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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJun 28, 2024
DataAggregated Company Financials
Companies3980
  • 7D2.4%
  • 3M0.008%
  • 1Y19.2%
  • YTD15.4%

The market has climbed by 2.4% over the past week, with every sector up and the Financials sector leading the way. As for the past 12 months, the market is up 19%. Looking forward, 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
Fri, 28 Jun 2024JP¥983.4tJP¥988.6tJP¥58.6t14.5x16.8x1x
Sun, 26 May 2024JP¥965.8tJP¥988.0tJP¥58.6t14x16.5x1x
Tue, 23 Apr 2024JP¥932.2tJP¥975.0tJP¥57.0t14.2x16.4x1x
Thu, 21 Mar 2024JP¥981.0tJP¥976.6tJP¥56.9t14.7x17.2x1x
Sat, 17 Feb 2024JP¥938.6tJP¥976.7tJP¥56.9t14.3x16.5x1x
Mon, 15 Jan 2024JP¥897.5tJP¥971.2tJP¥52.5t14.4x17.1x0.9x
Wed, 13 Dec 2023JP¥852.2tJP¥974.3tJP¥52.5t14x16.2x0.9x
Fri, 10 Nov 2023JP¥847.9tJP¥973.8tJP¥56.4t13.9x15x0.9x
Sun, 08 Oct 2023JP¥824.4tJP¥971.2tJP¥55.2t13.9x14.9x0.8x
Tue, 05 Sep 2023JP¥864.0tJP¥971.1tJP¥55.2t14.4x15.6x0.9x
Thu, 03 Aug 2023JP¥839.1tJP¥963.4tJP¥52.8t14.1x15.9x0.9x
Sat, 01 Jul 2023JP¥835.8tJP¥957.3tJP¥51.1t14x16.4x0.9x
Mon, 29 May 2023JP¥784.8tJP¥958.8tJP¥51.1t13.4x15.4x0.8x
Wed, 26 Apr 2023JP¥751.0tJP¥935.1tJP¥46.6t13.1x16.1x0.8x
Fri, 24 Mar 2023JP¥709.6tJP¥932.7tJP¥46.1t12.6x15.4x0.8x
Sun, 19 Feb 2023JP¥733.6tJP¥933.1tJP¥46.5t12.6x15.8x0.8x
Tue, 17 Jan 2023JP¥695.9tJP¥902.0tJP¥49.1t12.1x14.2x0.8x
Thu, 15 Dec 2022JP¥732.8tJP¥902.8tJP¥49.1t12.6x14.9x0.8x
Sat, 12 Nov 2022JP¥732.6tJP¥893.4tJP¥46.2t12.4x15.9x0.8x
Mon, 10 Oct 2022JP¥710.9tJP¥863.5tJP¥45.6t12.4x15.6x0.8x
Wed, 07 Sep 2022JP¥717.8tJP¥863.1tJP¥45.6t12.6x15.7x0.8x
Fri, 05 Aug 2022JP¥720.5tJP¥849.8tJP¥49.2t12.8x14.7x0.8x
Sun, 03 Jul 2022JP¥688.5tJP¥838.0tJP¥49.3t12.3x14x0.8x
Tue, 31 May 2022JP¥710.9tJP¥836.1tJP¥49.3t12.5x14.4x0.9x
Thu, 28 Apr 2022JP¥696.9tJP¥819.6tJP¥51.4t12.1x13.6x0.9x
Sat, 26 Mar 2022JP¥740.2tJP¥821.6tJP¥51.1t12.6x14.5x0.9x
Mon, 21 Feb 2022JP¥719.5tJP¥821.7tJP¥50.9t12.4x14.1x0.9x
Wed, 19 Jan 2022JP¥741.1tJP¥803.5tJP¥48.5t12.8x15.3x0.9x
Fri, 17 Dec 2021JP¥758.6tJP¥800.0tJP¥48.4t13.2x15.7x0.9x
Sun, 14 Nov 2021JP¥774.1tJP¥801.2tJP¥47.8t13.7x16.2x1x
Tue, 12 Oct 2021JP¥757.3tJP¥787.1tJP¥44.7t14.4x16.9x1x
Thu, 09 Sep 2021JP¥781.2tJP¥788.3tJP¥44.7t15.1x17.5x1x
Sat, 07 Aug 2021JP¥732.0tJP¥788.7tJP¥44.6t14.5x16.4x0.9x
Price to Earnings Ratio

