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Japanese (NIKKEI) Energy Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies25
  • 7D3.8%
  • 3M25.0%
  • 1Y42.9%
  • YTD38.3%

Over the last 7 days, the Energy industry has risen 3.8%, driven by gains from Inpex of 4.4%. In the last 12 months, the industry was up 43%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Nov 2025JP¥11.1tJP¥30.5tJP¥741.0b11.7x15x0.4x
Fri, 24 Oct 2025JP¥9.9tJP¥31.4tJP¥575.7b11x17.2x0.3x
Sun, 21 Sep 2025JP¥9.5tJP¥31.4tJP¥574.4b11.7x16.6x0.3x
Tue, 19 Aug 2025JP¥8.9tJP¥31.4tJP¥574.1b11.6x15.4x0.3x
Thu, 17 Jul 2025JP¥7.9tJP¥32.2tJP¥783.8b10.6x10.1x0.2x
Sat, 14 Jun 2025JP¥7.9tJP¥32.2tJP¥783.6b10.1x10.1x0.2x
Mon, 12 May 2025JP¥7.3tJP¥33.1tJP¥1.1t8.4x6.7x0.2x
Wed, 09 Apr 2025JP¥6.9tJP¥33.1tJP¥1.1t8.1x6.3x0.2x
Fri, 07 Mar 2025JP¥8.0tJP¥33.0tJP¥1.1t9.5x7.3x0.2x
Sun, 02 Feb 2025JP¥7.9tJP¥33.4tJP¥981.4b8.6x8.1x0.2x
Tue, 31 Dec 2024JP¥8.2tJP¥33.5tJP¥980.2b8.8x8.4x0.2x
Thu, 28 Nov 2024JP¥8.1tJP¥33.4tJP¥978.5b8.3x8.2x0.2x
Sat, 26 Oct 2024JP¥8.2tJP¥33.6tJP¥1.2t8x6.9x0.2x
Mon, 23 Sep 2024JP¥8.3tJP¥33.6tJP¥1.2t8.1x7x0.2x
Wed, 21 Aug 2024JP¥8.7tJP¥33.6tJP¥1.2t8x7x0.3x
Fri, 19 Jul 2024JP¥9.4tJP¥32.9tJP¥1.1t10x8.7x0.3x
Sun, 16 Jun 2024JP¥9.4tJP¥32.9tJP¥1.1t9.9x8.6x0.3x
Tue, 14 May 2024JP¥9.1tJP¥32.9tJP¥1.1t11.1x8.5x0.3x
Thu, 11 Apr 2024JP¥9.3tJP¥32.8tJP¥1.0t10.9x8.9x0.3x
Sat, 09 Mar 2024JP¥8.4tJP¥32.9tJP¥1.1t10.6x7.7x0.3x
Mon, 05 Feb 2024JP¥7.6tJP¥33.4tJP¥820.0b12.4x9.3x0.2x
Wed, 03 Jan 2024JP¥7.2tJP¥33.4tJP¥819.3b12x8.7x0.2x
Fri, 01 Dec 2023JP¥7.6tJP¥33.4tJP¥819.3b12.5x9.2x0.2x
Sun, 29 Oct 2023JP¥7.4tJP¥34.3tJP¥716.3b11.6x10.4x0.2x
Tue, 26 Sep 2023JP¥7.9tJP¥34.3tJP¥716.7b12x11x0.2x
Thu, 24 Aug 2023JP¥6.9tJP¥34.3tJP¥716.7b11.2x9.6x0.2x
Sat, 22 Jul 2023JP¥6.4tJP¥35.3tJP¥1.1t10.3x5.8x0.2x
Mon, 19 Jun 2023JP¥6.2tJP¥35.3tJP¥1.1t10.1x5.5x0.2x
Wed, 17 May 2023JP¥5.9tJP¥35.2tJP¥1.1t9.9x5.1x0.2x
Fri, 14 Apr 2023JP¥5.8tJP¥34.5tJP¥1.4t8.9x4.2x0.2x
Sun, 12 Mar 2023JP¥5.8tJP¥34.5tJP¥1.4t9x4.2x0.2x
Tue, 07 Feb 2023JP¥5.7tJP¥32.4tJP¥1.7t8.1x3.3x0.2x
Thu, 05 Jan 2023JP¥5.4tJP¥32.3tJP¥1.7t8.4x3.1x0.2x
Sat, 03 Dec 2022JP¥5.8tJP¥32.4tJP¥1.7t8.6x3.4x0.2x
Price to Earnings Ratio

