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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies3905
  • 7D-0.5%
  • 3M1.7%
  • 1Y41.3%
  • YTD11.3%

Over the last 7 days, the market has dropped 3.1%, driven by a pullback of 6.5% in the Industrials sector. In the last year, the market is actually up 38%. 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, 22 May 2026JP¥1305.0tJP¥1057.6tJP¥71.5t13.8x18.2x1.2x
Sun, 19 Apr 2026JP¥1269.5tJP¥1038.2tJP¥65.6t14.8x19.4x1.2x
Tue, 17 Mar 2026JP¥1229.6tJP¥1040.4tJP¥65.7t14.7x18.7x1.2x
Thu, 12 Feb 2026JP¥1300.4tJP¥1037.0tJP¥64.9t15.2x20.1x1.3x
Sat, 10 Jan 2026JP¥1190.9tJP¥1027.2tJP¥64.4t14.7x18.5x1.2x
Mon, 08 Dec 2025JP¥1138.8tJP¥1030.1tJP¥64.2t14x17.7x1.1x
Wed, 05 Nov 2025JP¥1129.9tJP¥1027.9tJP¥61.3t14.4x18.4x1.1x
Fri, 03 Oct 2025JP¥1056.5tJP¥1023.7tJP¥59.7t14.3x17.7x1x
Sun, 31 Aug 2025JP¥1061.4tJP¥1026.5tJP¥59.8t14.5x17.7x1x
Tue, 29 Jul 2025JP¥1008.3tJP¥1020.9tJP¥61.6t13.8x16.4x1x
Thu, 26 Jun 2025JP¥962.5tJP¥1029.5tJP¥63.6t13.3x15.1x0.9x
Sat, 24 May 2025JP¥952.3tJP¥1032.3tJP¥63.7t12.8x14.9x0.9x
Mon, 21 Apr 2025JP¥897.8tJP¥1021.5tJP¥64.3t12.6x14x0.9x
Wed, 19 Mar 2025JP¥967.3tJP¥1020.1tJP¥64.4t13.4x15x0.9x
Fri, 14 Feb 2025JP¥965.7tJP¥1017.6tJP¥63.8t13.4x15.1x0.9x
Sun, 12 Jan 2025JP¥945.7tJP¥1009.6tJP¥61.9t13.5x15.3x0.9x
Tue, 10 Dec 2024JP¥953.1tJP¥1009.4tJP¥61.8t13.5x15.4x0.9x
Thu, 07 Nov 2024JP¥948.5tJP¥1001.5tJP¥59.3t13.3x16x0.9x
Sat, 05 Oct 2024JP¥947.8tJP¥1000.1tJP¥60.1t13.5x15.8x0.9x
Mon, 02 Sep 2024JP¥956.4tJP¥999.7tJP¥60.0t13.6x15.9x1x
Wed, 31 Jul 2024JP¥967.9tJP¥987.2tJP¥58.5t14.3x16.5x1x
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
Price to Earnings Ratio

15.4x


Total Market Cap: JP¥784.8tTotal Earnings: JP¥51.1tTotal Revenue: JP¥958.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.5x202420252026
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 16.5x.
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 3.3% 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-0.49%
Financials4.54%
Telecom2.83%
Tech0.71%
Consumer Staples0.44%
Healthcare-0.34%
Consumer Discretionary-0.46%
Utilities-1.49%
Energy-1.79%
Real Estate-2.95%
Industrials-3.90%
Materials-4.60%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.7%, which is higher than its past year's earnings growth of 14.6% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 20.7x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 18% 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 8.8% 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¥55.34k14.2%
+JP¥3.8t		2,567.0%PE54.5xTech
6098 Recruit HoldingsJP¥9.56k22.9%
+JP¥2.5t		13.9%PE26.8xIndustrials
8306 Mitsubishi UFJ Financial GroupJP¥3.07k6.6%
+JP¥2.1t		57.7%PB1.6xFinancials
6501 HitachiJP¥5.12k9.7%
+JP¥2.0t		37.3%PE28.7xIndustrials
9984 SoftBank GroupJP¥6.04k4.7%
+JP¥1.5t		223.7%PE6.9xTelecom
See more

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