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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJun 21, 2026
DataAggregated Company Financials
Companies3892
  • 7D4.7%
  • 3M13.9%
  • 1Y46.9%
  • YTD18.1%

The market has climbed 4.7% in the last 7 days, lead by the Information Technology sector with a gain of 15%. As for the past 12 months, the market is up 47%. Earnings are forecast to grow by 9.6% 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, 21 Jun 2026JP¥1379.1tJP¥1054.7tJP¥71.3t13.7x19.4x1.3x
Tue, 19 May 2026JP¥1294.8tJP¥1056.6tJP¥71.2t14x18.2x1.2x
Thu, 16 Apr 2026JP¥1272.7tJP¥1038.3tJP¥65.6t14.8x19.4x1.2x
Sat, 14 Mar 2026JP¥1229.8tJP¥1040.3tJP¥65.7t14.7x18.7x1.2x
Mon, 09 Feb 2026JP¥1250.7tJP¥1036.3tJP¥64.7t15x19.3x1.2x
Wed, 07 Jan 2026JP¥1196.2tJP¥1029.1tJP¥64.3t14.6x18.6x1.2x
Fri, 05 Dec 2025JP¥1149.9tJP¥1030.2tJP¥64.5t14.1x17.8x1.1x
Sun, 02 Nov 2025JP¥1137.4tJP¥1028.4tJP¥61.3t14.4x18.6x1.1x
Tue, 30 Sep 2025JP¥1077.8tJP¥1028.6tJP¥59.9t14.7x18x1x
Thu, 28 Aug 2025JP¥1055.6tJP¥1026.5tJP¥59.8t14.4x17.6x1x
Sat, 26 Jul 2025JP¥1014.8tJP¥1020.9tJP¥61.9t13.8x16.4x1x
Mon, 23 Jun 2025JP¥958.7tJP¥1029.2tJP¥63.5t13.2x15.1x0.9x
Wed, 21 May 2025JP¥954.5tJP¥1031.0tJP¥63.7t12.9x15x0.9x
Fri, 18 Apr 2025JP¥886.4tJP¥1021.5tJP¥64.2t12.4x13.8x0.9x
Sun, 16 Mar 2025JP¥945.4tJP¥1020.1tJP¥64.4t13.2x14.7x0.9x
Tue, 11 Feb 2025JP¥954.0tJP¥1017.3tJP¥64.9t13.4x14.7x0.9x
Thu, 09 Jan 2025JP¥964.5tJP¥1011.2tJP¥62.0t13.6x15.6x1x
Sat, 07 Dec 2024JP¥950.4tJP¥1009.2tJP¥61.7t13.4x15.4x0.9x
Mon, 04 Nov 2024JP¥925.9tJP¥1001.9tJP¥59.3t13.2x15.6x0.9x
Wed, 02 Oct 2024JP¥947.1tJP¥1000.0tJP¥60.1t13.5x15.8x0.9x
Fri, 30 Aug 2024JP¥949.1tJP¥999.6tJP¥60.0t13.5x15.8x0.9x
Sun, 28 Jul 2024JP¥949.9tJP¥987.0tJP¥58.5t14.1x16.2x1x
Tue, 25 Jun 2024JP¥966.8tJP¥989.0tJP¥58.6t14.3x16.5x1x
Thu, 23 May 2024JP¥965.3tJP¥988.8tJP¥58.5t14x16.5x1x
Sat, 20 Apr 2024JP¥950.0tJP¥975.0tJP¥57.0t14.4x16.7x1x
Mon, 18 Mar 2024JP¥953.0tJP¥975.9tJP¥56.9t14.5x16.7x1x
Wed, 14 Feb 2024JP¥934.7tJP¥974.2tJP¥56.6t14.5x16.5x1x
Fri, 12 Jan 2024JP¥881.9tJP¥971.1tJP¥52.4t14.5x16.8x0.9x
Sun, 10 Dec 2023JP¥842.6tJP¥974.3tJP¥52.5t13.9x16x0.9x
Tue, 07 Nov 2023JP¥856.8tJP¥972.9tJP¥56.8t14x15.1x0.9x
Thu, 05 Oct 2023JP¥842.2tJP¥971.2tJP¥55.2t13.6x15.3x0.9x
Sat, 02 Sep 2023JP¥855.9tJP¥971.1tJP¥55.2t14.3x15.5x0.9x
Mon, 31 Jul 2023JP¥836.6tJP¥961.3tJP¥51.5t14.1x16.2x0.9x
Wed, 28 Jun 2023JP¥823.1tJP¥957.2tJP¥51.1t13.8x16.1x0.9x
Price to Earnings Ratio

16.1x


Total Market Cap: JP¥823.1tTotal Earnings: JP¥51.1tTotal Revenue: JP¥957.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.6x202420252026
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 19.4x which is higher than its 3-year average PE of 16.6x.
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 3.3% 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 Market4.68%
Tech15.22%
Materials5.11%
Industrials3.89%
Telecom2.51%
Consumer Discretionary1.98%
Financials1.37%
Healthcare0.65%
Consumer Staples-0.0098%
Energy-0.20%
Real Estate-1.00%
Utilities-1.20%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings growth of 14.9% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.8x.
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 15% per year.
  • In contrast, the Telecom 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
285A Kioxia HoldingsJP¥108.60k33.7%
+JP¥15.0t		4,654.8%PE107xTech
6981 Murata ManufacturingJP¥11.75k37.3%
+JP¥5.8t		469.4%PE91.5xTech
9984 SoftBank GroupJP¥7.11k9.9%
+JP¥3.6t		216.8%PE8.1xTelecom
8035 Tokyo ElectronJP¥75.36k10.8%
+JP¥3.3t		214.2%PE59.7xTech
6857 AdvantestJP¥31.74k16.2%
+JP¥3.2t		222.9%PE61.3xTech
See more

