Japan Stock Market PER by Sector
Japan Exchange Group average price-earnings ratio (PER) 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 | 20.8 | 20.1 | 20.4 | 21.8 | 20.4 | 19.2 | 21.8 | 19.8 | 18.9 | 18.8 | 18.6 | 17.5 | 17.2 | 16.5 | 16 | 17.3 | 16.5 | 16.4 | 16.6 | 17.2 | 17.2 | 16.5 | 16.7 | 16.4 | 16.8 | 17.3 | 17.4 | 19.9 | 19.9 | 20.2 | 19.5 | 18.6 | 17.3 | 17.4 | 16.5 | 17 | 17.1 | |
| Prime Market: excluding financials2 | 22.1 | 21.3 | 22 | 22.7 | 21.3 | 20 | 22.7 | 20.6 | 19.9 | 19.8 | 19.8 | 18.4 | 18.1 | 17.4 | 17 | 17.6 | 16.9 | 16.6 | 16.9 | 17.6 | 17.6 | 16.9 | 17.3 | 17.1 | 17.5 | 17.8 | 17.9 | 20.1 | 20.2 | 20.5 | 19.9 | 19 | 17.8 | 17.8 | 16.8 | 17.4 | 17.6 | |
| Prime Market: manufacturing | 27.7 | 26.7 | 28.9 | 26.2 | 24 | 21.7 | 25.8 | 23.2 | 21.8 | 21.8 | 21.7 | 19.8 | 19.3 | 18.9 | 18.3 | 18 | 17.3 | 17.2 | 17.4 | 18.2 | 18.1 | 17.2 | 17.8 | 17.5 | 17.9 | 18.4 | 18.8 | 21.9 | 21.9 | 22.3 | 21.7 | 20.5 | 19 | 19.2 | 17.8 | 18.6 | 18.8 | |
| Prime Market: non-manufacturing | 16.7 | 16 | 15.4 | 18.6 | 18.1 | 17.9 | 19.1 | 17.7 | 17.6 | 17.5 | 17.5 | 16.7 | 16.7 | 15.7 | 15.4 | 17.1 | 16.4 | 15.9 | 16.2 | 16.8 | 16.9 | 16.5 | 16.6 | 16.5 | 16.8 | 16.9 | 16.7 | 17.7 | 17.9 | 18.3 | 17.6 | 17.2 | 16.2 | 16 | 15.5 | 15.9 | 16.1 | |
| Prime Market by sector (weighted average)33 | ||||||||||||||||||||||||||||||||||||||
| Prime Market: Fishery, agriculture and forestry | 12.2 | 12.4 | 12.3 | 13.4 | 13.1 | 14.1 | 15.5 | 13.7 | 12.9 | 13.2 | 11.9 | 11.7 | 11.3 | 9.8 | 9.7 | 10.3 | 10.4 | 10.6 | 10.4 | 10.4 | 10.4 | 10.5 | 10.6 | 10.7 | 10.5 | 11.9 | 11.5 | 13.7 | 14.2 | 14.3 | 14 | 13.2 | 12.9 | 12.9 | 12.7 | 13 | 13 | |
| Prime Market: Mining | 12.6 | 11.4 | 10.3 | 10.8 | 12.5 | 14 | 11.2 | 10 | 8.8 | 9.2 | 7.9 | 7.6 | 7.1 | 6.1 | 5.8 | 5.9 | 5.5 | 6.2 | 7.4 | 6.4 | 6.7 | 6.7 | 6.8 | 6.5 | 7.2 | 7.8 | 7.9 | 7.7 | 7.5 | 7.4 | 5.6 | 6.2 | 5.7 | 6.3 | 6.4 | 6.7 | 6 | |
