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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies3982
  • 7D2.0%
  • 3M15.5%
  • 1Y38.4%
  • YTD13.4%

The market is up 2.0% in the last 7 days, led by the Consumer Discretionary and all sectors gaining ground. The market is up 38% over the last 12 months. As for the next few years, earnings are expected to grow by 9.8% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024JP¥970.8tJP¥975.9tJP¥56.9t14.6x17.1x1x
Thu, 15 Feb 2024JP¥925.4tJP¥974.5tJP¥56.6t14.3x16.4x0.9x
Sat, 13 Jan 2024JP¥897.7tJP¥971.2tJP¥52.4t14.4x17.1x0.9x
Mon, 11 Dec 2023JP¥842.6tJP¥974.3tJP¥52.5t13.9x16x0.9x
Wed, 08 Nov 2023JP¥847.1tJP¥973.3tJP¥56.5t13.9x15x0.9x
Fri, 06 Oct 2023JP¥842.3tJP¥971.2tJP¥55.2t13.8x15.3x0.9x
Sun, 03 Sep 2023JP¥855.7tJP¥971.1tJP¥55.2t14.3x15.5x0.9x
Tue, 01 Aug 2023JP¥847.8tJP¥961.3tJP¥51.5t14.2x16.5x0.9x
Thu, 29 Jun 2023JP¥823.3tJP¥957.3tJP¥51.1t14x16.1x0.9x
Sat, 27 May 2023JP¥784.9tJP¥958.8tJP¥51.1t13.4x15.4x0.8x
Mon, 24 Apr 2023JP¥748.2tJP¥935.1tJP¥46.6t13x16x0.8x
Wed, 22 Mar 2023JP¥692.0tJP¥922.5tJP¥46.1t12.4x15x0.8x
Fri, 17 Feb 2023JP¥737.0tJP¥924.6tJP¥46.5t12.7x15.8x0.8x
Sun, 15 Jan 2023JP¥701.9tJP¥902.0tJP¥49.1t12.2x14.3x0.8x
Tue, 13 Dec 2022JP¥725.7tJP¥902.9tJP¥49.1t12.5x14.8x0.8x
Thu, 10 Nov 2022JP¥718.0tJP¥891.0tJP¥46.2t12.4x15.6x0.8x
Sat, 08 Oct 2022JP¥711.0tJP¥863.8tJP¥45.6t12.4x15.6x0.8x
Mon, 05 Sep 2022JP¥719.3tJP¥863.1tJP¥45.6t12.6x15.8x0.8x
Wed, 03 Aug 2022JP¥718.7tJP¥843.8tJP¥48.5t12.8x14.8x0.9x
Fri, 01 Jul 2022JP¥698.2tJP¥839.1tJP¥49.5t12.4x14.1x0.8x
Sun, 29 May 2022JP¥695.6tJP¥835.9tJP¥49.3t12.2x14.1x0.8x
Tue, 26 Apr 2022JP¥701.7tJP¥819.2tJP¥51.1t12.1x13.7x0.9x
Thu, 24 Mar 2022JP¥739.0tJP¥821.6tJP¥51.1t12.6x14.5x0.9x
Sat, 19 Feb 2022JP¥719.5tJP¥821.5tJP¥50.9t12.4x14.1x0.9x
Mon, 17 Jan 2022JP¥741.5tJP¥804.8tJP¥48.5t12.9x15.3x0.9x
Wed, 15 Dec 2021JP¥744.7tJP¥799.9tJP¥48.4t13.1x15.4x0.9x
Fri, 12 Nov 2021JP¥764.4tJP¥800.3tJP¥47.5t13.6x16.1x1x
Sun, 10 Oct 2021JP¥744.8tJP¥787.1tJP¥44.7t14.3x16.7x0.9x
Tue, 07 Sep 2021JP¥780.7tJP¥788.3tJP¥44.7t15x17.5x1x
Thu, 05 Aug 2021JP¥732.1tJP¥788.7tJP¥44.6t14.5x16.4x0.9x
Sun, 09 May 2021JP¥723.2tJP¥757.0tJP¥35.0t16.3x20.7x1x
Price to Earnings Ratio

21.3x


Total Market Cap: JP¥742.6tTotal Earnings: JP¥34.9tTotal Revenue: JP¥756.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 17.7x202220232024
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 17.7x.
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 Market2.01%
Energy6.59%
Utilities4.55%
Real Estate4.23%
Consumer Discretionary3.56%
Materials2.86%
Industrials2.26%
Consumer Staples1.78%
Tech1.41%
Telecom0.64%
Healthcare0.32%
Financials0.14%
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 13.8%, which is higher than its past year's earnings growth of 3.4% 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 of 0.16x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 6.4% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 16% 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
9983 Fast RetailingJP¥46.10k7.5%
+JP¥990.6b
68.3%PE44.3xConsumer Discretionary
7203 Toyota MotorJP¥3.57k2.0%
+JP¥930.0b
101.9%PE10.7xConsumer Discretionary
8058 MitsubishiJP¥3.42k5.7%
+JP¥760.9b
123.1%PE15.3xIndustrials
6758 Sony GroupJP¥13.33k4.6%
+JP¥723.1b
15.3%PE19.1xConsumer Discretionary
7267 Honda MotorJP¥1.83k6.1%
+JP¥511.6b
66.0%PE9.5xConsumer Discretionary
See more
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8306

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