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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies3916
  • 7D-1.9%
  • 3M6.6%
  • 1Y29.2%
  • YTD4.9%

Over the last 7 days, the market has dropped 1.9%, driven by a decline of 3.0% in the Industrials sector. As for the longer term, the market has actually risen by 29% in the last year. Looking forward, earnings are forecast to grow by 9.9% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026JP¥1231.1tJP¥1039.4tJP¥65.6t14.6x18.8x1.2x
Sun, 22 Feb 2026JP¥1290.5tJP¥1040.7tJP¥65.7t15.2x19.6x1.2x
Tue, 20 Jan 2026JP¥1234.5tJP¥1027.4tJP¥64.4t15.1x19.2x1.2x
Thu, 18 Dec 2025JP¥1142.2tJP¥1029.8tJP¥64.3t14.1x17.8x1.1x
Sat, 15 Nov 2025JP¥1144.6tJP¥1031.4tJP¥64.3t14.2x17.8x1.1x
Mon, 13 Oct 2025JP¥1092.0tJP¥1023.5tJP¥59.8t14.4x18.3x1.1x
Wed, 10 Sep 2025JP¥1075.0tJP¥1026.4tJP¥59.8t14.7x18x1x
Fri, 08 Aug 2025JP¥1028.2tJP¥1021.4tJP¥60.0t14.3x17.2x1x
Sun, 06 Jul 2025JP¥974.5tJP¥1027.1tJP¥62.7t13.3x15.5x0.9x
Tue, 03 Jun 2025JP¥966.6tJP¥1033.1tJP¥63.7t13.1x15.2x0.9x
Thu, 01 May 2025JP¥931.3tJP¥1022.2tJP¥64.4t12.9x14.5x0.9x
Sat, 29 Mar 2025JP¥958.0tJP¥1020.9tJP¥64.4t13.3x14.9x0.9x
Mon, 24 Feb 2025JP¥953.7tJP¥1020.2tJP¥64.4t13.1x14.8x0.9x
Wed, 22 Jan 2025JP¥944.6tJP¥1010.1tJP¥61.9t13.4x15.3x0.9x
Fri, 20 Dec 2024JP¥947.2tJP¥1010.9tJP¥61.8t13.4x15.3x0.9x
Sun, 17 Nov 2024JP¥945.6tJP¥1006.7tJP¥61.0t13.4x15.5x0.9x
Tue, 15 Oct 2024JP¥950.8tJP¥999.1tJP¥60.1t13.5x15.8x1x
Thu, 12 Sep 2024JP¥894.1tJP¥1000.0tJP¥60.1t13.1x14.9x0.9x
Sat, 10 Aug 2024JP¥875.8tJP¥995.5tJP¥59.3t12.6x14.8x0.9x
Mon, 08 Jul 2024JP¥1008.6tJP¥986.1tJP¥58.3t14.4x17.3x1x
Wed, 05 Jun 2024JP¥979.2tJP¥989.6tJP¥58.6t14.2x16.7x1x
Fri, 03 May 2024JP¥965.4tJP¥974.7tJP¥56.4t14.4x17.1x1x
Sun, 31 Mar 2024JP¥986.3tJP¥975.9tJP¥56.9t14.9x17.3x1x
Tue, 27 Feb 2024JP¥956.0tJP¥975.7tJP¥56.9t14.4x16.8x1x
Thu, 25 Jan 2024JP¥908.5tJP¥971.4tJP¥52.5t14.6x17.3x0.9x
Sat, 23 Dec 2023JP¥844.7tJP¥971.2tJP¥52.5t13.9x16.1x0.9x
Mon, 20 Nov 2023JP¥865.0tJP¥976.9tJP¥52.9t13.9x16.4x0.9x
Wed, 18 Oct 2023JP¥839.6tJP¥971.6tJP¥55.2t14x15.2x0.9x
Fri, 15 Sep 2023JP¥873.9tJP¥971.2tJP¥55.2t14.4x15.8x0.9x
Sun, 13 Aug 2023JP¥839.5tJP¥970.5tJP¥55.1t13.9x15.2x0.9x
Tue, 11 Jul 2023JP¥819.7tJP¥957.2tJP¥50.6t13.9x16.2x0.9x
Thu, 08 Jun 2023JP¥806.5tJP¥959.1tJP¥51.1t13.5x15.8x0.8x
Sat, 06 May 2023JP¥762.5tJP¥941.9tJP¥47.9t13.4x15.9x0.8x
Mon, 03 Apr 2023JP¥736.4tJP¥933.9tJP¥46.6t12.9x15.8x0.8x
Price to Earnings Ratio

