Japan Exchange GroupFRA:OSK 86 PS Ratio is 10.13 as of Jul. 01, 2026, which is 7% above its 10-year median of 9.43. GuruFocus rates FRA:OSK with a GF Score™ of 86/100 and a GF Value™ of €9.72 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 759 Capital Markets companies, Japan Exchange Group ranks worse than 76.81% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Japan Exchange Group's share price is €11.00.
Japan Exchange Group's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €1.09. Hence, Japan Exchange Group's PS Ratio for today is 10.13.
Warning Sign:
Japan Exchange Group Inc stock PS Ratio (=12.75) is close to 2-year high of 13.25.
The historical rank and industry rank for Japan Exchange Group's PS Ratio or its related term are showing as below:
FRA:OSK'
s PS Ratio Range Over the Past 10 Years
Min: 5.44 Med: 9.43 Max: 14.3
Current: 10.47
During the past 13 years, Japan Exchange Group's highest PS Ratio was 14.30. The lowest was 5.44. And the median was 9.43.
FRA:OSK's PS Ratio is ranked worse than 76.81% of 759
companies
in the Capital Markets industry
Industry Median: 4.18
vs FRA:OSK: 10.47
Japan Exchange Group Inc revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Japan Exchange Group was -18.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 7.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 7.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 5.40% per year.
During the past 13 years, Japan Exchange Group's highest 3-Year average Revenue per Share Growth Rate was 35.40% per year. The lowest was -1.00% per year. And the median was 5.95% per year.
Back to Basics: PS Ratio
Japan Exchange Group (FRA:OSK) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Japan Exchange Group PS Ratio Related Terms
Japan Exchange Group PS Ratio Historical Data
* Premium members only.
The historical data trend for Japan Exchange Group's PS 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.
For the Financial Data & Stock Exchanges subindustry, Japan Exchange Group's PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Japan Exchange Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where Japan Exchange Group's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Japan Exchange Group's Share Price of today is €11.00. 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 €1.09.
* 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.
It can also be calculated from the numbers for the whole company:
Japan Exchange Group (FRA:OSK) has a PS Ratio of 10.13 as of Jul. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Japan Exchange Group and its competitors. This is near median its historical median of 9.43. Over the past decade, Japan Exchange Group's PS Ratio has ranged from 5.44 to 14.30. According to the industry distribution chart, Japan Exchange Group ranks #583 out of 759 companies in the Capital Markets industry, placing it in the top 76.8%.
Is Japan Exchange Group's PS Ratio too high?
Japan Exchange Group's current PS Ratio of 10.13 is near median its 10-year median of 9.43. Over the past 10 years, this metric has ranged from a low of 5.44 to a high of 14.30. The Capital Markets industry median PS Ratio is 4.18. Japan Exchange Group's value of 10.13 is 142.3% above this industry median. Based on the distribution chart, Japan Exchange Group ranks #583 out of 759 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 PS Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Japan Exchange Group ranks #583 out of 759 companies for PS Ratio. This places Japan Exchange Group in the lower half of its industry. The industry median PS Ratio is 4.18. Japan Exchange Group's value of 10.13 is 142.3% above this benchmark. Historically, Japan Exchange Group's own PS Ratio has ranged from 5.44 to 14.30 over the past decade. While the company's 10-year median is 9.43 vs. the industry median of 4.18, 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 PS Ratio for a Capital Markets company?
The median PS Ratio among Capital Markets companies is 4.18, based on 759 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Exchange Group's current PS Ratio of 10.13 is 142.3% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Japan Exchange Group and its competitors. For the Capital Markets industry, the median PS Ratio is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Exchange Group's current PS Ratio is 10.13, which is near median its own 10-year median of 9.43. 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 €11.00 — trading 13.2% above its estimated fair value. The current PS Ratio is 10.13, which is near median its 10-year median of 9.43 and 142.3% above the Capital Markets industry median of 4.18. Japan Exchange Group's overall GF Score™ is 86/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Japan Exchange Group (FRA:OSK), the current PS Ratio is 10.13 as of Jul. 01, 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 13.2% above its estimated GF Value™ of €9.72.
GuruFocus considers Japan Exchange Group to be Modestly Overvalued.
Key valuation signals for FRA:OSK:
PS Ratio: 10.13 (near median its 10-year median of 9.43)
GF Value™: €9.72 vs. price of €11.00 (13.2% above fair value)
Industry Position: 142.3% above the Capital Markets median (#583 of 759)
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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