Analysis Article • May 19
Have your own idea? Try our Stock Screener
Japanese (NIKKEI) Utilities Sector Analysis
UpdatedJun 03, 2026
DataAggregated Company Financials
Companies31
- 7D-2.7%
- 3M-9.2%
- 1Y38.6%
- YTD-2.3%
Over the last 7 days, the Utilities industry has dropped 2.7%, driven by Tokyo GasLtd declining 4.0%. In the past year, the industry has gained 39%. As for the next few years, earnings are expected to grow by 1.5% per annum.
Sector Valuation and Performance
Has the Japanese Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Jun 2026 | JP¥14.1t | JP¥30.9t | JP¥1.2t | 9.4x | 12.2x | 0.5x |
| Fri, 01 May 2026 | JP¥14.8t | JP¥31.3t | JP¥1.1t | 10.2x | 13.7x | 0.5x |
| Sun, 29 Mar 2026 | JP¥16.1t | JP¥31.4t | JP¥1.1t | 10x | 14.4x | 0.5x |
| Tue, 24 Feb 2026 | JP¥16.1t | JP¥31.4t | JP¥1.1t | 10.3x | 14.4x | 0.5x |
| Thu, 22 Jan 2026 | JP¥14.7t | JP¥31.9t | JP¥1.1t | 10.2x | 13x | 0.5x |
| Sat, 20 Dec 2025 | JP¥14.4t | JP¥31.9t | JP¥1.1t | 9.6x | 12.7x | 0.4x |
| Mon, 17 Nov 2025 | JP¥14.4t | JP¥31.9t | JP¥1.1t | 9.9x | 12.7x | 0.5x |
| Wed, 15 Oct 2025 | JP¥12.8t | JP¥32.3t | JP¥924.5b | 10.5x | 13.8x | 0.4x |
| Fri, 12 Sep 2025 | JP¥13.5t | JP¥32.3t | JP¥923.8b | 10.9x | 14.6x | 0.4x |
| Sun, 10 Aug 2025 | JP¥12.6t | JP¥32.3t | JP¥922.9b | 10.7x | 13.6x | 0.4x |
| Tue, 08 Jul 2025 | JP¥11.3t | JP¥32.4t | JP¥1.8t | 9.9x | 6.3x | 0.3x |
| Thu, 05 Jun 2025 | JP¥10.5t | JP¥32.4t | JP¥1.8t | 10.3x | 5.9x | 0.3x |
| Sat, 03 May 2025 | JP¥10.9t | JP¥32.3t | JP¥1.7t | 10.6x | 6.2x | 0.3x |
| Mon, 31 Mar 2025 | JP¥11.0t | JP¥31.9t | JP¥1.7t | 9.8x | 6.5x | 0.3x |
| Wed, 26 Feb 2025 | JP¥10.7t | JP¥31.9t | JP¥1.7t | 9.2x | 6.3x | 0.3x |
| Fri, 24 Jan 2025 | JP¥10.3t | JP¥31.8t | JP¥1.5t | 10.6x | 7x | 0.3x |
| Sun, 22 Dec 2024 | JP¥10.1t | JP¥31.8t | JP¥1.5t | 10.6x | 6.8x | 0.3x |
| Tue, 19 Nov 2024 | JP¥11.0t | JP¥31.8t | JP¥1.5t | 11.9x | 7.4x | 0.3x |
| Thu, 17 Oct 2024 | JP¥11.4t | JP¥31.7t | JP¥1.9t | 10.4x | 6.1x | 0.4x |
| Sat, 14 Sep 2024 | JP¥11.3t | JP¥31.7t | JP¥1.9t | 10x | 6.1x | 0.4x |
| Mon, 12 Aug 2024 | JP¥11.1t | JP¥31.7t | JP¥1.9t | 10.8x | 6x | 0.4x |
| Wed, 10 Jul 2024 | JP¥12.0t | JP¥32.2t | JP¥2.3t | 9.9x | 5.3x | 0.4x |
| Fri, 07 Jun 2024 | JP¥13.2t | JP¥32.2t | JP¥2.3t | 10.5x | 5.8x | 0.4x |
| Sun, 05 May 2024 | JP¥12.7t | JP¥32.5t | JP¥2.3t | 8.6x | 5.5x | 0.4x |
| Tue, 02 Apr 2024 | JP¥11.6t | JP¥34.0t | JP¥3.1t | 7.7x | 3.7x | 0.3x |
| Thu, 29 Feb 2024 | JP¥10.9t | JP¥34.0t | JP¥3.1t | 7.6x | 3.5x | 0.3x |
| Sat, 27 Jan 2024 | JP¥10.6t | JP¥35.7t | JP¥2.3t | 9.6x | 4.7x | 0.3x |
| Mon, 25 Dec 2023 | JP¥10.2t | JP¥35.7t | JP¥2.3t | 9x | 4.5x | 0.3x |
| Wed, 22 Nov 2023 | JP¥10.2t | JP¥35.7t | JP¥2.3t | 8.8x | 4.5x | 0.3x |
| Fri, 20 Oct 2023 | JP¥10.1t | JP¥36.2t | JP¥1.0t | 11.2x | 9.6x | 0.3x |
| Sun, 17 Sep 2023 | JP¥11.2t | JP¥36.2t | JP¥1.0t | 11.3x | 10.7x | 0.3x |
| Tue, 15 Aug 2023 | JP¥9.7t | JP¥36.2t | JP¥1.0t | 10.2x | 9.3x | 0.3x |
| Thu, 13 Jul 2023 | JP¥9.1t | JP¥35.3t | -JP¥20,011,000,000.00 | 11x | -454.3x | 0.3x |
| Sat, 10 Jun 2023 | JP¥9.4t | JP¥35.3t | -JP¥21,037,000,000.00 | 13.4x | -447.2x | 0.3x |
Price to Earnings Ratio
-447.2x
Current Industry PE
- Investors are pessimistic on the Japanese Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.2x which is higher than its 3-year average PE of -15.7x.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- Total earnings for the Utilities industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 4.4% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Japanese Utilities sector?
| JP Market | 0.10% | |
| Utilities | -2.73% | |
| Electric Utilities | -2.04% | |
| Gas Utilities | -3.42% | |
| Renewable Energy | -4.49% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 8.3x.
- Analysts are expecting annual earnings growth of 3.2%, which is lower than the prior year's growth of 74.5% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading close to its 3-year average of 11.3x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 4.8% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Gas Utilities industry is expected to see its earnings decline by 4.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9503 Kansai Electric Power Company | JP¥2.36k | 1.6% +JP¥40.7b | 48.0% | PE6.9x | |
| 9532 Osaka Gas | JP¥5.57k | 1.3% +JP¥26.4b | 53.7% | PE14x | |
| 9506 Tohoku Electric Power Company | JP¥1.01k | 1.6% +JP¥7.8b | 0.5% | PE6x | |
| 8174 Nippon Gas | JP¥2.81k | 0.8% +JP¥2.5b | 7.8% | PE20.2x | |
| 9513 Electric Power Development | JP¥4.00k | 0.2% +JP¥1.2b | 68.8% | PE12x |