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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies3938
  • 7D-1.2%
  • 3M10.1%
  • 1Y30.9%
  • YTD4.0%

Over the last 7 days, the market has dropped 1.2%, driven by declines in the Financials and Consumer Discretionary sectors of 3.3% and 2.6%, respectively. In the last year, the market is actually up 31%. As for the next few years, earnings are expected to grow by 8.9% 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
Sat, 24 Jan 2026JP¥1223.6tJP¥1027.4tJP¥64.4t15x19x1.2x
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
Fri, 07 Apr 2023JP¥722.1tJP¥934.0tJP¥46.6t12.7x15.5x0.8x
Sun, 05 Mar 2023JP¥742.6tJP¥933.7tJP¥46.7t12.9x15.9x0.8x
Tue, 31 Jan 2023JP¥730.8tJP¥904.2tJP¥49.1t12.5x14.9x0.8x
Price to Earnings Ratio

14.9x


Total Market Cap: JP¥730.8tTotal Earnings: JP¥49.1tTotal Revenue: JP¥904.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.1x202420252026
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 16.1x.
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 4.4% 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 Market-1.15%
Tech1.55%
Utilities1.40%
Materials0.74%
Consumer Staples0.64%
Telecom-0.028%
Industrials-1.05%
Energy-1.80%
Real Estate-2.61%
Consumer Discretionary-2.62%
Healthcare-2.78%
Financials-3.27%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 24.4x.
    • Analysts expect its future annual earnings growth (15.0%) 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 7.2% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 4.8% 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
9984 SoftBank GroupJP¥4.27k6.6%
+JP¥1.5t		61.9%PE8xTelecom
285A Kioxia HoldingsJP¥17.34k17.5%
+JP¥1.5t		855.1%PE60.8xTech
4519 Chugai PharmaceuticalJP¥8.75k6.1%
+JP¥824.5b		34.6%PE36.3xHealthcare
6146 DiscoJP¥67.95k12.1%
+JP¥797.0b		43.3%PE56.1xTech
6857 AdvantestJP¥23.53k3.2%
+JP¥530.9b		134.1%PE65.4xTech
See more

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