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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedOct 09, 2024
DataAggregated Company Financials
Companies3979
  • 7D0.2%
  • 3M-6.5%
  • 1Y15.0%
  • YTD11.8%

Over the last 7 days, the market has risen 3.2%, driven by gains in every sector, especially the Industrials sector. In the last year, the market has climbed 19%. 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
Wed, 09 Oct 2024JP¥948.4tJP¥1000.1tJP¥60.1t13.6x15.8x0.9x
Fri, 06 Sep 2024JP¥924.5tJP¥999.6tJP¥60.1t13.4x15.4x0.9x
Sun, 04 Aug 2024JP¥895.8tJP¥992.3tJP¥58.8t13.1x15.2x0.9x
Tue, 02 Jul 2024JP¥989.2tJP¥985.9tJP¥58.3t14.5x17x1x
Thu, 30 May 2024JP¥964.1tJP¥988.0tJP¥58.6t13.9x16.5x1x
Sat, 27 Apr 2024JP¥952.9tJP¥974.9tJP¥57.2t14.4x16.7x1x
Mon, 25 Mar 2024JP¥1002.4tJP¥976.4tJP¥56.9t14.9x17.6x1x
Wed, 21 Feb 2024JP¥943.7tJP¥976.9tJP¥56.9t14.4x16.6x1x
Fri, 19 Jan 2024JP¥895.5tJP¥971.4tJP¥52.5t14.4x17.1x0.9x
Sun, 17 Dec 2023JP¥845.5tJP¥974.4tJP¥52.5t13.9x16.1x0.9x
Tue, 14 Nov 2023JP¥849.0tJP¥976.8tJP¥52.6t13.9x16.1x0.9x
Thu, 12 Oct 2023JP¥839.4tJP¥971.3tJP¥55.2t14x15.2x0.9x
Sat, 09 Sep 2023JP¥858.7tJP¥971.2tJP¥55.2t14.4x15.5x0.9x
Mon, 07 Aug 2023JP¥829.3tJP¥964.1tJP¥52.6t13.9x15.8x0.9x
Wed, 05 Jul 2023JP¥841.7tJP¥957.1tJP¥50.6t14.1x16.6x0.9x
Fri, 02 Jun 2023JP¥785.6tJP¥958.8tJP¥51.1t13.3x15.4x0.8x
Sun, 30 Apr 2023JP¥756.7tJP¥941.1tJP¥47.8t13.3x15.8x0.8x
Tue, 28 Mar 2023JP¥722.6tJP¥933.8tJP¥46.6t12.8x15.5x0.8x
Thu, 23 Feb 2023JP¥728.5tJP¥934.4tJP¥46.7t12.7x15.6x0.8x
Sat, 21 Jan 2023JP¥710.3tJP¥903.2tJP¥49.0t12.3x14.5x0.8x
Mon, 19 Dec 2022JP¥723.1tJP¥903.1tJP¥49.1t12.4x14.7x0.8x
Wed, 16 Nov 2022JP¥727.9tJP¥899.8tJP¥49.9t12.3x14.6x0.8x
Fri, 14 Oct 2022JP¥692.0tJP¥863.5tJP¥45.7t12.1x15.2x0.8x
Sun, 11 Sep 2022JP¥732.2tJP¥863.1tJP¥45.6t12.7x16.1x0.8x
Tue, 09 Aug 2022JP¥727.3tJP¥856.3tJP¥49.2t12.7x14.8x0.8x
Thu, 07 Jul 2022JP¥693.2tJP¥838.2tJP¥53.3t12.3x13x0.8x
Sat, 04 Jun 2022JP¥717.9tJP¥838.7tJP¥49.5t12.6x14.5x0.9x
Mon, 02 May 2022JP¥709.9tJP¥822.7tJP¥52.0t12.3x13.7x0.9x
Wed, 30 Mar 2022JP¥742.5tJP¥819.3tJP¥51.0t12.7x14.6x0.9x
Fri, 25 Feb 2022JP¥695.5tJP¥821.2tJP¥50.8t12.1x13.7x0.8x
Sun, 23 Jan 2022JP¥722.1tJP¥804.9tJP¥48.5t12.5x14.9x0.9x
Tue, 21 Dec 2021JP¥731.7tJP¥800.0tJP¥48.4t12.8x15.1x0.9x
Thu, 18 Nov 2021JP¥772.8tJP¥800.2tJP¥48.5t13.5x15.9x1x
Sat, 16 Oct 2021JP¥767.6tJP¥787.5tJP¥44.8t14.4x17.1x1x
Price to Earnings Ratio

