Japan Exchange Group, Inc.

TSE:8697 Stock Report

Market Cap: JP¥2.0t

Japan Exchange Group Valuation

Is 8697 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 8697 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8697 (¥1932) is trading above our estimate of fair value (¥961.77)

Significantly Below Fair Value: 8697 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8697?

Other financial metrics that can be useful for relative valuation.

8697 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.3x
Enterprise Value/EBITDA18.5x
PEG Ratio15.8x

Price to Earnings Ratio vs Peers

How does 8697's PE Ratio compare to its peers?

The above table shows the PE ratio for 8697 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.4x
4765 SBI Global Asset Management
34.7xn/aJP¥56.7b
8604 Nomura Holdings
9.9x-0.4%JP¥2.7t
8601 Daiwa Securities Group
9.9x1.4%JP¥1.4t
8421 Shinkin Central Bank
55xn/aJP¥1.9t
8697 Japan Exchange Group
32.6x2.1%JP¥2.0t

Price-To-Earnings vs Peers: 8697 is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the peer average (27.4x).

Price to Earnings Ratio vs Industry

How does 8697's PE Ratio compare vs other companies in the JP Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.0%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.0%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 8697 is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the JP Capital Markets industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is 8697's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8697 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.6x
Fair PE Ratio15.6x

Price-To-Earnings vs Fair Ratio: 8697 is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 8697 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentJP¥1,932.00
JP¥1,752.50
-9.3%
19.9%JP¥2,300.00JP¥1,390.00n/a4
Nov ’25JP¥1,774.50
JP¥1,735.00
-2.2%
20.2%JP¥2,300.00JP¥1,390.00n/a4
Oct ’25JP¥1,950.00
JP¥1,541.25
-21.0%
36.7%JP¥2,300.00JP¥750.00n/a4
Sep ’25JP¥1,684.00
JP¥1,778.75
+5.6%
24.7%JP¥2,500.00JP¥1,365.00n/a4
Aug ’25JP¥1,727.50
JP¥1,778.75
+3.0%
24.7%JP¥2,500.00JP¥1,365.00n/a4
Jul ’25JP¥1,854.50
JP¥1,758.75
-5.2%
25.9%JP¥2,500.00JP¥1,310.00n/a4
Jun ’25JP¥1,843.00
JP¥1,758.75
-4.6%
25.9%JP¥2,500.00JP¥1,310.00n/a4
May ’25JP¥1,778.50
JP¥1,708.75
-3.9%
27.2%JP¥2,500.00JP¥1,310.00n/a4
Apr ’25JP¥1,985.00
JP¥1,687.50
-15.0%
28.5%JP¥2,500.00JP¥1,260.00n/a4
Mar ’25JP¥2,017.50
JP¥1,666.25
-17.4%
29.6%JP¥2,500.00JP¥1,260.00n/a4
Feb ’25JP¥1,661.50
JP¥1,482.50
-10.8%
14.4%JP¥1,800.00JP¥1,260.00n/a4
Jan ’25JP¥1,491.50
JP¥1,428.75
-4.2%
15.7%JP¥1,800.00JP¥1,210.00n/a4
Dec ’24JP¥1,502.50
JP¥1,428.75
-4.9%
15.7%JP¥1,800.00JP¥1,210.00n/a4
Nov ’24JP¥1,532.00
JP¥1,428.75
-6.7%
15.7%JP¥1,800.00JP¥1,210.00JP¥1,774.504
Oct ’24JP¥1,387.00
JP¥1,377.50
-0.7%
17.7%JP¥1,800.00JP¥1,210.00JP¥1,950.004
Sep ’24JP¥1,282.25
JP¥1,308.75
+2.1%
13.2%JP¥1,600.00JP¥1,150.00JP¥1,684.004
Aug ’24JP¥1,242.75
JP¥1,221.25
-1.7%
3.4%JP¥1,250.00JP¥1,150.00JP¥1,727.504
Jul ’24JP¥1,254.00
JP¥1,168.75
-6.8%
5.4%JP¥1,250.00JP¥1,100.00JP¥1,854.504
Jun ’24JP¥1,139.25
JP¥1,143.75
+0.4%
5.4%JP¥1,250.00JP¥1,100.00JP¥1,843.004
May ’24JP¥1,108.75
JP¥1,128.33
+1.8%
7.7%JP¥1,250.00JP¥1,050.00JP¥1,778.503
Apr ’24JP¥1,009.25
JP¥1,105.00
+9.5%
9.4%JP¥1,250.00JP¥1,015.00JP¥1,985.003
Mar ’24JP¥995.75
JP¥1,105.00
+11.0%
9.4%JP¥1,250.00JP¥1,015.00JP¥2,017.503
Feb ’24JP¥970.25
JP¥1,046.67
+7.9%
11.7%JP¥1,200.00JP¥900.00JP¥1,661.503
Jan ’24JP¥948.75
JP¥1,053.33
+11.0%
11.6%JP¥1,200.00JP¥900.00JP¥1,491.503
Dec ’23JP¥991.75
JP¥1,070.00
+7.9%
10.3%JP¥1,200.00JP¥900.00JP¥1,502.504
Nov ’23JP¥968.75
JP¥1,180.00
+21.8%
15.8%JP¥1,500.00JP¥1,050.00JP¥1,532.004

Analyst Forecast: Target price is lower than the current share price.

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