Japan Stock Market PBR by Sector
Japan Exchange Group average price-book value ratio (PBR) on a consolidated basis: weighted and simple averages for the Prime, Standard and Growth markets, excluding financials, manufacturing and non-manufacturing, and the weighted average for each of the 33 TSE industry sectors in the Prime Market.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prime Market (weighted average)3 | 1.8 | 1.7 | 1.8 | 1.9 | 1.8 | 1.7 | 1.9 | 1.7 | 1.6 | 1.6 | 1.6 | 1.5 | 1.5 | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | 1.4 | 1.4 | 1.3 | 1.4 | 1.3 | 1.4 | 1.4 | 1.4 | 1.6 | 1.5 | 1.6 | 1.5 | 1.5 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | |
| Prime Market: excluding financials2 | 1.9 | 1.8 | 1.9 | 2 | 1.9 | 1.7 | 2 | 1.8 | 1.7 | 1.7 | 1.7 | 1.6 | 1.6 | 1.5 | 1.5 | 1.5 | 1.4 | 1.4 | 1.4 | 1.5 | 1.5 | 1.4 | 1.5 | 1.4 | 1.5 | 1.5 | 1.5 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 1.5 | 1.5 | 1.4 | 1.5 | 1.5 | |
| Prime Market: manufacturing | 2 | 1.9 | 2.1 | 2.2 | 2 | 1.8 | 2.1 | 1.9 | 1.8 | 1.8 | 1.8 | 1.6 | 1.6 | 1.5 | 1.5 | 1.5 | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 1.8 | 1.8 | 1.8 | 1.8 | 1.7 | 1.5 | 1.6 | 1.4 | 1.5 | 1.5 | |
| Prime Market: non-manufacturing | 1.7 | 1.6 | 1.6 | 1.7 | 1.7 | 1.7 | 1.8 | 1.7 | 1.7 | 1.6 | 1.6 | 1.6 | 1.6 | 1.5 | 1.4 | 1.5 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.5 | 1.6 | 1.6 | 1.6 | 1.5 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | |
| Prime Market by sector (weighted average)33 | ||||||||||||||||||||||||||||||||||||||
| Prime Market: Fishery, agriculture and forestry | 1 | 1 | 1 | 1.1 | 1.1 | 1.2 | 1.3 | 1.1 | 1.1 | 1.1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 0.9 | 0.9 | 0.9 | 1 | 1 | 1 | 1 | 1 | 1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 1 | 1 | 1 | 1 | |
| Prime Market: Mining | 1 | 0.9 | 0.8 | 0.9 | 1.1 | 1.2 | 1 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | |
| Prime Market: Construction | 1.4 | 1.4 | 1.5 | 1.6 | 1.7 | 1.7 | 2 | 1.7 | 1.7 | 1.6 | 1.5 | 1.4 | 1.4 | 1.3 | 1.2 | 1.2 | 1.2 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.2 | 1.1 | 1.2 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | |
| Prime Market: Foods | 1.9 | 1.9 | 2 | 1.9 | 1.9 | 1.9 | 1.9 | 1.7 | 1.7 | 1.8 | 1.7 | 1.7 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.7 | 1.6 | 1.6 | 1.7 | 1.6 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | |
| Prime Market: Textiles and apparels | 1.1 | 1 | 1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.1 | 1 | 1.1 | 1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 0.9 | 0.9 | 0.9 | |
| Prime Market: Pulp and paper | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 | 0.6 | |
| Prime Market: Chemicals | 1.6 | 1.5 | 1.6 | 1.7 | 1.5 | 1.5 | 1.6 | 1.4 | 1.4 | 1.4 | 1.3 | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.3 | 1.3 | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.5 | 1.5 | 1.5 | 1.4 | 1.4 | 1.5 | |
