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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies3873
  • 7D2.4%
  • 3M8.2%
  • 1Y33.4%
  • YTD20.3%

Over the last 7 days, the market has risen 2.4%, driven by gains of 7.5% in the Information Technology sector. As for the past 12 months, the market is up 33%. Earnings are forecast to grow by 8.8% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026JP¥1395.3tJP¥1081.2tJP¥78.7t14x17.7x1.3x
Thu, 16 Jul 2026JP¥1373.7tJP¥1051.9tJP¥69.3t14.2x19.8x1.3x
Sat, 13 Jun 2026JP¥1317.1tJP¥1054.8tJP¥71.2t13.5x18.5x1.2x
Mon, 11 May 2026JP¥1297.7tJP¥1044.2tJP¥66.5t14.5x19.5x1.2x
Wed, 08 Apr 2026JP¥1230.2tJP¥1038.5tJP¥65.6t14.6x18.8x1.2x
Fri, 06 Mar 2026JP¥1253.9tJP¥1040.2tJP¥65.7t14.9x19.1x1.2x
Sun, 01 Feb 2026JP¥1211.1tJP¥1030.1tJP¥65.3t14.7x18.6x1.2x
Tue, 30 Dec 2025JP¥1162.2tJP¥1029.2tJP¥64.3t14.5x18.1x1.1x
Thu, 27 Nov 2025JP¥1138.1tJP¥1030.9tJP¥64.5t14.1x17.7x1.1x
Sat, 25 Oct 2025JP¥1117.8tJP¥1025.7tJP¥59.8t14.6x18.7x1.1x
Mon, 22 Sep 2025JP¥1084.6tJP¥1026.6tJP¥59.8t14.8x18.1x1.1x
Wed, 20 Aug 2025JP¥1075.2tJP¥1027.0tJP¥60.1t14.4x17.9x1x
Fri, 18 Jul 2025JP¥979.3tJP¥1021.1tJP¥62.0t13.5x15.8x1x
Sun, 15 Jun 2025JP¥959.2tJP¥1034.9tJP¥63.7t13.1x15.1x0.9x
Tue, 13 May 2025JP¥957.3tJP¥1026.7tJP¥64.3t13.2x14.9x0.9x
Thu, 10 Apr 2025JP¥824.4tJP¥1021.0tJP¥64.1t11.7x12.9x0.8x
Sat, 08 Mar 2025JP¥942.1tJP¥1019.9tJP¥64.3t13.1x14.6x0.9x
Mon, 03 Feb 2025JP¥969.5tJP¥1011.9tJP¥63.0t13.5x15.4x1x
Wed, 01 Jan 2025JP¥971.4tJP¥1010.9tJP¥61.7t13.7x15.7x1x
Fri, 29 Nov 2024JP¥938.4tJP¥1008.2tJP¥61.7t13.4x15.2x0.9x
Sun, 27 Oct 2024JP¥919.6tJP¥1001.7tJP¥60.1t13x15.3x0.9x
Tue, 24 Sep 2024JP¥932.2tJP¥1000.0tJP¥60.1t13.4x15.5x0.9x
Thu, 22 Aug 2024JP¥938.6tJP¥999.4tJP¥59.9t13.3x15.7x0.9x
Sat, 20 Jul 2024JP¥1001.3tJP¥987.5tJP¥58.6t14.5x17.1x1x
Mon, 17 Jun 2024JP¥966.9tJP¥989.0tJP¥58.6t14.2x16.5x1x
Wed, 15 May 2024JP¥964.6tJP¥980.4tJP¥57.5t14.4x16.8x1x
Fri, 12 Apr 2024JP¥976.0tJP¥976.5tJP¥56.9t14.8x17.2x1x
Sun, 10 Mar 2024JP¥972.0tJP¥975.9tJP¥56.9t14.6x17.1x1x
Tue, 06 Feb 2024JP¥915.4tJP¥968.5tJP¥53.4t14.7x17.2x0.9x
Thu, 04 Jan 2024JP¥854.9tJP¥971.2tJP¥52.5t14.1x16.3x0.9x
Sat, 02 Dec 2023JP¥863.4tJP¥977.6tJP¥53.1t14.1x16.3x0.9x
Mon, 30 Oct 2023JP¥821.6tJP¥971.7tJP¥55.4t13.7x14.8x0.8x
Wed, 27 Sep 2023JP¥862.4tJP¥971.5tJP¥55.3t14.5x15.6x0.9x
Fri, 25 Aug 2023JP¥834.5tJP¥971.1tJP¥55.2t14x15.1x0.9x
Price to Earnings Ratio

