Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Market Analysis & Valuation

UpdatedMay 03, 2026
DataAggregated Company Financials
Companies3909
  • 7D0.3%
  • 3M4.8%
  • 1Y37.6%
  • YTD7.6%

The market has been flat in the last week, however the Communication Services sector is down 3.8%. As for the longer term, the market has risen 38% in the past 12 months. As for the next few years, earnings are expected to grow by 10% 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
Sun, 03 May 2026JP¥1261.4tJP¥1041.5tJP¥66.2t14.3x19x1.2x
Tue, 31 Mar 2026JP¥1193.7tJP¥1039.0tJP¥65.6t14.2x18.2x1.1x
Thu, 26 Feb 2026JP¥1303.5tJP¥1040.7tJP¥65.7t15.3x19.8x1.3x
Sat, 24 Jan 2026JP¥1227.8tJP¥1026.8tJP¥64.4t15.1x19.1x1.2x
Mon, 22 Dec 2025JP¥1147.9tJP¥1029.6tJP¥64.3t14.3x17.9x1.1x
Wed, 19 Nov 2025JP¥1108.7tJP¥1033.0tJP¥64.9t13.7x17.1x1.1x
Fri, 17 Oct 2025JP¥1094.6tJP¥1024.2tJP¥59.9t14.4x18.3x1.1x
Sun, 14 Sep 2025JP¥1088.4tJP¥1026.5tJP¥59.8t14.7x18.2x1.1x
Tue, 12 Aug 2025JP¥1038.5tJP¥1022.0tJP¥59.9t14.2x17.3x1x
Thu, 10 Jul 2025JP¥975.2tJP¥1022.1tJP¥62.1t13.4x15.7x1x
Sat, 07 Jun 2025JP¥963.9tJP¥1035.0tJP¥63.7t13.1x15.1x0.9x
Mon, 05 May 2025JP¥938.9tJP¥1024.1tJP¥64.6t12.9x14.5x0.9x
Wed, 02 Apr 2025JP¥925.7tJP¥1020.7tJP¥64.4t13x14.4x0.9x
Fri, 28 Feb 2025JP¥953.5tJP¥1020.2tJP¥64.4t13.1x14.8x0.9x
Sun, 26 Jan 2025JP¥957.4tJP¥1010.2tJP¥61.9t13.5x15.5x0.9x
Tue, 24 Dec 2024JP¥951.7tJP¥1010.8tJP¥61.7t13.5x15.4x0.9x
Thu, 21 Nov 2024JP¥941.0tJP¥1007.4tJP¥61.4t13.5x15.3x0.9x
Sat, 19 Oct 2024JP¥943.2tJP¥1001.0tJP¥60.1t13.5x15.7x0.9x
Mon, 16 Sep 2024JP¥908.1tJP¥999.9tJP¥60.1t13.2x15.1x0.9x
Wed, 14 Aug 2024JP¥899.5tJP¥997.5tJP¥59.9t12.9x15x0.9x
Fri, 12 Jul 2024JP¥1025.6tJP¥987.0tJP¥58.5t14.5x17.5x1x
Sun, 09 Jun 2024JP¥968.3tJP¥989.6tJP¥58.6t14.1x16.5x1x
Tue, 07 May 2024JP¥965.5tJP¥974.4tJP¥56.5t14.4x17.1x1x
Thu, 04 Apr 2024JP¥964.0tJP¥975.8tJP¥56.9t14.5x17x1x
Sat, 02 Mar 2024JP¥966.7tJP¥975.7tJP¥56.9t14.5x17x1x
Mon, 29 Jan 2024JP¥898.1tJP¥971.3tJP¥52.4t14.7x17.1x0.9x
Wed, 27 Dec 2023JP¥844.9tJP¥971.2tJP¥52.5t13.9x16.1x0.9x
Fri, 24 Nov 2023JP¥862.8tJP¥977.7tJP¥53.1t14x16.2x0.9x
Sun, 22 Oct 2023JP¥820.7tJP¥971.7tJP¥55.3t13.8x14.9x0.8x
Tue, 19 Sep 2023JP¥881.9tJP¥971.3tJP¥55.2t14.4x16x0.9x
Thu, 17 Aug 2023JP¥824.2tJP¥970.4tJP¥55.1t13.9x15x0.8x
Sat, 15 Jul 2023JP¥818.7tJP¥957.2tJP¥50.6t13.8x16.2x0.9x
Mon, 12 Jun 2023JP¥812.7tJP¥959.1tJP¥51.1t13.6x15.9x0.8x
Wed, 10 May 2023JP¥770.2tJP¥942.0tJP¥47.7t13.5x16.2x0.8x
Price to Earnings Ratio

