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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies3881
  • 7D2.1%
  • 3M7.5%
  • 1Y35.2%
  • YTD15.3%

The market has climbed 2.1% in the last 7 days, lead by the Financials sector with a gain of 7.1%. As for the past 12 months, the market is up 35%. 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, 26 Jul 2026JP¥1340.6tJP¥1052.2tJP¥69.3t14x19.3x1.3x
Tue, 23 Jun 2026JP¥1393.6tJP¥1054.7tJP¥70.9t13.8x19.7x1.3x
Thu, 21 May 2026JP¥1283.4tJP¥1057.3tJP¥71.5t13.7x18x1.2x
Sat, 18 Apr 2026JP¥1269.5tJP¥1038.2tJP¥65.6t14.8x19.4x1.2x
Mon, 16 Mar 2026JP¥1229.6tJP¥1040.4tJP¥65.7t14.7x18.7x1.2x
Wed, 11 Feb 2026JP¥1301.2tJP¥1037.1tJP¥65.0t15.3x20x1.3x
Fri, 09 Jan 2026JP¥1180.5tJP¥1029.0tJP¥64.3t14.7x18.4x1.1x
Sun, 07 Dec 2025JP¥1138.8tJP¥1030.1tJP¥64.2t14x17.7x1.1x
Tue, 04 Nov 2025JP¥1137.3tJP¥1028.4tJP¥61.3t14.3x18.6x1.1x
Thu, 02 Oct 2025JP¥1064.0tJP¥1028.3tJP¥59.8t14.4x17.8x1x
Sat, 30 Aug 2025JP¥1061.4tJP¥1026.5tJP¥59.8t14.5x17.7x1x
Mon, 28 Jul 2025JP¥1014.8tJP¥1020.9tJP¥61.6t13.8x16.5x1x
Wed, 25 Jun 2025JP¥962.4tJP¥1029.2tJP¥63.5t13.2x15.1x0.9x
Fri, 23 May 2025JP¥946.8tJP¥1032.2tJP¥63.7t12.8x14.9x0.9x
Sun, 20 Apr 2025JP¥897.8tJP¥1021.5tJP¥64.3t12.6x14x0.9x
Tue, 18 Mar 2025JP¥955.7tJP¥1020.1tJP¥64.4t13.3x14.9x0.9x
Thu, 13 Feb 2025JP¥954.9tJP¥1017.1tJP¥65.0t13.3x14.7x0.9x
Sat, 11 Jan 2025JP¥946.1tJP¥1009.6tJP¥61.9t13.5x15.3x0.9x
Mon, 09 Dec 2024JP¥950.3tJP¥1009.5tJP¥61.7t13.4x15.4x0.9x
Wed, 06 Nov 2024JP¥932.1tJP¥1001.4tJP¥59.3t13.2x15.7x0.9x
Fri, 04 Oct 2024JP¥944.1tJP¥999.9tJP¥60.1t13.5x15.7x0.9x
Sun, 01 Sep 2024JP¥956.4tJP¥999.7tJP¥60.0t13.6x15.9x1x
Tue, 30 Jul 2024JP¥970.0tJP¥987.2tJP¥58.6t14.3x16.6x1x
Thu, 27 Jun 2024JP¥962.7tJP¥988.6tJP¥58.6t14.5x16.4x1x
Sat, 25 May 2024JP¥965.9tJP¥988.0tJP¥58.6t14x16.5x1x
Mon, 22 Apr 2024JP¥932.2tJP¥975.0tJP¥57.0t14.2x16.4x1x
Wed, 20 Mar 2024JP¥981.0tJP¥975.9tJP¥56.9t14.7x17.2x1x
Fri, 16 Feb 2024JP¥927.4tJP¥975.3tJP¥56.8t14.2x16.3x1x
Sun, 14 Jan 2024JP¥897.7tJP¥971.1tJP¥52.5t14.5x17.1x0.9x
Tue, 12 Dec 2023JP¥854.2tJP¥974.3tJP¥52.5t14x16.3x0.9x
Thu, 09 Nov 2023JP¥837.9tJP¥974.1tJP¥56.3t13.8x14.9x0.9x
Sat, 07 Oct 2023JP¥824.4tJP¥971.2tJP¥55.2t13.9x14.9x0.8x
Mon, 04 Sep 2023JP¥855.8tJP¥971.1tJP¥55.2t14.3x15.5x0.9x
Wed, 02 Aug 2023JP¥852.6tJP¥962.2tJP¥51.8t14.2x16.5x0.9x
Price to Earnings Ratio

