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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedOct 30, 2023
DataAggregated Company Financials
Companies4092
  • 7D0.03%
  • 3M-2.9%
  • 1Y16.9%
  • YTD19.3%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. More promisingly, the market is up 17% over the past year. As for the next few years, earnings are expected to grow by 7.4% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Oct 2023JP¥824.8tJP¥977.3tJP¥55.6t13.7x14.8x0.8x
Thu, 28 Sep 2023JP¥868.1tJP¥976.8tJP¥55.4t14.5x15.7x0.9x
Sat, 26 Aug 2023JP¥830.3tJP¥976.4tJP¥55.4t13.9x15x0.9x
Mon, 24 Jul 2023JP¥829.1tJP¥963.2tJP¥50.8t14x16.3x0.9x
Wed, 21 Jun 2023JP¥837.0tJP¥962.5tJP¥51.2t14x16.3x0.9x
Fri, 19 May 2023JP¥791.8tJP¥962.6tJP¥51.1t13.5x15.5x0.8x
Sun, 16 Apr 2023JP¥744.8tJP¥938.1tJP¥46.7t13x15.9x0.8x
Tue, 14 Mar 2023JP¥738.2tJP¥936.6tJP¥46.8t12.8x15.8x0.8x
Thu, 09 Feb 2023JP¥731.3tJP¥919.2tJP¥47.9t12.6x15.3x0.8x
Sat, 07 Jan 2023JP¥695.3tJP¥904.2tJP¥49.2t12x14.1x0.8x
Mon, 05 Dec 2022JP¥725.1tJP¥903.8tJP¥49.1t12.5x14.8x0.8x
Wed, 02 Nov 2022JP¥722.6tJP¥872.7tJP¥45.8t12.4x15.8x0.8x
Fri, 30 Sep 2022JP¥698.7tJP¥864.5tJP¥45.7t12.3x15.3x0.8x
Sun, 28 Aug 2022JP¥738.1tJP¥864.2tJP¥45.6t12.9x16.2x0.9x
Tue, 26 Jul 2022JP¥724.7tJP¥837.2tJP¥48.2t12.8x15x0.9x
Thu, 23 Jun 2022JP¥689.5tJP¥839.2tJP¥49.5t12.2x13.9x0.8x
Sat, 21 May 2022JP¥698.6tJP¥836.7tJP¥49.5t12.2x14.1x0.8x
Mon, 18 Apr 2022JP¥710.3tJP¥819.0tJP¥51.1t12.3x13.9x0.9x
Wed, 16 Mar 2022JP¥684.1tJP¥821.6tJP¥51.1t12x13.4x0.8x
Fri, 11 Feb 2022JP¥734.5tJP¥818.8tJP¥50.0t12.6x14.7x0.9x
Sun, 09 Jan 2022JP¥749.5tJP¥802.5tJP¥48.4t13x15.5x0.9x
Tue, 07 Dec 2021JP¥735.3tJP¥799.9tJP¥48.4t13x15.2x0.9x
Thu, 04 Nov 2021JP¥770.8tJP¥790.9tJP¥45.7t14.2x16.9x1x
Sat, 02 Oct 2021JP¥753.7tJP¥786.3tJP¥44.6t14.4x16.9x1x
Mon, 30 Aug 2021JP¥741.0tJP¥788.7tJP¥44.6t14.6x16.6x0.9x
Tue, 06 Jul 2021JP¥740.1tJP¥788.5tJP¥44.6t14.7x16.6x0.9x
Fri, 09 Apr 2021JP¥742.6tJP¥756.9tJP¥34.9t16.7x21.3x1x
Thu, 31 Dec 2020JP¥686.9tJP¥747.2tJP¥23.4t17.1x29.3x0.9x
Price to Earnings Ratio

28.4x


Total Market Cap: JP¥602.6tTotal Earnings: JP¥21.2tTotal Revenue: JP¥754.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 19.3x202120222023
Current Market PE
  • Investors are pessimistic on the Japanese market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 14.8x which is lower than its 3-year average PE of 19.3x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 38% per year over the last three years.
  • Revenues for these companies have grown 9.0% 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 Market0.03%
Consumer Staples2.20%
Financials1.24%
Materials0.69%
Consumer Discretionary0.20%
Real Estate0.13%
Telecom-0.0036%
Industrials-0.053%
Utilities-0.21%
Energy-0.51%
Healthcare-1.08%
Tech-1.97%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 28.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 12.1%, which is higher than its past year's earnings growth of 1.5% 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 of 1.5x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 4.7% 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
6861 KeyenceJP¥57.31k7.5%
+JP¥967.7b		1.8%PE38.5xTech
6501 HitachiJP¥9.40k7.9%
+JP¥634.2b		39.0%PE12.7xIndustrials
4063 Shin-Etsu ChemicalJP¥4.49k5.5%
+JP¥432.3b		44.5%PE14.5xMaterials
6702 FujitsuJP¥19.03k12.4%
+JP¥395.7b		11.1%PE19.8xTech
4661 Oriental LandJP¥4.73k3.2%
+JP¥240.8b		18.5%PE80.6xConsumer Discretionary
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4063

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6758

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4519

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4568

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7267

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8001

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