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Japanese (NIKKEI) Energy Sector Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies24
  • 7D-1.5%
  • 3M22.9%
  • 1Y74.9%
  • YTD22.3%

Over the last 7 days, the Energy industry has dropped 1.5%, driven by ENEOS Holdings declining 6.1%. Meanwhile, Inpex actually outperformed within the industry, gaining 7.7% in the last week. Over the past 12 months, the industry was up 75%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026JP¥13.7tJP¥29.8tJP¥672.7b13.4x20.3x0.5x
Wed, 04 Feb 2026JP¥12.7tJP¥29.9tJP¥746.6b12.8x17x0.4x
Fri, 02 Jan 2026JP¥11.2tJP¥30.5tJP¥741.4b12.5x15.1x0.4x
Sun, 30 Nov 2025JP¥11.4tJP¥30.5tJP¥740.9b11.9x15.4x0.4x
Tue, 28 Oct 2025JP¥10.2tJP¥31.4tJP¥575.7b11.1x17.7x0.3x
Thu, 25 Sep 2025JP¥9.8tJP¥31.4tJP¥574.4b11.8x17x0.3x
Sat, 23 Aug 2025JP¥9.1tJP¥31.4tJP¥574.4b11.5x15.8x0.3x
Mon, 21 Jul 2025JP¥7.9tJP¥32.2tJP¥783.8b10.6x10.1x0.2x
Wed, 18 Jun 2025JP¥7.8tJP¥32.2tJP¥783.6b9.9x10x0.2x
Fri, 16 May 2025JP¥7.3tJP¥32.2tJP¥797.8b9.7x9.1x0.2x
Sun, 13 Apr 2025JP¥6.8tJP¥33.1tJP¥1.1t8.3x6.2x0.2x
Tue, 11 Mar 2025JP¥8.1tJP¥33.0tJP¥1.1t9.3x7.4x0.2x
Thu, 06 Feb 2025JP¥7.8tJP¥33.4tJP¥980.9b8.4x7.9x0.2x
Sat, 04 Jan 2025JP¥8.3tJP¥33.5tJP¥980.2b8.8x8.4x0.2x
Mon, 02 Dec 2024JP¥8.1tJP¥33.4tJP¥978.3b8.5x8.3x0.2x
Wed, 30 Oct 2024JP¥8.3tJP¥33.6tJP¥1.2t8.1x7x0.2x
Fri, 27 Sep 2024JP¥8.5tJP¥33.6tJP¥1.2t8.4x7.2x0.3x
Sun, 25 Aug 2024JP¥8.7tJP¥33.6tJP¥1.2t8.6x7.3x0.3x
Tue, 23 Jul 2024JP¥9.1tJP¥32.9tJP¥1.1t9.6x8.4x0.3x
Thu, 20 Jun 2024JP¥9.1tJP¥32.9tJP¥1.1t9.7x8.4x0.3x
Sat, 18 May 2024JP¥9.0tJP¥32.9tJP¥1.1t10.3x8.3x0.3x
Mon, 15 Apr 2024JP¥9.6tJP¥32.9tJP¥1.0t10.7x9.1x0.3x
Wed, 13 Mar 2024JP¥8.2tJP¥32.9tJP¥1.1t10.5x7.5x0.2x
Fri, 09 Feb 2024JP¥7.5tJP¥33.3tJP¥818.1b12.6x9.2x0.2x
Sun, 07 Jan 2024JP¥7.5tJP¥33.4tJP¥819.3b12.3x9.1x0.2x
Tue, 05 Dec 2023JP¥7.4tJP¥33.4tJP¥819.3b12.2x9.1x0.2x
Thu, 02 Nov 2023JP¥7.5tJP¥34.3tJP¥716.3b11.6x10.5x0.2x
Sat, 30 Sep 2023JP¥7.7tJP¥34.3tJP¥716.7b11.7x10.7x0.2x
Mon, 28 Aug 2023JP¥6.9tJP¥34.3tJP¥716.7b11.2x9.7x0.2x
Wed, 26 Jul 2023JP¥6.6tJP¥35.3tJP¥1.1t10.5x5.9x0.2x
Fri, 23 Jun 2023JP¥6.1tJP¥35.3tJP¥1.1t10.1x5.5x0.2x
Sun, 21 May 2023JP¥5.8tJP¥35.3tJP¥1.1t9.9x5.2x0.2x
Tue, 18 Apr 2023JP¥5.8tJP¥34.5tJP¥1.4t9x4.2x0.2x
Thu, 16 Mar 2023JP¥5.6tJP¥34.5tJP¥1.4t8.5x4x0.2x
Price to Earnings Ratio

