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Japan Stock Market PER and PBR by Sector

Monthly valuation ratios of the Japanese stock market from JPX: price-earnings (PER) and price-to-book (PBR) ratios by market segment, company size and sector.

Source: CompiledLast updated: Curated by Bui Thanh Phuc

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Indicator09-202608-202607-202606-202605-202604-202603-202602-202601-202612-202511-202510-202509-202508-202507-202506-202505-202504-202503-202502-202501-202512-202411-202410-202409-202408-202407-202406-202405-202404-202403-202402-202401-202412-202311-202310-202309-2023
Stock market PER by market and sector3
Prime Market (weighted average)320.620.820.120.421.820.419.221.819.818.918.818.617.517.216.51617.316.516.416.617.217.216.516.716.416.817.317.419.919.920.219.518.617.317.416.517
Prime Market: excluding financials221.822.121.32222.721.32022.720.619.919.819.818.418.117.41717.616.916.616.917.617.616.917.317.117.517.817.920.120.220.519.91917.817.816.817.4
Prime Market: manufacturing27.327.726.728.926.22421.725.823.221.821.821.719.819.318.918.31817.317.217.418.218.117.217.817.517.918.418.821.921.922.321.720.51919.217.818.6
Prime Market: non-manufacturing16.616.71615.418.618.117.919.117.717.617.517.516.716.715.715.417.116.415.916.216.816.916.516.616.516.816.916.717.717.918.317.617.216.21615.515.9
Prime Market by sector (weighted average)33
Prime Market: Fishery, agriculture and forestry11.412.212.412.313.413.114.115.513.712.913.211.911.711.39.89.710.310.410.610.410.410.410.510.610.710.511.911.513.714.214.31413.212.912.912.713
Prime Market: Mining11.612.611.410.310.812.51411.2108.89.27.97.67.16.15.85.95.56.27.46.46.76.76.86.57.27.87.97.77.57.45.66.25.76.36.46.7
Prime Market: Construction1212.412.513.316.917.917.620.817.71716.915.314.514.413.312.715.214.914.214.414.614.714.31414.314.114.413.614.314.614.813.713.812.812.612.712.8
Prime Market: Foods2424.724.223.424.32423.729.927.326.927.926.52625.624.724.523.823.622.718.218.819.519.62019.819.620.619.822.522.522.223.223.422.222.622.221.9
Prime Market: Textiles and apparels37.138.335.73517.917.219.122.419.818.519.418.318.518.718.817.934.931.533.733.135.73432.830.63129.630.529.624.325.225.523.524.724.425.32425.3
Prime Market: Pulp and paper15.716.41614.718.317.918.421.11918.117.416.116.916.915.815.210.911.210.810.911.311.110.71111.411.411.511.49498.8107.4104.8104.7101100.4106.2105.1
Prime Market: Chemicals23.123.52223.223.321.22022.119.318.518.518.218.217.917.41720.119.119.521.422.2232324.424.824.725.525.221.821.822.120.52019.5191818.3
Prime Market: Pharmaceutical24.325.324.424.626.226.52831.427.426.726.92423.123.423.923.530.731.329.737.83939.840.243.140.845.743.840.129.129.529.729.427.926.427.22627.8
Prime Market: Oil and coal products1312.311.910.815.71617.518.1161413.712.712.311.911.1105.96.37.37.37.47.67.37.47.47.67.57.810.19.69.78.67.97.37.677.2
Prime Market: Rubber products13.814.614.312.712.812.111.917.516.216.316.3151514.713.212.613.212.612.81110.910.510.210.410.310.611.511.712.913.312.815.21513.614.21313.6
Prime Market: Glass and ceramics products18.618.719.323.326.923.319.752.243.139.439.43634.333.232.530.227.826.827.414.21515.615.315.415.515.516.21626.627.426.827.926.324.424.723.924.4
Prime Market: Iron and steel21.421.821.519.310.310.110.311.711.210.810.610.21010.29.596.46.46.76.96.76.56.36.46.56.76.976.86.87.176.86.26.46.16.4
Prime Market: Nonferrous metals24.725.922.329.254.854.541.25033.828.727.528.522.520.31714.217.114.417.11819.419.318.417.81716.616.21715.314.613.412.411.811.211.310.611.2
Prime Market: Metal products21.121.620.321.722.919.61818.717.11716.61716.716.715.515.320.519.620.217.718.217.917.517.817.617.218.61819.719.119.317.616.615.715.714.815.2
