Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Market Analysis & Valuation

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies3934
  • 7D3.2%
  • 3M10.1%
  • 1Y32.4%
  • YTD5.0%

The market has climbed 3.2% over the last week, with theIndustrials and Communication Services sectors leading the way. In the last year, the market has climbed 32%. Looking forward, earnings are forecast to grow by 9.0% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026JP¥1237.5tJP¥1031.1tJP¥65.5t14.9x18.9x1.2x
Sat, 03 Jan 2026JP¥1156.6tJP¥1029.2tJP¥64.3t14.5x18x1.1x
Mon, 01 Dec 2025JP¥1146.9tJP¥1031.5tJP¥64.5t14.2x17.8x1.1x
Wed, 29 Oct 2025JP¥1123.2tJP¥1025.8tJP¥59.8t14.6x18.8x1.1x
Fri, 26 Sep 2025JP¥1095.6tJP¥1026.6tJP¥59.8t14.9x18.3x1.1x
Sun, 24 Aug 2025JP¥1069.2tJP¥1026.5tJP¥59.8t14.5x17.9x1x
Tue, 22 Jul 2025JP¥977.6tJP¥1021.1tJP¥62.0t13.5x15.8x1x
Thu, 19 Jun 2025JP¥975.9tJP¥1033.7tJP¥63.7t13.2x15.3x0.9x
Sat, 17 May 2025JP¥956.0tJP¥1030.2tJP¥63.6t13.1x15x0.9x
Mon, 14 Apr 2025JP¥865.0tJP¥1021.6tJP¥64.3t12.2x13.5x0.8x
Wed, 12 Mar 2025JP¥930.6tJP¥1020.0tJP¥64.3t13x14.5x0.9x
Fri, 07 Feb 2025JP¥960.4tJP¥1014.9tJP¥64.5t13.5x14.9x0.9x
Sun, 05 Jan 2025JP¥971.1tJP¥1010.9tJP¥61.7t13.7x15.7x1x
Tue, 03 Dec 2024JP¥946.4tJP¥1008.8tJP¥61.8t13.4x15.3x0.9x
Thu, 31 Oct 2024JP¥949.2tJP¥1001.8tJP¥60.1t13.3x15.8x0.9x
Sat, 28 Sep 2024JP¥963.8tJP¥1000.0tJP¥60.1t13.7x16x1x
Mon, 26 Aug 2024JP¥946.4tJP¥999.4tJP¥59.9t13.4x15.8x0.9x
Wed, 24 Jul 2024JP¥994.4tJP¥987.7tJP¥58.6t14.5x17x1x
Fri, 21 Jun 2024JP¥961.2tJP¥989.0tJP¥58.6t14.2x16.4x1x
Sun, 19 May 2024JP¥969.4tJP¥986.2tJP¥58.3t14.1x16.6x1x
Tue, 16 Apr 2024JP¥975.7tJP¥974.7tJP¥56.9t14.7x17.1x1x
Thu, 14 Mar 2024JP¥945.5tJP¥975.9tJP¥56.9t14.4x16.6x1x
Sat, 10 Feb 2024JP¥915.9tJP¥972.8tJP¥55.9t14.5x16.4x0.9x
Mon, 08 Jan 2024JP¥863.1tJP¥971.1tJP¥52.4t14.3x16.5x0.9x
Wed, 06 Dec 2023JP¥850.2tJP¥977.5tJP¥53.1t14x16x0.9x
Fri, 03 Nov 2023JP¥842.9tJP¥973.8tJP¥57.1t13.8x14.8x0.9x
Sun, 01 Oct 2023JP¥846.6tJP¥971.6tJP¥55.3t14.3x15.3x0.9x
Tue, 29 Aug 2023JP¥838.8tJP¥971.1tJP¥55.2t14x15.2x0.9x
Thu, 27 Jul 2023JP¥834.3tJP¥958.0tJP¥50.6t14.1x16.5x0.9x
Sat, 24 Jun 2023JP¥827.0tJP¥957.2tJP¥51.1t13.9x16.2x0.9x
Mon, 22 May 2023JP¥791.6tJP¥958.9tJP¥50.9t13.5x15.5x0.8x
Wed, 19 Apr 2023JP¥750.6tJP¥935.1tJP¥46.6t13.1x16.1x0.8x
Fri, 17 Mar 2023JP¥713.8tJP¥933.7tJP¥46.7t12.5x15.3x0.8x
Sun, 12 Feb 2023JP¥731.5tJP¥925.2tJP¥47.0t12.7x15.6x0.8x
Price to Earnings Ratio

15.6x


Total Market Cap: JP¥731.5tTotal Earnings: JP¥47.0tTotal Revenue: JP¥925.2tTotal 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 18.9x 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 3.7% 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 Market3.18%
Energy7.69%
Financials6.55%
Materials5.88%
Consumer Discretionary4.57%
Utilities4.48%
Industrials4.46%
Real Estate3.92%
Healthcare3.54%
Consumer Staples3.40%
Telecom-2.53%
Tech-2.61%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 24.5x.
    • Analysts expect its future annual earnings growth (15.3%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • 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 Materials sector, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 7.8% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 5.2% 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
7203 Toyota MotorJP¥3.72k7.9%
+JP¥3.6t		28.2%PE10.5xConsumer Discretionary
8058 MitsubishiJP¥4.62k13.8%
+JP¥2.0t		83.3%PE24.7xIndustrials
9983 Fast RetailingJP¥63.54k9.4%
+JP¥1.7t		29.4%PE43.5xConsumer Discretionary
4519 Chugai PharmaceuticalJP¥9.17k10.3%
+JP¥1.4t		35.7%PE34.8xHealthcare
6301 KomatsuJP¥7.17k23.3%
+JP¥1.2t		58.7%PE16.2xIndustrials
See more