Market Insights

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Latest News

5803
JP¥5,161.00
Fujikura
7D
21.3%
1Y
351.4%
Analysis Article • Jun 20

Fujikura (TSE:5803) Stock Looks Pricey After Surprise Guidance Upgrade

Fujikura (TSE:5803) drew fresh attention after unexpectedly lifting its full-year operating income forecast to ¥310 billion, citing stronger pricing, solid AI hyperscaler demand, and reduced hydrogen supply concerns. See our latest analysis for Fujikura. The guidance upgrade has coincided with sharp share price momentum, with Fujikura’s 1-day share price return of 15.69% and 7-day share price return of 21.26% building on a 67.88% year-to-date share price return and a very large 5-year total...
285A
JP¥108,600.00
Kioxia Holdings
7D
33.7%
1Y
4,654.8%
5802
JP¥13,485.00
Sumitomo Electric Industries
7D
22.9%
1Y
371.2%
6758
JP¥3,140.00
Sony Group
7D
-4.6%
1Y
-12.9%
9984
JP¥7,111.00
SoftBank Group
7D
9.9%
1Y
216.8%
8035
JP¥75,360.00
Tokyo Electron
7D
10.8%
1Y
214.2%
Narrative Update • Jun 18

8035: AI Test Push And Buyback Plan Will Likely Restrain Stock Returns

Analysts have lifted their price target for Tokyo Electron stock from about ¥54,382 to roughly ¥60,741, reflecting updated views on fair value, discount rate assumptions, revenue growth and profit margin expectations, as well as a slightly higher future P/E of 33.29x versus 31.39x previously. What’s in the News for Tokyo Electron Teradyne and Tokyo Electron announced an integrated test cell solution that combines Teradyne’s UltraFLEXplus platform with Tokyo Electron’s Prexa SDP to support known good device screening for AI and data center chiplet-based 2.5D and 3D packages, helping customers manage reliability, yield, and quality requirements.
4502
JP¥4,934.00
Takeda Pharmaceutical
7D
-2.9%
1Y
15.1%
8031
JP¥4,716.00
Mitsui
7D
-3.5%
1Y
61.4%
Narrative Update • Jun 17

8031: Completed Buybacks And Revised Assumptions Will Support Stronger Future Returns

Analysts have kept their Mitsui price target steady at ¥7,800. They explained that a slightly higher discount rate and adjusted profit margin outlook are balanced by revised revenue growth expectations and a similar future P/E assumption.
8058
JP¥4,540.00
Mitsubishi
7D
-3.1%
1Y
61.4%
Narrative Update • Jun 16

8058: Future Returns Will Reflect Electric Vehicle Rollout And Capital Return Momentum

The analyst price target for Mitsubishi has been adjusted slightly higher to approximately ¥5,242 from about ¥5,206. This reflects analysts' updated view that a modest change in revenue growth assumptions, together with a slightly higher projected profit margin and a similar future P/E profile, better captures the stock's current risk and return trade off.
9432
JP¥144.40
NTT
7D
-2.4%
1Y
-5.2%
Narrative Update • Jun 16

9432: Space Optical And Data Center Expansion Will Support Future Rerating Potential

Analysts have adjusted their price target on NTT to ¥172.77, reflecting modest tweaks to assumptions around the company’s discount rate, revenue growth, profit margin, and future P/E multiple. What’s in the News MBRYONICS and NTT signed a Memorandum of Understanding to co develop and commercialize coherent optical transceivers for space applications, aiming to create a standardized high speed backbone for the "Internet in Space" and integrate NTT digital signal processing chips into MBRYONICS optical platform.
8766
JP¥7,194.00
Tokio Marine Holdings
7D
-1.8%
1Y
24.3%
Narrative Update • Jun 15

8766: Share Buybacks And Berkshire Partnership Are Expected To Support Future Returns

Analysts have lifted their price target for Tokio Marine Holdings from ¥8,154 to ¥8,249, citing updated assumptions around revenue growth, profit margins, and a slightly higher future P/E multiple. What's in the News Tokio Marine has launched a large scale share buyback program of up to ¥200b, authorizing repurchases of as many as 130,000,000 common shares between May 21, 2023 and December 23, 2026, with the stated aim of improving capital efficiency and returning cash to shareholders.
6857
JP¥31,740.00
Advantest
7D
16.2%
1Y
222.9%
6981
JP¥11,750.00
Murata Manufacturing
7D
37.3%
1Y
469.4%
4062
JP¥24,560.00
IbidenLtd
7D
28.6%
1Y
720.3%
9766
JP¥17,430.00
Konami Group
7D
-8.0%
1Y
-20.0%
6178
JP¥2,240.50
Japan Post Holdings
7D
-3.3%
1Y
69.5%
Analysis Article • May 22

Analyst Forecasts Just Became More Bearish On Japan Post Holdings Co., Ltd. (TSE:6178)

Market forces rained on the parade of Japan Post Holdings Co., Ltd. ( TSE:6178 ) shareholders today, when the analysts...