| Prime Market: Construction | 12.4 | 12.5 | 13.3 | 16.9 | 17.9 | 17.6 | 20.8 | 17.7 | 17 | 16.9 | 15.3 | 14.5 | 14.4 | 13.3 | 12.7 | 15.2 | 14.9 | 14.2 | 14.4 | 14.6 | 14.7 | 14.3 | 14 | 14.3 | 14.1 | 14.4 | 13.6 | 14.3 | 14.6 | 14.8 | 13.7 | 13.8 | 12.8 | 12.6 | 12.7 | 12.8 | 12.6 | |
| Prime Market: Foods | 24.7 | 24.2 | 23.4 | 24.3 | 24 | 23.7 | 29.9 | 27.3 | 26.9 | 27.9 | 26.5 | 26 | 25.6 | 24.7 | 24.5 | 23.8 | 23.6 | 22.7 | 18.2 | 18.8 | 19.5 | 19.6 | 20 | 19.8 | 19.6 | 20.6 | 19.8 | 22.5 | 22.5 | 22.2 | 23.2 | 23.4 | 22.2 | 22.6 | 22.2 | 21.9 | 21.9 | |
| Prime Market: Textiles and apparels | 38.3 | 35.7 | 35 | 17.9 | 17.2 | 19.1 | 22.4 | 19.8 | 18.5 | 19.4 | 18.3 | 18.5 | 18.7 | 18.8 | 17.9 | 34.9 | 31.5 | 33.7 | 33.1 | 35.7 | 34 | 32.8 | 30.6 | 31 | 29.6 | 30.5 | 29.6 | 24.3 | 25.2 | 25.5 | 23.5 | 24.7 | 24.4 | 25.3 | 24 | 25.3 | 25 | |
| Prime Market: Pulp and paper | 16.4 | 16 | 14.7 | 18.3 | 17.9 | 18.4 | 21.1 | 19 | 18.1 | 17.4 | 16.1 | 16.9 | 16.9 | 15.8 | 15.2 | 10.9 | 11.2 | 10.8 | 10.9 | 11.3 | 11.1 | 10.7 | 11 | 11.4 | 11.4 | 11.5 | 11.4 | 94 | 98.8 | 107.4 | 104.8 | 104.7 | 101 | 100.4 | 106.2 | 105.1 | 99.3 | |
| Prime Market: Chemicals | 23.5 | 22 | 23.2 | 23.3 | 21.2 | 20 | 22.1 | 19.3 | 18.5 | 18.5 | 18.2 | 18.2 | 17.9 | 17.4 | 17 | 20.1 | 19.1 | 19.5 | 21.4 | 22.2 | 23 | 23 | 24.4 | 24.8 | 24.7 | 25.5 | 25.2 | 21.8 | 21.8 | 22.1 | 20.5 | 20 | 19.5 | 19 | 18 | 18.3 | 19 | |
| Prime Market: Pharmaceutical | 25.3 | 24.4 | 24.6 | 26.2 | 26.5 | 28 | 31.4 | 27.4 | 26.7 | 26.9 | 24 | 23.1 | 23.4 | 23.9 | 23.5 | 30.7 | 31.3 | 29.7 | 37.8 | 39 | 39.8 | 40.2 | 43.1 | 40.8 | 45.7 | 43.8 | 40.1 | 29.1 | 29.5 | 29.7 | 29.4 | 27.9 | 26.4 | 27.2 | 26 | 27.8 | 28.1 | |
| Prime Market: Oil and coal products | 12.3 | 11.9 | 10.8 | 15.7 | 16 | 17.5 | 18.1 | 16 | 14 | 13.7 | 12.7 | 12.3 | 11.9 | 11.1 | 10 | 5.9 | 6.3 | 7.3 | 7.3 | 7.4 | 7.6 | 7.3 | 7.4 | 7.4 | 7.6 | 7.5 | 7.8 | 10.1 | 9.6 | 9.7 | 8.6 | 7.9 | 7.3 | 7.6 | 7 | 7.2 | 6.7 | |
