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Japanese (NIKKEI) Oil and Gas Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies21
  • 7D2.6%
  • 3M23.6%
  • 1Y54.4%
  • YTD10.6%

In the last week, the Oil and Gas industry is up 2.6%, with Inpex up 6.7%. During this same period, the Itochu EnexLtd underperformed, falling 5.9%. In the last 12 months, the industry was up 54%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

Has the Japanese Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026JP¥11.4tJP¥29.1tJP¥698.1b12.5x16.3x0.4x
Sun, 28 Dec 2025JP¥10.3tJP¥29.7tJP¥690.7b12.2x14.9x0.3x
Tue, 25 Nov 2025JP¥10.0tJP¥29.7tJP¥690.4b11.3x14.5x0.3x
Thu, 23 Oct 2025JP¥9.1tJP¥30.7tJP¥535.3b11x17x0.3x
Sat, 20 Sep 2025JP¥8.9tJP¥30.7tJP¥534.0b12.6x16.7x0.3x
Mon, 18 Aug 2025JP¥8.3tJP¥30.7tJP¥534.0b11.9x15.6x0.3x
Wed, 16 Jul 2025JP¥7.5tJP¥31.5tJP¥747.6b10.3x10x0.2x
Fri, 13 Jun 2025JP¥7.3tJP¥31.5tJP¥748.3b9.9x9.8x0.2x
Sun, 11 May 2025JP¥7.0tJP¥32.3tJP¥1.0t9.6x6.7x0.2x
Tue, 08 Apr 2025JP¥6.3tJP¥32.3tJP¥1.1t9.3x5.9x0.2x
Thu, 06 Mar 2025JP¥7.6tJP¥32.3tJP¥1.1t10.2x7.3x0.2x
Sat, 01 Feb 2025JP¥7.7tJP¥32.7tJP¥937.9b9.5x8.2x0.2x
Mon, 30 Dec 2024JP¥8.0tJP¥32.7tJP¥937.8b9.4x8.5x0.2x
Wed, 27 Nov 2024JP¥7.8tJP¥32.7tJP¥937.6b9.9x8.4x0.2x
Fri, 25 Oct 2024JP¥8.0tJP¥33.0tJP¥1.2t8.8x7x0.2x
Sun, 22 Sep 2024JP¥8.1tJP¥33.0tJP¥1.2t8.8x7x0.2x
Tue, 20 Aug 2024JP¥8.4tJP¥33.0tJP¥1.2t9x7x0.3x
Thu, 18 Jul 2024JP¥9.2tJP¥32.3tJP¥1.1t11.1x8.7x0.3x
Sat, 15 Jun 2024JP¥9.1tJP¥32.3tJP¥1.1t10.5x8.7x0.3x
Mon, 13 May 2024JP¥8.9tJP¥32.3tJP¥1.1t9.5x8.4x0.3x
Wed, 10 Apr 2024JP¥9.1tJP¥32.3tJP¥1.0t10.5x8.8x0.3x
Fri, 08 Mar 2024JP¥8.1tJP¥32.3tJP¥1.1t10.5x7.5x0.3x
Sun, 04 Feb 2024JP¥7.4tJP¥32.8tJP¥808.6b12.4x9.2x0.2x
Tue, 02 Jan 2024JP¥7.0tJP¥32.8tJP¥807.2b11.6x8.6x0.2x
Thu, 30 Nov 2023JP¥7.4tJP¥32.8tJP¥807.2b12.2x9.1x0.2x
Sat, 28 Oct 2023JP¥7.3tJP¥33.8tJP¥707.2b10.4x10.3x0.2x
Mon, 25 Sep 2023JP¥7.7tJP¥33.8tJP¥707.6b10.8x10.9x0.2x
Wed, 23 Aug 2023JP¥6.7tJP¥33.8tJP¥707.6b10.1x9.5x0.2x
Fri, 21 Jul 2023JP¥6.2tJP¥34.8tJP¥1.1t10x5.6x0.2x
Sun, 18 Jun 2023JP¥6.1tJP¥34.8tJP¥1.1t10.1x5.5x0.2x
Tue, 16 May 2023JP¥5.8tJP¥34.8tJP¥1.1t9.7x5.1x0.2x
Thu, 13 Apr 2023JP¥5.7tJP¥34.1tJP¥1.4t8.8x4.2x0.2x
Sat, 11 Mar 2023JP¥5.7tJP¥34.1tJP¥1.4t8.5x4.2x0.2x
Mon, 06 Feb 2023JP¥5.4tJP¥31.9tJP¥1.7t8.2x3.1x0.2x
Price to Earnings Ratio

