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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJul 17, 2026
DataAggregated Company Financials
Companies3887
  • 7D-0.4%
  • 3M7.3%
  • 1Y41.1%
  • YTD16.1%

In the last week, the market has been flat, with a notable exception in the Information Technology sector dropping 5.2%. More promisingly, the market is up 41% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Japanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jul 2026JP¥1350.2tJP¥1052.0tJP¥69.3t14.1x19.5x1.3x
Sun, 14 Jun 2026JP¥1317.2tJP¥1054.8tJP¥71.2t13.5x18.5x1.2x
Tue, 12 May 2026JP¥1301.7tJP¥1044.4tJP¥66.5t14.5x19.6x1.2x
Thu, 09 Apr 2026JP¥1271.5tJP¥1038.3tJP¥65.6t14.8x19.4x1.2x
Sat, 07 Mar 2026JP¥1258.9tJP¥1040.3tJP¥65.7t15x19.2x1.2x
Mon, 02 Feb 2026JP¥1211.1tJP¥1030.1tJP¥65.3t14.7x18.5x1.2x
Wed, 31 Dec 2025JP¥1156.4tJP¥1029.2tJP¥64.3t14.5x18x1.1x
Fri, 28 Nov 2025JP¥1143.7tJP¥1031.5tJP¥64.5t14.1x17.7x1.1x
Sun, 26 Oct 2025JP¥1117.8tJP¥1025.7tJP¥59.8t14.6x18.7x1.1x
Tue, 23 Sep 2025JP¥1089.1tJP¥1026.6tJP¥59.8t14.8x18.2x1.1x
Thu, 21 Aug 2025JP¥1069.2tJP¥1026.9tJP¥59.8t14.4x17.9x1x
Sat, 19 Jul 2025JP¥977.4tJP¥1021.1tJP¥62.0t13.5x15.8x1x
Mon, 16 Jun 2025JP¥959.2tJP¥1033.9tJP¥63.7t13x15.1x0.9x
Wed, 14 May 2025JP¥966.3tJP¥1026.3tJP¥64.3t13.2x15x0.9x
Fri, 11 Apr 2025JP¥887.5tJP¥1022.7tJP¥64.2t12.3x13.8x0.9x
Sun, 09 Mar 2025JP¥942.1tJP¥1019.9tJP¥64.3t13.1x14.6x0.9x
Tue, 04 Feb 2025JP¥947.3tJP¥1011.9tJP¥63.0t13.4x15x0.9x
Thu, 02 Jan 2025JP¥971.4tJP¥1010.9tJP¥61.7t13.7x15.7x1x
Sat, 30 Nov 2024JP¥936.2tJP¥1008.6tJP¥61.8t13.4x15.1x0.9x
Mon, 28 Oct 2024JP¥919.6tJP¥1001.7tJP¥60.1t13x15.3x0.9x
Wed, 25 Sep 2024JP¥936.4tJP¥1000.0tJP¥60.1t13.4x15.6x0.9x
Fri, 23 Aug 2024JP¥941.8tJP¥999.4tJP¥59.9t13.3x15.7x0.9x
Sun, 21 Jul 2024JP¥1003.2tJP¥987.6tJP¥58.6t14.5x17.1x1x
Tue, 18 Jun 2024JP¥951.8tJP¥989.0tJP¥58.6t14x16.2x1x
Thu, 16 May 2024JP¥965.0tJP¥980.6tJP¥57.7t14.3x16.7x1x
Sat, 13 Apr 2024JP¥979.0tJP¥974.7tJP¥56.9t14.8x17.2x1x
Mon, 11 Mar 2024JP¥972.0tJP¥975.9tJP¥56.9t14.6x17.1x1x
Wed, 07 Feb 2024JP¥909.9tJP¥968.6tJP¥53.2t14.7x17.1x0.9x
Fri, 05 Jan 2024JP¥859.2tJP¥971.1tJP¥52.4t14.3x16.4x0.9x
Sun, 03 Dec 2023JP¥863.7tJP¥977.5tJP¥53.1t14.2x16.3x0.9x
Tue, 31 Oct 2023JP¥812.7tJP¥971.6tJP¥55.4t13.5x14.7x0.8x
Thu, 28 Sep 2023JP¥865.4tJP¥971.5tJP¥55.3t14.5x15.7x0.9x
Sat, 26 Aug 2023JP¥827.6tJP¥971.1tJP¥55.2t13.9x15x0.9x
Mon, 24 Jul 2023JP¥826.5tJP¥957.9tJP¥50.6t14x16.3x0.9x
Price to Earnings Ratio

16.3x


Total Market Cap: JP¥826.5tTotal Earnings: JP¥50.6tTotal Revenue: JP¥957.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.7x202420252026
Current Market PE
  • Investors are optimistic on the Japanese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 19.5x which is higher than its 3-year average PE of 16.7x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 11% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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-0.36%
Financials2.15%
Telecom1.66%
Materials1.49%
Real Estate0.67%
Consumer Discretionary0.55%
Energy0.54%
Industrials0.19%
Healthcare-0.29%
Utilities-0.45%
Consumer Staples-1.19%
Tech-5.21%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings growth of 15.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
7203 Toyota MotorJP¥2.90k2.7%
+JP¥905.8b		15.2%PE8.9xConsumer Discretionary
6098 Recruit HoldingsJP¥12.82k4.7%
+JP¥805.7b		58.6%PE35.8xIndustrials
6758 Sony GroupJP¥3.47k3.3%
+JP¥651.8b		-2.7%PE19.8xConsumer Discretionary
9434 SoftBankJP¥220.504.3%
+JP¥435.7b		0.9%PE19.5xTelecom
2914 Japan TobaccoJP¥6.35k3.8%
+JP¥408.3b		47.6%PE20.8xConsumer Staples
See more

Market Insights

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A strong brand today doesn't guarantee a strong brand forever. Even the most established names can see their pricing power fade over time. In an industry landscape being reshaped by new entrants, shifting tastes and disruptive technology, it's worth understanding how to tell a temporary dip from a permanent decline.
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Narrative Update • Jul 08

2914: Board Actions And Margin Outlook Will Shape A Measured Fair-Value Case

Analysts have raised their price target on Japan Tobacco from ¥4,500 to ¥5,800, citing updated assumptions that include a slightly higher discount rate, revised revenue growth inputs, a higher profit margin, and a modestly higher future P/E multiple. What's in the News Japan Tobacco has scheduled a board meeting for June 5, 2026, to consider and approve the disposal of treasury shares for restricted stock remuneration and performance share units, as well as other business matters.
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