| Prime Market: Rubber products | 14.6 | 14.3 | 12.7 | 12.8 | 12.1 | 11.9 | 17.5 | 16.2 | 16.3 | 16.3 | 15 | 15 | 14.7 | 13.2 | 12.6 | 13.2 | 12.6 | 12.8 | 11 | 10.9 | 10.5 | 10.2 | 10.4 | 10.3 | 10.6 | 11.5 | 11.7 | 12.9 | 13.3 | 12.8 | 15.2 | 15 | 13.6 | 14.2 | 13 | 13.6 | 13.2 | |
| Prime Market: Glass and ceramics products | 18.7 | 19.3 | 23.3 | 26.9 | 23.3 | 19.7 | 52.2 | 43.1 | 39.4 | 39.4 | 36 | 34.3 | 33.2 | 32.5 | 30.2 | 27.8 | 26.8 | 27.4 | 14.2 | 15 | 15.6 | 15.3 | 15.4 | 15.5 | 15.5 | 16.2 | 16 | 26.6 | 27.4 | 26.8 | 27.9 | 26.3 | 24.4 | 24.7 | 23.9 | 24.4 | 24.7 | |
| Prime Market: Iron and steel | 21.8 | 21.5 | 19.3 | 10.3 | 10.1 | 10.3 | 11.7 | 11.2 | 10.8 | 10.6 | 10.2 | 10 | 10.2 | 9.5 | 9 | 6.4 | 6.4 | 6.7 | 6.9 | 6.7 | 6.5 | 6.3 | 6.4 | 6.5 | 6.7 | 6.9 | 7 | 6.8 | 6.8 | 7.1 | 7 | 6.8 | 6.2 | 6.4 | 6.1 | 6.4 | 6.3 | |
| Prime Market: Nonferrous metals | 25.9 | 22.3 | 29.2 | 54.8 | 54.5 | 41.2 | 50 | 33.8 | 28.7 | 27.5 | 28.5 | 22.5 | 20.3 | 17 | 14.2 | 17.1 | 14.4 | 17.1 | 18 | 19.4 | 19.3 | 18.4 | 17.8 | 17 | 16.6 | 16.2 | 17 | 15.3 | 14.6 | 13.4 | 12.4 | 11.8 | 11.2 | 11.3 | 10.6 | 11.2 | 11.3 | |
| Prime Market: Metal products | 21.6 | 20.3 | 21.7 | 22.9 | 19.6 | 18 | 18.7 | 17.1 | 17 | 16.6 | 17 | 16.7 | 16.7 | 15.5 | 15.3 | 20.5 | 19.6 | 20.2 | 17.7 | 18.2 | 17.9 | 17.5 | 17.8 | 17.6 | 17.2 | 18.6 | 18 | 19.7 | 19.1 | 19.3 | 17.6 | 16.6 | 15.7 | 15.7 | 14.8 | 15.2 | 15.6 | |
| Prime Market: Machinery | 25.5 | 25.6 | 26.8 | 27.1 | 28 | 24.8 | 29.5 | 25.4 | 22.3 | 22.6 | 23.3 | 21.2 | 20.6 | 20.4 | 19.6 | 19.9 | 18.1 | 18.2 | 18 | 19.4 | 19.2 | 18.6 | 19 | 18.6 | 18.4 | 19.6 | 20.5 | 21.6 | 21.3 | 21.7 | 21.9 | 20.6 | 18.9 | 18.6 | 17.3 | 18.5 | 19.2 | |
| Prime Market: Electric appliances | 44.2 | 43 | 50.3 | 43.2 | 35.5 | 28.7 | 33.7 | 31.2 | 28.9 | 28.6 | 29.5 | 24.9 | 23.5 | 23.5 | 23.1 | 27.5 | 26.1 | 26.4 | 26.4 | 27.4 | 25.8 | 24.5 | 25.1 | 24.8 | 25.4 | 25.7 | 26.8 | 26.4 | 26 | 26.4 | 26.1 | 24.8 | 23.1 | 23 | 20.4 | 21.3 | 22.1 | |
