Japan Exchange Group (FRA:OSK) ROCE %: 38.34% (As of Mar. 2026)


FRA:OSK Japan Exchange Group Inc FRA:OSK
86 GF Score
Price €11.00
GF Value €9.66
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Japan Exchange Group ROCE %?

Japan Exchange Group FRA:OSK +0.92% 86 ROCE % is 38.34% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Japan Exchange Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 38.34%.

Japan Exchange Group  (FRA:OSK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Japan Exchange Group ROCE % Related Terms

Japan Exchange Group ROCE % Historical Data

* Premium members only.

The historical data trend for Japan Exchange Group's ROCE % 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 ROCE % Chart

Japan Exchange Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.45 18.37 22.56 31.20 22.47

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
ROCE % 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 22.17 26.94 28.28 32.07 38.34
FRA:OSK
86GF Score
Japan Exchange Group Inc FRA:OSK
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Exchange Group ROCE % Calculation

Japan Exchange Group's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=493.055/( ( (529942.814 - 527569.523) + (390298.53 - 388284.185) )/ 2 )
=493.055/( (2373.291+2014.345)/ 2 )
=493.055/2193.818
=22.47 %

Japan Exchange Group's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=770.312/( ( (392933.279 - 390929.694) + (390298.53 - 388284.185) )/ 2 )
=770.312/( ( 2003.585 + 2014.345 )/ 2 )
=770.312/2008.965
=38.34 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 38.34% mean?
Japan Exchange Group (FRA:OSK) has a ROCE % of 38.34% as of Mar. 2026.
Is Japan Exchange Group's ROCE % too high?
Japan Exchange Group's current ROCE % is 38.34%. The Capital Markets industry median ROCE % is 5.58. Japan Exchange Group's value of 38.34% is 587.7% above this industry median. 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 ROCE % compare to SPGI and CME?
Japan Exchange Group's ROCE % of 38.34% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Japan Exchange Group's value of 38.34% is 587.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Japan Exchange Group's current ROCE % of 38.34% is 587.7% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Exchange Group's current ROCE % is 38.34%. 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 €11.00 — trading 13.9% above its estimated fair value. The current ROCE % is 38.34% and 587.7% above the Capital Markets industry median of 5.58. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Japan Exchange Group (FRA:OSK), the current ROCE % is 38.34% 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 €11.00 is trading 13.9% above its estimated GF Value™ of €9.66. GuruFocus considers Japan Exchange Group to be Modestly Overvalued.

Key valuation signals for FRA:OSK:

  • ROCE %: 38.34%
  • GF Value™: €9.66 vs. price of €11.00 (13.9% above fair value)
  • GF Score™: 86/100 with 8 warning signs
  • Industry Position: 587.7% above the Capital Markets median

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

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

€11.00
Price
€9.66
GF Value