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

Japanese (NIKKEI) Market Analysis & Valuation

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies3867
  • 7D-1.7%
  • 3M2.5%
  • 1Y26.7%
  • YTD15.8%

Over the last 7 days, the market has dropped 1.7%, driven by declines in the Consumer Discretionary and Information Technology sectors of 3.3% and 2.8%, respectively. On the other hand, the Communication Services has risen by 4.7%. As for the longer term, the market has actually risen by 27% in the last year. Earnings are forecast to grow by 8.7% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026JP¥1342.6tJP¥1081.3tJP¥78.9t13.7x17x1.2x
Tue, 11 Aug 2026JP¥1362.8tJP¥1077.7tJP¥77.7t13.9x17.5x1.3x
Thu, 09 Jul 2026JP¥1349.0tJP¥1054.1tJP¥69.9t14.1x19.3x1.3x
Sat, 06 Jun 2026JP¥1336.5tJP¥1054.9tJP¥71.2t13.7x18.8x1.3x
Mon, 04 May 2026JP¥1261.7tJP¥1041.5tJP¥66.2t14.3x19.1x1.2x
Wed, 01 Apr 2026JP¥1179.6tJP¥1038.8tJP¥65.6t14.1x18x1.1x
Fri, 27 Feb 2026JP¥1314.3tJP¥1040.7tJP¥65.7t15.3x20x1.3x
Sun, 25 Jan 2026JP¥1227.9tJP¥1026.8tJP¥64.4t15.1x19.1x1.2x
Tue, 23 Dec 2025JP¥1154.6tJP¥1029.6tJP¥64.3t14.3x18x1.1x
Thu, 20 Nov 2025JP¥1107.7tJP¥1033.1tJP¥64.9t13.6x17.1x1.1x
Sat, 18 Oct 2025JP¥1083.4tJP¥1025.7tJP¥59.8t14.3x18.1x1.1x
Mon, 15 Sep 2025JP¥1088.4tJP¥1026.5tJP¥59.8t14.7x18.2x1.1x
Wed, 13 Aug 2025JP¥1052.5tJP¥1022.6tJP¥58.6t14.3x18x1x
Fri, 11 Jul 2025JP¥970.8tJP¥1022.2tJP¥62.1t13.4x15.6x0.9x
Sun, 08 Jun 2025JP¥963.7tJP¥1035.0tJP¥63.7t13.1x15.1x0.9x
Tue, 06 May 2025JP¥938.9tJP¥1024.1tJP¥64.6t12.9x14.5x0.9x
Thu, 03 Apr 2025JP¥921.8tJP¥1020.8tJP¥64.1t12.9x14.4x0.9x
Sat, 01 Mar 2025JP¥935.6tJP¥1020.2tJP¥64.4t13x14.5x0.9x
Mon, 27 Jan 2025JP¥957.3tJP¥1010.0tJP¥61.9t13.5x15.5x0.9x
Wed, 25 Dec 2024JP¥951.6tJP¥1010.9tJP¥61.8t13.4x15.4x0.9x
Fri, 22 Nov 2024JP¥936.1tJP¥1007.2tJP¥61.7t13.5x15.2x0.9x
Sun, 20 Oct 2024JP¥943.1tJP¥1001.0tJP¥60.1t13.5x15.7x0.9x
Tue, 17 Sep 2024JP¥908.1tJP¥1000.0tJP¥60.1t13.2x15.1x0.9x
Thu, 15 Aug 2024JP¥909.4tJP¥997.9tJP¥60.0t13x15.2x0.9x
Sat, 13 Jul 2024JP¥1015.3tJP¥987.0tJP¥58.5t14.6x17.4x1x
Mon, 10 Jun 2024JP¥968.3tJP¥989.6tJP¥58.6t14.1x16.5x1x
Wed, 08 May 2024JP¥971.9tJP¥974.4tJP¥56.5t14.5x17.2x1x
Fri, 05 Apr 2024JP¥971.9tJP¥975.8tJP¥56.9t14.6x17.1x1x
Sun, 03 Mar 2024JP¥966.6tJP¥975.7tJP¥56.9t14.5x17x1x
Tue, 30 Jan 2024JP¥908.2tJP¥971.3tJP¥52.4t14.8x17.3x0.9x
Thu, 28 Dec 2023JP¥854.7tJP¥971.2tJP¥52.5t14x16.3x0.9x
Sat, 25 Nov 2023JP¥867.5tJP¥977.7tJP¥53.1t14.1x16.3x0.9x
Mon, 23 Oct 2023JP¥820.7tJP¥971.7tJP¥55.3t13.8x14.9x0.8x
Wed, 20 Sep 2023JP¥882.3tJP¥971.3tJP¥55.2t14.5x16x0.9x
Price to Earnings Ratio

