Header cover image

Japanese (NIKKEI) Market Analysis & Valuation

UpdatedApr 27, 2024
DataAggregated Company Financials
Companies3987
  • 7D2.2%
  • 3M6.5%
  • 1Y27.7%
  • YTD11.5%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector declined by 3.1%. As for the longer term, the market has risen 28% in the past 12 months. Earnings are forecast to grow by 9.5% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Japanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Apr 2024JP¥952.9tJP¥974.9tJP¥57.2t14.4x16.7x1x
Mon, 25 Mar 2024JP¥1002.4tJP¥976.4tJP¥56.9t14.9x17.6x1x
Wed, 21 Feb 2024JP¥943.7tJP¥976.9tJP¥56.9t14.4x16.6x1x
Fri, 19 Jan 2024JP¥895.5tJP¥971.4tJP¥52.5t14.4x17.1x0.9x
Sun, 17 Dec 2023JP¥845.5tJP¥974.4tJP¥52.5t13.9x16.1x0.9x
Tue, 14 Nov 2023JP¥849.0tJP¥976.8tJP¥52.6t13.9x16.1x0.9x
Thu, 12 Oct 2023JP¥839.4tJP¥971.3tJP¥55.2t14x15.2x0.9x
Sat, 09 Sep 2023JP¥858.7tJP¥971.2tJP¥55.2t14.4x15.5x0.9x
Mon, 07 Aug 2023JP¥829.3tJP¥964.1tJP¥52.6t13.9x15.8x0.9x
Wed, 05 Jul 2023JP¥841.7tJP¥957.1tJP¥50.6t14.1x16.6x0.9x
Fri, 02 Jun 2023JP¥785.6tJP¥958.8tJP¥51.1t13.3x15.4x0.8x
Sun, 30 Apr 2023JP¥756.7tJP¥941.1tJP¥47.8t13.3x15.8x0.8x
Tue, 28 Mar 2023JP¥722.6tJP¥933.8tJP¥46.6t12.8x15.5x0.8x
Thu, 23 Feb 2023JP¥728.5tJP¥934.4tJP¥46.7t12.7x15.6x0.8x
Sat, 21 Jan 2023JP¥710.3tJP¥903.2tJP¥49.0t12.3x14.5x0.8x
Mon, 19 Dec 2022JP¥723.1tJP¥903.1tJP¥49.1t12.4x14.7x0.8x
Wed, 16 Nov 2022JP¥727.9tJP¥899.8tJP¥49.9t12.3x14.6x0.8x
Fri, 14 Oct 2022JP¥692.0tJP¥863.5tJP¥45.7t12.1x15.2x0.8x
Sun, 11 Sep 2022JP¥732.2tJP¥863.1tJP¥45.6t12.7x16.1x0.8x
Tue, 09 Aug 2022JP¥727.3tJP¥856.3tJP¥49.2t12.7x14.8x0.8x
Thu, 07 Jul 2022JP¥693.2tJP¥838.2tJP¥53.3t12.3x13x0.8x
Sat, 04 Jun 2022JP¥717.9tJP¥838.7tJP¥49.5t12.6x14.5x0.9x
Mon, 02 May 2022JP¥709.9tJP¥822.7tJP¥52.0t12.3x13.7x0.9x
Wed, 30 Mar 2022JP¥742.5tJP¥819.3tJP¥51.0t12.7x14.6x0.9x
Fri, 25 Feb 2022JP¥695.5tJP¥821.2tJP¥50.8t12.1x13.7x0.8x
Sun, 23 Jan 2022JP¥722.1tJP¥804.9tJP¥48.5t12.5x14.9x0.9x
Tue, 21 Dec 2021JP¥731.7tJP¥800.0tJP¥48.4t12.8x15.1x0.9x
Thu, 18 Nov 2021JP¥772.8tJP¥800.2tJP¥48.5t13.5x15.9x1x
Sat, 16 Oct 2021JP¥767.6tJP¥787.5tJP¥44.8t14.4x17.1x1x
Mon, 13 Sep 2021JP¥793.1tJP¥788.3tJP¥44.7t15.3x17.8x1x
Wed, 11 Aug 2021JP¥740.9tJP¥788.7tJP¥44.6t14.7x16.6x0.9x
Sun, 06 Jun 2021JP¥729.7tJP¥757.7tJP¥35.4t16x20.6x1x
Price to Earnings Ratio

20.7x


Total Market Cap: JP¥723.2tTotal Earnings: JP¥35.0tTotal Revenue: JP¥757.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 17.6x202220232024
Current Market PE
  • Investors are relatively neutral on the Japanese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 17.6x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 18% per year over the last three years.
  • Revenues for these companies have grown 8.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Japanese Market?

