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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies3872
  • 7D2.9%
  • 3M8.8%
  • 1Y34.0%
  • YTD20.2%

The market is up 2.9% over the last week, with the Information Technology sector leading the way, up 7.6%. The market is up 34% over the last 12 months. Looking forward, 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
Mon, 17 Aug 2026JP¥1394.9tJP¥1080.7tJP¥78.5t14x17.8x1.3x
Wed, 15 Jul 2026JP¥1357.5tJP¥1051.9tJP¥69.3t14.1x19.6x1.3x
Fri, 12 Jun 2026JP¥1298.0tJP¥1054.9tJP¥71.2t13.5x18.2x1.2x
Sun, 10 May 2026JP¥1297.8tJP¥1043.2tJP¥66.4t14.5x19.5x1.2x
Tue, 07 Apr 2026JP¥1227.8tJP¥1038.4tJP¥65.6t14.5x18.7x1.2x
Thu, 05 Mar 2026JP¥1231.6tJP¥1040.4tJP¥65.7t14.5x18.7x1.2x
Sat, 31 Jan 2026JP¥1207.1tJP¥1027.3tJP¥64.9t14.7x18.6x1.2x
Mon, 29 Dec 2025JP¥1161.6tJP¥1029.2tJP¥64.3t14.4x18.1x1.1x
Wed, 26 Nov 2025JP¥1118.1tJP¥1030.9tJP¥64.5t13.9x17.3x1.1x
Fri, 24 Oct 2025JP¥1112.1tJP¥1025.7tJP¥59.8t14.7x18.6x1.1x
Sun, 21 Sep 2025JP¥1084.6tJP¥1026.6tJP¥59.8t14.8x18.1x1.1x
Tue, 19 Aug 2025JP¥1070.3tJP¥1022.4tJP¥60.0t14.4x17.9x1x
Thu, 17 Jul 2025JP¥972.3tJP¥1021.0tJP¥62.0t13.5x15.7x1x
Sat, 14 Jun 2025JP¥959.2tJP¥1034.9tJP¥63.7t13.1x15.1x0.9x
Mon, 12 May 2025JP¥954.9tJP¥1026.7tJP¥64.3t13.1x14.9x0.9x
Wed, 09 Apr 2025JP¥851.2tJP¥1021.0tJP¥64.1t11.9x13.3x0.8x
Fri, 07 Mar 2025JP¥956.1tJP¥1019.7tJP¥64.3t13.1x14.9x0.9x
Sun, 02 Feb 2025JP¥969.5tJP¥1011.9tJP¥63.0t13.5x15.4x1x
Tue, 31 Dec 2024JP¥971.2tJP¥1010.9tJP¥61.7t13.7x15.7x1x
Thu, 28 Nov 2024JP¥930.8tJP¥1008.2tJP¥61.7t13.3x15.1x0.9x
Sat, 26 Oct 2024JP¥919.6tJP¥1001.6tJP¥60.1t13x15.3x0.9x
Mon, 23 Sep 2024JP¥932.2tJP¥1000.0tJP¥60.1t13.4x15.5x0.9x
Wed, 21 Aug 2024JP¥940.8tJP¥999.3tJP¥60.0t13.4x15.7x0.9x
Fri, 19 Jul 2024JP¥1006.1tJP¥987.5tJP¥58.6t14.6x17.2x1x
Sun, 16 Jun 2024JP¥966.9tJP¥988.9tJP¥58.6t14.2x16.5x1x
Tue, 14 May 2024JP¥962.4tJP¥980.4tJP¥57.5t14.4x16.7x1x
Thu, 11 Apr 2024JP¥975.3tJP¥975.9tJP¥56.9t14.8x17.2x1x
Sat, 09 Mar 2024JP¥972.0tJP¥975.9tJP¥56.9t14.6x17.1x1x
Mon, 05 Feb 2024JP¥912.1tJP¥972.2tJP¥53.3t14.7x17.1x0.9x
Wed, 03 Jan 2024JP¥855.2tJP¥971.2tJP¥52.5t14.1x16.3x0.9x
Fri, 01 Dec 2023JP¥862.5tJP¥977.8tJP¥53.1t14.2x16.2x0.9x
Sun, 29 Oct 2023JP¥821.6tJP¥972.1tJP¥55.2t13.7x14.9x0.8x
Tue, 26 Sep 2023JP¥867.3tJP¥971.5tJP¥55.3t14.5x15.7x0.9x
Thu, 24 Aug 2023JP¥831.0tJP¥971.1tJP¥55.2t13.9x15.1x0.9x
Price to Earnings Ratio

