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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies3980
  • 7D1.5%
  • 3M3.2%
  • 1Y24.5%
  • YTD18.0%

The market is up 1.5% in the last 7 days, led by the Information Technology and Industrials sectors. In contrast, the Utilities sector is lagging, dropping 3.3%. As for the past 12 months, the market is up 25%. 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
Tue, 09 Jul 2024JP¥1003.4tJP¥986.1tJP¥58.3t14.4x17.2x1x
Thu, 06 Jun 2024JP¥966.9tJP¥989.6tJP¥58.6t14.1x16.5x1x
Sat, 04 May 2024JP¥965.4tJP¥974.7tJP¥56.4t14.4x17.1x1x
Mon, 01 Apr 2024JP¥987.0tJP¥975.9tJP¥56.9t14.9x17.4x1x
Wed, 28 Feb 2024JP¥957.7tJP¥975.7tJP¥56.9t14.4x16.8x1x
Fri, 26 Jan 2024JP¥909.5tJP¥971.4tJP¥52.5t14.8x17.3x0.9x
Sun, 24 Dec 2023JP¥844.7tJP¥971.2tJP¥52.5t13.9x16.1x0.9x
Tue, 21 Nov 2023JP¥859.0tJP¥977.0tJP¥52.9t13.9x16.2x0.9x
Thu, 19 Oct 2023JP¥833.6tJP¥971.7tJP¥55.2t13.9x15.1x0.9x
Sat, 16 Sep 2023JP¥873.9tJP¥971.2tJP¥55.2t14.4x15.8x0.9x
Mon, 14 Aug 2023JP¥839.5tJP¥970.5tJP¥55.1t14x15.2x0.9x
Wed, 12 Jul 2023JP¥817.5tJP¥957.2tJP¥50.6t13.9x16.2x0.9x
Fri, 09 Jun 2023JP¥800.9tJP¥959.1tJP¥51.1t13.5x15.7x0.8x
Sun, 07 May 2023JP¥762.5tJP¥941.9tJP¥47.9t13.4x15.9x0.8x
Tue, 04 Apr 2023JP¥742.1tJP¥933.9tJP¥46.6t13x15.9x0.8x
Thu, 02 Mar 2023JP¥735.2tJP¥933.6tJP¥46.7t12.8x15.7x0.8x
Sat, 28 Jan 2023JP¥730.6tJP¥903.9tJP¥49.1t12.5x14.9x0.8x
Mon, 26 Dec 2022JP¥703.0tJP¥903.1tJP¥49.1t12.1x14.3x0.8x
Wed, 23 Nov 2022JP¥739.5tJP¥902.7tJP¥49.1t12.7x15.1x0.8x
Fri, 21 Oct 2022JP¥706.5tJP¥865.1tJP¥45.7t12.3x15.5x0.8x
Sun, 18 Sep 2022JP¥722.0tJP¥863.4tJP¥45.6t12.5x15.8x0.8x
Tue, 16 Aug 2022JP¥739.0tJP¥863.8tJP¥45.5t12.7x16.2x0.9x
Thu, 14 Jul 2022JP¥704.4tJP¥835.4tJP¥48.1t12.5x14.6x0.8x
Sat, 11 Jun 2022JP¥721.7tJP¥838.7tJP¥49.5t12.5x14.6x0.9x
Mon, 09 May 2022JP¥713.6tJP¥824.4tJP¥52.2t12.4x13.7x0.9x
Wed, 06 Apr 2022JP¥730.2tJP¥818.4tJP¥50.9t12.6x14.3x0.9x
Fri, 04 Mar 2022JP¥705.7tJP¥821.4tJP¥51.1t12.3x13.8x0.9x
Sun, 30 Jan 2022JP¥703.7tJP¥805.5tJP¥48.6t12.2x14.5x0.9x
Tue, 28 Dec 2021JP¥745.2tJP¥800.1tJP¥48.4t13.1x15.4x0.9x
Thu, 25 Nov 2021JP¥765.1tJP¥800.5tJP¥48.7t13.4x15.7x1x
Sat, 23 Oct 2021JP¥759.5tJP¥787.6tJP¥44.9t14.3x16.9x1x
Mon, 20 Sep 2021JP¥794.7tJP¥785.2tJP¥44.6t15.1x17.8x1x
Wed, 18 Aug 2021JP¥729.8tJP¥788.7tJP¥44.6t14.4x16.3x0.9x
Price to Earnings Ratio

16.4x


Total Market Cap: JP¥732.0tTotal Earnings: JP¥44.6tTotal Revenue: JP¥788.7tTotal 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 9.3% per year over the last three years.
  • Revenues for these companies have grown 7.7% 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 Market1.46%
Healthcare3.88%
Tech3.28%
Telecom2.21%
Industrials1.73%
Real Estate0.93%
Financials0.86%
Consumer Staples0.34%
Consumer Discretionary0.25%
Materials0.09%
Energy-0.19%
Utilities-3.30%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 28.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.3%, 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 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 6.1% 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¥11.73k11.2%
+JP¥1.7t		73.8%PS2.6xTelecom
6861 KeyenceJP¥75.58k6.3%
+JP¥1.1t		14.9%PE49.6xTech
4519 Chugai PharmaceuticalJP¥6.19k9.6%
+JP¥896.7b		61.8%PE31.2xHealthcare
6758 Sony GroupJP¥14.61k4.6%
+JP¥748.0b		15.2%PE18.3xConsumer Discretionary
6098 Recruit HoldingsJP¥9.15k5.4%
+JP¥721.8b		104.2%PE40.2xIndustrials
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4612

JP¥986.30

Nippon Paint Holdings

7D

-5.3%

1Y

-15.0%

7011

JP¥2,045.00

Mitsubishi Heavy Industries

7D

18.0%

1Y

213.2%

6981

JP¥3,574.00

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7D

9.3%

1Y

34.8%

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6501

JP¥3,646.00

Hitachi

7D

-1.9%

1Y

106.2%

6098

JP¥9,010.00

Recruit Holdings

7D

6.4%

1Y

100.8%

9432

JP¥154.30

Nippon Telegraph and Telephone

7D

-1.2%

1Y

-7.5%

6594

JP¥6,902.00

Nidec

7D

-3.1%

1Y

-7.5%

6861

JP¥73,020.00

Keyence

7D

3.1%

1Y

11.7%

9532

JP¥3,329.00

Osaka Gas

7D

-5.0%

1Y

56.1%

4568

JP¥5,830.00

Daiichi Sankyo Company

7D

7.4%

1Y

45.6%

9984

JP¥11,270.00

SoftBank Group

7D

7.3%

1Y

66.5%

7267

JP¥1,700.00

Honda Motor

7D

-3.4%

1Y

20.9%

8035

JP¥36,040.00

Tokyo Electron

7D

3.5%

1Y

81.1%

4519

JP¥6,193.00

Chugai Pharmaceutical

7D

9.6%

1Y

61.8%

8630

JP¥3,417.00

Sompo Holdings

7D

-2.0%

1Y

56.0%

7269

JP¥1,780.00

Suzuki Motor

7D

-2.9%

1Y

32.8%

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