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Japanese (NIKKEI) Oil and Gas Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies21
  • 7D2.9%
  • 3M27.2%
  • 1Y70.6%
  • YTD28.0%

In the last week, the Oil and Gas industry is up 2.9%, with Inpex up 6.5%. This means that the industry has gained 71% over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026JP¥13.1tJP¥29.1tJP¥611.8b14x21.4x0.5x
Wed, 11 Feb 2026JP¥12.7tJP¥29.0tJP¥682.9b13.2x18.6x0.4x
Fri, 09 Jan 2026JP¥10.4tJP¥29.7tJP¥690.7b12.4x15.1x0.4x
Sun, 07 Dec 2025JP¥10.2tJP¥29.7tJP¥690.6b11.7x14.7x0.3x
Tue, 04 Nov 2025JP¥9.3tJP¥30.7tJP¥534.4b10.7x17.4x0.3x
Thu, 02 Oct 2025JP¥8.9tJP¥30.7tJP¥534.0b11.2x16.7x0.3x
Sat, 30 Aug 2025JP¥8.6tJP¥30.7tJP¥534.0b12.2x16.1x0.3x
Mon, 28 Jul 2025JP¥7.7tJP¥31.5tJP¥747.6b10.4x10.3x0.2x
Wed, 25 Jun 2025JP¥7.1tJP¥31.5tJP¥748.3b9.6x9.5x0.2x
Fri, 23 May 2025JP¥6.9tJP¥31.5tJP¥748.3b10x9.2x0.2x
Sun, 20 Apr 2025JP¥6.9tJP¥32.3tJP¥1.1t9.9x6.5x0.2x
Tue, 18 Mar 2025JP¥8.1tJP¥32.3tJP¥1.1t10.7x7.6x0.2x
Thu, 13 Feb 2025JP¥7.7tJP¥32.7tJP¥954.9b9.7x8.1x0.2x
Sat, 11 Jan 2025JP¥7.8tJP¥32.7tJP¥937.8b9.4x8.4x0.2x
Mon, 09 Dec 2024JP¥7.9tJP¥32.7tJP¥937.8b9.4x8.4x0.2x
Wed, 06 Nov 2024JP¥8.0tJP¥32.9tJP¥1.2t8.9x7x0.2x
Fri, 04 Oct 2024JP¥8.4tJP¥33.0tJP¥1.2t9.2x7.3x0.3x
Sun, 01 Sep 2024JP¥8.6tJP¥33.0tJP¥1.2t9.6x7.4x0.3x
Tue, 30 Jul 2024JP¥8.8tJP¥32.3tJP¥1.1t11.1x8x0.3x
Thu, 27 Jun 2024JP¥9.1tJP¥32.3tJP¥1.1t10.9x8.6x0.3x
Sat, 25 May 2024JP¥8.8tJP¥32.3tJP¥1.1t10.1x8.3x0.3x
Mon, 22 Apr 2024JP¥8.7tJP¥32.3tJP¥1.0t10.4x8.5x0.3x
Wed, 20 Mar 2024JP¥8.6tJP¥32.3tJP¥1.1t10.7x8x0.3x
Fri, 16 Feb 2024JP¥7.4tJP¥32.3tJP¥1.1t10x6.9x0.2x
Sun, 14 Jan 2024JP¥7.4tJP¥32.8tJP¥807.2b12.3x9.2x0.2x
Tue, 12 Dec 2023JP¥7.2tJP¥32.8tJP¥807.2b12.3x8.9x0.2x
Thu, 09 Nov 2023JP¥6.8tJP¥33.8tJP¥709.5b11.7x9.6x0.2x
Sat, 07 Oct 2023JP¥6.6tJP¥33.8tJP¥707.6b10.1x9.4x0.2x
Mon, 04 Sep 2023JP¥7.1tJP¥33.8tJP¥707.6b10.5x10.1x0.2x
Wed, 02 Aug 2023JP¥6.5tJP¥34.8tJP¥1.1t10.3x5.9x0.2x
Fri, 30 Jun 2023JP¥6.0tJP¥34.8tJP¥1.1t10.2x5.5x0.2x
Sun, 28 May 2023JP¥5.7tJP¥34.8tJP¥1.1t9.8x5.2x0.2x
Tue, 25 Apr 2023JP¥5.6tJP¥34.1tJP¥1.4t9x4.1x0.2x
Thu, 23 Mar 2023JP¥5.4tJP¥34.1tJP¥1.4t8.2x3.9x0.2x
Price to Earnings Ratio

3.9x


Total Market Cap: JP¥5.4tTotal Earnings: JP¥1.4tTotal Revenue: JP¥34.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Oil and Gas Industry Price to Earnings3Y Average 9.6x202420252026
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 21.4x 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 Oil and Gas industry have declined 23% per year over the last three years,
  • Revenues have also declined 5.2% 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-2.28%
Energy3.28%
Oil and Gas2.90%
Oil and Gas Storage and Transportation10.04%
Coal and Fuels8.70%
Oil and Gas Exploration and Production7.08%
Oil and Gas Refining and Marketing-0.85%
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 30.3%, which is higher than its past year's earnings decline of 11.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Oil and Gas Exploration and Production 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¥4.37k6.6%
+JP¥312.6b		116.6%PE12.9x
5019 Idemitsu KosanLtdJP¥1.44k3.9%
+JP¥66.7b		26.6%PE60.5x
8088 IwataniJP¥1.92k12.6%
+JP¥49.4b		23.2%PE10.9x
1662 Japan Petroleum ExplorationJP¥2.56k7.3%
+JP¥44.5b		110.3%PE14.1x
5021 Cosmo Energy HoldingsJP¥4.45k1.6%
+JP¥7.7b		32.4%PE14x

Latest News

7486
JP¥780.00
Sanrin
7D
-16.0%
1Y
17.8%
8088
JP¥1,919.50
Iwatani
7D
12.6%
1Y
23.2%
1662
JP¥2,562.00
Japan Petroleum Exploration
7D
7.3%
1Y
110.3%
8133
JP¥1,934.00
Itochu EnexLtd
7D
-2.4%
1Y
17.7%
5021
JP¥4,452.00
Cosmo Energy Holdings
7D
1.6%
1Y
32.4%
5020
JP¥1,328.50
ENEOS Holdings
7D
-0.3%
1Y
58.9%

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.
1605
JP¥4,370.00
Inpex
7D
6.6%
1Y
116.6%

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¥2,348.00
Kyoei Tanker
7D
34.8%
1Y
126.2%
5019
JP¥1,441.50
Idemitsu KosanLtd
7D
3.9%
1Y
26.6%
2734
JP¥1,060.00
SALA
7D
-4.5%
1Y
21.3%
8097
JP¥2,257.00
San-Ai Obbli
7D
-2.3%
1Y
26.3%

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
8131
JP¥2,231.00
Mitsuuroko Group HoldingsLtd
7D
3.3%
1Y
15.5%

Mitsuuroko Group HoldingsLtd's (TSE:8131) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 12
Mitsuuroko Group HoldingsLtd's (TSE:8131) Shareholders Will Receive A Bigger Dividend Than Last Year
5015
JP¥997.00
BP Castrol K.K
7D
-0.9%
1Y
17.3%
3315
JP¥124.00
Nippon Coke & Engineering Company
7D
11.7%
1Y
36.3%
416A
JP¥1,224.00
Fuji United Holdings CompanyLtd
7D
-2.0%
1Y
-17.1%
7441
JP¥1,730.00
Misumi
7D
-0.6%
1Y
0.5%