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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies3930
  • 7D0.7%
  • 3M14.5%
  • 1Y40.7%
  • YTD11.4%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 3.7% in that time. As for the longer term, the market has risen 41% in the past 12 months. Earnings are forecast to grow by 9.3% 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 Feb 2026JP¥1314.3tJP¥1040.7tJP¥65.7t15.3x20x1.3x
Sun, 25 Jan 2026JP¥1227.9tJP¥1026.8tJP¥64.4t15.1x19.1x1.2x
Tue, 23 Dec 2025JP¥1154.6tJP¥1029.6tJP¥64.3t14.3x18x1.1x
Thu, 20 Nov 2025JP¥1107.7tJP¥1033.1tJP¥64.9t13.6x17.1x1.1x
Sat, 18 Oct 2025JP¥1083.4tJP¥1025.7tJP¥59.8t14.3x18.1x1.1x
Mon, 15 Sep 2025JP¥1088.4tJP¥1026.5tJP¥59.8t14.7x18.2x1.1x
Wed, 13 Aug 2025JP¥1052.5tJP¥1022.6tJP¥58.6t14.3x18x1x
Fri, 11 Jul 2025JP¥970.8tJP¥1022.2tJP¥62.1t13.4x15.6x0.9x
Sun, 08 Jun 2025JP¥963.7tJP¥1035.0tJP¥63.7t13.1x15.1x0.9x
Tue, 06 May 2025JP¥938.9tJP¥1024.1tJP¥64.6t12.9x14.5x0.9x
Thu, 03 Apr 2025JP¥921.8tJP¥1020.8tJP¥64.1t12.9x14.4x0.9x
Sat, 01 Mar 2025JP¥935.6tJP¥1020.2tJP¥64.4t13x14.5x0.9x
Mon, 27 Jan 2025JP¥957.3tJP¥1010.0tJP¥61.9t13.5x15.5x0.9x
Wed, 25 Dec 2024JP¥951.6tJP¥1010.9tJP¥61.8t13.4x15.4x0.9x
Fri, 22 Nov 2024JP¥936.1tJP¥1007.2tJP¥61.7t13.5x15.2x0.9x
Sun, 20 Oct 2024JP¥943.1tJP¥1001.0tJP¥60.1t13.5x15.7x0.9x
Tue, 17 Sep 2024JP¥908.1tJP¥1000.0tJP¥60.1t13.2x15.1x0.9x
Thu, 15 Aug 2024JP¥909.4tJP¥997.9tJP¥60.0t13x15.2x0.9x
Sat, 13 Jul 2024JP¥1015.3tJP¥987.0tJP¥58.5t14.6x17.4x1x
Mon, 10 Jun 2024JP¥968.3tJP¥989.6tJP¥58.6t14.1x16.5x1x
Wed, 08 May 2024JP¥971.9tJP¥974.4tJP¥56.5t14.5x17.2x1x
Fri, 05 Apr 2024JP¥971.9tJP¥975.8tJP¥56.9t14.6x17.1x1x
Sun, 03 Mar 2024JP¥966.6tJP¥975.7tJP¥56.9t14.5x17x1x
Tue, 30 Jan 2024JP¥908.2tJP¥971.3tJP¥52.4t14.8x17.3x0.9x
Thu, 28 Dec 2023JP¥854.7tJP¥971.2tJP¥52.5t14x16.3x0.9x
Sat, 25 Nov 2023JP¥867.5tJP¥977.7tJP¥53.1t14.1x16.3x0.9x
Mon, 23 Oct 2023JP¥820.7tJP¥971.7tJP¥55.3t13.8x14.9x0.8x
Wed, 20 Sep 2023JP¥882.3tJP¥971.3tJP¥55.2t14.5x16x0.9x
Fri, 18 Aug 2023JP¥821.2tJP¥970.5tJP¥55.1t13.8x14.9x0.8x
Sun, 16 Jul 2023JP¥818.6tJP¥957.6tJP¥50.6t13.8x16.2x0.9x
Tue, 13 Jun 2023JP¥817.9tJP¥959.2tJP¥51.1t13.7x16x0.9x
Thu, 11 May 2023JP¥766.0tJP¥943.3tJP¥47.3t13.5x16.2x0.8x
Sat, 08 Apr 2023JP¥723.3tJP¥934.0tJP¥46.6t12.7x15.5x0.8x
Mon, 06 Mar 2023JP¥742.6tJP¥933.7tJP¥46.7t12.9x15.9x0.8x
Price to Earnings Ratio

15.9x


Total Market Cap: JP¥742.6tTotal Earnings: JP¥46.7tTotal Revenue: JP¥933.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.3x202420252026
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 20.0x 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 3.7% 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 Market0.75%
Tech3.74%
Materials2.38%
Healthcare2.35%
Industrials1.77%
Real Estate1.77%
Consumer Discretionary-0.27%
Consumer Staples-0.41%
Telecom-1.22%
Utilities-1.25%
Energy-2.13%
Financials-2.30%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 24.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.2%, which is higher than its past year's earnings growth of 11.7% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 25.0x.
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 12% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.1% 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¥3.81k4.9%
+JP¥2.3t		41.8%PE13.4xConsumer Discretionary
6758 Sony GroupJP¥3.61k8.3%
+JP¥1.6t		-3.4%PE17.2xConsumer Discretionary
6501 HitachiJP¥5.21k5.7%
+JP¥1.3t		38.9%PE28.5xIndustrials
8058 MitsubishiJP¥5.32k6.5%
+JP¥1.2t		113.0%PE26.8xIndustrials
8031 MitsuiJP¥5.91k7.4%
+JP¥1.2t		111.6%PE19.6xIndustrials
See more