15.8x


Total Market Cap: JP¥736.4tTotal Earnings: JP¥46.6tTotal Revenue: JP¥933.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.4x202420252026
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 18.8x which is higher than its 3-year average PE of 16.3x.
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 Market-1.93%
Financials2.22%
Telecom-1.02%
Healthcare-1.14%
Consumer Staples-1.80%
Consumer Discretionary-2.13%
Industrials-2.99%
Tech-3.08%
Utilities-3.14%
Real Estate-3.80%
Energy-4.01%
Materials-4.25%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings growth of 11.3% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 23.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 5.3% 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
8766 Tokio Marine HoldingsJP¥7.59k25.8%
+JP¥2.8t		24.1%PE13.5xFinancials
9984 SoftBank GroupJP¥3.82k7.4%
+JP¥1.5t		90.6%PE5.9xTelecom
8058 MitsubishiJP¥5.66k4.8%
+JP¥881.3b		101.8%PE28.3xIndustrials
7203 Toyota MotorJP¥3.39k1.9%
+JP¥821.1b		19.8%PE11.9xConsumer Discretionary
5803 FujikuraJP¥28.12k11.0%
+JP¥768.4b		382.2%PE53.9xIndustrials
See more

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Latest News

8766
JP¥7,587.00
Tokio Marine Holdings
7D
25.8%
1Y
24.1%
8035
JP¥40,530.00
Tokyo Electron
7D
3.1%
1Y
81.8%
6098
JP¥6,399.00
Recruit Holdings
7D
1.1%
1Y
-22.9%
4519
JP¥8,451.00
Chugai Pharmaceutical
7D
-2.3%
1Y
20.1%

4519: Rich P/E And Clinical Setbacks Will Likely Restrain Future Upside

Analysts have nudged their price target for Chugai Pharmaceutical down from ¥6,584.94 to ¥6,400. This change reflects updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple.
7011
JP¥4,511.00
Mitsubishi Heavy Industries
7D
-7.0%
1Y
69.1%
8031
JP¥6,390.00
Mitsui
7D
2.2%
1Y
111.0%
8411
JP¥6,368.00
Mizuho Financial Group
7D
3.5%
1Y
44.2%
8058
JP¥5,655.00
Mitsubishi
7D
4.8%
1Y
101.8%
5803
JP¥28,115.00
Fujikura
7D
11.0%
1Y
382.2%
9984
JP¥3,822.00
SoftBank Group
7D
7.4%
1Y
90.6%
7974
JP¥8,990.00
Nintendo
7D
-7.6%
1Y
-18.5%
7203
JP¥3,388.00
Toyota Motor
7D
1.9%
1Y
19.8%
6758
JP¥3,218.00
Sony Group
7D
-1.6%
1Y
-16.7%

6758: Content Franchises Will Offset Memory And AI Risks Over Time

Analysts have nudged their fair value estimate for Sony Group lower from about ¥4,969 to roughly ¥4,887. This reflects slightly softer long term revenue growth assumptions, marginally slimmer profit margins, and a modestly reduced future P/E, as they factor in potential pressure on PlayStation hardware economics from higher memory costs and ongoing questions around AI risk for the music business.
6857
JP¥22,965.00
Advantest
7D
-4.2%
1Y
218.9%
285A
JP¥21,165.00
Kioxia Holdings
7D
-5.3%
1Y
733.6%
9983
JP¥61,870.00
Fast Retailing
7D
-2.5%
1Y
33.1%