Japan Exchange Group (JPXGY) AI Stock Analysis

• Market Cap: $12.55B
• Dividend Yield: 3.07%
• Average Volume (3M): 2.22K
• Price to Earnings (P/E): 20.6
• Beta (1Y): 0.40
• Revenue Growth: 7.12%
• EPS Growth: 4.13%
• Country: US
• Employees: 1,249
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 0.13
• Shares Outstanding: 1,031,785,300
• 10 Day Avg. Volume: 2,907
• 30 Day Avg. Volume: 2,216
• PEG Ratio: 113.44
• Price to Book (P/B): 9.39
• Price to Sales (P/S): 19.50
• P/FCF Ratio: 45.10
• Enterprise Value/Market Cap: 151.09
• Enterprise Value/Revenue: 11.35
• Enterprise Value/Gross Profit: 17.29
• Enterprise Value/Ebitda: 17.34
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: $15.50 ▲(40.02% Upside)
• Action: Reiterated Date: 10/22/25
• Date: Action: Reiterated 10/22/25

Japan Exchange Group demonstrates strong financial performance with consistent revenue growth and robust cash flow generation, which significantly supports its stock score. Technical analysis indicates bullish momentum, although the stock is nearing overbought levels, suggesting caution. The high P/E ratio raises valuation concerns, slightly offset by a modest dividend yield. Overall, the stock is fundamentally strong but may face short-term technical corrections.

Positive Factors

Conservative leverage & strong ROE

JPX's very low debt-to-equity ratio (0.15) alongside a high 17.9% ROE in 2025 shows it generates strong returns while keeping leverage conservative. This durable capital structure reduces refinancing and interest-rate risk, preserving financial flexibility for strategic investments over months.

Negative Factors

Material gross margin compression

A substantial gross margin drop from 80.3% to 54.3% within a year signals meaningful mix or cost pressures that can materially affect core profitability. If structural (pricing, product mix, regulatory cost), this reduction could persist and compress operating leverage over the coming months.

Japan Exchange Group Business Overview & Revenue Model

Company Description

Japan Exchange Group, Inc. provides and operates markets for exchange-traded financial instruments in Japan. The company offers market facilities for securities, securities index futures, securities options, commodity futures, and commodity index ...

Read more

Japan Exchange Group, Inc. provides and operates markets for exchange-traded financial instruments in Japan. The company offers market facilities for securities, securities index futures, securities options, commodity futures, and commodity index ...

How the Company Makes Money

Japan Exchange Group generates revenue through several key streams. Primarily, it earns fees from trading activities on its exchanges, which include transaction fees charged to brokers and investors for executing trades. Additionally, JPXGY collec...

Read more

Japan Exchange Group generates revenue through several key streams. Primarily, it earns fees from trading activities on its exchanges, which include transaction fees charged to brokers and investors for executing trades. Additionally, JPXGY collec...

Japan Exchange Group Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	167.13B	164.17B	157.80B	134.50B	135.64B	133.70B
Gross Profit	109.70B	89.09B	86.02B	66.93B	72.41B	72.30B
EBITDA	109.40B	108.81B	105.81B	87.27B	91.06B	91.61B
Net Income	62.35B	61.09B	60.82B	46.34B	49.95B	51.39B
Balance Sheet
Total Assets	72.35T	85.40T	80.68T	82.19T	71.46T	60.08T
Cash, Cash Equivalents and Short-Term Investments	61.84B	255.34B	238.83B	211.21B	211.35B	225.01B
Total Debt	52.49B	52.49B	52.48B	52.97B	52.47B	52.46B
Total Liabilities	72.02T	85.05T	80.34T	81.87T	71.14T	59.75T
Stockholders Equity	313.08B	340.82B	328.36B	312.73B	315.65B	321.39B
Cash Flow
Free Cash Flow	0.00	70.98B	73.02B	55.58B	43.26B	56.31B
Operating Cash Flow	0.00	86.14B	79.57B	66.88B	58.19B	71.75B
Investing Cash Flow	0.00	-61.22B	-7.17B	-8.52B	-13.30B	-1.51B
Financing Cash Flow	0.00	-54.50B	-43.20B	-52.90B	-59.75B	-33.93B

Japan Exchange Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JPXGY, the sentiment is Positive. The current price of 11.07 is below the 20-day moving average (MA) of 11.76, below the 50-day MA of 11.84, and below the 200-day MA of 11.11, indicating a bullish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 51.22 is Neutral, neither overbought nor oversold. The STOCH value of 90.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JPXGY.

Japan Exchange Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CME	85 Outperform	$108.60B	24.28	14.48%	3.92%	5.84%	8.51%
CBOE	80 Outperform	$31.08B	23.89	22.99%	1.06%	16.74%	26.74%
FDS	77 Outperform	$8.12B	15.04	27.22%	1.49%	5.88%	12.18%
JPXGY	74 Outperform	$12.55B	20.65	21.27%	3.07%	7.12%	4.13%
ICE	72 Outperform	$95.29B	28.00	11.60%	1.19%	8.96%	30.16%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NDAQ	65 Neutral	$50.07B	26.70	15.03%	1.07%	16.41%	68.03%