Market Insights

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8058
JP¥5,317.00
Mitsubishi
7D
6.5%
1Y
113.0%
5838
JP¥6,367.00
Rakuten Bank
7D
-29.0%
1Y
13.3%
7203
JP¥3,812.00
Toyota Motor
7D
4.9%
1Y
41.8%

7203: US EV Expansion And Tariff Headwinds Will Shape Balanced Outlook

Analysts now place their price target for Toyota Motor at about ¥3,979, up from roughly ¥3,738. This reflects updated assumptions that factor in slightly higher modeled revenue growth, a modestly stronger profit margin, and a higher future P/E multiple.
8411
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Mizuho Financial Group
7D
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7013
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1Y
244.2%
5803
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Fujikura
7D
16.9%
1Y
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8308
JP¥1,907.50
Resona Holdings
7D
-3.7%
1Y
63.9%

8308: Buybacks And Slightly Higher Margin Assumptions Will Shape Fairly Valued Outlook

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6501
JP¥5,209.00
Hitachi
7D
5.7%
1Y
38.9%

6501: New Share Repurchases And Refined Assumptions Will Support Future Upside Potential

Analysts have raised their Hitachi price target from ¥5,665 to ¥5,808, reflecting updated assumptions around slightly higher revenue growth, a modestly adjusted discount rate, a small change in profit margin expectations, and a revised future P/E multiple. What's in the News The Board of Directors authorized a new share buyback plan on January 29, 2026, signaling an ongoing focus on returning capital to shareholders (Key Developments).
8233
JP¥1,980.50
Takashimaya Company
7D
-13.8%
1Y
60.8%
8267
JP¥2,215.50
Aeon
7D
-3.5%
1Y
80.4%

8267: Consolidation Of Tsuruha And Portfolio Reforms Will Shape Earnings Outlook

Analysts have adjusted their price target for Aeon to ¥2,600 from ¥4,800, reflecting updated assumptions around slightly lower discount rates, higher revenue growth, a higher profit margin, and a higher future P/E multiple. What's in the News Aeon revised its consolidated earnings guidance for the fiscal year ending February 28, 2026, now expecting operating revenue of ¥10,700,000 million and operating profit of ¥275,000 million, with net income attributable to owners of parent in a range of ¥60,000 million to ¥70,000 million and net income per share projected at ¥22.35 to ¥26.07, compared with prior net income guidance of ¥40,000 million and net income per share of ¥15.49 (Key Developments).
6758
JP¥3,613.00
Sony Group
7D
8.3%
1Y
-3.4%

6758: Content Franchises And Buybacks Will Support Future Earnings Re Rating

Narrative Update The analyst price target for Sony Group has been trimmed by analysts from about ¥5,093 to around ¥4,991. This reflects updated views on growth, margins and P/E assumptions highlighted in recent research.
9984
JP¥4,100.00
SoftBank Group
7D
-5.3%
1Y
98.2%

9984: Expanding AI Infrastructure Commitments To OpenAI Will Support Future Share Gains

Analysts have reset their price target on SoftBank Group from ¥28,062 to ¥7,000, citing updated revenue growth, profit margin, and future P/E assumptions that reflect a more measured outlook on the company’s earnings potential. Analyst Commentary Even with the reset to a ¥7,000 price target, some bullish analysts still see room for upside if SoftBank Group executes consistently against its revised earnings framework.
8031
JP¥5,913.00
Mitsui
7D
7.4%
1Y
111.6%

8031: Earnings Outlook, Buybacks And Governance Will Shape Balanced Future Returns

Analysts have lifted their price target for Mitsui from ¥5,602.88 to ¥5,900, citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E that refine their overall view of the shares. What's in the News Mitsui issued consolidated earnings guidance for the full year ending March 31, 2026, with profit attributable to owners of parent projected at ¥820,000m, or ¥286.26 per basic share (corporate guidance).
6857
JP¥26,835.00
Advantest
7D
5.3%
1Y
230.6%

6857: AI Test Demand And New Products Will Drive Future Upside

Analysts have raised their price target on Advantest from ¥26,100 to ¥32,300, reflecting updated assumptions regarding revenue growth, profit margins, the future P/E multiple, and a slightly lower discount rate. What's in the News Revised consolidated earnings guidance for the year ending March 31, 2026, with expected net sales of ¥1.07b, operating income of ¥454.0b, net income of ¥328.5b, and basic EPS of ¥452.34, compared with prior guidance of net sales of ¥950.0b, operating income of ¥374.0b, and net income of ¥275.0b (corporate guidance).
5401
JP¥637.90
Nippon Steel
7D
-5.3%
1Y
-4.2%

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6861
JP¥66,000.00
Keyence
7D
7.4%
1Y
11.1%

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