3.4x


Total Market Cap: JP¥5.8tTotal Earnings: JP¥1.7tTotal Revenue: JP¥32.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Energy Sector Price to Earnings3Y Average 8.3x202320242025
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 15.0x which is higher than its 3-year average PE of 8.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.23x.
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 Market1.15%
Energy3.81%
Energy Services13.06%
Oil and Gas2.86%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 10.7x.
    • Analysts are expecting annual earnings growth of 6.9%, 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 8.3x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 13% 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 6.9% 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
1605 InpexJP¥3.29k7.0%
+JP¥253.5b		68.8%PE9x
5020 ENEOS HoldingsJP¥1.04k2.3%
+JP¥63.2b		29.9%PS0.2x
6269 MODECJP¥15.26k6.3%
+JP¥62.2b		377.5%PE22.6x
5021 Cosmo Energy HoldingsJP¥4.05k3.2%
+JP¥20.5b		23.6%PE11x
5019 Idemitsu KosanLtdJP¥1.15k1.5%
+JP¥20.2b		14.8%PE34.5x

Latest News

5021
JP¥4,052.00
Cosmo Energy Holdings
7D
3.2%
1Y
23.6%

5021: Discount Rate Reduction Will Support Fair Value in Coming Months

Narrative Update on Cosmo Energy Holdings Analysts have slightly reduced their price target for Cosmo Energy Holdings from ¥4,096 to ¥4,094, citing modest adjustments in projected revenue growth and profit margin expectations. Valuation Changes Fair Value Estimate has decreased marginally from ¥4,096.43 to ¥4,094.17.
5020
JP¥1,037.00
ENEOS Holdings
7D
2.3%
1Y
29.9%

5020: Dividend Increases And Margin Improvements Expected Despite Earnings Headwinds

ENEOS Holdings has seen its analyst price target adjusted slightly downward from ¥981.43 to ¥976.67. Analysts cite improved profit margins and revenue forecasts, although these are largely offset by a modestly higher expected future P/E ratio.
6269
JP¥15,255.00
MODEC
7D
6.3%
1Y
377.5%

MODEC (TSE:6269) Will Pay A Larger Dividend Than Last Year At $80.00

Nov 25
MODEC (TSE:6269) Will Pay A Larger Dividend Than Last Year At $80.00
1605
JP¥3,290.00
Inpex
7D
7.0%
1Y
68.8%

1605: Future Buyback Expansion Is Expected To Limit Shareholder Returns

Analysts have raised their price target for Inpex from ¥2,548 to ¥2,801. They cited an improved outlook with better projected revenue growth and only minor changes to profit margins.
5019
JP¥1,147.00
Idemitsu KosanLtd
7D
1.5%
1Y
14.8%

Idemitsu KosanLtd's (TSE:5019) Soft Earnings Don't Show The Whole Picture

Nov 19
Idemitsu KosanLtd's (TSE:5019) Soft Earnings Don't Show The Whole Picture
7486
JP¥708.00
Sanrin
7D
-0.1%
1Y
7.8%

Sanrin's (TSE:7486) Soft Earnings Are Actually Better Than They Appear

Nov 19
Sanrin's (TSE:7486) Soft Earnings Are Actually Better Than They Appear
1662
JP¥1,430.00
Japan Petroleum Exploration
7D
5.5%
1Y
34.8%

Japan Petroleum Exploration's (TSE:1662) Earnings Are Weaker Than They Seem

Nov 19
Japan Petroleum Exploration's (TSE:1662) Earnings Are Weaker Than They Seem
8088
JP¥1,694.50
Iwatani
7D
3.2%
1Y
-7.0%

Iwatani's (TSE:8088) Problems Go Beyond Weak Profit

Nov 18
Iwatani's (TSE:8088) Problems Go Beyond Weak Profit
6239
JP¥1,356.00
Nagaoka International
7D
-2.6%
1Y
27.3%
8133
JP¥1,898.00
Itochu EnexLtd
7D
5.4%
1Y
19.1%