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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedAug 04, 2026
DataAggregated Company Financials
Companies3879
  • 7D-2.5%
  • 3M5.8%
  • 1Y34.6%
  • YTD13.8%

Over the last 7 days, the market has dropped 2.5%, driven by a pullback of 5.9% in the Financials sector. In contrast to the last week, the market is actually up 35% over the past year. As for the next few years, earnings are expected to grow by 9.5% 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
Tue, 04 Aug 2026JP¥1322.5tJP¥1062.3tJP¥72.8t14x18.2x1.2x
Thu, 02 Jul 2026JP¥1355.0tJP¥1052.9tJP¥70.7t13.7x19.2x1.3x
Sat, 30 May 2026JP¥1344.9tJP¥1057.6tJP¥71.4t13.8x18.8x1.3x
Mon, 27 Apr 2026JP¥1258.1tJP¥1038.9tJP¥65.6t14.3x19.2x1.2x
Wed, 25 Mar 2026JP¥1201.3tJP¥1039.5tJP¥65.6t14.4x18.3x1.2x
Fri, 20 Feb 2026JP¥1304.5tJP¥1040.6tJP¥65.7t15.3x19.9x1.3x
Sun, 18 Jan 2026JP¥1235.2tJP¥1027.4tJP¥64.4t15.1x19.2x1.2x
Tue, 16 Dec 2025JP¥1160.4tJP¥1030.0tJP¥64.2t14.3x18.1x1.1x
Thu, 13 Nov 2025JP¥1146.8tJP¥1031.5tJP¥63.8t14.3x18x1.1x
Sat, 11 Oct 2025JP¥1092.1tJP¥1023.4tJP¥59.8t14.4x18.3x1.1x
Mon, 08 Sep 2025JP¥1069.8tJP¥1026.4tJP¥59.8t14.7x17.9x1x
Wed, 06 Aug 2025JP¥1011.8tJP¥1021.0tJP¥60.4t14.1x16.7x1x
Fri, 04 Jul 2025JP¥974.9tJP¥1026.9tJP¥62.9t13.3x15.5x0.9x
Sun, 01 Jun 2025JP¥974.4tJP¥1033.2tJP¥63.7t13.1x15.3x0.9x
Tue, 29 Apr 2025JP¥925.7tJP¥1021.3tJP¥64.4t12.9x14.4x0.9x
Thu, 27 Mar 2025JP¥971.5tJP¥1020.9tJP¥64.4t13.5x15.1x1x
Sat, 22 Feb 2025JP¥953.8tJP¥1020.2tJP¥64.4t13.1x14.8x0.9x
Mon, 20 Jan 2025JP¥933.5tJP¥1010.1tJP¥61.9t13.3x15.1x0.9x
Wed, 18 Dec 2024JP¥952.0tJP¥1007.8tJP¥61.6t13.5x15.4x0.9x
Fri, 15 Nov 2024JP¥943.3tJP¥1005.7tJP¥60.6t13.4x15.6x0.9x
Sun, 13 Oct 2024JP¥950.8tJP¥999.0tJP¥60.1t13.5x15.8x1x
Tue, 10 Sep 2024JP¥910.8tJP¥1000.0tJP¥60.1t13.2x15.2x0.9x
Thu, 08 Aug 2024JP¥878.0tJP¥993.0tJP¥58.7t12.6x15x0.9x
Sat, 06 Jul 2024JP¥1008.5tJP¥986.0tJP¥58.3t14.4x17.3x1x
Mon, 03 Jun 2024JP¥974.4tJP¥989.4tJP¥58.6t14.1x16.6x1x
Wed, 01 May 2024JP¥970.9tJP¥975.4tJP¥57.3t14.6x16.9x1x
Fri, 29 Mar 2024JP¥980.9tJP¥976.4tJP¥56.9t14.7x17.2x1x
Sun, 25 Feb 2024JP¥950.8tJP¥975.7tJP¥56.9t14.3x16.7x1x
Tue, 23 Jan 2024JP¥914.0tJP¥971.4tJP¥52.5t14.7x17.4x0.9x
Thu, 21 Dec 2023JP¥849.9tJP¥971.1tJP¥52.5t14x16.2x0.9x
Sat, 18 Nov 2023JP¥866.9tJP¥977.4tJP¥52.7t14x16.5x0.9x
Mon, 16 Oct 2023JP¥839.6tJP¥971.5tJP¥55.2t14x15.2x0.9x
Wed, 13 Sep 2023JP¥865.6tJP¥971.2tJP¥55.2t14.4x15.7x0.9x
Fri, 11 Aug 2023JP¥839.6tJP¥969.2tJP¥55.5t14x15.1x0.9x
Price to Earnings Ratio

15.1x


Total Market Cap: JP¥839.6tTotal Earnings: JP¥55.5tTotal Revenue: JP¥969.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.7x202420252026
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 16.7x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 9.5% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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-2.54%
Telecom0.26%
Consumer Discretionary-0.04%
Consumer Staples-0.44%
Industrials-2.02%
Healthcare-2.32%
Utilities-2.35%
Materials-2.66%
Energy-2.75%
Tech-3.64%
Real Estate-4.97%
Financials-5.86%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 26.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings growth of 15.4% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 17% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Telecom sector is expected to see its earnings decline by 9.8% 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
285A Kioxia HoldingsJP¥52.50k17.8%
+JP¥4.4t		2,115.2%PE20.9xTech
6857 AdvantestJP¥31.10k21.9%
+JP¥4.0t		209.6%PE49xTech
6861 KeyenceJP¥83.15k17.2%
+JP¥3.0t		47.4%PE41xTech
6501 HitachiJP¥5.40k10.3%
+JP¥2.3t		30.8%PE30.3xIndustrials
6752 Panasonic HoldingsJP¥4.23k17.3%
+JP¥1.5t		185.1%PE39xConsumer Discretionary
See more

