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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies3931
  • 7D3.3%
  • 3M13.6%
  • 1Y37.2%
  • YTD9.5%

The market is up 3.3% over the last week, with the Industrials sector leading the way, up 3.3%. In the last year, the market has climbed 37%. As for the next few years, earnings are expected to grow by 9.2% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026JP¥1292.0tJP¥1040.1tJP¥65.9t15x19.6x1.2x
Wed, 14 Jan 2026JP¥1216.9tJP¥1027.3tJP¥64.3t14.9x18.9x1.2x
Fri, 12 Dec 2025JP¥1136.9tJP¥1029.8tJP¥64.2t14x17.7x1.1x
Sun, 09 Nov 2025JP¥1125.8tJP¥1030.8tJP¥62.4t14.1x18x1.1x
Tue, 07 Oct 2025JP¥1100.8tJP¥1023.6tJP¥59.7t14.7x18.4x1.1x
Thu, 04 Sep 2025JP¥1050.8tJP¥1026.1tJP¥59.8t14.5x17.6x1x
Sat, 02 Aug 2025JP¥1016.2tJP¥1021.7tJP¥61.1t14.1x16.6x1x
Mon, 30 Jun 2025JP¥980.6tJP¥1029.4tJP¥63.6t13.3x15.4x1x
Wed, 28 May 2025JP¥963.6tJP¥1033.5tJP¥63.7t12.9x15.1x0.9x
Fri, 25 Apr 2025JP¥907.1tJP¥1021.1tJP¥64.2t12.7x14.1x0.9x
Sun, 23 Mar 2025JP¥972.6tJP¥1019.4tJP¥64.3t13.4x15.1x1x
Tue, 18 Feb 2025JP¥964.1tJP¥1021.3tJP¥64.7t13.2x14.9x0.9x
Thu, 16 Jan 2025JP¥937.8tJP¥1010.3tJP¥61.9t13.3x15.1x0.9x
Sat, 14 Dec 2024JP¥956.7tJP¥1009.5tJP¥61.8t13.5x15.5x0.9x
Mon, 11 Nov 2024JP¥956.3tJP¥1004.7tJP¥58.5t13.5x16.3x1x
Wed, 09 Oct 2024JP¥948.4tJP¥1000.1tJP¥60.1t13.6x15.8x0.9x
Fri, 06 Sep 2024JP¥924.5tJP¥999.6tJP¥60.1t13.4x15.4x0.9x
Sun, 04 Aug 2024JP¥895.8tJP¥992.3tJP¥58.8t13.1x15.2x0.9x
Tue, 02 Jul 2024JP¥989.2tJP¥985.9tJP¥58.3t14.5x17x1x
Thu, 30 May 2024JP¥964.1tJP¥988.0tJP¥58.6t13.9x16.5x1x
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
Price to Earnings Ratio

15.6x


Total Market Cap: JP¥728.5tTotal Earnings: JP¥46.7tTotal Revenue: JP¥934.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.2x202420252026
Current Market PE
  • Investors are optimistic on the Japanese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 19.7x which is higher than its 3-year average PE of 16.2x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market3.26%
Utilities5.67%
Materials5.08%
Healthcare4.32%
Real Estate4.05%
Tech3.99%
Financials3.38%
Industrials3.33%
Consumer Staples2.75%
Consumer Discretionary2.41%
Telecom1.56%
Energy-1.71%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 24.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings growth of 14.0% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 25.6x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.6% 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
9984 SoftBank GroupJP¥4.39k9.8%
+JP¥2.2t
82.2%PE6.8xTelecom
285A Kioxia HoldingsJP¥22.85k19.6%
+JP¥2.0t
1,113.2%PE74.5xTech
6857 AdvantestJP¥27.13k10.6%
+JP¥1.9t
198.6%PE68.8xTech
9983 Fast RetailingJP¥69.15k8.9%
+JP¥1.7t
39.4%PE47.3xConsumer Discretionary
8031 MitsuiJP¥5.69k9.9%
+JP¥1.5t
103.7%PE18.8xIndustrials
See more

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