Japanese (NIKKEI) Gas Utilities Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 14 Jul 2026	JP¥5.1t	JP¥6.7t	JP¥473.8b	11.6x	10.9x	0.8x
Thu, 11 Jun 2026	JP¥5.4t	JP¥6.7t	JP¥473.6b	11.2x	11.4x	0.8x
Sat, 09 May 2026	JP¥5.6t	JP¥6.8t	JP¥505.2b	11.1x	11.1x	0.8x
Mon, 06 Apr 2026	JP¥6.3t	JP¥6.8t	JP¥482.6b	12x	13x	0.9x
Wed, 04 Mar 2026	JP¥6.6t	JP¥6.8t	JP¥482.5b	12.8x	13.6x	1x
Fri, 30 Jan 2026	JP¥5.8t	JP¥6.7t	JP¥454.6b	11.8x	12.7x	0.9x
Sun, 28 Dec 2025	JP¥5.4t	JP¥6.7t	JP¥454.6b	11.7x	11.9x	0.8x
Tue, 25 Nov 2025	JP¥5.3t	JP¥6.7t	JP¥455.9b	11.3x	11.7x	0.8x
Thu, 23 Oct 2025	JP¥4.6t	JP¥6.7t	JP¥393.1b	11.2x	11.6x	0.7x
Sat, 20 Sep 2025	JP¥4.6t	JP¥6.7t	JP¥393.1b	11x	11.8x	0.7x
Mon, 18 Aug 2025	JP¥4.9t	JP¥6.7t	JP¥392.5b	12.1x	12.4x	0.7x
Wed, 16 Jul 2025	JP¥4.3t	JP¥6.6t	JP¥287.0b	10.9x	14.9x	0.6x
Fri, 13 Jun 2025	JP¥4.1t	JP¥6.6t	JP¥287.5b	10.7x	14.3x	0.6x
Sun, 11 May 2025	JP¥4.3t	JP¥6.6t	JP¥282.1b	12.2x	15.2x	0.6x
Tue, 08 Apr 2025	JP¥3.9t	JP¥6.5t	JP¥256.6b	13x	15.3x	0.6x
Thu, 06 Mar 2025	JP¥4.1t	JP¥6.5t	JP¥256.6b	14x	16.1x	0.6x
Sat, 01 Feb 2025	JP¥3.9t	JP¥6.5t	JP¥241.8b	13.1x	16.1x	0.6x
Mon, 30 Dec 2024	JP¥4.2t	JP¥6.5t	JP¥237.4b	14.8x	17.5x	0.6x
Wed, 27 Nov 2024	JP¥4.0t	JP¥6.5t	JP¥237.8b	13.9x	16.7x	0.6x
Fri, 25 Oct 2024	JP¥3.5t	JP¥6.5t	JP¥280.6b	12.1x	12.5x	0.5x
Sun, 22 Sep 2024	JP¥3.7t	JP¥6.5t	JP¥280.6b	12.6x	13.1x	0.6x
Tue, 20 Aug 2024	JP¥3.8t	JP¥6.5t	JP¥279.4b	12.6x	13.6x	0.6x
Thu, 18 Jul 2024	JP¥3.8t	JP¥6.6t	JP¥372.8b	11.5x	10.3x	0.6x
Sat, 15 Jun 2024	JP¥3.9t	JP¥6.6t	JP¥372.4b	11.2x	10.6x	0.6x
Mon, 13 May 2024	JP¥4.0t	JP¥6.6t	JP¥379.6b	11.4x	10.4x	0.6x
Wed, 10 Apr 2024	JP¥3.8t	JP¥7.0t	JP¥516.6b	9x	7.3x	0.5x
Fri, 08 Mar 2024	JP¥3.6t	JP¥7.0t	JP¥516.4b	8.7x	7x	0.5x
Sun, 04 Feb 2024	JP¥3.6t	JP¥7.4t	JP¥603.5b	8.7x	6x	0.5x
Tue, 02 Jan 2024	JP¥3.5t	JP¥7.5t	JP¥604.5b	7.9x	5.7x	0.5x
Thu, 30 Nov 2023	JP¥3.4t	JP¥7.5t	JP¥604.5b	7.6x	5.7x	0.5x
Sat, 28 Oct 2023	JP¥3.3t	JP¥7.7t	JP¥533.4b	7.8x	6.1x	0.4x
Mon, 25 Sep 2023	JP¥3.4t	JP¥7.7t	JP¥533.4b	8.1x	6.4x	0.4x
Wed, 23 Aug 2023	JP¥3.2t	JP¥7.7t	JP¥533.4b	7.5x	5.9x	0.4x
Fri, 21 Jul 2023	JP¥3.0t	JP¥7.6t	JP¥434.0b	8.5x	7x	0.4x

Current Industry PE

Investors are relatively neutral on the Japanese Gas Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 11.4x.

The industry is trading close to its 3-year average PS ratio of 0.63x.

Past Earnings Growth

The earnings for companies in the Gas Utilities industry have grown 3.0% per year over the last three years.
Meanwhile revenues for these companies have declined 3.8% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Japanese Utilities industry?


JP Market	-2.63%
Utilities	-2.99%
Gas Utilities	-3.62%
Gas Utilities	-3.62%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Company	Last Price	7D	1Y	Valuation
9534 Hokkaido Gas	JP¥775.00	1.8% +JP¥1.2b	31.4%	PE5.9x
9543 Shizuoka Gas	JP¥1.24k	0.7% +JP¥602.8m	11.2%	PE8.7x
9535 HIROSHIMA GASLtd	JP¥417.00	1.2% +JP¥343.7m	17.1%	PE13.6x

Company

Last Price

Valuation

9534 Hokkaido Gas

JP¥775.00

1.8%
+JP¥1.2b

31.4%

PE5.9x

9543 Shizuoka Gas

JP¥1.24k

0.7%
+JP¥602.8m

11.2%

PE8.7x

9535 HIROSHIMA GASLtd

JP¥417.00

1.2%
+JP¥343.7m

17.1%

PE13.6x

New minor risk - Dividend sustainability

The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.

Japanese (NIKKEI) Gas Utilities Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Concerns Surrounding Toho Gas' (TSE:9533) Performance

New minor risk - Financial position

New minor risk - Earnings quality

Toell Co.,Ltd. to Report Q1, 2027 Results on Sep 11, 2026

New minor risk - Financial position

HIROSHIMA GAS Co.,Ltd. to Report Q1, 2027 Results on Aug 07, 2026

Upcoming dividend of JP¥30.00 per share

Upcoming dividend of JP¥22.00 per share

Upcoming dividend of JP¥13.00 per share

Nippon Gas Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026

New minor risk - Dividend sustainability