4x


Total Market Cap: JP¥5.6tTotal Earnings: JP¥1.4tTotal Revenue: JP¥34.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Energy Sector Price to Earnings3Y Average 9.6x202420252026
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 20.3x which is higher than its 3-year average PE of 9.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.25x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 21% per year over the last three years,
  • Revenues have also declined 4.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

JP Market-5.40%
Energy-1.54%
Oil and Gas-1.09%
Energy Services-7.48%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 9.5x.
    • Analysts are expecting annual earnings growth of 15.6%, which is higher than its past year's earnings decline of 11.9% per year.
  • Investors are most pessimistic about the Energy Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.5x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Energy Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
1605 InpexJP¥4.10k1.8%
+JP¥84.8b		110.0%PE12.1x
9130 Kyoei TankerJP¥1.73k24.4%
+JP¥2.6b		70.2%PE20.4x
7486 SanrinJP¥929.0012.9%
+JP¥1.3b		41.2%PE18.1x
5015 BP Castrol K.KJP¥1.01k0.7%
+JP¥160.7m		17.7%n/a

Latest News

8088
JP¥1,700.50
Iwatani
7D
-15.8%
1Y
11.0%
7486
JP¥929.00
Sanrin
7D
12.9%
1Y
41.2%
5021
JP¥4,415.00
Cosmo Energy Holdings
7D
-10.6%
1Y
35.0%

5021: Share Repurchases And Higher P/E Will Likely Fail To Support Returns

Analysts have raised their price target on Cosmo Energy Holdings from ¥3,400 to about ¥3,578, citing updates to the discount rate, revenue growth, profit margin, and forward P/E assumptions in their models. What's in the News Board meeting on February 6, 2026 to consider a change of representative director and a proposal to repurchase the company’s own shares (Key Developments).
5020
JP¥1,333.50
ENEOS Holdings
7D
-13.6%
1Y
66.7%

5020: Future Earnings And Higher P/E Will Shape Balanced Return Outlook

Analysts have raised their price target for ENEOS Holdings from ¥1,216.25 to ¥1,346.25, citing updated assumptions related to discount rates, revenue trends, profit margins and future P/E levels. Valuation Changes Fair Value: updated from ¥1,216.25 to ¥1,346.25, a modest upward adjustment to the estimated equity value per share.
1662
JP¥2,399.00
Japan Petroleum Exploration
7D
-10.1%
1Y
103.3%
1605
JP¥4,104.00
Inpex
7D
1.8%
1Y
110.0%

1605: Higher 2026 Cash Flows And Buybacks Will Support Stronger Shareholder Returns

Narrative Update on Inpex Analysts have adjusted their fair value estimate for Inpex from about ¥4,187 to roughly ¥4,859, reflecting updated assumptions on revenue growth, profit margins and future P/E multiples. This comes alongside a recent move by one firm to set a ¥2,820 price target based on expectations for softer oil and gas prices in 2026.
9130
JP¥1,729.00
Kyoei Tanker
7D
24.4%
1Y
70.2%
5019
JP¥1,389.00
Idemitsu KosanLtd
7D
-8.5%
1Y
30.0%
6269
JP¥12,225.00
MODEC
7D
-10.9%
1Y
197.1%
8097
JP¥2,323.00
San-Ai Obbli
7D
-9.9%
1Y
30.7%

San-Ai Obbli's (TSE:8097) Soft Earnings Don't Show The Whole Picture

Feb 17
San-Ai Obbli's (TSE:8097) Soft Earnings Don't Show The Whole Picture
5015
JP¥1,005.00
BP Castrol K.K
7D
0.7%
1Y
17.7%
8133
JP¥1,993.00
Itochu EnexLtd
7D
-5.4%
1Y
24.9%