15.1x


Total Market Cap: JP¥834.5tTotal Earnings: JP¥55.2tTotal Revenue: JP¥971.1tTotal 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 13% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market2.37%
Tech7.52%
Telecom3.74%
Energy3.63%
Financials3.21%
Utilities2.48%
Materials1.28%
Industrials1.11%
Consumer Discretionary0.12%
Real Estate0.058%
Consumer Staples-0.11%
Healthcare-1.46%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 27.0x.
    • Analysts expect its future annual earnings growth (17.7%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.0x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Energy sector is expected to see its earnings decline by 14% 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¥57.12k19.0%
+JP¥5.0t		2,209.7%PE22.7xTech
9984 SoftBank GroupJP¥5.82k6.1%
+JP¥1.9t		45.1%PE6.8xTelecom
8306 Mitsubishi UFJ Financial GroupJP¥3.66k4.3%
+JP¥1.7t		62.5%PB1.8xFinancials
7011 Mitsubishi Heavy IndustriesJP¥4.36k8.9%
+JP¥1.2t		11.7%PE35.8xIndustrials
6857 AdvantestJP¥35.92k4.8%
+JP¥1.2t		214.8%PE56.5xTech
See more

Market Insights

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Investing in a theme primarily based on demand could come unstuck. As the European heatwave has shown, adoption can be far more complicated than whether a product is needed, which is exactly the part investors tend to skip.
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Latest News

9984
JP¥5,817.00
SoftBank Group
7D
6.1%
1Y
45.1%
5108
JP¥4,062.00
Bridgestone
7D
-6.0%
1Y
22.4%
8136
JP¥1,194.50
Sanrio Company
7D
-17.9%
1Y
-22.9%
285A
JP¥57,120.00
Kioxia Holdings
7D
19.0%
1Y
2,209.7%
4519
JP¥6,854.00
Chugai Pharmaceutical
7D
-3.6%
1Y
4.8%
Narrative Update • Aug 14

4519: AI Drug Discovery Push And Rich P/E Will Shape Future Returns

Analysts have trimmed their fair value estimate for Chugai Pharmaceutical to ¥7,200 from ¥8,000, reflecting slightly higher discount rate assumptions, a more measured revenue growth outlook, and a lower future P/E multiple even as projected profit margins remain broadly stable. What’s in the News for Chugai Pharmaceutical Chugai Pharmaceutical and Phylo, Inc.
6501
JP¥5,504.00
Hitachi
7D
-2.1%
1Y
29.0%
Narrative Update • Aug 13

6501: Physical AI Partnerships And Storage Demand Will Support Balanced Future Upside

Analysts have nudged their price target for Hitachi higher to ¥6,161 from ¥6,036, reflecting updated views on fair value, discount rate, and modestly adjusted revenue growth, profit margin, and future P/E assumptions. What’s in the News for Hitachi Hitachi Vantara reported Q1 fiscal 2026 revenue up 12% year over year, with storage revenue up 45%, supported by demand for the VSP One portfolio as enterprises modernize infrastructure and scale AI initiatives.
7182
JP¥3,327.00
JAPAN POST BANK
7D
7.8%
1Y
81.0%
7011
JP¥4,362.00
Mitsubishi Heavy Industries
7D
8.9%
1Y
11.7%
Analysis Article • Aug 07

Mitsubishi Heavy Industries, Ltd. Just Recorded A 67% EPS Beat: Here's What Analysts Are Forecasting Next

As you might know, Mitsubishi Heavy Industries, Ltd. ( TSE:7011 ) just kicked off its latest quarterly results with...
6857
JP¥35,920.00
Advantest
7D
4.8%
1Y
214.8%
Analysis Article • Aug 06

Rainbows and Unicorns: Advantest Corporation (TSE:6857) Analysts Just Became A Lot More Optimistic

Advantest Corporation ( TSE:6857 ) shareholders will have a reason to smile today, with the analysts making substantial...
5802
JP¥2,421.50
Sumitomo Electric Industries
7D
12.1%
1Y
144.4%
8001
JP¥2,005.00
ITOCHU
7D
-4.1%
1Y
21.0%
2914
JP¥6,923.00
Japan Tobacco
7D
-2.4%
1Y
45.3%
Narrative Update • Aug 05

2914: Combustible Focus And Fine Cut Acquisition Will Drive Future Upside

Analysts have raised their fair value estimate for Japan Tobacco from ¥7,000 to approximately ¥8,360, citing recent Street research that notes updated price targets around ¥7,060 and highlights the company's continued focus on combustible share and delivery. What’s in the News for Japan Tobacco Japan Tobacco agreed to acquire the fine cut tobacco brands BREAK and Moro from Scandinavian Tobacco Group A/S for €176 million, subject to customary closing conditions including antitrust approvals, with completion expected before the end of the year.
6367
JP¥21,160.00
Daikin IndustriesLtd
7D
-4.8%
1Y
7.2%
8306
JP¥3,660.00
Mitsubishi UFJ Financial Group
7D
4.3%
1Y
62.5%
Narrative Update • Aug 04

8306: Buybacks, Dividend Plan And Americas Expansion Will Support Balanced Outlook

The analyst price target for Mitsubishi UFJ Financial Group has been revised higher from about ¥3,348 to roughly ¥3,619. The change reflects updated analyst models that now assume positive revenue growth, a slightly higher profit margin and a modestly lower future P/E multiple.
9983
JP¥75,200.00
Fast Retailing
7D
-4.5%
1Y
52.7%
8316
JP¥6,920.00
Sumitomo Mitsui Financial Group
7D
4.4%
1Y
68.1%