| Prime Market: Transportation equipment | 17.3 | 16.9 | 16 | 11.9 | 12 | 12.3 | 15.2 | 14 | 13.6 | 13 | 13 | 12.1 | 12.1 | 11.5 | 10.8 | 9.3 | 9 | 8.7 | 8.9 | 9.6 | 10 | 8.5 | 9 | 8.7 | 9.3 | 9.9 | 10.7 | 19.6 | 20.5 | 21.2 | 20 | 17.4 | 15.4 | 16.4 | 15.4 | 16.5 | 15.7 | |
| Prime Market: Precision instruments | 34.3 | 32.6 | 33.6 | 32.3 | 31.2 | 29.5 | 31.5 | 29.1 | 28.4 | 29 | 29.6 | 26.7 | 26 | 25.4 | 24.4 | 20.8 | 20.8 | 21.3 | 22 | 25.2 | 24.9 | 24.3 | 25.7 | 24.7 | 25.2 | 24.5 | 24.1 | 28.6 | 28 | 28.4 | 25.5 | 24.3 | 22.7 | 22.5 | 20.1 | 20.7 | 22 | |
| Prime Market: Other products | 24.1 | 21.6 | 19.9 | 24 | 24.2 | 25.6 | 28.6 | 28.1 | 28.8 | 32.9 | 32.2 | 31.9 | 32.8 | 31.5 | 33.1 | 24.8 | 24.7 | 23 | 25.5 | 23.9 | 22.4 | 21.3 | 20.7 | 20.4 | 20.5 | 20.8 | 21.3 | 22.9 | 21.2 | 22 | 21.8 | 21.6 | 19.8 | 19.2 | 18.3 | 18.6 | 19 | |
| Prime Market: Electric power and gas | 13.4 | 12.6 | 12.3 | 8.1 | 8.4 | 9 | 9.4 | 8.3 | 8.1 | 8.5 | 7.6 | 7.1 | 7.3 | 6.4 | 6.1 | 4.6 | 4.8 | 4.7 | 4.6 | 4.5 | 4.7 | 4.7 | 5.2 | 4.9 | 5.2 | 5.2 | 5.5 | |||||||||||
| Prime Market: Land transportation | 13.5 | 13.6 | 12.6 | 12.1 | 12.1 | 12.7 | 13.5 | 12.8 | 12.9 | 13 | 12.4 | 12.9 | 12.8 | 11.9 | 11.6 | 13.4 | 13.3 | 13 | 13 | 12.9 | 12.7 | 13.1 | 13 | 12.9 | 13 | 13.2 | 12.9 | 17.6 | 18.4 | 19.1 | 18.1 | 18.1 | 17.7 | 17.4 | 17.2 | 17.8 | 18.3 | |
| Prime Market: Marine transportation | 13.3 | 11.4 | 9.9 | 4.9 | 5.2 | 5.6 | 5.1 | 4.6 | 4.5 | 4.3 | 4.5 | 4.4 | 4.6 | 4.6 | 4.4 | 9.3 | 8.4 | 9 | 9.7 | 9 | 9.8 | 8.9 | 9.4 | 9.4 | 9.7 | 9.4 | 9.2 | 2.4 | 2.3 | 2.1 | 2.5 | 2.5 | 2.2 | 2 | 1.9 | 1.9 | 1.9 | |
| Prime Market: Air transportation | 9.2 | 9.2 | 8.8 | 10.2 | 9 | 9.5 | 11.8 | 10.5 | 10.4 | 10.4 | 10 | 10.3 | 10.8 | 10.3 | 10.2 | 10.5 | 9.7 | 9.7 | 9.9 | 10 | 9.8 | 9.9 | 10 | 10.2 | 9.9 | 9.8 | 10.1 | 21 | 21.6 | 22.8 | 22.6 | 22.8 | 21.8 | 21.8 | 21.3 | 22.5 | 23.4 | |
| Prime Market: Warehousing and harbor transportation services | 14.7 | 15 | 14.2 | 18.3 | 18.3 | 19 | 19.6 | 18.2 | 17.2 | 17.2 | 16.4 | 16.7 | 16.2 | 16 | 15.1 | 17.2 | 14.6 | 14.6 | 14.5 | 14.8 | 15 | 15.3 | 14.7 | 14.5 | 14 | 14.4 | 14.2 | 11.8 | 11.9 | 11.6 | 11.2 | 11.3 | 10.7 | 10.9 | 10.3 | 10.4 | 10.6 | |
