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Japanese (NIKKEI) Energy Sector Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies25
  • 7D4.0%
  • 3M26.7%
  • 1Y51.5%
  • YTD7.5%

The Energy industry is up 4.0% in the last week, with Idemitsu KosanLtd up 1.8%. Meanwhile, MODEC actually underperformed within the industry, shrinking 6.5% in the last week. This takes the industry's 12 month performance to a gain of 51%. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the Japanese Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026JP¥12.1tJP¥30.5tJP¥741.3b13.1x16.3x0.4x
Fri, 19 Dec 2025JP¥11.0tJP¥30.5tJP¥741.1b12.2x14.9x0.4x
Sun, 16 Nov 2025JP¥11.1tJP¥30.8tJP¥777.3b11.2x14.3x0.4x
Tue, 14 Oct 2025JP¥9.5tJP¥31.4tJP¥575.7b10.8x16.5x0.3x
Thu, 11 Sep 2025JP¥9.3tJP¥31.4tJP¥574.4b11.6x16.3x0.3x
Sat, 09 Aug 2025JP¥8.6tJP¥32.0tJP¥735.6b12x11.8x0.3x
Mon, 07 Jul 2025JP¥7.8tJP¥32.2tJP¥783.6b10.4x10x0.2x
Wed, 04 Jun 2025JP¥7.4tJP¥32.2tJP¥785.9b10.1x9.5x0.2x
Fri, 02 May 2025JP¥7.1tJP¥33.1tJP¥1.1t8.8x6.5x0.2x
Sun, 30 Mar 2025JP¥8.3tJP¥33.0tJP¥1.1t9.4x7.6x0.3x
Tue, 25 Feb 2025JP¥8.1tJP¥33.0tJP¥1.1t9.2x7.4x0.2x
Thu, 23 Jan 2025JP¥7.9tJP¥33.4tJP¥979.8b8.7x8.1x0.2x
Sat, 21 Dec 2024JP¥8.0tJP¥33.4tJP¥980.0b8.5x8.2x0.2x
Mon, 18 Nov 2024JP¥8.3tJP¥33.4tJP¥978.9b8.7x8.5x0.2x
Wed, 16 Oct 2024JP¥8.5tJP¥33.6tJP¥1.2t8.1x7.2x0.3x
Fri, 13 Sep 2024JP¥7.9tJP¥33.6tJP¥1.2t7.8x6.7x0.2x
Sun, 11 Aug 2024JP¥8.1tJP¥33.4tJP¥1.2t8.1x6.7x0.2x
Tue, 09 Jul 2024JP¥9.4tJP¥32.9tJP¥1.1t9.7x8.7x0.3x
Thu, 06 Jun 2024JP¥9.0tJP¥32.9tJP¥1.1t9.1x8.3x0.3x
Sat, 04 May 2024JP¥8.9tJP¥32.9tJP¥1.0t11.2x8.5x0.3x
Mon, 01 Apr 2024JP¥9.0tJP¥32.9tJP¥1.0t10.7x8.6x0.3x
Wed, 28 Feb 2024JP¥7.9tJP¥32.9tJP¥1.1t10.5x7.2x0.2x
Fri, 26 Jan 2024JP¥7.6tJP¥33.4tJP¥820.0b12.6x9.2x0.2x
Sun, 24 Dec 2023JP¥7.1tJP¥33.4tJP¥819.3b11.9x8.7x0.2x
Tue, 21 Nov 2023JP¥7.7tJP¥33.4tJP¥819.3b12.5x9.4x0.2x
Thu, 19 Oct 2023JP¥7.3tJP¥34.3tJP¥716.3b11.7x10.2x0.2x
Sat, 16 Sep 2023JP¥7.9tJP¥34.3tJP¥716.7b12x11x0.2x
Mon, 14 Aug 2023JP¥7.2tJP¥34.3tJP¥716.6b11.4x10x0.2x
Wed, 12 Jul 2023JP¥6.2tJP¥35.3tJP¥1.1t10.2x5.5x0.2x
Fri, 09 Jun 2023JP¥6.1tJP¥35.3tJP¥1.1t9.9x5.5x0.2x
Sun, 07 May 2023JP¥5.8tJP¥34.5tJP¥1.4t9.4x4.2x0.2x
Tue, 04 Apr 2023JP¥5.8tJP¥34.5tJP¥1.4t8.9x4.2x0.2x
Thu, 02 Mar 2023JP¥5.8tJP¥34.5tJP¥1.4t8.5x4.2x0.2x
Sat, 28 Jan 2023JP¥5.9tJP¥32.3tJP¥1.7t8.8x3.4x0.2x
Price to Earnings Ratio

3.4x


Total Market Cap: JP¥5.9tTotal Earnings: JP¥1.7tTotal Revenue: JP¥32.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Energy Sector Price to Earnings3Y Average 8.9x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.3x which is higher than its 3-year average PE of 8.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.24x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 24% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Japanese Energy sector?

