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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJul 18, 2026
DataAggregated Company Financials
Companies3886
  • 7D-3.5%
  • 3M4.2%
  • 1Y37.4%
  • YTD12.9%

Over the last 7 days, the market has dropped 3.5%, driven by a pullback of 13% in the Information Technology sector. In the last year, the market is actually up 37%. Looking forward, earnings are forecast to grow by 10% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Jul 2026JP¥1312.2tJP¥1052.0tJP¥69.3t13.9x18.9x1.2x
Mon, 15 Jun 2026JP¥1317.2tJP¥1054.8tJP¥71.2t13.5x18.5x1.2x
Wed, 13 May 2026JP¥1309.7tJP¥1045.5tJP¥66.6t14.5x19.7x1.3x
Fri, 10 Apr 2026JP¥1260.5tJP¥1038.2tJP¥65.6t14.7x19.2x1.2x
Sun, 08 Mar 2026JP¥1258.9tJP¥1040.3tJP¥65.7t15x19.2x1.2x
Tue, 03 Feb 2026JP¥1200.9tJP¥1030.1tJP¥65.3t14.6x18.4x1.2x
Thu, 01 Jan 2026JP¥1156.4tJP¥1029.2tJP¥64.3t14.5x18x1.1x
Sat, 29 Nov 2025JP¥1146.9tJP¥1031.5tJP¥64.5t14.2x17.8x1.1x
Mon, 27 Oct 2025JP¥1117.8tJP¥1025.7tJP¥59.8t14.6x18.7x1.1x
Wed, 24 Sep 2025JP¥1089.1tJP¥1026.6tJP¥59.8t14.8x18.2x1.1x
Fri, 22 Aug 2025JP¥1064.1tJP¥1026.9tJP¥59.8t14.4x17.8x1x
Sun, 20 Jul 2025JP¥977.6tJP¥1021.1tJP¥62.0t13.5x15.8x1x
Tue, 17 Jun 2025JP¥966.2tJP¥1033.9tJP¥63.7t13.1x15.2x0.9x
Thu, 15 May 2025JP¥962.6tJP¥1027.0tJP¥63.6t13.2x15.1x0.9x
Sat, 12 Apr 2025JP¥865.2tJP¥1021.4tJP¥64.2t12.2x13.5x0.8x
Mon, 10 Mar 2025JP¥942.1tJP¥1019.9tJP¥64.3t13.1x14.6x0.9x
Wed, 05 Feb 2025JP¥952.5tJP¥1011.7tJP¥63.0t13.4x15.1x0.9x
Fri, 03 Jan 2025JP¥971.2tJP¥1010.9tJP¥61.7t13.7x15.7x1x
Sun, 01 Dec 2024JP¥936.1tJP¥1008.9tJP¥61.8t13.4x15.1x0.9x
Tue, 29 Oct 2024JP¥934.3tJP¥1001.8tJP¥60.1t13.2x15.5x0.9x
Thu, 26 Sep 2024JP¥934.2tJP¥1000.0tJP¥60.1t13.4x15.5x0.9x
Sat, 24 Aug 2024JP¥946.4tJP¥999.4tJP¥59.9t13.4x15.8x0.9x
Mon, 22 Jul 2024JP¥1003.2tJP¥987.7tJP¥58.6t14.6x17.1x1x
Wed, 19 Jun 2024JP¥957.5tJP¥989.0tJP¥58.6t14.1x16.3x1x
Fri, 17 May 2024JP¥967.1tJP¥982.2tJP¥58.2t14.1x16.6x1x
Sun, 14 Apr 2024JP¥979.0tJP¥974.7tJP¥56.9t14.8x17.2x1x
Tue, 12 Mar 2024JP¥951.7tJP¥975.9tJP¥56.9t14.4x16.7x1x
Thu, 08 Feb 2024JP¥912.9tJP¥970.5tJP¥54.2t14.7x16.8x0.9x
Sat, 06 Jan 2024JP¥863.1tJP¥971.1tJP¥52.4t14.3x16.5x0.9x
Mon, 04 Dec 2023JP¥863.8tJP¥977.5tJP¥53.1t14.2x16.3x0.9x
Wed, 01 Nov 2023JP¥821.2tJP¥971.7tJP¥55.4t13.7x14.8x0.8x
Fri, 29 Sep 2023JP¥853.7tJP¥971.5tJP¥55.3t14.4x15.4x0.9x
Sun, 27 Aug 2023JP¥827.5tJP¥971.1tJP¥55.2t13.9x15x0.9x
Tue, 25 Jul 2023JP¥833.5tJP¥957.9tJP¥50.6t14.1x16.5x0.9x
Price to Earnings Ratio

16.5x


Total Market Cap: JP¥833.5tTotal Earnings: JP¥50.6tTotal Revenue: JP¥957.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.7x202420252026
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 18.9x which is higher than its 3-year average PE of 16.7x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 11% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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-3.51%
Consumer Staples1.52%
Healthcare0.73%
Real Estate0.59%
Consumer Discretionary0.23%
Energy-0.23%
Utilities-0.46%
Financials-1.70%
Industrials-2.23%
Materials-2.54%
Telecom-3.90%
Tech-13.14%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings growth of 15.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 10.0% 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¥2.90k2.7%
+JP¥905.8b		15.2%PE8.9xConsumer Discretionary
6098 Recruit HoldingsJP¥12.82k4.7%
+JP¥805.7b		58.6%PE35.8xIndustrials
6758 Sony GroupJP¥3.47k3.3%
+JP¥651.8b		-2.7%PE19.8xConsumer Discretionary
9434 SoftBankJP¥220.504.3%
+JP¥435.7b		0.9%PE19.5xTelecom
2914 Japan TobaccoJP¥6.35k3.8%
+JP¥408.3b		47.6%PE20.8xConsumer Staples
See more

Market Insights

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A strong brand today doesn't guarantee a strong brand forever. Even the most established names can see their pricing power fade over time. In an industry landscape being reshaped by new entrants, shifting tastes and disruptive technology, it's worth understanding how to tell a temporary dip from a permanent decline.
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4062
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6723
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9434
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8035
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6857
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8031
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Narrative Update • Jul 16

8031: Energy And India Expansion Will Support Stronger Long Term Returns

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6098
JP¥12,820.00
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4.7%
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Narrative Update • Jul 15

6098: Strong Price Momentum And Share Repurchases Will Support Future Earnings Power

Analysts have lifted their price target on Recruit Holdings from ¥14,400 to ¥16,000, citing updated assumptions around revenue growth, profit margins, and future P/E levels as key drivers of the change. What’s in the News for Recruit Holdings Recruit Holdings Co. is highlighted as a growth stock with solid price strength over the past 12 weeks and positive momentum in the last four weeks.
7203
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7453
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7974
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Nintendo
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3.8%
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6758
JP¥3,470.00
Sony Group
7D
3.3%
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2914
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Japan Tobacco
7D
3.8%
1Y
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Narrative Update • Jul 08

2914: Board Actions And Margin Outlook Will Shape A Measured Fair-Value Case

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6861
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6981
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