| Prime Market: Pharmaceutical | 2 | 1.9 | 1.9 | 2.2 | 2.2 | 2.3 | 2.6 | 2.3 | 2.2 | 2.2 | 2 | 1.9 | 1.9 | 2 | 1.9 | 1.9 | 2 | 1.9 | 1.9 | 2 | 2.1 | 2.1 | 2.2 | 2.1 | 2.4 | 2.3 | 2.1 | 2.1 | 2.1 | 2.2 | 2.3 | 2.1 | 2 | 2.1 | 2 | 2.1 | 2.2 | |
| Prime Market: Oil and coal products | 0.9 | 0.9 | 0.8 | 1 | 1 | 1.1 | 1.1 | 1 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | |
| Prime Market: Rubber products | 1.3 | 1.3 | 1.1 | 1.1 | 1.1 | 1.1 | 1.3 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1.1 | 1.1 | 1.2 | 1.3 | 1.2 | 1.3 | 1.3 | 1.2 | 1.2 | 1.1 | 1.2 | 1.1 | |
| Prime Market: Glass and ceramics products | 1.4 | 1.4 | 1.7 | 1.8 | 1.5 | 1.3 | 1.6 | 1.3 | 1.2 | 1.2 | 1.1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 1 | 1 | 0.9 | 1 | 1 | |
| Prime Market: Iron and steel | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | |
| Prime Market: Nonferrous metals | 3.1 | 2.6 | 3.5 | 3.9 | 3.9 | 2.9 | 3.5 | 2.4 | 2 | 1.9 | 2 | 1.6 | 1.4 | 1.2 | 1 | 1 | 0.8 | 0.9 | 0.9 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.9 | 1 | 1 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | |
| Prime Market: Metal products | 1.1 | 1.1 | 1.2 | 1.2 | 1 | 0.9 | 1.1 | 1 | 1 | 1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 0.9 | 1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.9 | |
| Prime Market: Machinery | 2.2 | 2.2 | 2.3 | 2.4 | 2.5 | 2.2 | 2.7 | 2.3 | 2 | 2.1 | 2.1 | 1.9 | 1.9 | 1.9 | 1.8 | 1.7 | 1.6 | 1.6 | 1.6 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 1.6 | 1.7 | 1.8 | 2 | 1.9 | 2 | 1.9 | 1.8 | 1.7 | 1.6 | 1.5 | 1.6 | 1.7 | |
| Prime Market: Electric appliances | 3.7 | 3.6 | 4.2 | 4.1 | 3.3 | 2.7 | 3.2 | 3 | 2.8 | 2.7 | 2.8 | 2.4 | 2.2 | 2.2 | 2.2 | 2.2 | 2 | 2.1 | 2.2 | 2.3 | 2.2 | 2.1 | 2.2 | 2.2 | 2.2 | 2.2 | 2.3 | 2.5 | 2.4 | 2.5 | 2.5 | 2.3 | 2.2 | 2.2 | 1.9 | 2 | 2.1 | |
| Prime Market: Transportation equipment | 0.9 | 0.9 | 0.9 | 1 | 1 | 1 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 1 | 1.1 | 1.4 | 1.4 | 1.5 | 1.4 | 1.2 | 1.1 | 1.2 | 1.1 | 1.2 | 1.1 | |
| Prime Market: Precision instruments | 3.2 | 3 | 3.1 | 3.4 | 3.3 | 3.1 | 3.3 | 3.1 | 3 | 3.1 | 3.1 | 2.8 | 2.7 | 2.7 | 2.6 | 2.6 | 2.6 | 2.7 | 2.8 | 3.1 | 3.1 | 3 | 3.2 | 3.1 | 3.1 | 3 | 3 | 3.4 | 3.3 | 3.4 | 3.5 | 3.3 | 3.1 | 3.1 | 2.7 | 2.8 | 3 | |
| Prime Market: Other products | 2.7 | 2.4 | 2.2 | 2.4 | 2.4 | 2.5 | 2.8 | 2.7 | 2.8 | 3.2 | 3.1 | 3.1 | 3.1 | 3 | 3.2 | 2.9 | 2.8 | 2.6 | 2.8 | 2.7 | 2.5 | 2.4 | 2.3 | 2.3 | 2.3 | 2.3 | 2.4 | 2.5 | 2.3 | 2.4 | 2.4 | 2.4 | 2.2 | 2.1 | 2 | 2 | 2.1 | |
| Prime Market: Electric power and gas | 0.8 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 1 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | |
| Prime Market: Land transportation | 1.1 | 1.1 | 1 | 1.1 | 1.1 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | |
