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Japanese (NIKKEI) Market Analysis & Valuation
UpdatedDec 01, 2024
DataAggregated Company Financials
Companies3976
- 7D-0.5%
- 3M-1.5%
- 1Y10.6%
- YTD10.8%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 11% in the past 12 months. As for the next few years, earnings are expected to grow by 7.9% per annum.
Market Valuation and Performance
Has the Japanese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 01 Dec 2024 | JP¥936.1t | JP¥1008.9t | JP¥61.8t | 13.4x | 15.1x | 0.9x |
| Tue, 29 Oct 2024 | JP¥934.3t | JP¥1001.8t | JP¥60.1t | 13.2x | 15.5x | 0.9x |
| Thu, 26 Sep 2024 | JP¥934.2t | JP¥1000.0t | JP¥60.1t | 13.4x | 15.5x | 0.9x |
| Sat, 24 Aug 2024 | JP¥946.4t | JP¥999.4t | JP¥59.9t | 13.4x | 15.8x | 0.9x |
| Mon, 22 Jul 2024 | JP¥1003.2t | JP¥987.7t | JP¥58.6t | 14.6x | 17.1x | 1x |
| Wed, 19 Jun 2024 | JP¥957.5t | JP¥989.0t | JP¥58.6t | 14.1x | 16.3x | 1x |
| Fri, 17 May 2024 | JP¥967.1t | JP¥982.2t | JP¥58.2t | 14.1x | 16.6x | 1x |
| Sun, 14 Apr 2024 | JP¥979.0t | JP¥974.7t | JP¥56.9t | 14.8x | 17.2x | 1x |
| Tue, 12 Mar 2024 | JP¥951.7t | JP¥975.9t | JP¥56.9t | 14.4x | 16.7x | 1x |
| Thu, 08 Feb 2024 | JP¥912.9t | JP¥970.5t | JP¥54.2t | 14.7x | 16.8x | 0.9x |
| Sat, 06 Jan 2024 | JP¥863.1t | JP¥971.1t | JP¥52.4t | 14.3x | 16.5x | 0.9x |
| Mon, 04 Dec 2023 | JP¥863.8t | JP¥977.5t | JP¥53.1t | 14.2x | 16.3x | 0.9x |
| Wed, 01 Nov 2023 | JP¥821.2t | JP¥971.7t | JP¥55.4t | 13.7x | 14.8x | 0.8x |
| Fri, 29 Sep 2023 | JP¥853.7t | JP¥971.5t | JP¥55.3t | 14.4x | 15.4x | 0.9x |
| Sun, 27 Aug 2023 | JP¥827.5t | JP¥971.1t | JP¥55.2t | 13.9x | 15x | 0.9x |
| Tue, 25 Jul 2023 | JP¥833.5t | JP¥957.9t | JP¥50.6t | 14.1x | 16.5x | 0.9x |
| Thu, 22 Jun 2023 | JP¥838.6t | JP¥959.3t | JP¥51.1t | 14x | 16.4x | 0.9x |
| Sat, 20 May 2023 | JP¥791.4t | JP¥959.6t | JP¥50.9t | 13.5x | 15.5x | 0.8x |
| Mon, 17 Apr 2023 | JP¥742.9t | JP¥935.1t | JP¥46.6t | 13x | 15.9x | 0.8x |
| Wed, 15 Mar 2023 | JP¥717.8t | JP¥933.6t | JP¥46.7t | 12.6x | 15.4x | 0.8x |
| Fri, 10 Feb 2023 | JP¥731.2t | JP¥918.6t | JP¥47.6t | 12.7x | 15.3x | 0.8x |
| Sun, 08 Jan 2023 | JP¥694.0t | JP¥902.1t | JP¥49.1t | 12x | 14.1x | 0.8x |
| Tue, 06 Dec 2022 | JP¥722.7t | JP¥902.7t | JP¥49.1t | 12.4x | 14.7x | 0.8x |
| Thu, 03 Nov 2022 | JP¥721.4t | JP¥877.2t | JP¥45.8t | 12.4x | 15.7x | 0.8x |
| Sat, 01 Oct 2022 | JP¥686.3t | JP¥863.3t | JP¥45.6t | 12.2x | 15x | 0.8x |
| Mon, 29 Aug 2022 | JP¥738.1t | JP¥864.2t | JP¥45.6t | 12.8x | 16.2x | 0.9x |
| Wed, 27 Jul 2022 | JP¥724.7t | JP¥837.2t | JP¥48.2t | 12.8x | 15x | 0.9x |
| Fri, 24 Jun 2022 | JP¥690.0t | JP¥839.2t | JP¥49.5t | 12.2x | 13.9x | 0.8x |
| Sun, 22 May 2022 | JP¥698.4t | JP¥836.8t | JP¥49.5t | 12.2x | 14.1x | 0.8x |
| Tue, 19 Apr 2022 | JP¥704.4t | JP¥819.0t | JP¥51.1t | 12.3x | 13.8x | 0.9x |
| Thu, 17 Mar 2022 | JP¥693.7t | JP¥821.6t | JP¥51.1t | 12.1x | 13.6x | 0.8x |
| Sat, 12 Feb 2022 | JP¥734.4t | JP¥818.8t | JP¥50.0t | 12.6x | 14.7x | 0.9x |
| Mon, 10 Jan 2022 | JP¥749.5t | JP¥802.5t | JP¥48.4t | 13x | 15.5x | 0.9x |
| Wed, 08 Dec 2021 | JP¥735.3t | JP¥799.9t | JP¥48.4t | 13x | 15.2x | 0.9x |
Price to Earnings Ratio
15.2x
Current Market PE
- Investors are relatively neutral on the Japanese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 15.6x.
Past Earnings Growth
- The earnings for Japanese listed companies have grown 8.5% per year over the last three years.
- Revenues for these companies have grown 8.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Japanese Market?
| JP Market | -0.49% | |
| Telecom | 1.32% | |
| Healthcare | 1.17% | |
| Consumer Staples | 1.05% | |
| Utilities | 0.57% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Financials | -0.092% | |
| Real Estate | -0.53% | |
| Tech | -0.64% | |
| Consumer Discretionary | -0.91% | |
| Materials | -1.26% | |
| Energy | -1.65% | |
| Industrials | -1.70% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 29.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 12.0%, which is higher than its past year's earnings growth of 7.8% per year.
- The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings growth rate of 7.9% per year.
- In contrast, the Telecom 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 6098 Recruit Holdings | JP¥10.39k | 5.7% +JP¥833.3b | 89.9% | PE42.5x | Industrials | |
| 7974 Nintendo | JP¥8.81k | 7.9% +JP¥749.8b | 27.5% | PE31.3x | Telecom | |
| 9983 Fast Retailing | JP¥51.11k | 4.3% +JP¥641.1b | 37.8% | PE42.1x | Consumer Discretionary | |
| 4568 Daiichi Sankyo Company | JP¥4.75k | 7.1% +JP¥593.6b | 15.5% | PE35.9x | Healthcare | |
| 4519 Chugai Pharmaceutical | JP¥6.60k | 5.2% +JP¥539.7b | 26.7% | PE28.1x | Healthcare |