3.1x


Total Market Cap: JP¥5.4tTotal Earnings: JP¥1.7tTotal Revenue: JP¥31.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Oil and Gas Industry Price to Earnings3Y Average 9x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Oil and Gas 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 9.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.24x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 26% per year over the last three years,
  • Revenues have also declined 3.0% 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 industry?

JP Market-1.87%
Energy3.23%
Oil and Gas2.55%
Oil and Gas Exploration and Production5.84%
Coal and Fuels1.87%
Oil and Gas Refining and Marketing0.55%
Oil and Gas Storage and Transportation-0.036%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 31.0%, which is higher than its past year's earnings growth of 1.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 1.4% per year.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings decline by 7.4% 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
1605 InpexJP¥3.44k6.6%
+JP¥247.5b		84.1%PE9.3x
5020 ENEOS HoldingsJP¥1.30k3.3%
+JP¥111.6b		65.0%PS0.3x
5019 Idemitsu KosanLtdJP¥1.31k1.2%
+JP¥19.0b		25.4%PE39.3x
5021 Cosmo Energy HoldingsJP¥4.61k1.4%
+JP¥10.5b		36.5%PE12.5x
1662 Japan Petroleum ExplorationJP¥1.89k0.4%
+JP¥1.8b		71.1%PE5.6x

Latest News

5019
JP¥1,306.50
Idemitsu KosanLtd
7D
1.2%
1Y
25.4%
5021
JP¥4,614.00
Cosmo Energy Holdings
7D
1.4%
1Y
36.5%
8088
JP¥1,829.50
Iwatani
7D
0.3%
1Y
7.2%

We Think Iwatani (TSE:8088) Is Taking Some Risk With Its Debt

Jan 27
We Think Iwatani (TSE:8088) Is Taking Some Risk With Its Debt
5020
JP¥1,298.50
ENEOS Holdings
7D
3.3%
1Y
65.0%

5020: Higher Dividends Will Conceal Weaker Earnings Outlook And Stretched Valuation

Analysts have lifted their fair value estimate for ENEOS Holdings from ¥762.26 to ¥787.95, citing slightly lower discount rate assumptions, a small improvement in expected profit margins, and a modest adjustment to the forward P/E multiple. What's in the News ENEOS Holdings revised its consolidated earnings guidance for the fiscal year ending March 31, 2026, and now expects revenue of ¥11,400,000 million, operating profit of ¥290,000 million, and profit attributable to owners of parent of ¥135,000 million, with basic profit per share of ¥50.19.
1605
JP¥3,443.00
Inpex
7D
6.6%
1Y
84.1%

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.
8133
JP¥1,912.00
Itochu EnexLtd
7D
-6.5%
1Y
20.2%

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
7486
JP¥744.00
Sanrin
7D
-5.1%
1Y
12.7%
1662
JP¥1,894.00
Japan Petroleum Exploration
7D
0.4%
1Y
71.1%

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
8132
JP¥6,380.00
Sinanen Holdings
7D
-0.6%
1Y
-1.8%

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¥2,171.00
Mitsuuroko Group HoldingsLtd
7D
-2.9%
1Y
20.0%
3315
JP¥110.00
Nippon Coke & Engineering Company
7D
2.8%
1Y
14.6%
5015
JP¥925.00
BP Castrol K.K
7D
-0.9%
1Y
10.6%
8097
JP¥2,193.00
San-Ai Obbli
7D
-1.6%
1Y
21.5%

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

Dec 21
San-Ai Obbli's (TSE:8097) Dividend Will Be ¥50.00
9074
JP¥5,420.00
Japan Oil Transportation
7D
-3.6%
1Y
97.3%

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
9130
JP¥1,190.00
Kyoei Tanker
7D
3.8%
1Y
14.6%
416A
JP¥1,265.00
Fuji United Holdings CompanyLtd
7D
-0.8%
1Y
-11.2%