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STOCK COMPARISON

Japan Exchange Group vs S&P Global: Fair Value & Quality

Both stocks run through our valuation models. Here is how Japan Exchange Group (OSCUF) and S&P Global (SPGI) compare, as of Sep 27, 2026.

As of Sep 27, 2026, Fair Value Calculator sees Japan Exchange Group as the less overvalued of the two: Japan Exchange Group trades at $16.17 versus a fair value of $10.95 (−32.3%), while S&P Global trades at $403 versus $217 (−46.3%).
Japan Exchange Group
OSCUF · USD · Financials
−32.3%
upside to fair value
overvalued
Price$16.17
Fair Value$10.95
Quality69/100
S&P Global
SPGI · USD · Financials
−46.3%
upside to fair value
overvalued
Price$403
Fair Value$217
Quality80/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Japan Exchange GroupS&P Global
Valuation
43.7×P/E (TTM)24.3×
n/aP/E ex one-offs (FY2025)31.0×
n/aForward P/E (FY2026)22.6×
11.92×P/S (TTM)7.39×
6.82×P/B3.82× · book value is mostly goodwill
17.0×EV/EBITDA15.9×
350.64×PEG1.92×
−32.3%Fair value upside−46.3%
2.6%Dividend yield1.0%
$61.00Dividend per share$3.86
Profitability
58.7%Operating margin44.8%
1.03×EBIT margin trend (5Y)0.87×
23.0%Return on equity14.3%
0.1%Return on assets7.0%
Growth
45.4%Revenue growth (YoY)10.4%
14.2%Avg. growth/yr (3Y)11.1%
8.4%Avg. growth/yr (5Y)15.6%
n/aValue creation/yr+8.5%
Balance & size
389.2×Interest coverage (EBIT/interest)22.6×
n/aDebt / equity0.40×
$15BMarket cap$119B
healthyGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.

Even match: 6 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Japan Exchange Groupof which business quality 61 · market factors 74 S&P Globalof which business quality 75 · market factors 42
ProfitabilityMargins and returns on capital today
41
50
Quality GrowthAre margins and returns improving?
72
59
CashflowEarnings quality: real cash, not paper profit
89
88
Fin. StrengthBalance sheet, leverage, solvency risk
1
66
InvestmentDisciplined investing over empire-building
94
100
Low VolatilityCalm price path (market factor)
47
60
MomentumPrice trend over the last 3–12 months (market factor)
80
42
52W MomentumDistance to the 52-week high (market factor)
96
22
Net IssuanceShare count: buybacks or dilution?
100
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyJapan Exchange GroupPrice $16.17S&P GlobalPrice $403
DCF Models+10,141.0%above the price$1,656−44.6%below the price$223
Earnings-Based+9,254.6%above the price$1,513−46.7%below the price$215
Dividend Discountn/a−83.1%below the price$68.28
Multiples+4,476.5%above the price$740−57.2%below the price$173
Asset-Based+1,299.5%above the price$226−82.4%below the price$70.99
Growth DCF+10,090.0%above the price$1,648−46.1%below the price$217
Economic Profit+4,151.0%above the price$687−66.8%below the price$134
Minimum+1,299.5%above the price$226−83.1%below the price$68.28
Maximum+10,141.0%above the price$1,656−44.6%below the price$223
Median+6,865.6%above the price$1,126−57.2%below the price$173
Geometric mean+5,362.9%above the price$883−64.8%below the price$142

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Japan Exchange Group: 0 of 11 models see the stock below the current price.

S&P Global: 13 of 13 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Japan Exchange Group
Price $16.17
Fair Value $10.95
Bear $4.76Bull $15.63
S&P Global
Price $403
Fair Value $217
Bear $141Bull $308

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Japan Exchange Group · Financials

Quality score69 · Top 25%
Fair value upside−32.3% · below median

S&P Global · Financials

Quality score80 · Top 25%
Fair value upside−46.3% · bottom 25%

Bottom line

As of Sep 27, 2026, Fair Value Calculator sees Japan Exchange Group as the less overvalued of the two: Japan Exchange Group trades at $16.17 versus a fair value of $10.95 (−32.3%), while S&P Global trades at $403 versus $217 (−46.3%).

S&P Global has the higher quality score (80/100).

Open Japan Exchange Group live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.