JP Market2.20%
Healthcare3.28%
Financials3.23%
Industrials3.06%
Consumer Staples2.62%
Tech2.55%
Telecom2.23%
Real Estate1.37%
Consumer Discretionary0.90%
Materials0.32%
Energy-0.21%
Utilities-0.61%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 12.7%, which is higher than its past year's earnings growth of 3.9% per year.
  • The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 5.9% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
6861 KeyenceJP¥69.61k11.2%
+JP¥1.7t		13.9%PE45.7xTech
6098 Recruit HoldingsJP¥6.64k8.7%
+JP¥816.4b		73.7%PE29.9xIndustrials
4568 Daiichi Sankyo CompanyJP¥5.01k8.1%
+JP¥717.4b		7.8%PE47.9xHealthcare
8306 Mitsubishi UFJ Financial GroupJP¥1.55k3.5%
+JP¥621.4b		82.0%PB1xFinancials
8031 MitsuiJP¥7.52k5.5%
+JP¥589.9b		77.8%PE11.1xIndustrials
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Header cover image

Destiny Tech100's Wild Ride And All Things ETFs

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Have you heard of Destiny Tech 100? It’s a recently listed fund that seems to have become an instant meme stock and caught some ETF investors off-guard...

Continue reading

Tailwinds and Headwinds In The Wind Industry
Last Week

Tailwinds and Headwinds In The Wind Industry

Latest News

4063

JP¥5,906.00

Shin-Etsu Chemical

7D

-3.6%

1Y

52.9%

7751

JP¥4,214.00

Canon

7D

-3.1%

1Y

30.1%

Canon Inc. Just Missed Earnings - But Analysts Have Updated Their Models

Apr 27
Canon Inc. Just Missed Earnings - But Analysts Have Updated Their Models

4519

JP¥4,852.00

Chugai Pharmaceutical

7D

-1.4%

1Y

38.5%

Chugai Pharmaceutical Co., Ltd. (TSE:4519) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Apr 26
Chugai Pharmaceutical Co., Ltd. (TSE:4519) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

6861

JP¥69,610.00

Keyence

7D

11.2%

1Y

13.9%

6146

JP¥46,010.00

Disco

7D

-7.6%

1Y

198.6%

4568

JP¥5,010.00

Daiichi Sankyo Company

7D

8.1%

1Y

7.8%

7203

JP¥3,510.00

Toyota Motor

7D

-0.3%

1Y

89.0%

8306

JP¥1,552.50

Mitsubishi UFJ Financial Group

7D

3.5%

1Y

82.0%

7259

JP¥5,637.00

Aisin

7D

-7.1%

1Y

41.8%

Here's Why Aisin (TSE:7259) Can Manage Its Debt Responsibly

Apr 26
Here's Why Aisin (TSE:7259) Can Manage Its Debt Responsibly

6367

JP¥21,160.00

Daikin IndustriesLtd

7D

10.1%

1Y

-14.1%

6902

JP¥2,757.00

DENSO

7D

-2.2%

1Y

35.3%

These 4 Measures Indicate That DENSO (TSE:6902) Is Using Debt Reasonably Well

Apr 21
These 4 Measures Indicate That DENSO (TSE:6902) Is Using Debt Reasonably Well

8001

JP¥6,898.00

ITOCHU

7D

6.1%

1Y

53.6%

6098

JP¥6,641.00

Recruit Holdings

7D

8.7%

1Y

73.7%

Is Now The Time To Put Recruit Holdings (TSE:6098) On Your Watchlist?

Apr 17
Is Now The Time To Put Recruit Holdings (TSE:6098) On Your Watchlist?

8766

JP¥4,902.00

Tokio Marine Holdings

7D

5.7%

1Y

80.2%

With Tokio Marine Holdings, Inc. (TSE:8766) It Looks Like You'll Get What You Pay For

Apr 15
With Tokio Marine Holdings, Inc. (TSE:8766) It Looks Like You'll Get What You Pay For

8031

JP¥7,519.00

Mitsui

7D

5.5%

1Y

77.8%

6503

JP¥2,393.00

Mitsubishi Electric

7D

-2.6%

1Y

42.5%