| Prime Market: Information and communication | 12.5 | 11.8 | 11.6 | 23.5 | 20.9 | 19 | 19.9 | 20.6 | 21.4 | 21.6 | 24.4 | 21.8 | 22 | 20.5 | 20.4 | 25.5 | 24.2 | 23.2 | 24.4 | 25 | 24.6 | 24.1 | 23.8 | 23.6 | 23.7 | 23.4 | 23.2 | 27.6 | 27.8 | 29.3 | 29.1 | 28.2 | 26.7 | 26.4 | 25.6 | 26.4 | 26.8 | |
| Prime Market: Wholesale trade | 17.3 | 16.8 | 15.6 | 17.1 | 17.4 | 17.6 | 18.9 | 16.1 | 15 | 14.4 | 13.7 | 13.2 | 12.8 | 11.8 | 11.3 | 11.9 | 11.2 | 10.9 | 10.6 | 11 | 11.6 | 11 | 11.6 | 11.8 | 12 | 12.6 | 12.8 | 11.8 | 11.9 | 11.3 | 10.9 | 10.3 | 9.3 | 9.3 | 9.1 | 9.3 | 9.4 | |
| Prime Market: Retail trade | 29.2 | 29.6 | 29.4 | 29.6 | 30.5 | 30 | 33 | 30.1 | 30.7 | 31.1 | 31 | 29.1 | 29.3 | 28.9 | 29.2 | 28.9 | 27.2 | 25.7 | 25.8 | 27.8 | 28.1 | 27.4 | 28 | 28.1 | 27.8 | 26.6 | 26.1 | 27.6 | 28.4 | 30.6 | 29.3 | 27.9 | 26.3 | 26.6 | 25.6 | 25.9 | 26.5 | |
| Prime Market: Banks | 18.2 | 17.1 | 15.9 | 19.9 | 18.9 | 17.3 | 20.1 | 18.5 | 16.3 | 15.6 | 14.5 | 14.7 | 14.2 | 13.2 | 12.2 | 16.1 | 14.7 | 16.1 | 15.6 | 16.1 | 15.2 | 15 | 13.4 | 12.6 | 13.2 | 15 | 14.7 | 16.3 | 15.3 | 15.1 | 14.5 | 13.5 | 12.1 | 12.7 | 12.8 | 12.6 | 11.8 | |
| Prime Market: Securities and commodity futures | 11 | 10.3 | 9.4 | 13.2 | 13.2 | 12.8 | 15 | 14.5 | 13.5 | 12.7 | 12.2 | 12 | 12.1 | 10.9 | 10.1 | 14.2 | 13 | 14.2 | 15.2 | 16 | 14.9 | 14.7 | 13.5 | 12.9 | 14.2 | 15.9 | 15.7 | 28.9 | 27.6 | 28.3 | 26.1 | 24.2 | 21 | 21.1 | 20.1 | 20.1 | 19.1 | |
| Prime Market: Insurance | 12.8 | 13.2 | 11.7 | 13.2 | 12.1 | 12.3 | 12.5 | 10.9 | 10.8 | 10.3 | 10 | 10.6 | 10.8 | 10.3 | 9.9 | 14.6 | 13.8 | 14.2 | 13.6 | 13.4 | 13.9 | 13.6 | 13 | 12.5 | 13.1 | 14.3 | 14 | 33.1 | 30 | 29.7 | 27.4 | 24.8 | 22.3 | 23 | 22.6 | 22.4 | 20.9 | |
| Prime Market: Other financing business | 15.3 | 15.4 | 14.5 | 16.7 | 15.8 | 14.9 | 17.1 | 14.9 | 14.6 | 14.1 | 13.1 | 13.5 | 13.1 | 12.2 | 11.7 | 12 | 11.4 | 11.6 | 11.6 | 12.3 | 12.7 | 12.5 | 12.4 | 12.5 | 12.8 | 13.3 | 13 | 16.3 | 15.9 | 16.5 | 15.8 | 15 | 13.9 | 13.9 | 13.8 | 13.9 | 13.4 | |
