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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies3947
  • 7D-0.6%
  • 3M6.0%
  • 1Y23.3%
  • YTD21.6%

The market has been flat in the last week, however the Communication Services sector is down 3.6%. As for the longer term, the market has risen 23% in the past 12 months. As for the next few years, earnings are expected to grow by 8.5% 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
Thu, 18 Dec 2025JP¥1142.2tJP¥1029.8tJP¥64.3t14.1x17.8x1.1x
Sat, 15 Nov 2025JP¥1144.6tJP¥1031.4tJP¥64.3t14.2x17.8x1.1x
Mon, 13 Oct 2025JP¥1092.0tJP¥1023.5tJP¥59.8t14.4x18.3x1.1x
Wed, 10 Sep 2025JP¥1075.0tJP¥1026.4tJP¥59.8t14.7x18x1x
Fri, 08 Aug 2025JP¥1028.2tJP¥1021.4tJP¥60.0t14.3x17.2x1x
Sun, 06 Jul 2025JP¥974.5tJP¥1027.1tJP¥62.7t13.3x15.5x0.9x
Tue, 03 Jun 2025JP¥966.6tJP¥1033.1tJP¥63.7t13.1x15.2x0.9x
Thu, 01 May 2025JP¥931.3tJP¥1022.2tJP¥64.4t12.9x14.5x0.9x
Sat, 29 Mar 2025JP¥958.0tJP¥1020.9tJP¥64.4t13.3x14.9x0.9x
Mon, 24 Feb 2025JP¥953.7tJP¥1020.2tJP¥64.4t13.1x14.8x0.9x
Wed, 22 Jan 2025JP¥944.6tJP¥1010.1tJP¥61.9t13.4x15.3x0.9x
Fri, 20 Dec 2024JP¥947.2tJP¥1010.9tJP¥61.8t13.4x15.3x0.9x
Sun, 17 Nov 2024JP¥945.6tJP¥1006.7tJP¥61.0t13.4x15.5x0.9x
Tue, 15 Oct 2024JP¥950.8tJP¥999.1tJP¥60.1t13.5x15.8x1x
Thu, 12 Sep 2024JP¥894.1tJP¥1000.0tJP¥60.1t13.1x14.9x0.9x
Sat, 10 Aug 2024JP¥875.8tJP¥995.5tJP¥59.3t12.6x14.8x0.9x
Mon, 08 Jul 2024JP¥1008.6tJP¥986.1tJP¥58.3t14.4x17.3x1x
Wed, 05 Jun 2024JP¥979.2tJP¥989.6tJP¥58.6t14.2x16.7x1x
Fri, 03 May 2024JP¥965.4tJP¥974.7tJP¥56.4t14.4x17.1x1x
Sun, 31 Mar 2024JP¥986.3tJP¥975.9tJP¥56.9t14.9x17.3x1x
Tue, 27 Feb 2024JP¥956.0tJP¥975.7tJP¥56.9t14.4x16.8x1x
Thu, 25 Jan 2024JP¥908.5tJP¥971.4tJP¥52.5t14.6x17.3x0.9x
Sat, 23 Dec 2023JP¥844.7tJP¥971.2tJP¥52.5t13.9x16.1x0.9x
Mon, 20 Nov 2023JP¥865.0tJP¥976.9tJP¥52.9t13.9x16.4x0.9x
Wed, 18 Oct 2023JP¥839.6tJP¥971.6tJP¥55.2t14x15.2x0.9x
Fri, 15 Sep 2023JP¥873.9tJP¥971.2tJP¥55.2t14.4x15.8x0.9x
Sun, 13 Aug 2023JP¥839.5tJP¥970.5tJP¥55.1t13.9x15.2x0.9x
Tue, 11 Jul 2023JP¥819.7tJP¥957.2tJP¥50.6t13.9x16.2x0.9x
Thu, 08 Jun 2023JP¥806.5tJP¥959.1tJP¥51.1t13.5x15.8x0.8x
Sat, 06 May 2023JP¥762.5tJP¥941.9tJP¥47.9t13.4x15.9x0.8x
Mon, 03 Apr 2023JP¥736.4tJP¥933.9tJP¥46.6t12.9x15.8x0.8x
Wed, 01 Mar 2023JP¥734.1tJP¥933.6tJP¥46.7t12.7x15.7x0.8x
Fri, 27 Jan 2023JP¥729.0tJP¥903.5tJP¥49.1t12.5x14.9x0.8x
Sun, 25 Dec 2022JP¥703.0tJP¥903.1tJP¥49.1t12.1x14.3x0.8x
Price to Earnings Ratio

14.3x


Total Market Cap: JP¥703.0tTotal Earnings: JP¥49.1tTotal Revenue: JP¥903.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16x202320242025
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 17.8x which is higher than its 3-year average PE of 16.0x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 9.4% per year over the last three years.
  • Revenues for these companies have grown 4.5% 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-0.55%
Consumer Discretionary1.10%
Financials1.01%
Real Estate0.93%
Consumer Staples0.46%
Healthcare0.0049%
Materials-0.59%
Industrials-0.92%
Utilities-1.39%
Tech-2.39%
Energy-2.88%
Telecom-3.64%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 23.9x.
    • Analysts expect its future annual earnings growth (13.8%) 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 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 Materials sector, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 3.6% 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¥3.36k8.1%
+JP¥3.3t		23.5%PE9.5xConsumer Discretionary
6098 Recruit HoldingsJP¥8.82k8.5%
+JP¥971.5b		-19.0%PE28.6xIndustrials
8766 Tokio Marine HoldingsJP¥5.90k6.2%
+JP¥656.6b		6.9%PE10.7xFinancials
8267 AeonJP¥2.42k6.7%
+JP¥420.6b		96.7%PE244.7xConsumer Staples
4063 Shin-Etsu ChemicalJP¥4.79k3.9%
+JP¥333.4b		-6.5%PE18xMaterials
See more

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