group was 58.70% per year. The lowest was -3.00% per year. And the median was 11.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Japan Exchange Group (FRA:OSK) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Japan Exchange Group Dividend Payout Ratio Related Terms

Japan Exchange Group Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Japan Exchange Group's Dividend Payout Ratio 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.

Japan Exchange Group Dividend Payout Ratio Chart

Japan Exchange Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.60 0.61 0.46 1.04

Japan Exchange Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.41 0.00 1.47 0.00 1.53

FRA:OSK vs SPGI, CME, ICE: Dividend Payout Ratio Comparison

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

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

* The bar in red indicates where Japan Exchange Group's Dividend Payout Ratio falls into.


FRA:OSK
86GF Score
Japan Exchange Group Inc FRA:OSK
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Exchange Group Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Japan Exchange Group's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=0.333/ 0.32
=1.04

Japan Exchange Group's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.196/ 0.128
=1.53

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.53 mean?
Japan Exchange Group (FRA:OSK) has a Dividend Payout Ratio of 1.53 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Japan Exchange Group and its competitors. This is 155% above median its historical median of 0.60. Over the past decade, Japan Exchange Group's Dividend Payout Ratio has ranged from 0.46 to 1.04. According to the industry distribution chart, Japan Exchange Group ranks #284 out of 327 companies in the Capital Markets industry, placing it in the top 86.9%.
Is Japan Exchange Group's Dividend Payout Ratio too high?
Japan Exchange Group's current Dividend Payout Ratio of 1.53 is 155% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.04. The Capital Markets industry median Dividend Payout Ratio is 0.34. Japan Exchange Group's value of 1.53 is 350% above this industry median. Based on the distribution chart, Japan Exchange Group ranks #284 out of 327 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. 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 Dividend Payout Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Japan Exchange Group ranks #284 out of 327 companies for Dividend Payout Ratio. This places Japan Exchange Group in the lower half of its industry. The industry median Dividend Payout Ratio is 0.34. Japan Exchange Group's value of 1.53 is 350% above this benchmark. Historically, Japan Exchange Group's own Dividend Payout Ratio has ranged from 0.46 to 1.04 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.34, 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 Dividend Payout Ratio for a Capital Markets company?
The median Dividend Payout Ratio among Capital Markets companies is 0.34, based on 327 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Exchange Group's current Dividend Payout Ratio of 1.53 is 350% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Japan Exchange Group and its competitors. For the Capital Markets industry, the median Dividend Payout Ratio is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Exchange Group's current Dividend Payout Ratio is 1.53, which is 155% above median its own 10-year median of 0.60. 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 €10.80 — trading 11.8% above its estimated fair value. The current Dividend Payout Ratio is 1.53, which is 155% above median its 10-year median of 0.60 and 350% above the Capital Markets industry median of 0.34. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Japan Exchange Group (FRA:OSK), the current Dividend Payout Ratio is 1.53 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 €10.80 is trading 11.8% above its estimated GF Value™ of €9.66. GuruFocus considers Japan Exchange Group to be Modestly Overvalued.

Key valuation signals for FRA:OSK:

  • Dividend Payout Ratio: 1.53 (155% above median its 10-year median of 0.60)
  • GF Value™: €9.66 vs. price of €10.80 (11.8% above fair value)
  • GF Score™: 86/100 with 8 warning signs
  • Industry Position: 350% above the Capital Markets median (#284 of 327)

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.
86GF Score

Get the complete analysis for FRA:OSK

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

€10.80
Price
€9.66
GF Value