Market Insights

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Latest News

6861
JP¥83,150.00
Keyence
7D
17.2%
1Y
47.4%
9984
JP¥5,237.00
SoftBank Group
7D
2.8%
1Y
76.2%
Narrative Update • Aug 03

9984: Future AI Infrastructure Spending And OpenAI Loan Exposure Will Pressure Equity

SoftBank Group's analyst price targets have shifted higher in recent weeks, with fair value moving from ¥3,358.85 to ¥3,431.69 as analysts factor in stronger AI driven revenue growth assumptions, slightly lower profit margin expectations, higher implied future P/E multiples, and a series of target hikes that highlight rising conviction in the company's exposure to AI infrastructure and agentic AI trends. Analyst Commentary Recent research on SoftBank Group highlights a wide range of opinions, with some analysts highlighting upside tied to AI exposure and others flagging valuation and execution risks.
6857
JP¥31,100.00
Advantest
7D
21.9%
1Y
209.6%
Analysis Article • Aug 02

Results: Advantest Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

As you might know, Advantest Corporation ( TSE:6857 ) just kicked off its latest quarterly results with some very...
8316
JP¥6,558.00
Sumitomo Mitsui Financial Group
7D
-5.4%
1Y
75.2%
4568
JP¥2,505.00
Daiichi Sankyo Company
7D
-13.3%
1Y
-29.8%
6758
JP¥3,542.00
Sony Group
7D
-3.3%
1Y
-2.4%
Narrative Update • Aug 01

6758: Entertainment Assets And AI Content Plans Will Offset Rising Memory Costs

Analysts have modestly raised their fair value estimate for Sony Group, with the updated analyst price target moving from about ¥4,657 to roughly ¥4,752 as they factor in slightly lower discount rate assumptions, a small adjustment to revenue growth and profit margin expectations, and a more conservative future P/E outlook. Analyst Commentary Recent research on Sony Group focuses on how the company fits into broader media and entertainment deal making, as well as how its valuation reflects execution risks and potential corporate actions elsewhere in the sector.
6902
JP¥1,900.00
DENSO
7D
-8.6%
1Y
-8.9%
285A
JP¥52,500.00
Kioxia Holdings
7D
17.8%
1Y
2,115.2%
6501
JP¥5,396.00
Hitachi
7D
10.3%
1Y
30.8%
Analysis Article • Jul 31

Hitachi, Ltd. Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting Next

A week ago, Hitachi, Ltd. ( TSE:6501 ) came out with a strong set of first-quarter numbers that could potentially lead...
4502
JP¥5,288.00
Takeda Pharmaceutical
7D
-7.9%
1Y
25.5%
7203
JP¥2,904.00
Toyota Motor
7D
-3.5%
1Y
8.4%
6752
JP¥4,229.00
Panasonic Holdings
7D
17.3%
1Y
185.1%
Narrative Update • Jul 29

6752: AI Infrastructure Optimism Will Limit Future Returns Despite Battery Expansion

Analysts have raised their price target for Panasonic Holdings to ¥3,900 from ¥3,000, reflecting updated assumptions on fair value and earnings metrics, while also noting that expectations for AI infrastructure related products are already widely reflected in the share price. What's in the News Battery materials startup Sila announced a US$300 million funding round to expand its Washington state factory, which supplies silicon carbon anode materials to partners including Panasonic and Mercedes.
5803
JP¥4,648.00
Fujikura
7D
14.1%
1Y
161.2%
8766
JP¥7,723.00
Tokio Marine Holdings
7D
-6.2%
1Y
26.9%
Narrative Update • Jul 27

8766: Aggressive Repurchases And Dividends Will Sustain Risky Premium Valuation

Analysts have raised their price target for Tokio Marine Holdings from about ¥5,842 to roughly ¥6,023. This reflects updated views that factor in a higher fair value estimate, a slightly adjusted future P/E, and refined expectations for revenue and margins based on recent Street research.
7011
JP¥4,094.00
Mitsubishi Heavy Industries
7D
7.6%
1Y
9.2%
8306
JP¥3,472.00
Mitsubishi UFJ Financial Group
7D
-5.2%
1Y
68.6%
Narrative Update • Jul 21

8306: Blockchain Ledger Push And Buybacks Will Still Fail To Sustain Optimism

Analysts have raised their price target for Mitsubishi UFJ Financial Group from ¥2,330 to about ¥2,527, citing updated assumptions related to revenue growth, profit margins, discount rates, and future P/E expectations. What’s in the News for Mitsubishi UFJ Financial Group Mitsubishi UFJ Financial Group appointed Valeria "Val" Strappa as Head of Global Transaction Banking for the Americas, with a focus on commercial growth, digital modernization, and closer alignment with Corporate & Investment Banking across the United States, Canada, and Latin America (source: MUFG news).