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Japan Exchange Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Japan Exchange Group and similar public comparables like TMX Group, BSE India, ASX, MCX India and more.
Japan Exchange Group Overview
About Japan Exchange Group
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.
Founded
1949
HQ

Employees
1.3K
Website
Sectors
Financials (LTM)
EV
$11B
Japan Exchange Group Financials
Japan Exchange Group reported last 12-month revenue of $1B and EBITDA of $789M.
In the same LTM period, Japan Exchange Group generated $789M in EBITDA and $489M in net income.
Revenue (LTM)
Japan Exchange Group P&L
In the most recent fiscal year, Japan Exchange Group reported revenue of $1B and EBITDA of $739M.
Japan Exchange Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $562M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $789M | XXX | $739M | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 65% | XXX | XXX | XXX |
| EBIT Margin | 57% | XXX | 56% | XXX | XXX | XXX |
| Net Profit | $489M | XXX | $428M | XXX | XXX | XXX |
| Net Margin | 39% | XXX | 38% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Japan Exchange Group Stock Performance
Japan Exchange Group has current market cap of $12B, and enterprise value of $11B.
Market Cap Evolution
Japan Exchange Group's stock price is $11.98.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $12B | 0.3% | XXX | XXX | XXX | $0.42 |
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Start Free TrialJapan Exchange Group Valuation Multiples
Japan Exchange Group trades at 8.9x EV/Revenue multiple, and 14.2x EV/EBITDA.
EV / Revenue (LTM)
Japan Exchange Group Financial Valuation Multiples
As of April 20, 2026, Japan Exchange Group has market cap of $12B and EV of $11B.
Equity research analysts estimate Japan Exchange Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Japan Exchange Group has a P/E ratio of 25.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 8.9x | XXX | 9.8x | XXX | XXX | XXX |
| EV/EBITDA | 14.2x | XXX | 15.1x | XXX | XXX | XXX |
| EV/EBIT | 15.7x | XXX | 17.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 19.9x | XXX | XXX | XXX |
| P/E | 25.2x | XXX | 28.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 25.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Japan Exchange Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Japan Exchange Group Margins & Growth Rates
Japan Exchange Group's revenue in the last 12 month grew by 11%.
Japan Exchange Group's revenue per employee in the last FY averaged $0.9M.
Japan Exchange Group's rule of 40 is 75% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Japan Exchange Group's rule of X is 95% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Japan Exchange Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 65% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 75% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 95% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Japan Exchange Group Public Comps
See public comps and valuation multiples for other Stock Exchanges comps.
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Japan Exchange Group M&A Activity
Japan Exchange Group acquired XXX companies to date.
Last acquisition by Japan Exchange Group was on XXXXXXXX, XXXXX. Japan Exchange Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Japan Exchange Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialJapan Exchange Group Investment Activity
Japan Exchange Group invested in XXX companies to date.
Japan Exchange Group made its latest investment on XXXXXXXX, XXXXX. Japan Exchange Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Japan Exchange Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Japan Exchange Group
| When was Japan Exchange Group founded? | Japan Exchange Group was founded in 1949. |
| Where is Japan Exchange Group headquartered? | Japan Exchange Group is headquartered in Japan. |
| How many employees does Japan Exchange Group have? | As of today, Japan Exchange Group has over 1K employees. |
| Who is the CEO of Japan Exchange Group? | Japan Exchange Group's CEO is Yamaji Hiromi. |
| Is Japan Exchange Group publicly listed? | Yes, Japan Exchange Group is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Japan Exchange Group? | Japan Exchange Group trades under 8697 ticker. |
| When did Japan Exchange Group go public? | Japan Exchange Group went public in 2013. |
| Who are competitors of Japan Exchange Group? | Japan Exchange Group main competitors are TMX Group, BSE India, ASX, MCX India. |
| What is the current market cap of Japan Exchange Group? | Japan Exchange Group's current market cap is $12B. |
| What is the current revenue of Japan Exchange Group? | Japan Exchange Group's last 12 months revenue is $1B. |
| What is the current revenue growth of Japan Exchange Group? | Japan Exchange Group revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Japan Exchange Group? | Current revenue multiple of Japan Exchange Group is 8.9x. |
| Is Japan Exchange Group profitable? | Yes, Japan Exchange Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Japan Exchange Group? | Japan Exchange Group's last 12 months EBITDA is $789M. |
| What is Japan Exchange Group's EBITDA margin? | Japan Exchange Group's last 12 months EBITDA margin is 63%. |
| What is the current EV/EBITDA multiple of Japan Exchange Group? | Current EBITDA multiple of Japan Exchange Group is 14.2x. |
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