JP Market3.73%
Energy3.98%
Oil and Gas4.32%
Energy Services0.47%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 11.8x.
    • Analysts are expecting annual earnings growth of 6.4%, which is higher than its past year's earnings decline of 22.9% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.9x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 9.3% per year.
  • In contrast, the Energy Services industry is expected to see its earnings grow by 6.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
5019 Idemitsu KosanLtdJP¥1.26k1.8%
+JP¥27.6b		22.0%PE38x
1605 InpexJP¥3.17k0.3%
+JP¥12.8b		66.0%PE8.6x
5021 Cosmo Energy HoldingsJP¥4.45k0.8%
+JP¥6.1b		28.0%PE12x
8133 Itochu EnexLtdJP¥2.01k2.1%
+JP¥4.6b		27.6%PE14x
2734 SALAJP¥1.08k4.5%
+JP¥3.0b		35.4%PE11.8x

Latest News

1605
JP¥3,172.00
Inpex
7D
0.3%
1Y
66.0%

1605: Buybacks And Cautious 2026 Pricing Views Will Likely Keep Shares Fairly Valued

Analysts now see Inpex's fair value at ¥3,146, down slightly from ¥3,150, reflecting updated views on revenue, margins and future P/E after some have turned more cautious on oil and gas pricing. Analyst Commentary Bullish Takeaways Bullish analysts point out that the fair value cut to ¥3,146 is small relative to prior estimates, which they see as a sign that core assumptions on earnings power and P/E have not materially shifted.
5020
JP¥1,209.50
ENEOS Holdings
7D
-0.2%
1Y
49.8%

ENEOS Holdings' (TSE:5020) Dividend Will Be ¥17.00

Jan 16
ENEOS Holdings' (TSE:5020) Dividend Will Be ¥17.00
8088
JP¥1,835.00
Iwatani
7D
0.7%
1Y
6.2%
8133
JP¥2,007.00
Itochu EnexLtd
7D
2.1%
1Y
27.6%

Here's What To Make Of Itochu EnexLtd's (TSE:8133) Decelerating Rates Of Return

Jan 14
Here's What To Make Of Itochu EnexLtd's (TSE:8133) Decelerating Rates Of Return
2734
JP¥1,078.00
SALA
7D
4.5%
1Y
35.4%
1662
JP¥1,874.00
Japan Petroleum Exploration
7D
-2.4%
1Y
66.4%

Japan Petroleum Exploration Co., Ltd.'s (TSE:1662) Share Price Boosted 36% But Its Business Prospects Need A Lift Too

Jan 13
Japan Petroleum Exploration Co., Ltd.'s (TSE:1662) Share Price Boosted 36% But Its Business Prospects Need A Lift Too
6269
JP¥13,795.00
MODEC
7D
-6.5%
1Y
325.1%

Does MODEC (TSE:6269) Have A Healthy Balance Sheet?

Jan 12
Does MODEC (TSE:6269) Have A Healthy Balance Sheet?
8132
JP¥6,480.00
Sinanen Holdings
7D
-2.7%
1Y
-2.1%

Sinanen Holdings (TSE:8132) Is Due To Pay A Dividend Of ¥90.00

Jan 08
Sinanen Holdings (TSE:8132) Is Due To Pay A Dividend Of ¥90.00
8131
JP¥2,212.00
Mitsuuroko Group HoldingsLtd
7D
-0.7%
1Y
23.0%
5021
JP¥4,449.00
Cosmo Energy Holdings
7D
0.8%
1Y
28.0%

5021: ESG Focus And Merger Integration Will Support Fair Value

Narrative Update on Cosmo Energy Holdings Analysts have lifted their price target on Cosmo Energy Holdings to ¥4,494 from ¥4,327. They cite updated assumptions around discount rates, revenue trends, profit margins, and future P/E expectations that slightly adjust their overall valuation view.
3315
JP¥107.00
Nippon Coke & Engineering Company
7D
-8.5%
1Y
15.1%
5019
JP¥1,263.50
Idemitsu KosanLtd
7D
1.8%
1Y
22.0%

Returns On Capital Are Showing Encouraging Signs At Idemitsu KosanLtd (TSE:5019)

Dec 24
Returns On Capital Are Showing Encouraging Signs At Idemitsu KosanLtd (TSE:5019)
8097
JP¥2,181.00
San-Ai Obbli
7D
0.7%
1Y
20.9%

San-Ai Obbli's (TSE:8097) Dividend Will Be ¥50.00

Dec 21
San-Ai Obbli's (TSE:8097) Dividend Will Be ¥50.00
6239
JP¥1,450.00
Nagaoka International
7D
-1.6%
1Y
18.7%
9074
JP¥5,580.00
Japan Oil Transportation
7D
4.5%
1Y
99.6%

Further Upside For Japan Oil Transportation Co., Ltd. (TSE:9074) Shares Could Introduce Price Risks After 27% Bounce

Dec 17
Further Upside For Japan Oil Transportation Co., Ltd. (TSE:9074) Shares Could Introduce Price Risks After 27% Bounce
416A
JP¥1,272.00
Fuji United Holdings CompanyLtd
7D
-0.2%
1Y
-10.1%