| Prime Market: Marine transportation | 1 | 0.8 | 0.7 | 0.8 | 0.8 | 0.9 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.9 | 0.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 1 | 0.9 | 0.9 | 1 | 1 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | |
| Prime Market: Air transportation | 1.1 | 1.1 | 1 | 1.2 | 1.1 | 1.1 | 1.4 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.3 | 1.3 | 1.2 | 1.2 | 1.3 | 1.3 | 1.2 | 1.2 | 1.3 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.5 | 1.6 | 1.7 | |
| Prime Market: Warehousing and harbor transportation services | 1.3 | 1.3 | 1.2 | 1.3 | 1.3 | 1.4 | 1.4 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1 | 0.9 | 0.9 | 1 | 1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 1 | 1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | |
| Prime Market: Information and communication | 1.9 | 1.8 | 1.8 | 2.2 | 2 | 1.8 | 1.9 | 2 | 2 | 2 | 2.3 | 2.1 | 2 | 1.9 | 1.9 | 1.8 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 1.7 | 1.6 | 1.6 | 1.8 | 1.8 | 1.9 | 1.9 | 1.8 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | |
| Prime Market: Wholesale trade | 1.8 | 1.7 | 1.6 | 1.9 | 1.9 | 1.9 | 2.1 | 1.8 | 1.7 | 1.6 | 1.5 | 1.5 | 1.4 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.2 | 1.3 | 1.3 | 1.3 | 1.4 | 1.4 | 1.6 | 1.6 | 1.5 | 1.5 | 1.4 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | |
| Prime Market: Retail trade | 2.6 | 2.7 | 2.7 | 2.7 | 2.6 | 2.6 | 2.8 | 2.6 | 2.6 | 2.6 | 2.5 | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | 2.2 | 2.2 | 2.4 | 2.5 | 2.4 | 2.3 | 2.3 | 2.3 | 2.2 | 2.2 | 2.2 | 2.3 | 2.5 | 2.4 | 2.2 | 2.1 | 2.1 | 2.1 | 2 | 2.1 | |
| Prime Market: Banks | 1.6 | 1.5 | 1.4 | 1.4 | 1.4 | 1.2 | 1.4 | 1.3 | 1.2 | 1.1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.6 | |
| Prime Market: Securities and commodity futures | 1.3 | 1.2 | 1.1 | 1.2 | 1.2 | 1.1 | 1.3 | 1.3 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 0.9 | 0.9 | 0.8 | 0.8 | 0.9 | 1 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 1 | 1 | 1 | 0.9 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | |
| Prime Market: Insurance | 1.6 | 1.6 | 1.4 | 1.6 | 1.7 | 1.7 | 1.8 | 1.5 | 1.5 | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 1.8 | 1.6 | 1.6 | 1.5 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | |
| Prime Market: Other financing business | 1.3 | 1.4 | 1.3 | 1.4 | 1.3 | 1.2 | 1.4 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1.1 | 1.1 | 1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1 | 1.1 | 1 | |
| Prime Market: Real estate | 1.4 | 1.4 | 1.4 | 1.5 | 1.6 | 1.6 | 1.9 | 1.6 | 1.6 | 1.6 | 1.4 | 1.4 | 1.4 | 1.3 | 1.2 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.4 | 1.5 | 1.5 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | |
| Prime Market: Services | 2.1 | 1.8 | 1.6 | 1.7 | 1.4 | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 | 1.6 | 1.6 | 1.6 | 1.5 | 1.5 | 1.6 | 1.8 | 1.7 | 1.7 | 1.7 | 1.6 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.6 | 1.5 | 1.5 | 1.6 | |