16x


Total Market Cap: JP¥882.3tTotal Earnings: JP¥55.2tTotal Revenue: JP¥971.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.8x202420252026
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 16.8x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 13% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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-1.69%
Energy5.05%
Telecom4.70%
Utilities1.93%
Industrials-1.43%
Real Estate-1.80%
Financials-1.86%
Materials-2.45%
Consumer Staples-2.46%
Tech-2.76%
Consumer Discretionary-3.30%
Healthcare-4.23%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 27.1x.
    • Analysts expect its future annual earnings growth (18.1%) 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 Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Energy sector is expected to see its earnings decline by 14% 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
9984 SoftBank GroupJP¥6.54k17.0%
+JP¥5.4t		43.5%PE7.6xTelecom
8001 ITOCHUJP¥2.29k4.1%
+JP¥621.9b		33.7%PE17.4xIndustrials
8058 MitsubishiJP¥5.01k2.1%
+JP¥377.3b		45.5%PE20.5xIndustrials
9434 SoftBankJP¥246.903.2%
+JP¥368.9b		7.6%PE21.7xTelecom
6981 Murata ManufacturingJP¥7.35k2.2%
+JP¥293.1b		190.7%PE50.4xTech
See more

Market Insights

Header cover image
Greater regulatory scrutiny is catching up with digital platforms, posing a rising risk for social media stocks. But as Big Tobacco discovered, that's not always a bad outcome for shareholders.
Continue reading
What 13F filings won't tell you about a billionaire's stock picks

Latest News

5020
JP¥1,441.00
ENEOS Holdings
7D
7.1%
1Y
59.4%
9984
JP¥6,540.00
SoftBank Group
7D
17.0%
1Y
43.5%
6758
JP¥3,632.00
Sony Group
7D
-6.5%
1Y
-15.3%
7974
JP¥8,093.00
Nintendo
7D
-8.4%
1Y
-43.2%
8001
JP¥2,294.00
ITOCHU
7D
4.1%
1Y
33.7%
Narrative Update • Sep 09

8001: Share Repurchases And Earnings Outlook Will Support Higher Future P/E

Analysts now set a fair value price target for ITOCHU at about ¥3,026, compared with the previous ¥2,800, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E levels. What’s in the News for ITOCHU ITOCHU Corporation announced a share repurchase program of up to 190,000,000 shares, equal to 2.72% of its issued share capital, with a total purchase amount of ¥300,000 million.
6098
JP¥15,500.00
Recruit Holdings
7D
-4.5%
1Y
82.8%
Narrative Update • Sep 09

6098: Higher 2027 Earnings Guidance And Completed Buybacks Will Support Upside

Analysts have raised their price target for Recruit Holdings to ¥21,500 from ¥18,438, citing updated views on the company’s fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What’s in the News for Recruit Holdings Recruit Holdings revised its consolidated earnings guidance for the fiscal year ending March 31, 2027.
5019
JP¥1,648.00
Idemitsu KosanLtd
7D
12.1%
1Y
64.6%
6501
JP¥5,199.00
Hitachi
7D
-3.3%
1Y
27.1%
9434
JP¥246.90
SoftBank
7D
3.2%
1Y
7.6%
8058
JP¥5,005.00
Mitsubishi
7D
2.1%
1Y
45.5%
Narrative Update • Sep 03

8058: Future Returns Will Reflect Energy Assets Berkshire Support And Quantum Semiconductor Optionality

Analysts now place Mitsubishi's fair value closer to ¥5,265, trimmed from about ¥5,379, reflecting updated views on its revenue growth outlook, profit margin assumptions, and a slightly higher future P/E framework. What’s in the News for Mitsubishi Berkshire Hathaway CEO Greg Abel said higher Japanese bond yields are not currently a fundamental challenge for major Japanese trading companies including Mitsubishi Corporation, and described Berkshire’s stakes in the five trading houses as financially rewarding, according to recent comments reported in the news.
8306
JP¥3,661.00
Mitsubishi UFJ Financial Group
7D
-3.3%
1Y
59.9%
Narrative Update • Sep 03

8306: Buybacks And Dividend Increases Will Still Fail To Sustain Optimism

The analyst price target for Mitsubishi UFJ Financial Group has been reduced from about ¥2,527 to roughly ¥2,456 as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for Mitsubishi UFJ Financial Group MUFG Securities Americas Inc.
6857
JP¥31,720.00
Advantest
7D
-4.1%
1Y
127.4%
Narrative Update • Sep 03

6857: Silicon Photonics And AI Test Ecosystem Will Drive Future Upside

Analysts now place Advantest's fair value at ¥54,764, up from the prior ¥45,800. This reflects updated assumptions for revenue growth, profit margins and future P/E levels.
8035
JP¥51,460.00
Tokyo Electron
7D
-3.5%
1Y
127.9%
Narrative Update • Sep 03

8035: Higher P/E On 2027 Earnings And Payout Plans Will Sustain Overvaluation

Analysts have adjusted their price target for Tokyo Electron to ¥46,294 from ¥42,313, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News for Tokyo Electron Tokyo Electron revised its consolidated earnings guidance for the first half of the fiscal year ending March 31, 2027, with updated expectations for net sales of ¥1,620,000 million, operating income of ¥458,000 million, interim net income attributable to owners of parent of ¥349,000 million, and interim net income per share of ¥767.51, compared with prior guidance figures.
9983
JP¥66,480.00
Fast Retailing
7D
-3.8%
1Y
37.6%
6981
JP¥7,352.00
Murata Manufacturing
7D
2.2%
1Y
190.7%
9432
JP¥175.70
NTT
7D
1.8%
1Y
8.8%