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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies3905
  • 7D-0.5%
  • 3M1.5%
  • 1Y39.8%
  • YTD11.0%

The Financials sector gained 4.2% while the market remained flat over the last week. As for the longer term, the market has risen 40% in the past 12 months. Earnings are forecast to grow by 8.9% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026JP¥1283.4tJP¥1057.3tJP¥71.5t13.7x18x1.2x
Sat, 18 Apr 2026JP¥1269.5tJP¥1038.2tJP¥65.6t14.8x19.4x1.2x
Mon, 16 Mar 2026JP¥1229.6tJP¥1040.4tJP¥65.7t14.7x18.7x1.2x
Wed, 11 Feb 2026JP¥1301.2tJP¥1037.1tJP¥65.0t15.3x20x1.3x
Fri, 09 Jan 2026JP¥1180.5tJP¥1029.0tJP¥64.3t14.7x18.4x1.1x
Sun, 07 Dec 2025JP¥1138.8tJP¥1030.1tJP¥64.2t14x17.7x1.1x
Tue, 04 Nov 2025JP¥1137.3tJP¥1028.4tJP¥61.3t14.3x18.6x1.1x
Thu, 02 Oct 2025JP¥1064.0tJP¥1028.3tJP¥59.8t14.4x17.8x1x
Sat, 30 Aug 2025JP¥1061.4tJP¥1026.5tJP¥59.8t14.5x17.7x1x
Mon, 28 Jul 2025JP¥1014.8tJP¥1020.9tJP¥61.6t13.8x16.5x1x
Wed, 25 Jun 2025JP¥962.4tJP¥1029.2tJP¥63.5t13.2x15.1x0.9x
Fri, 23 May 2025JP¥946.8tJP¥1032.2tJP¥63.7t12.8x14.9x0.9x
Sun, 20 Apr 2025JP¥897.8tJP¥1021.5tJP¥64.3t12.6x14x0.9x
Tue, 18 Mar 2025JP¥955.7tJP¥1020.1tJP¥64.4t13.3x14.9x0.9x
Thu, 13 Feb 2025JP¥954.9tJP¥1017.1tJP¥65.0t13.3x14.7x0.9x
Sat, 11 Jan 2025JP¥946.1tJP¥1009.6tJP¥61.9t13.5x15.3x0.9x
Mon, 09 Dec 2024JP¥950.3tJP¥1009.5tJP¥61.7t13.4x15.4x0.9x
Wed, 06 Nov 2024JP¥932.1tJP¥1001.4tJP¥59.3t13.2x15.7x0.9x
Fri, 04 Oct 2024JP¥944.1tJP¥999.9tJP¥60.1t13.5x15.7x0.9x
Sun, 01 Sep 2024JP¥956.4tJP¥999.7tJP¥60.0t13.6x15.9x1x
Tue, 30 Jul 2024JP¥970.0tJP¥987.2tJP¥58.6t14.3x16.6x1x
Thu, 27 Jun 2024JP¥962.7tJP¥988.6tJP¥58.6t14.5x16.4x1x
Sat, 25 May 2024JP¥965.9tJP¥988.0tJP¥58.6t14x16.5x1x
Mon, 22 Apr 2024JP¥932.2tJP¥975.0tJP¥57.0t14.2x16.4x1x
Wed, 20 Mar 2024JP¥981.0tJP¥975.9tJP¥56.9t14.7x17.2x1x
Fri, 16 Feb 2024JP¥927.4tJP¥975.3tJP¥56.8t14.2x16.3x1x
Sun, 14 Jan 2024JP¥897.7tJP¥971.1tJP¥52.5t14.5x17.1x0.9x
Tue, 12 Dec 2023JP¥854.2tJP¥974.3tJP¥52.5t14x16.3x0.9x
Thu, 09 Nov 2023JP¥837.9tJP¥974.1tJP¥56.3t13.8x14.9x0.9x
Sat, 07 Oct 2023JP¥824.4tJP¥971.2tJP¥55.2t13.9x14.9x0.8x
Mon, 04 Sep 2023JP¥855.8tJP¥971.1tJP¥55.2t14.3x15.5x0.9x
Wed, 02 Aug 2023JP¥852.6tJP¥962.2tJP¥51.8t14.2x16.5x0.9x
Fri, 30 Jun 2023JP¥838.0tJP¥957.3tJP¥51.1t14x16.4x0.9x
Sun, 28 May 2023JP¥784.8tJP¥958.8tJP¥51.1t13.4x15.4x0.8x
Price to Earnings Ratio

