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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies3908
  • 7D2.9%
  • 3M4.3%
  • 1Y39.4%
  • YTD10.7%

Over the last 7 days, the market has risen 2.9%, driven by gains of 9.3% in the Information Technology sector. As for the past 12 months, the market is up 39%. Looking forward, earnings are forecast to grow by 10% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026JP¥1297.8tJP¥1043.2tJP¥66.4t14.5x19.5x1.2x
Mon, 06 Apr 2026JP¥1226.5tJP¥1038.4tJP¥65.6t14.4x18.7x1.2x
Wed, 04 Mar 2026JP¥1276.4tJP¥1040.6tJP¥65.7t15x19.4x1.2x
Fri, 30 Jan 2026JP¥1200.1tJP¥1026.6tJP¥64.4t14.7x18.6x1.2x
Sun, 28 Dec 2025JP¥1161.6tJP¥1029.2tJP¥64.3t14.4x18.1x1.1x
Tue, 25 Nov 2025JP¥1121.2tJP¥1031.5tJP¥64.5t13.9x17.4x1.1x
Thu, 23 Oct 2025JP¥1116.2tJP¥1025.7tJP¥59.8t14.6x18.7x1.1x
Sat, 20 Sep 2025JP¥1084.6tJP¥1026.6tJP¥59.8t14.8x18.1x1.1x
Mon, 18 Aug 2025JP¥1064.8tJP¥1022.4tJP¥60.0t14.2x17.8x1x
Wed, 16 Jul 2025JP¥974.0tJP¥1020.9tJP¥62.1t13.5x15.7x1x
Fri, 13 Jun 2025JP¥968.4tJP¥1034.8tJP¥63.7t13.2x15.2x0.9x
Sun, 11 May 2025JP¥954.9tJP¥1026.7tJP¥64.3t13.1x14.9x0.9x
Tue, 08 Apr 2025JP¥803.0tJP¥1020.9tJP¥64.1t11.3x12.5x0.8x
Thu, 06 Mar 2025JP¥946.6tJP¥1019.7tJP¥64.4t13.1x14.7x0.9x
Sat, 01 Feb 2025JP¥969.4tJP¥1010.5tJP¥62.2t13.7x15.6x1x
Mon, 30 Dec 2024JP¥976.9tJP¥1010.9tJP¥61.7t13.7x15.8x1x
Wed, 27 Nov 2024JP¥939.3tJP¥1008.2tJP¥61.7t13.5x15.2x0.9x
Fri, 25 Oct 2024JP¥925.6tJP¥1001.6tJP¥60.1t13.1x15.4x0.9x
Sun, 22 Sep 2024JP¥932.2tJP¥1000.0tJP¥60.1t13.4x15.5x0.9x
Tue, 20 Aug 2024JP¥929.4tJP¥998.4tJP¥59.9t13.2x15.5x0.9x
Thu, 18 Jul 2024JP¥1021.2tJP¥987.5tJP¥58.6t14.7x17.4x1x
Sat, 15 Jun 2024JP¥967.0tJP¥988.9tJP¥58.6t14.2x16.5x1x
Mon, 13 May 2024JP¥963.5tJP¥980.3tJP¥57.4t14.5x16.8x1x
Wed, 10 Apr 2024JP¥979.5tJP¥975.8tJP¥56.9t14.8x17.2x1x
Fri, 08 Mar 2024JP¥969.7tJP¥975.8tJP¥56.9t14.5x17x1x
Sun, 04 Feb 2024JP¥912.1tJP¥971.3tJP¥53.3t14.7x17.1x0.9x
Tue, 02 Jan 2024JP¥855.2tJP¥971.2tJP¥52.5t14.1x16.3x0.9x
Thu, 30 Nov 2023JP¥859.0tJP¥977.7tJP¥53.1t14.1x16.2x0.9x
Sat, 28 Oct 2023JP¥821.6tJP¥972.1tJP¥55.2t13.7x14.9x0.8x
Mon, 25 Sep 2023JP¥863.7tJP¥971.4tJP¥55.3t14.4x15.6x0.9x
Wed, 23 Aug 2023JP¥819.0tJP¥970.8tJP¥55.2t13.8x14.8x0.8x
Fri, 21 Jul 2023JP¥826.3tJP¥957.7tJP¥50.6t14x16.3x0.9x
Sun, 18 Jun 2023JP¥839.7tJP¥959.3tJP¥51.1t13.9x16.4x0.9x
Tue, 16 May 2023JP¥776.0tJP¥951.5tJP¥49.1t13.4x15.8x0.8x
Price to Earnings Ratio