| Prime Market (simple average) | 1.6 | 1.5 | 1.6 | 1.6 | 1.6 | 1.5 | 1.7 | 1.5 | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | |
| Standard Market (weighted average)2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 1 | 1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 1 | 1 | 1 | |
| Standard Market: excluding financials2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 1.2 | 1.4 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1 | 1.1 | 1.1 | |
| Standard Market: manufacturing | 1.1 | 1 | 1.1 | 1.1 | 1.1 | 1 | 1.2 | 1 | 1 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | |
| Standard Market: non-manufacturing | 1.4 | 1.3 | 1.3 | 1.4 | 1.4 | 1.4 | 1.6 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.4 | 1.4 | 1.4 | 1.3 | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | 1.4 | 1.3 | |
| Standard Market (simple average) | 0.9 | 0.9 | 0.9 | 1 | 1 | 0.9 | 1 | 1 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | |
| Growth Market (weighted average)2 | 3.8 | 3.4 | 3.2 | 3.8 | 3.6 | 3.5 | 4 | 3.8 | 3.6 | 3.6 | 3.6 | 3.8 | 4 | 3.8 | 3.6 | 3.7 | 3.4 | 3.3 | 3.4 | 3.4 | 3.3 | 3.2 | 3.1 | 3.2 | 3.4 | 3.2 | 3.3 | 3.4 | 3.5 | 3.8 | 4 | 3.7 | 3.6 | 3.8 | 3.6 | 4.1 | 4.3 | |
| Growth Market: excluding financials2 | 3.9 | 3.5 | 3.3 | 3.9 | 3.7 | 3.6 | 4.2 | 3.9 | 3.7 | 3.7 | 3.7 | 4 | 4.1 | 4 | 3.8 | 3.9 | 3.6 | 3.5 | 3.5 | 3.5 | 3.4 | 3.4 | 3.3 | 3.4 | 3.6 | 3.3 | 3.4 | 3.4 | 3.5 | 3.8 | 4 | 3.8 | 3.6 | 3.9 | 3.6 | 4.2 | 4.4 | |
| Growth Market: manufacturing | 5.7 | 4.8 | 5 | 6.2 | 6.1 | 5.2 | 6.1 | 4.8 | 4.1 | 4.5 | 4.5 | 4.6 | 4.7 | 4.5 | 4.4 | 4.5 | 3.7 | 3.8 | 3.3 | 3 | 3 | 2.9 | 3 | 2.9 | 3 | 2.7 | 2.7 | 2.4 | 2.4 | 2.6 | 2.8 | 2.6 | 2.7 | 2.9 | 2.6 | 3.1 | 3.2 | |
| Growth Market: non-manufacturing | 3.6 | 3.2 | 2.9 | 3.4 | 3.2 | 3.2 | 3.8 | 3.7 | 3.6 | 3.6 | 3.6 | 3.8 | 4 | 3.8 | 3.7 | 3.7 | 3.6 | 3.4 | 3.6 | 3.7 | 3.5 | 3.5 | 3.3 | 3.5 | 3.7 | 3.5 | 3.5 | 3.7 | 3.8 | 4.2 | 4.3 | 4 | 3.9 | 4.1 | 3.9 | 4.5 | 4.7 | |
| Growth Market (simple average) | 2.9 | 2.7 | 2.6 | 2.8 | 2.8 | 2.7 | 3.1 | 3.1 | 2.9 | 3 | 3.1 | 3.3 | 3.5 | 3.3 | 3.2 | 3.2 | 3 | 2.9 | 3 | 3 | 2.9 | 2.9 | 2.8 | 2.9 | 3 | 3.1 | 3.1 | 3.1 | 3.2 | 3.5 | 3.6 | 3.5 | 3.3 | 3.5 | 3.3 | 3.8 | 4 |
Latest reading
Prime Market (weighted average) stood at 1.8 times in Aug 2026. That is +5.9% from Jul 2026 and +20.0% from a year earlier. The series on this page is monthly and runs from Apr 2022 to Aug 2026.
- Latest
- 1.8 times
- Aug 2026
- vs previous period
- +5.9%
- Jul 2026
- vs a year earlier
- +20.0%
About this data
Japan Exchange Group average price-book value ratio (PBR) on a consolidated basis: weighted and simple averages for the Prime, Standard and Growth markets, excluding financials, manufacturing and non-manufacturing, and the weighted average for each of the 33 TSE industry sectors in the Prime Market. Monthly from April 2022, when the new market segments started.