Market Insights

Header cover image
Why longer lifespans could reshape portfolios 🧓
Stella Ong avatar
Stella Ong
|
|
There’s the Great Wealth Transfer and Longevity Effect. Here’s how our changing demographic and wealth is set to shape future markets.
Continue reading
How to invest when commodity prices get messy ⚖️
Last Week

How to invest when commodity prices get messy ⚖️

Latest News

7974
JP¥8,802.00
Nintendo
7D
-11.4%
1Y
-20.0%
6503
JP¥5,392.00
Mitsubishi Electric
7D
12.1%
1Y
122.4%
6701
JP¥4,428.00
NEC
7D
-20.0%
1Y
43.5%
6301
JP¥7,172.00
Komatsu
7D
23.3%
1Y
58.7%

Mining Slowdown And Tariff Pressures Will Weigh On Earnings And Margins

Catalysts About Komatsu Komatsu manufactures and sells construction, mining and industrial machinery, along with related parts, services and finance solutions. What are the underlying business or industry changes driving this perspective?
8411
JP¥7,165.00
Mizuho Financial Group
7D
7.4%
1Y
69.5%
9984
JP¥3,916.00
SoftBank Group
7D
-8.2%
1Y
60.4%

9984: Future OpenAI Commitments Will Increase Downside Risk From Execution Missteps

Analysts have lifted their fair value estimate for SoftBank Group to ¥3,498.93 from ¥3,029.36, citing updated assumptions for slightly higher revenue growth, a lower profit margin, and a higher future P/E multiple. Analyst Commentary While the revised fair value estimate for SoftBank Group reflects updated assumptions on growth, margins, and the future P/E multiple, some bearish analysts remain cautious about the risk and reward trade off at current levels.
4519
JP¥9,167.00
Chugai Pharmaceutical
7D
10.3%
1Y
35.7%
6920
JP¥28,870.00
Lasertec
7D
-22.9%
1Y
83.5%

Lasertec Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 02
Lasertec Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
6861
JP¥53,490.00
Keyence
7D
-9.0%
1Y
-14.8%

Keyence (TSE:6861) Is Due To Pay A Dividend Of ¥275.00

Feb 02
Keyence (TSE:6861) Is Due To Pay A Dividend Of ¥275.00
8058
JP¥4,618.00
Mitsubishi
7D
13.8%
1Y
83.3%

8058: LNG Portfolio Moves And Capital Actions Will Support Long-Term Upside

Analysts have lifted their fair value estimate for Mitsubishi from ¥4,359.76 to ¥4,677.40, reflecting updated assumptions for revenue growth, profit margins, discount rate and future P/E. These assumptions align with recent coverage highlighting solid long term expectations for Japan's trading companies, while still noting more clearly defined growth plans at some peers.
6857
JP¥24,210.00
Advantest
7D
-9.9%
1Y
183.2%

6857: AI And HPC Hype Will Likely Outrun Earnings Reality

Analysts have lifted their price target on Advantest by roughly 20%, citing updated assumptions that reflect higher modeled revenue growth, an improved profit margin outlook, and a lower future P/E multiple. What's in the News Advantest plans a board meeting on January 28, 2026 to consider cancelling treasury shares, following recent share repurchases under its buyback program (company filing).
4307
JP¥4,305.00
Nomura Research Institute
7D
-24.3%
1Y
-20.5%

Analysts Are Updating Their Nomura Research Institute, Ltd. (TSE:4307) Estimates After Its Third-Quarter Results

Jan 31
Analysts Are Updating Their Nomura Research Institute, Ltd. (TSE:4307) Estimates After Its Third-Quarter Results
6098
JP¥7,155.00
Recruit Holdings
7D
-12.3%
1Y
-34.2%

Is Recruit Holdings Co., Ltd. (TSE:6098) Potentially Undervalued?

Jan 29
Is Recruit Holdings Co., Ltd. (TSE:6098) Potentially Undervalued?
7203
JP¥3,722.00
Toyota Motor
7D
7.9%
1Y
28.2%

7203: Battery Expansion, Legal Disputes And Shareholder Returns Will Shape Outlook

Analysts have raised their fair value estimate for Toyota Motor to ¥3,609.41 from ¥3,521.18, citing updated assumptions for revenue growth, profit margins, and future P/E levels. What's in the News Board meeting scheduled for January 14, 2026 to review proposed changes to the terms of a tender offer for Toyota Motor Corporation's own shares and related share repurchase matters (Board Meeting).
8306
JP¥2,872.50
Mitsubishi UFJ Financial Group
7D
3.5%
1Y
50.2%

8306: Buybacks And Higher Dividends Will Mask Limited Future Upside

Analysts have raised their fair value estimate for Mitsubishi UFJ Financial Group from ¥2,491.82 to ¥2,596.36, citing updated assumptions that include a slightly lower discount rate, modestly higher revenue growth, a higher profit margin, and a marginally higher future P/E. What's in the News MUFG Securities Americas, Inc.
9983
JP¥63,540.00
Fast Retailing
7D
9.4%
1Y
29.4%

Fast Retailing Co., Ltd. Just Recorded A 16% EPS Beat: Here's What Analysts Are Forecasting Next

Jan 10
Fast Retailing Co., Ltd. Just Recorded A 16% EPS Beat: Here's What Analysts Are Forecasting Next