16.2x


Total Market Cap: JP¥770.2tTotal Earnings: JP¥47.7tTotal Revenue: JP¥942.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.5x202420252026
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 19.0x which is higher than its 3-year average PE 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 3.4% 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 Market0.29%
Financials2.28%
Energy1.21%
Materials1.19%
Tech1.04%
Industrials1.02%
Consumer Staples0.20%
Consumer Discretionary-0.25%
Utilities-0.78%
Real Estate-0.87%
Healthcare-2.55%
Telecom-3.82%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.1%, which is higher than its past year's earnings growth of 11.9% 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 20% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.5% 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
6861 KeyenceJP¥76.46k21.0%
+JP¥3.2t		21.7%PE41.7xTech
8053 SumitomoJP¥6.84k18.3%
+JP¥1.2t		95.3%PE14.5xIndustrials
6752 Panasonic HoldingsJP¥3.32k15.5%
+JP¥1.0t		97.0%PE38.2xConsumer Discretionary
285A Kioxia HoldingsJP¥36.41k5.3%
+JP¥999.3b		1,895.1%PE119xTech
8058 MitsubishiJP¥5.22k5.4%
+JP¥877.5b		97.7%PE26xIndustrials
See more

Market Insights

Header cover image
We’re starting to see the second-order impact of Strait of Hormuz’s extended closure on other industries and in Q1 2026 reports - and it’s far more than just fuel and gas.
Continue reading
China's next winners have been chosen

Latest News

8058
JP¥5,219.00
Mitsubishi
7D
5.4%
1Y
97.7%
8053
JP¥6,840.00
Sumitomo
7D
18.3%
1Y
95.3%
4307
JP¥4,183.00
Nomura Research Institute
7D
-17.9%
1Y
-23.8%

Some Investors May Be Willing To Look Past Nomura Research Institute's (TSE:4307) Soft Earnings

May 01
Some Investors May Be Willing To Look Past Nomura Research Institute's (TSE:4307) Soft Earnings
6861
JP¥76,460.00
Keyence
7D
21.0%
1Y
21.7%
8015
JP¥6,868.00
Toyota Tsusho
7D
12.1%
1Y
133.3%
6701
JP¥4,035.00
NEC
7D
-10.6%
1Y
15.5%

Results: NEC Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

May 01
Results: NEC Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
285A
JP¥36,410.00
Kioxia Holdings
7D
5.3%
1Y
1,895.1%
6501
JP¥4,795.00
Hitachi
7D
-8.3%
1Y
30.5%
6857
JP¥27,815.00
Advantest
7D
-5.5%
1Y
338.9%

Advantest Corporation Just Beat EPS By 12%: Here's What Analysts Think Will Happen Next

Apr 29
Advantest Corporation Just Beat EPS By 12%: Here's What Analysts Think Will Happen Next
6702
JP¥3,075.00
Fujitsu
7D
-16.8%
1Y
-2.5%
9984
JP¥5,424.00
SoftBank Group
7D
-9.0%
1Y
193.0%

9984: Future OpenAI Funding And Leverage Will Heighten Execution Downside Risk

Analysts have reset their fair value estimate for SoftBank Group to ¥3,100 from about ¥3,499, reflecting a mix of caution around concentrated AI exposure and leverage, as well as optimism about AI access, semiconductor IP positioning, and an updated 32.48x future P/E assumption alongside higher modeled revenue growth and profit margins. Analyst Commentary Street research on SoftBank Group has recently split into two broad camps, with some focusing on upside from AI and semiconductor IP exposure and others leaning into valuation and balance sheet risks tied to that same theme.
7203
JP¥3,000.00
Toyota Motor
7D
-2.2%
1Y
7.9%

7203: Leadership Transition And Fuel Cell Venture Will Support Bullish Outlook

Analysts have trimmed their price target on Toyota Motor slightly, with fair value moving from about ¥3,992 to roughly ¥3,969 as they factor in small adjustments to revenue growth, profit margin, and future P/E assumptions. What's in the News CEO Koji Sato is set to step down on April 1, 2026, with current CFO Kenta Kon becoming CEO.
4519
JP¥8,245.00
Chugai Pharmaceutical
7D
-6.8%
1Y
-4.4%

Chugai Pharmaceutical Co., Ltd. (TSE:4519) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 28
Chugai Pharmaceutical Co., Ltd. (TSE:4519) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
6752
JP¥3,324.00
Panasonic Holdings
7D
15.5%
1Y
97.0%

6752: Execution Risks And Restructuring Costs Will Pressure Future Share Performance

Analysts have trimmed their price target for Panasonic Holdings to about ¥1,955 from roughly ¥1,984, citing a lower assumed future P/E, as well as slightly adjusted views on revenue growth, profit margins and discount rate assumptions. Analyst Commentary Bearish analysts are signaling a more cautious stance on Panasonic Holdings, with the latest move being a downgrade that reflects tempered expectations for the shares.
9983
JP¥72,890.00
Fast Retailing
7D
4.0%
1Y
51.9%

Why Fast Retailing's (TSE:9983) Earnings Are Better Than They Seem

Apr 17
Why Fast Retailing's (TSE:9983) Earnings Are Better Than They Seem
8316
JP¥5,541.00
Sumitomo Mitsui Financial Group
7D
3.6%
1Y
68.8%