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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies3977
  • 7D-1.9%
  • 3M-2.1%
  • 1Y16.4%
  • YTD12.2%

Over the last 7 days, the market has dropped 1.9%, driven by a decline of 3.4% in the Consumer Discretionary sector. In the last year, the market is actually up 16%. Looking forward, earnings are forecast to grow by 8.9% 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, 19 Jun 2024JP¥957.5tJP¥989.0tJP¥58.6t14.1x16.3x1x
Fri, 17 May 2024JP¥967.1tJP¥982.2tJP¥58.2t14.1x16.6x1x
Sun, 14 Apr 2024JP¥979.0tJP¥974.7tJP¥56.9t14.8x17.2x1x
Tue, 12 Mar 2024JP¥951.7tJP¥975.9tJP¥56.9t14.4x16.7x1x
Thu, 08 Feb 2024JP¥912.9tJP¥970.5tJP¥54.2t14.7x16.8x0.9x
Sat, 06 Jan 2024JP¥863.1tJP¥971.1tJP¥52.4t14.3x16.5x0.9x
Mon, 04 Dec 2023JP¥863.8tJP¥977.5tJP¥53.1t14.2x16.3x0.9x
Wed, 01 Nov 2023JP¥821.2tJP¥971.7tJP¥55.4t13.7x14.8x0.8x
Fri, 29 Sep 2023JP¥853.7tJP¥971.5tJP¥55.3t14.4x15.4x0.9x
Sun, 27 Aug 2023JP¥827.5tJP¥971.1tJP¥55.2t13.9x15x0.9x
Tue, 25 Jul 2023JP¥833.5tJP¥957.9tJP¥50.6t14.1x16.5x0.9x
Thu, 22 Jun 2023JP¥838.6tJP¥959.3tJP¥51.1t14x16.4x0.9x
Sat, 20 May 2023JP¥791.4tJP¥959.6tJP¥50.9t13.5x15.5x0.8x
Mon, 17 Apr 2023JP¥742.9tJP¥935.1tJP¥46.6t13x15.9x0.8x
Wed, 15 Mar 2023JP¥717.8tJP¥933.6tJP¥46.7t12.6x15.4x0.8x
Fri, 10 Feb 2023JP¥731.2tJP¥918.6tJP¥47.6t12.7x15.3x0.8x
Sun, 08 Jan 2023JP¥694.0tJP¥902.1tJP¥49.1t12x14.1x0.8x
Tue, 06 Dec 2022JP¥722.7tJP¥902.7tJP¥49.1t12.4x14.7x0.8x
Thu, 03 Nov 2022JP¥721.4tJP¥877.2tJP¥45.8t12.4x15.7x0.8x
Sat, 01 Oct 2022JP¥686.3tJP¥863.3tJP¥45.6t12.2x15x0.8x
Mon, 29 Aug 2022JP¥738.1tJP¥864.2tJP¥45.6t12.8x16.2x0.9x
Wed, 27 Jul 2022JP¥724.7tJP¥837.2tJP¥48.2t12.8x15x0.9x
Fri, 24 Jun 2022JP¥690.0tJP¥839.2tJP¥49.5t12.2x13.9x0.8x
Sun, 22 May 2022JP¥698.4tJP¥836.8tJP¥49.5t12.2x14.1x0.8x
Tue, 19 Apr 2022JP¥704.4tJP¥819.0tJP¥51.1t12.3x13.8x0.9x
Thu, 17 Mar 2022JP¥693.7tJP¥821.6tJP¥51.1t12.1x13.6x0.8x
Sat, 12 Feb 2022JP¥734.4tJP¥818.8tJP¥50.0t12.6x14.7x0.9x
Mon, 10 Jan 2022JP¥749.5tJP¥802.5tJP¥48.4t13x15.5x0.9x
Wed, 08 Dec 2021JP¥735.3tJP¥799.9tJP¥48.4t13x15.2x0.9x
Fri, 05 Nov 2021JP¥779.4tJP¥794.2tJP¥46.4t14.3x16.8x1x
Sun, 03 Oct 2021JP¥754.6tJP¥786.4tJP¥44.6t14.4x16.9x1x
Tue, 31 Aug 2021JP¥745.0tJP¥788.7tJP¥44.6t14.7x16.7x0.9x
Wed, 07 Jul 2021JP¥740.1tJP¥788.5tJP¥44.6t14.7x16.6x0.9x
Price to Earnings Ratio

16.6x


Total Market Cap: JP¥740.1tTotal Earnings: JP¥44.6tTotal Revenue: JP¥788.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 17.4x202220232024
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 17.4x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 9.5% per year over the last three years.
  • Revenues for these companies have grown 7.8% 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-1.93%
Tech0.28%
Telecom0.21%
Consumer Staples-1.09%
Energy-1.27%
Materials-1.41%
Industrials-1.75%
Real Estate-2.55%
Consumer Discretionary-3.41%
Financials-3.42%
Healthcare-3.45%
Utilities-3.60%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings growth of 7.8% 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 14% over the next 5 years.
  • This is better than its past earnings growth rate of 6.2% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 7.0% 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¥10.13k4.7%
+JP¥668.5b		51.3%PS2.2xTelecom
6981 Murata ManufacturingJP¥3.31k9.0%
+JP¥512.9b		18.3%PE34.4xTech
6762 TDKJP¥9.42k12.6%
+JP¥401.0b		67.5%PE28.7xTech
7011 Mitsubishi Heavy IndustriesJP¥1.56k8.2%
+JP¥398.3b		128.7%PE23.7xIndustrials
6146 DiscoJP¥63.55k5.2%
+JP¥342.4b		174.2%PE81.8xTech
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