15.8x


Total Market Cap: JP¥776.0tTotal Earnings: JP¥49.1tTotal Revenue: JP¥951.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.5x202420252026
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 19.5x which is higher than its 3-year average PE of 16.5x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 11% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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 Market2.87%
Tech9.30%
Materials4.93%
Telecom4.55%
Industrials2.88%
Consumer Discretionary0.98%
Utilities0.64%
Financials0.53%
Consumer Staples-0.27%
Real Estate-0.54%
Healthcare-1.12%
Energy-4.30%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings growth of 12.0% 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 Tech sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 8.7% 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¥44.49k22.2%
+JP¥4.4t		2,074.5%PE145.5xTech
9984 SoftBank GroupJP¥6.13k13.0%
+JP¥4.0t		230.6%PE9.5xTelecom
8035 Tokyo ElectronJP¥52.45k10.5%
+JP¥2.3t		132.5%PE41.2xTech
6861 KeyenceJP¥84.17k10.1%
+JP¥1.9t		33.4%PE45.9xTech
6857 AdvantestJP¥29.89k7.4%
+JP¥1.5t		346.4%PE57.7xTech
See more

Market Insights

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Latest News

285A
JP¥44,490.00
Kioxia Holdings
7D
22.2%
1Y
2,074.5%
7011
JP¥4,510.00
Mitsubishi Heavy Industries
7D
-1.7%
1Y
65.1%
5802
JP¥11,305.00
Sumitomo Electric Industries
7D
14.2%
1Y
363.0%
8002
JP¥5,418.00
Marubeni
7D
-5.9%
1Y
97.4%
Analysis Article • 19h

Marubeni's (TSE:8002) Promising Earnings May Rest On Soft Foundations

Last week's profit announcement from Marubeni Corporation ( TSE:8002 ) was underwhelming for investors, despite...
7203
JP¥2,913.00
Toyota Motor
7D
-2.9%
1Y
7.1%
9432
JP¥150.20
NTT
7D
-1.2%
1Y
-2.3%
4519
JP¥7,900.00
Chugai Pharmaceutical
7D
-4.2%
1Y
-3.9%
Narrative Update • May 08

4519: Gene Therapy Rollout Will Drive Long Term Upside Potential

Analysts have trimmed their price target for Chugai Pharmaceutical from ¥13,297 to ¥12,801. This reflects updated assumptions for slightly higher revenue growth, a modestly lower profit margin, and a small change in the projected P/E multiple and discount rate.
9984
JP¥6,131.00
SoftBank Group
7D
13.0%
1Y
230.6%
8035
JP¥52,450.00
Tokyo Electron
7D
10.5%
1Y
132.5%
Analysis Article • May 07

We Think That There Are Some Issues For Tokyo Electron (TSE:8035) Beyond Its Promising Earnings

The market for Tokyo Electron Limited's ( TSE:8035 ) stock was strong after it released a healthy earnings report last...
6861
JP¥84,170.00
Keyence
7D
10.1%
1Y
33.4%
8031
JP¥5,560.00
Mitsui
7D
-3.6%
1Y
92.2%
1605
JP¥3,788.00
Inpex
7D
-8.0%
1Y
107.1%
Narrative Update • May 01

1605: Beetaloo Gas Development And Stable Cash Flows Will Support Future Returns

Analysts have maintained Inpex's fair value estimate at ¥5,000, making only very small adjustments to growth, margin and future P/E assumptions. As a result, the headline price target remains unchanged, although the underlying model inputs have been slightly refined.
6981
JP¥5,850.00
Murata Manufacturing
7D
13.9%
1Y
188.2%
6857
JP¥29,885.00
Advantest
7D
7.4%
1Y
346.4%
Analysis Article • Apr 29

Advantest Corporation Just Beat EPS By 12%: Here's What Analysts Think Will Happen Next

Advantest Corporation ( TSE:6857 ) investors will be delighted, with the company turning in some strong numbers with...
2914
JP¥5,769.00
Japan Tobacco
7D
-2.0%
1Y
26.3%
Narrative Update • Apr 26

2914: Future Dividend Guidance And Earnings Outlook Will Support Balanced Returns

Analysts have nudged their price target on Japan Tobacco slightly higher to about ¥6,132 from roughly ¥6,107, reflecting updated assumptions for revenue growth, profit margins and future P/E that point to a modestly adjusted outlook. What's in the News Japan Tobacco provided dividend guidance for the second quarter of the fiscal year ending December 31, 2026, with an expected dividend of ¥121.00 per share, compared with ¥104.00 per share a year earlier (company guidance).
5803
JP¥6,582.00
Fujikura
7D
13.3%
1Y
558.7%