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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies3950
  • 7D0.7%
  • 3M9.0%
  • 1Y22.6%
  • YTD23.9%

The market has been flat over the last week. Meanwhile, the market is actually up 23% over the past year. As for the next few years, earnings are expected to grow by 8.6% 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
Tue, 30 Dec 2025JP¥1162.2tJP¥1029.2tJP¥64.3t14.5x18.1x1.1x
Thu, 27 Nov 2025JP¥1138.1tJP¥1030.9tJP¥64.5t14.1x17.7x1.1x
Sat, 25 Oct 2025JP¥1117.8tJP¥1025.7tJP¥59.8t14.6x18.7x1.1x
Mon, 22 Sep 2025JP¥1084.6tJP¥1026.6tJP¥59.8t14.8x18.1x1.1x
Wed, 20 Aug 2025JP¥1075.2tJP¥1027.0tJP¥60.1t14.4x17.9x1x
Fri, 18 Jul 2025JP¥979.3tJP¥1021.1tJP¥62.0t13.5x15.8x1x
Sun, 15 Jun 2025JP¥959.2tJP¥1034.9tJP¥63.7t13.1x15.1x0.9x
Tue, 13 May 2025JP¥957.3tJP¥1026.7tJP¥64.3t13.2x14.9x0.9x
Thu, 10 Apr 2025JP¥824.4tJP¥1021.0tJP¥64.1t11.7x12.9x0.8x
Sat, 08 Mar 2025JP¥942.1tJP¥1019.9tJP¥64.3t13.1x14.6x0.9x
Mon, 03 Feb 2025JP¥969.5tJP¥1011.9tJP¥63.0t13.5x15.4x1x
Wed, 01 Jan 2025JP¥971.4tJP¥1010.9tJP¥61.7t13.7x15.7x1x
Fri, 29 Nov 2024JP¥938.4tJP¥1008.2tJP¥61.7t13.4x15.2x0.9x
Sun, 27 Oct 2024JP¥919.6tJP¥1001.7tJP¥60.1t13x15.3x0.9x
Tue, 24 Sep 2024JP¥932.2tJP¥1000.0tJP¥60.1t13.4x15.5x0.9x
Thu, 22 Aug 2024JP¥938.6tJP¥999.4tJP¥59.9t13.3x15.7x0.9x
Sat, 20 Jul 2024JP¥1001.3tJP¥987.5tJP¥58.6t14.5x17.1x1x
Mon, 17 Jun 2024JP¥966.9tJP¥989.0tJP¥58.6t14.2x16.5x1x
Wed, 15 May 2024JP¥964.6tJP¥980.4tJP¥57.5t14.4x16.8x1x
Fri, 12 Apr 2024JP¥976.0tJP¥976.5tJP¥56.9t14.8x17.2x1x
Sun, 10 Mar 2024JP¥972.0tJP¥975.9tJP¥56.9t14.6x17.1x1x
Tue, 06 Feb 2024JP¥915.4tJP¥968.5tJP¥53.4t14.7x17.2x0.9x
Thu, 04 Jan 2024JP¥854.9tJP¥971.2tJP¥52.5t14.1x16.3x0.9x
Sat, 02 Dec 2023JP¥863.4tJP¥977.6tJP¥53.1t14.1x16.3x0.9x
Mon, 30 Oct 2023JP¥821.6tJP¥971.7tJP¥55.4t13.7x14.8x0.8x
Wed, 27 Sep 2023JP¥862.4tJP¥971.5tJP¥55.3t14.5x15.6x0.9x
Fri, 25 Aug 2023JP¥834.5tJP¥971.1tJP¥55.2t14x15.1x0.9x
Sun, 23 Jul 2023JP¥826.3tJP¥957.8tJP¥50.6t14x16.3x0.9x
Tue, 20 Jun 2023JP¥836.6tJP¥959.3tJP¥51.1t14x16.4x0.9x
Thu, 18 May 2023JP¥782.3tJP¥956.1tJP¥49.1t13.4x15.9x0.8x
Sat, 15 Apr 2023JP¥743.0tJP¥934.9tJP¥46.6t13x15.9x0.8x
Mon, 13 Mar 2023JP¥746.7tJP¥933.6tJP¥46.7t13x16x0.8x
Wed, 08 Feb 2023JP¥730.1tJP¥916.2tJP¥48.8t12.6x15x0.8x
Fri, 06 Jan 2023JP¥692.0tJP¥902.0tJP¥49.1t12x14.1x0.8x
Price to Earnings Ratio

14.1x


Total Market Cap: JP¥692.0tTotal Earnings: JP¥49.1tTotal Revenue: JP¥902.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16x20242025
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 18.1x 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 Market0.69%
Telecom1.88%
Materials1.86%
Financials0.97%
Utilities0.95%
Consumer Staples0.94%
Healthcare0.94%
Real Estate0.91%
Industrials0.83%
Tech0.74%
Energy-0.37%
Consumer Discretionary-0.85%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 24.1x.
    • 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 4.2% 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
8001 ITOCHUJP¥2.02k7.3%
+JP¥956.7b		28.6%PE15xIndustrials
7974 NintendoJP¥10.74k4.8%
+JP¥576.3b		15.9%PE33.9xTelecom
8035 Tokyo ElectronJP¥34.23k3.2%
+JP¥485.9b		41.5%PE29xTech
7182 JAPAN POST BANKJP¥2.20k5.8%
+JP¥432.5b		47.3%PB0.8xFinancials
6758 Sony GroupJP¥4.03k1.7%
+JP¥411.7b		19.6%PE19.9xConsumer Discretionary
See more