16.6x


Total Market Cap: JP¥740.1tTotal Earnings: JP¥44.6tTotal Revenue: JP¥788.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 17.4x202220232024
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 17.4x.
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 7.8% 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 Market2.41%
Financials5.01%
Healthcare4.24%
Consumer Discretionary2.82%
Industrials2.17%
Materials1.53%
Consumer Staples1.47%
Telecom1.34%
Tech1.22%
Energy1.18%
Real Estate0.70%
Utilities0.60%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings growth of 8.1% per year.
  • The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 6.2% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 7.2% 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¥3.26k6.1%
+JP¥2.5t		41.3%PE8.9xConsumer Discretionary
6501 HitachiJP¥3.65k8.9%
+JP¥1.4t		105.4%PE28.7xIndustrials
8306 Mitsubishi UFJ Financial GroupJP¥1.66k7.6%
+JP¥1.3t		56.3%PB1xFinancials
4519 Chugai PharmaceuticalJP¥5.80k12.4%
+JP¥1.1t		41.9%PE29.2xHealthcare
6758 Sony GroupJP¥13.53k5.6%
+JP¥878.6b		4.4%PE17xConsumer Discretionary
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And just like that, we are into the third quarter and the second half of 2024. Equity markets have done better...

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Opportunities And Risks In The Small Cap Universe
Last Week

Opportunities And Risks In The Small Cap Universe

Latest News

6758

JP¥13,530.00

Sony Group

7D

5.6%

1Y

4.4%

7203

JP¥3,263.00

Toyota Motor

7D

6.1%

1Y

41.3%

8766

JP¥5,849.00

Tokio Marine Holdings

7D

6.0%

1Y

76.4%

4661

JP¥4,505.00

Oriental Land

7D

-1.1%

1Y

-19.6%

8031

JP¥3,628.00

Mitsui

7D

-2.2%

1Y

34.1%

4716

JP¥11,070.00

Oracle Corporation Japan

7D

-6.0%

1Y

3.6%

6501

JP¥3,654.00

Hitachi

7D

8.9%

1Y

105.4%

6146

JP¥60,830.00

Disco

7D

-4.3%

1Y

169.0%

8316

JP¥10,450.00

Sumitomo Mitsui Financial Group

7D

4.5%

1Y

69.7%

We Ran A Stock Scan For Earnings Growth And Sumitomo Mitsui Financial Group (TSE:8316) Passed With Ease

Jun 25
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8001

JP¥7,656.00

ITOCHU

7D

5.4%

1Y

34.6%

6723

JP¥2,995.50

Renesas Electronics

7D

-2.7%

1Y

10.9%

5108

JP¥6,309.00

Bridgestone

7D

-1.6%

1Y

7.1%

Bridgestone's (TSE:5108) Dividend Will Be Increased To ¥105.00

Jun 21
Bridgestone's (TSE:5108) Dividend Will Be Increased To ¥105.00

4519

JP¥5,799.00

Chugai Pharmaceutical

7D

12.4%

1Y

41.9%

2914

JP¥4,370.00

Japan Tobacco

7D

-1.0%

1Y

38.6%

Japan Tobacco's (TSE:2914) Dividend Will Be ¥97.00

Jun 19
Japan Tobacco's (TSE:2914) Dividend Will Be ¥97.00

6367

JP¥22,355.00

Daikin IndustriesLtd

7D

-3.5%

1Y

-23.6%

Is Daikin Industries,Ltd. (TSE:6367) Potentially Undervalued?

Jun 19
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8306

JP¥1,664.50

Mitsubishi UFJ Financial Group

7D

7.6%

1Y

56.3%