Japan Exchange Group
Financial ratios & Valuation

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
27.1510.1510.3110.4010.8010.4113.6011.9411.4517.0415.8210.80
Price/Sales ratio
8.773.844.024.344.363.975.224.393.946.7811.894.36
Price/Book Value ratio
3.961.771.681.911.851.662.171.881.693.152.981.85
Price/Cash Flow ratio
25.027.469.157.9510.048.719.7410.257.9313.0313.0710.04
Price/Free Cash Flow ratio
45.619.5911.939.7413.5511.4412.4113.789.5414.1930.5513.55
Price/Earnings Growth ratio
8.070.06-1.780.46-3.94-3.571.70-6.94-1.700.510.07-3.94
Dividend Yield
1.32%4.45%6.31%5.12%7.08%7.24%4.29%6.08%7.17%3.42%2.64%7.24%
Profitability Indicator Ratios
Gross Profit Margin
49.78%56.61%53.47%80.86%78.47%76.76%78.58%78.45%76.97%80.33%74.34%76.76%
Operating Profit Margin
50.26%56.77%53.61%57.91%55.40%53.00%54.07%53.38%49.76%56.26%53.83%53.83%
Pretax Profit Margin
51.54%57.21%56.17%60.33%58.31%55.42%54.20%53.35%49.73%57.17%54.16%55.42%
Net Profit Margin
32.33%37.88%39.04%41.72%40.41%38.19%38.43%36.83%34.45%39.78%37.58%38.19%
Effective Tax Rate
36.75%33.34%30.09%30.62%30.02%30.07%31.34%31.22%31.37%29.11%30.13%30.02%
Return on Assets
0.12%0.15%0.10%0.12%0.09%0.07%0.08%0.06%0.05%0.07%0.07%0.07%
Return On Equity
14.61%17.44%16.33%18.44%17.21%15.96%15.98%15.82%14.81%18.52%18.34%17.21%
Return on Capital Employed
20.75%23.20%18.67%22.22%20.67%19.49%20.05%20.38%18.90%23.07%23.73%20.67%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.00N/A
Quick Ratio
0.931.001.001.001.001.001.001.001.001.001.001.00
Cash ratio
0.001.000.080.000.000.000.000.000.000.000.000.00
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/A46.6751.53N/A
Days of Inventory outstanding
12.28KN/AN/AN/AN/AN/AN/AN/AN/A-5.43KN/AN/A
Operating Cycle
12.28KN/AN/AN/AN/AN/AN/AN/AN/A-5.38K51.53N/A
Days of Payables Outstanding
32.1631.3423.1988.1361.7683.7152.6660.12104.6851.4076.8661.76
Cash Conversion Cycle
12.25K-31.34-23.19-88.13-61.76-83.71-52.66-60.12-104.68-5.43K-25.33-61.76
Debt Ratios
Debt Ratio
0.000.000.000.000.000.000.000.000.000.000.000.00
Debt Equity Ratio
0.130.120.200.190.180.170.160.160.160.150.160.17
Long-term Debt to Capitalization
N/A0.030.100.060.060.060.050.050.060.050.060.06
Total Debt to Capitalization
0.120.110.160.160.150.140.140.140.140.130.140.14
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.59KN/A
Cash Flow to Debt Ratio
1.141.870.901.251.001.081.361.101.261.511.351.00
Company Equity Multiplier
117.76114.88160.06150.91189.71225.62186.92226.39262.80245.71266.74189.71
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.350.510.430.540.430.450.530.420.490.520.450.43
Free Cash Flow / Operating Cash Flow Ratio
0.540.770.760.810.740.760.780.740.830.910.850.74
Cash Flow Coverage Ratio
1.141.870.901.251.001.081.361.101.261.511.351.00
Short Term Coverage Ratio
1.142.712.102.031.621.752.201.792.022.442.191.62
Dividend Payout Ratio
35.88%45.26%65.07%53.35%76.53%75.47%58.44%72.60%82.12%58.46%27.51%75.47%