15.1x


Total Market Cap: JP¥831.0tTotal 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 12% 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 Market2.94%
Tech7.57%
Telecom2.99%
Industrials2.81%
Healthcare2.21%
Energy1.86%
Consumer Discretionary1.85%
Utilities1.82%
Financials1.79%
Consumer Staples1.04%
Materials0.96%
Real Estate-0.89%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 27.0x.
    • Analysts expect its future annual earnings growth (17.4%) 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 17% 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 13% 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¥61.80k28.7%
+JP¥7.6t		2,430.7%PE24.6xTech
6857 AdvantestJP¥37.70k10.0%
+JP¥2.5t		229.0%PE59.3xTech
9984 SoftBank GroupJP¥5.89k7.3%
+JP¥2.3t		40.9%PE6.8xTelecom
6981 Murata ManufacturingJP¥8.31k13.8%
+JP¥1.8t		240.2%PE57xTech
8306 Mitsubishi UFJ Financial GroupJP¥3.66k4.1%
+JP¥1.6t		58.0%PB1.8xFinancials
See more

Market Insights

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Latest News

4568
JP¥2,667.50
Daiichi Sankyo Company
7D
-4.9%
1Y
-29.5%
8136
JP¥1,212.00
Sanrio Company
7D
-16.7%
1Y
-29.9%
285A
JP¥61,800.00
Kioxia Holdings
7D
28.7%
1Y
2,430.7%
9984
JP¥5,886.00
SoftBank Group
7D
7.3%
1Y
40.9%
4519
JP¥6,870.00
Chugai Pharmaceutical
7D
-3.4%
1Y
9.7%
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.
8058
JP¥4,716.00
Mitsubishi
7D
-2.7%
1Y
47.2%
8035
JP¥60,080.00
Tokyo Electron
7D
5.9%
1Y
185.5%
Narrative Update • Aug 13

8035: Buybacks And Dividend Policy Will Drive Future Shareholder Returns

Analysts have raised the fair value estimate for Tokyo Electron to ¥99,000 from ¥90,000, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What’s in the News for Tokyo Electron Tokyo Electron approved a ¥150b share repurchase program running from June 1, 2026 to March 31, 2027, alongside a planned 1 for 5 stock split effective October 1, 2026.
5108
JP¥4,103.00
Bridgestone
7D
-5.0%
1Y
23.7%
Analysis Article • Aug 11

Bridgestone Corporation Just Recorded A 11% EPS Beat: Here's What Analysts Are Forecasting Next

A week ago, Bridgestone Corporation ( TSE:5108 ) came out with a strong set of half-year numbers that could potentially...
7011
JP¥4,357.00
Mitsubishi Heavy Industries
7D
8.8%
1Y
10.2%
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¥37,700.00
Advantest
7D
10.0%
1Y
229.0%
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...
8001
JP¥1,993.00
ITOCHU
7D
-4.7%
1Y
21.9%
4578
JP¥12,025.00
Otsuka Holdings
7D
-4.3%
1Y
51.8%
Narrative Update • Aug 05

4578: Rising Dividends And Completed Buyback Will Support A Stronger Bullish Case

The analyst price target for Otsuka Holdings has been updated from ¥13,025 to about ¥13,392, with analysts pointing to revised assumptions that combine a lower revenue growth outlook, a slightly higher projected profit margin, and a modestly adjusted future P/E multiple. What's in the News for Otsuka Holdings Otsuka Holdings has a board meeting scheduled for July 31, 2026 to review and approve a revised consolidated financial forecast for the fiscal year ending December 31, 2026, along with other agenda items.
8306
JP¥3,655.00
Mitsubishi UFJ Financial Group
7D
4.1%
1Y
58.0%
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¥76,790.00
Fast Retailing
7D
-2.5%
1Y
54.0%
8316
JP¥6,941.00
Sumitomo Mitsui Financial Group
7D
4.7%
1Y
66.6%
6981
JP¥8,312.00
Murata Manufacturing
7D
13.8%
1Y
240.2%