Market Insights

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Latest News

8001
JP¥2,015.00
ITOCHU
7D
7.3%
1Y
28.6%

ITOCHU (TSE:8001) Has Announced That It Will Be Increasing Its Dividend To ¥110.00

Dec 28
ITOCHU (TSE:8001) Has Announced That It Will Be Increasing Its Dividend To ¥110.00
8031
JP¥4,690.00
Mitsui
7D
2.9%
1Y
41.6%
7203
JP¥3,364.00
Toyota Motor
7D
-2.6%
1Y
6.9%
8035
JP¥34,230.00
Tokyo Electron
7D
3.2%
1Y
41.5%

8035: Higher Payouts And Guidance Will Likely Leave Shares Overpriced

The analyst price target for Tokyo Electron has been raised modestly to ¥25,827 from ¥25,744, as analysts factor in slightly higher long term revenue growth, stable profit margins, and a marginally richer future earnings multiple. What's in the News Raised full year 2026 guidance, now targeting net sales of JPY 2,380,000 million and operating income of JPY 586,000 million, modestly above the prior forecast.
2914
JP¥5,667.00
Japan Tobacco
7D
-1.4%
1Y
38.9%

Japan Tobacco's (TSE:2914) Upcoming Dividend Will Be Larger Than Last Year's

Dec 23
Japan Tobacco's (TSE:2914) Upcoming Dividend Will Be Larger Than Last Year's
7182
JP¥2,202.00
JAPAN POST BANK
7D
5.8%
1Y
47.3%

JAPAN POST BANK (TSE:7182) Is Increasing Its Dividend To ¥66.00

Dec 23
JAPAN POST BANK (TSE:7182) Is Increasing Its Dividend To ¥66.00
9432
JP¥158.60
NTT
7D
2.5%
1Y
0.4%

NTT's (TSE:9432) Dividend Will Be ¥2.65

Dec 23
NTT's (TSE:9432) Dividend Will Be ¥2.65
5802
JP¥6,336.00
Sumitomo Electric Industries
7D
-6.3%
1Y
122.0%
7974
JP¥10,740.00
Nintendo
7D
4.8%
1Y
15.9%
4502
JP¥4,906.00
Takeda Pharmaceutical
7D
4.7%
1Y
17.3%

4502: Future Pipeline And Focused R D Shift Will Shape Balanced Outlook

Analysts have modestly raised their price target on Takeda Pharmaceutical to 4,946 yen, reflecting steady expectations for revenue growth, profit margins, and future valuation multiples despite only marginal adjustments to their models. What's in the News Positive Phase 3 results for zasocitinib (TAK-279) in moderate to severe plaque psoriasis, with superiority to placebo and apremilast across primary and 44 ranked secondary endpoints, support the potential of a once daily oral TYK2 inhibitor in dermatology.
6501
JP¥4,929.00
Hitachi
7D
-1.5%
1Y
25.2%

6501: Government Energy Infrastructure And AI Projects Will Drive Future Upside Potential

Analysts have modestly raised their price target on Hitachi to approximately $5,515 from about $5,508, citing slightly faster expected revenue growth, a marginally lower discount rate, and a steady long term profit outlook that supports a similar future price to earnings multiple. What's in the News Hitachi Vantara deployed its Virtual Storage Platform One for Asia Airfreight Terminal at Hong Kong International Airport, delivering zero downtime, tripling storage capacity, and cutting energy use by over 50% in 24/7 cold chain cargo operations (Key Developments).
7267
JP¥1,541.00
Honda Motor
7D
-2.6%
1Y
0.4%

Honda Motor (TSE:7267) Will Pay A Dividend Of ¥35.00

Dec 20
Honda Motor (TSE:7267) Will Pay A Dividend Of ¥35.00
6758
JP¥4,029.00
Sony Group
7D
1.7%
1Y
19.6%

6758: Gaming And Music Subscriptions Will Drive Future Earnings Re Rating

Analysts have modestly raised their price target on Sony Group, reflecting slightly faster expected revenue growth, a marginally higher profit margin, and a supportive backdrop of recent Buy and Outperform upgrades that highlight renewed strength in gaming and music streaming businesses. Analyst Commentary Recent Street revisions highlight a more constructive stance on Sony Group, with analysts pointing to a combination of cyclical recovery in key content categories and structural tailwinds in digital entertainment.
6857
JP¥19,780.00
Advantest
7D
-1.3%
1Y
115.0%

6857: New Test Platforms Will Support Future Returns At A Fair Price

Analysts have modestly raised their price target on Advantest to approximately ¥19,218, citing a slightly higher assumed discount rate while maintaining largely unchanged expectations for long term revenue growth, profit margins, and future valuation multiples. What's in the News Launched the T2000 AiR2X next generation air cooled SoC test system, doubling test resources versus the prior AiR platform while remaining compatible with existing T2000 installations and targeting high mix, low volume and legacy system replacement demand (company announcement).
9983
JP¥56,390.00
Fast Retailing
7D
-1.8%
1Y
4.8%
7741
JP¥23,460.00
HOYA
7D
-2.1%
1Y
18.4%

HOYA (TSE:7741) Has A Rock Solid Balance Sheet

Dec 08
HOYA (TSE:7741) Has A Rock Solid Balance Sheet