15.4x


Total Market Cap: JP¥784.8tTotal Earnings: JP¥51.1tTotal Revenue: JP¥958.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.5x202420252026
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 18.3x which is higher than its 3-year average PE of 16.5x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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-0.53%
Financials4.24%
Consumer Staples2.75%
Consumer Discretionary1.89%
Healthcare1.72%
Utilities-0.68%
Telecom-1.13%
Energy-1.15%
Tech-2.62%
Industrials-2.90%
Materials-3.30%
Real Estate-5.61%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.7%, which is higher than its past year's earnings growth of 14.0% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 20.8x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 9.4% 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
6098 Recruit HoldingsJP¥9.65k23.8%
+JP¥2.6t		14.3%PE27xIndustrials
8306 Mitsubishi UFJ Financial GroupJP¥3.03k3.5%
+JP¥1.2t		53.8%PB1.5xFinancials
9433 KDDIJP¥2.78k9.4%
+JP¥911.8b		9.8%PE15xTelecom
8766 Tokio Marine HoldingsJP¥7.82k6.1%
+JP¥840.0b		38.4%PE13.8xFinancials
7182 JAPAN POST BANKJP¥3.08k7.9%
+JP¥796.0b		105.6%PB1.2xFinancials
See more

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Latest News

6503
JP¥5,747.00
Mitsubishi Electric
7D
-11.1%
1Y
97.6%
8766
JP¥7,817.00
Tokio Marine Holdings
7D
6.1%
1Y
38.4%
7182
JP¥3,075.00
JAPAN POST BANK
7D
7.9%
1Y
105.6%
9984
JP¥5,039.00
SoftBank Group
7D
-16.2%
1Y
167.1%
5802
JP¥10,525.00
Sumitomo Electric Industries
7D
-17.6%
1Y
301.0%
Analysis Article • May 19

We Think That There Are Issues Underlying Sumitomo Electric Industries' (TSE:5802) Earnings

Despite posting some strong earnings, the market for Sumitomo Electric Industries, Ltd.'s ( TSE:5802 ) stock hasn't...
6098
JP¥9,653.00
Recruit Holdings
7D
23.8%
1Y
14.3%
8306
JP¥3,030.00
Mitsubishi UFJ Financial Group
7D
3.5%
1Y
53.8%
8058
JP¥5,436.00
Mitsubishi
7D
-7.3%
1Y
85.2%
6857
JP¥25,625.00
Advantest
7D
-9.4%
1Y
265.5%
8750
JP¥1,656.00
Daiichi Life Group
7D
10.3%
1Y
56.1%
5803
JP¥4,295.00
Fujikura
7D
-45.3%
1Y
325.3%
9433
JP¥2,780.00
KDDI
7D
9.4%
1Y
9.8%
New Narrative • May 15

Infrastructure Spending And AI Ambitions Will Strain Cash Flow And Depress Returns

Catalysts About KDDI KDDI is a Japanese telecommunications company that provides mobile, fixed-line, data, financial and digital transformation services, supported by nationwide infrastructure and group subsidiaries. What are the underlying business or industry changes driving this perspective?
6501
JP¥4,908.00
Hitachi
7D
3.3%
1Y
28.7%
9983
JP¥74,740.00
Fast Retailing
7D
3.1%
1Y
58.4%
8035
JP¥46,100.00
Tokyo Electron
7D
-10.2%
1Y
98.3%
Analysis Article • May 07

We Think That There Are Some Issues For Tokyo Electron (TSE:8035) Beyond Its Promising Earnings

The market for Tokyo Electron Limited's ( TSE:8035 ) stock was strong after it released a healthy earnings report last...
6861
JP¥72,910.00
Keyence
7D
-8.2%
1Y
17.4%