17.1x


Total Market Cap: JP¥767.6tTotal Earnings: JP¥44.8tTotal Revenue: JP¥787.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 15.6x202220232024
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 15.6x.
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 8.3% 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 Market0.19%
Energy7.25%
Utilities4.17%
Healthcare1.78%
Financials1.06%
Telecom0.48%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.014%
Consumer Discretionary-0.24%
Real Estate-0.24%
Consumer Staples-0.29%
Materials-0.53%
Tech-0.78%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.7%, which is higher than its past year's earnings growth of 8.0% 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 Healthcare sector, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 8.0% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 3.3% 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
6098 Recruit HoldingsJP¥9.47k6.3%
+JP¥836.9b		103.8%PE38.9xIndustrials
8766 Tokio Marine HoldingsJP¥5.63k4.6%
+JP¥477.6b		63.5%PE14.3xFinancials
9983 Fast RetailingJP¥50.14k2.9%
+JP¥438.6b		53.4%PE41.5xConsumer Discretionary
7974 NintendoJP¥8.04k4.4%
+JP¥398.2b		27.4%PE24xTelecom
6857 AdvantestJP¥7.37k7.0%
+JP¥354.4b		71.3%PE70.7xTech
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Market Insights

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🏦 Making Sense of the Financial Sector - Part 1

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Richard Bowman
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In last week’s third-quarter review, we mentioned that financial sector stocks are showing signs of life and beginning to outperform. In the era of ‘easy money’, cloud computing, and AI, the financial sector has taken a back seat for a lot of investors...

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🎢 Another Eventful 3 Months - The Sectors That Excelled In Q3
Last Week

🎢 Another Eventful 3 Months - The Sectors That Excelled In Q3

Latest News

6857

JP¥7,370.00

Advantest

7D

7.0%

1Y

71.3%

Advantest Corporation (TSE:6857) Looks Just Right With A 26% Price Jump

Oct 08
Advantest Corporation (TSE:6857) Looks Just Right With A 26% Price Jump

4063

JP¥6,056.00

Shin-Etsu Chemical

7D

-1.6%

1Y

38.6%

Shin-Etsu Chemical (TSE:4063) Has More To Do To Multiply In Value Going Forward

Oct 07
Shin-Etsu Chemical (TSE:4063) Has More To Do To Multiply In Value Going Forward

9983

JP¥50,140.00

Fast Retailing

7D

2.9%

1Y

53.4%

Fast Retailing (TSE:9983) Seems To Use Debt Rather Sparingly

Oct 06
Fast Retailing (TSE:9983) Seems To Use Debt Rather Sparingly

8306

JP¥1,504.00

Mitsubishi UFJ Financial Group

7D

1.7%

1Y

19.4%

6098

JP¥9,465.00

Recruit Holdings

7D

6.3%

1Y

103.8%

At JP¥8,957, Is It Time To Put Recruit Holdings Co., Ltd. (TSE:6098) On Your Watch List?

Oct 05
At JP¥8,957, Is It Time To Put Recruit Holdings Co., Ltd. (TSE:6098) On Your Watch List?

8001

JP¥7,791.00

ITOCHU

7D

-2.0%

1Y

40.5%

6146

JP¥36,860.00

Disco

7D

-6.4%

1Y

28.8%

6861

JP¥67,630.00

Keyence

7D

-2.6%

1Y

21.4%

7203

JP¥2,568.00

Toyota Motor

7D

-1.1%

1Y

-2.2%

7011

JP¥2,180.00

Mitsubishi Heavy Industries

7D

-4.5%

1Y

168.8%

8035

JP¥25,460.00

Tokyo Electron

7D

-2.2%

1Y

26.7%

Tokyo Electron (TSE:8035) Is Due To Pay A Dividend Of ¥237.00

Sep 25
Tokyo Electron (TSE:8035) Is Due To Pay A Dividend Of ¥237.00

4543

JP¥2,900.50

Terumo

7D

6.4%

1Y

45.8%

4519

JP¥6,895.00

Chugai Pharmaceutical

7D

-2.5%

1Y

51.6%

Chugai Pharmaceutical's (TSE:4519) Dividend Will Be ¥41.00

Sep 24
Chugai Pharmaceutical's (TSE:4519) Dividend Will Be ¥41.00

7974

JP¥8,038.00

Nintendo

7D

4.4%

1Y

27.4%

8766

JP¥5,626.00

Tokio Marine Holdings

7D

4.6%

1Y

63.5%

1605

JP¥2,173.00

Inpex

7D

10.2%

1Y

4.4%

Inpex (TSE:1605) Will Pay A Dividend Of ¥43.00

Sep 08
Inpex (TSE:1605) Will Pay A Dividend Of ¥43.00