| Prime Market: Real estate | 13.8 | 14.1 | 14.1 | 15.4 | 17.1 | 16.8 | 20 | 16.7 | 16.2 | 16.2 | 14.6 | 15.1 | 14.6 | 13.2 | 13 | 14.3 | 14 | 13.6 | 13.4 | 13.9 | 13.5 | 13.2 | 13.6 | 13.6 | 14.6 | 14.8 | 14.1 | 15.2 | 16.5 | 16.8 | 14.7 | 14.5 | 13.7 | 13.9 | 13.4 | 13.5 | 13.2 | |
| Prime Market: Services | 43.8 | 37.6 | 34 | 35.1 | 30.9 | 31.1 | 30 | 30.8 | 31.9 | 31.4 | 30.7 | 31.7 | 32.4 | 29.5 | 29 | 36.8 | 35.3 | 34.7 | 36.9 | 40.6 | 40.2 | 39.3 | 38.9 | 37.7 | 39.4 | 42.1 | 42 | 35.9 | 35.7 | 37.3 | 35.7 | 35.4 | 34.8 | 33.3 | 30.8 | 31.5 | 33.2 | |
| Prime Market (simple average) | 19.3 | 18.5 | 19 | 20.9 | 20.1 | 18.6 | 21 | 18.8 | 18 | 17.9 | 17.5 | 17 | 16.8 | 16.1 | 15.5 | 16.9 | 16.3 | 16.2 | 16.3 | 16.9 | 17 | 16.6 | 16.8 | 16.7 | 16.9 | 17.5 | 17.6 | 17.9 | 17.9 | 18.3 | 17.6 | 17 | 16.2 | 16 | 15.2 | 15.7 | 16 | |
| Standard Market (weighted average)2 | 19.2 | 18.4 | 18.3 | 22.4 | 22.3 | 21.1 | 19.6 | 18.2 | 17.7 | 17.7 | 17.4 | 17.5 | 17.5 | 16.9 | 16.5 | 17.5 | 16.8 | 16.5 | 16.2 | 16.2 | 16.4 | 15.9 | 15.6 | 15.8 | 16.1 | 16.3 | 16.4 | 16.7 | 17.1 | 17.7 | 18.2 | 17.8 | 17 | 16.9 | 16.2 | 16.2 | 16 | |
| Standard Market: excluding financials2 | 20.1 | 19.2 | 19.2 | 22.9 | 22.8 | 21.7 | 19.7 | 18.3 | 17.8 | 17.8 | 17.5 | 17.6 | 17.4 | 16.9 | 16.5 | 17.4 | 16.7 | 16.5 | 16.3 | 16.3 | 16.5 | 16 | 15.8 | 16.1 | 16.3 | 16.4 | 16.5 | 17.1 | 17.6 | 18.2 | 18.7 | 18.4 | 17.5 | 17.3 | 16.6 | 16.6 | 16.6 | |
| Standard Market: manufacturing | 24.3 | 22.8 | 24 | 30.6 | 30 | 26.6 | 20.9 | 18.6 | 18.1 | 18 | 17.5 | 16.9 | 16.6 | 15.5 | 14.8 | 14.9 | 14.3 | 14.5 | 13.9 | 13.8 | 13.9 | 13.3 | 13.4 | 13.6 | 13.8 | 14.2 | 14.5 | 16.1 | 16.3 | 16.8 | 17.6 | 17.2 | 16.7 | 16.4 | 15.3 | 14.9 | 15 | |
| Standard Market: non-manufacturing | 17.7 | 17.1 | 16.4 | 19 | 19.1 | 18.9 | 18.9 | 18.1 | 17.6 | 17.7 | 17.6 | 18.1 | 18 | 17.9 | 17.7 | 19.4 | 18.7 | 18.2 | 18.3 | 18.4 | 18.7 | 18.4 | 17.9 | 18.2 | 18.4 | 18.4 | 18.3 | 17.9 | 18.6 | 19.2 | 19.6 | 19.2 | 18.2 | 18.1 | 17.7 | 18 | 17.9 | |