16.5x


Total Market Cap: JP¥852.6tTotal Earnings: JP¥51.8tTotal Revenue: JP¥962.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.7x202420252026
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 19.3x which is higher than its 3-year average PE of 16.7x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 10% per year over the last three years.
  • Revenues for these companies have grown 3.0% 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 Market2.14%
Energy7.59%
Financials7.11%
Industrials2.89%
Utilities2.61%
Tech2.16%
Materials0.95%
Real Estate0.037%
Healthcare-0.082%
Telecom-0.12%
Consumer Staples-0.47%
Consumer Discretionary-0.91%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.9%, which is higher than its past year's earnings growth of 15.3% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 20.0x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 19% 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 10% 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
8306 Mitsubishi UFJ Financial GroupJP¥3.75k8.1%
+JP¥3.2t		74.0%PB2.2xFinancials
285A Kioxia HoldingsJP¥56.01k7.5%
+JP¥2.2t		2,179.6%PE55.4xTech
8411 Mizuho Financial GroupJP¥8.65k9.1%
+JP¥1.8t		90.8%PB1.9xFinancials
8058 MitsubishiJP¥4.92k10.6%
+JP¥1.7t		62.0%PE22.5xIndustrials
8316 Sumitomo Mitsui Financial GroupJP¥7.16k6.5%
+JP¥1.7t		79.7%PB1.5xFinancials
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

6146
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1Y
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4063
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Shin-Etsu Chemical
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8316
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Sumitomo Mitsui Financial Group
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6.5%
1Y
79.7%
6758
JP¥3,409.00
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7182
JP¥3,442.00
JAPAN POST BANK
7D
9.6%
1Y
100.1%
Narrative Update • Jul 24

7182: Higher Dividends And New Plan Will Support Balanced Return Outlook

Analysts have raised their price target for JAPAN POST BANK from ¥2,108 to ¥3,478, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E, which collectively indicate a higher assessed fair value for the stock. What's in the News JAPAN POST BANK announced a year-end dividend of ¥74.00 per share for the fiscal year ended March 31, 2026, compared with ¥58.00 per share paid a year earlier.
8058
JP¥4,918.00
Mitsubishi
7D
10.6%
1Y
62.0%
Narrative Update • Jul 22

8058: Future Returns Will Reflect Major Energy Acquisition And Capital Return Momentum

The analyst fair value estimate for Mitsubishi has been revised from ¥5,242 to ¥5,379. Analysts point to adjustments in discount rate, revenue growth, profit margin, and future P/E assumptions as the key drivers of the new target.
8306
JP¥3,754.00
Mitsubishi UFJ Financial Group
7D
8.1%
1Y
74.0%
Narrative Update • Jul 21

8306: Blockchain Ledger Push And Buybacks Will Still Fail To Sustain Optimism

Analysts have raised their price target for Mitsubishi UFJ Financial Group from ¥2,330 to about ¥2,527, citing updated assumptions related to revenue growth, profit margins, discount rates, and future P/E expectations. What’s in the News for Mitsubishi UFJ Financial Group Mitsubishi UFJ Financial Group appointed Valeria "Val" Strappa as Head of Global Transaction Banking for the Americas, with a focus on commercial growth, digital modernization, and closer alignment with Corporate & Investment Banking across the United States, Canada, and Latin America (source: MUFG news).
8411
JP¥8,652.00
Mizuho Financial Group
7D
9.1%
1Y
90.8%
Narrative Update • Jul 20

8411: Share Repurchases And Higher Margins Will Likely Leave Shares Overstretched

Analysts have raised their fair value estimate for Mizuho Financial Group from ¥4,200 to about ¥5,589, citing updated assumptions that include a lower discount rate, a wider profit margin near 44%, and a modestly higher future P/E multiple. What's in the News Mizuho Financial Group has completed a share repurchase of 5,302,700 shares, about 0.22% of its issued share capital, for ¥39,573.65 million under the buyback announced on May 15, 2026.
8035
JP¥62,660.00
Tokyo Electron
7D
-3.7%
1Y
124.1%
Narrative Update • Jul 16

8035: AI Test Collaboration And Buybacks Will Likely Anchor Fair Future Returns

Analysts have raised their fair value estimate for Tokyo Electron from about ¥60,740 to approximately ¥72,540, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What’s in the News for Tokyo Electron Global stock markets have rebounded after the Dow Jones Industrial Average reached a record high, with Japan’s Nikkei 225 up 1.5% and Tokyo Electron shares up 0.4% as part of a mixed session for chip stocks, according to recent market reports.
285A
JP¥56,010.00
Kioxia Holdings
7D
7.5%
1Y
2,179.6%
6752
JP¥3,883.00
Panasonic Holdings
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-2.8%
1Y
164.7%
Narrative Update • Jul 15

6752: Lithium-Ion And Data Center Batteries Will Drive Long-Term Upside

Analysts have lifted their fair value estimate for Panasonic Holdings to ¥5,320 from ¥4,000, citing updated assumptions around revenue growth, profitability and future P/E, alongside Street research that suggests much of the AI infrastructure story is already reflected in the current share price. What’s in the News for Panasonic Holdings Custom Market Insights projects the global lithium ion battery market to reach about US$468.5b by 2035, with Panasonic Holdings listed among key industry players in energy storage and electric vehicles, driven by government policies and sustainability programs (Custom Market Insights).
9983
JP¥76,220.00
Fast Retailing
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-3.3%
1Y
60.7%
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7974
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Nintendo
7D
-4.5%
1Y
-45.9%
Narrative Update • Jul 09

Nintendo will phase out switch 1 in Europe by 20207

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6981
JP¥8,311.00
Murata Manufacturing
7D
8.9%
1Y
275.6%