| Standard Market (simple average) | 14.5 | 13.9 | 14.2 | 15.7 | 15.6 | 15.3 | 16.5 | 15.2 | 14.8 | 14.8 | 14.5 | 14.5 | 14.3 | 13.6 | 13 | 13.2 | 12.8 | 12.8 | 13 | 12.9 | 12.9 | 12.6 | 12.6 | 12.7 | 12.9 | 13.2 | 13.3 | 14.6 | 14.9 | 15.3 | 15.2 | 14.9 | 14 | 13.9 | 13.3 | 13.6 | 13.4 | |
| Growth Market (weighted average)2 | 58.8 | 50.5 | 56.6 | 72.4 | 78.1 | 72.5 | 130.8 | 120.9 | 113 | 147.9 | 165.2 | 183.7 | 270.7 | 301.7 | 179.4 | 184.1 | 204.8 | 189 | 123.8 | 127.2 | 134.5 | 116.5 | 102.1 | 102 | 103 | 107.4 | 90.9 | 112.3 | 119 | 149.5 | 280.4 | 274 | 296.9 | 331.7 | 355.8 | 596.2 | ||
| Growth Market: excluding financials1 | 62.8 | 53.9 | 61.4 | 77.9 | 84.9 | 78.8 | 192.4 | 176.1 | 162 | 241.5 | 310 | 366 | 497.2 | 472.4 | 846.7 | 694.2 | 172.6 | 176 | 195.9 | 160.7 | 134.2 | 133.3 | 131.9 | 142.4 | 112.4 | 120.6 | 128.5 | 165.7 | 297 | 293.2 | 323.2 | 376.3 | 419 | 813.8 | ||||
| Growth Market: non-manufacturing | 38.1 | 32.7 | 34 | 41.9 | 42.7 | 42.6 | 61.8 | 60.4 | 62.2 | 68.5 | 73.8 | 78 | 98.6 | 97.1 | 80.8 | 73.4 | 77.5 | 71.8 | 70.7 | 72.5 | 73.2 | 67.5 | 61.4 | 63.8 | 64.9 | 66.7 | 57 | 57.8 | 61 | 67.8 | 73.4 | 70.3 | 69.5 | 77.4 | 75.9 | 101.9 | 105.1 | |
| Growth Market (simple average) | 32.7 | 29.8 | 29.8 | 33.1 | 34.4 | 32.8 | 39.7 | 38 | 36.6 | 41 | 41.3 | 44.6 | 46 | 44.3 | 43.2 | 40.3 | 40.1 | 40.2 | 42.8 | 43.8 | 45 | 39.5 | 38.8 | 39.8 | 39.9 | 45.1 | 45.4 | 47.7 | 44.6 | 46.9 | 50.1 | 48 | 47.4 | 53.8 | 55 | 69.6 | 70.5 |
Latest reading
Prime Market (weighted average) stood at 20.8 times in Aug 2026. That is +3.5% from Jul 2026 and +20.9% from a year earlier. The series on this page is monthly and runs from Apr 2022 to Aug 2026.
- Latest
- 20.8 times
- Aug 2026
- vs previous period
- +3.5%
- Jul 2026
- vs a year earlier
- +20.9%
About this data
Japan Exchange Group average price-earnings ratio (PER) 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.