Prime Market: Machinery25.425.525.626.827.12824.829.525.422.322.623.321.220.620.419.619.918.118.21819.419.218.61918.618.419.620.521.621.321.721.920.618.918.617.318.5
Prime Market: Electric appliances44.844.24350.343.235.528.733.731.228.928.629.524.923.523.523.127.526.126.426.427.425.824.525.124.825.425.726.826.42626.426.124.823.12320.421.3
Prime Market: Transportation equipment16.317.316.91611.91212.315.21413.6131312.112.111.510.89.398.78.99.6108.598.79.39.910.719.620.521.22017.415.416.415.416.5
Prime Market: Precision instruments31.434.332.633.632.331.229.531.529.128.42929.626.72625.424.420.820.821.32225.224.924.325.724.725.224.524.128.62828.425.524.322.722.520.120.7
Prime Market: Other products22.324.121.619.92424.225.628.628.128.832.932.231.932.831.533.124.824.72325.523.922.421.320.720.420.520.821.322.921.22221.821.619.819.218.318.6
Prime Market: Electric power and gas14.313.412.612.38.18.499.48.38.18.57.67.17.36.46.14.64.84.74.64.54.74.75.24.95.25.25.5
Prime Market: Land transportation1313.513.612.612.112.112.713.512.812.91312.412.912.811.911.613.413.3131312.912.713.11312.91313.212.917.618.419.118.118.117.717.417.217.8
Prime Market: Marine transportation13.513.311.49.94.95.25.65.14.64.54.34.54.44.64.64.49.38.499.799.88.99.49.49.79.49.22.42.32.12.52.52.221.91.9
Prime Market: Air transportation9.29.29.28.810.299.511.810.510.410.41010.310.810.310.210.59.79.79.9109.89.91010.29.99.810.12121.622.822.622.821.821.821.322.5
Prime Market: Warehousing and harbor transportation services14.414.71514.218.318.31919.618.217.217.216.416.716.21615.117.214.614.614.514.81515.314.714.51414.414.211.811.911.611.211.310.710.910.310.4
Prime Market: Information and communication1312.511.811.623.520.91919.920.621.421.624.421.82220.520.425.524.223.224.42524.624.123.823.623.723.423.227.627.829.329.128.226.726.425.626.4
Prime Market: Wholesale trade17.317.316.815.617.117.417.618.916.11514.413.713.212.811.811.311.911.210.910.61111.61111.611.81212.612.811.811.911.310.910.39.39.39.19.3
Prime Market: Retail trade27.729.229.629.429.630.5303330.130.731.13129.129.328.929.228.927.225.725.827.828.127.42828.127.826.626.127.628.430.629.327.926.326.625.625.9
Prime Market: Banks18.418.217.115.919.918.917.320.118.516.315.614.514.714.213.212.216.114.716.115.616.115.21513.412.613.21514.716.315.315.114.513.512.112.712.812.6
Prime Market: Securities and commodity futures10.61110.39.413.213.212.81514.513.512.712.21212.110.910.114.21314.215.21614.914.713.512.914.215.915.728.927.628.326.124.22121.120.120.1
Prime Market: Insurance12.912.813.211.713.212.112.312.510.910.810.31010.610.810.39.914.613.814.213.613.413.913.61312.513.114.31433.13029.727.424.822.32322.622.4
Prime Market: Other financing business14.815.315.414.516.715.814.917.114.914.614.113.113.513.112.211.71211.411.611.612.312.712.512.412.512.813.31316.315.916.515.81513.913.913.813.9
Prime Market: Real estate13.213.814.114.115.417.116.82016.716.216.214.615.114.613.21314.31413.613.413.913.513.213.613.614.614.814.115.216.516.814.714.513.713.913.413.5
Prime Market: Services41.343.837.63435.130.931.13030.831.931.430.731.732.429.52936.835.334.736.940.640.239.338.937.739.442.14235.935.737.335.735.434.833.330.831.5
Prime Market (simple average)18.919.318.51920.920.118.62118.81817.917.51716.816.115.516.916.316.216.316.91716.616.816.716.917.517.617.917.918.317.61716.21615.215.7
Standard Market (weighted average)219.119.218.418.322.422.321.119.618.217.717.717.417.517.516.916.517.516.816.516.216.216.415.915.615.816.116.316.416.717.117.718.217.81716.916.216.2
Standard Market: excluding financials219.920.119.219.222.922.821.719.718.317.817.817.517.617.416.916.517.416.716.516.316.316.51615.816.116.316.416.517.117.618.218.718.417.517.316.616.6
Standard Market: manufacturing24.324.322.82430.63026.620.918.618.11817.516.916.615.514.814.914.314.513.913.813.913.313.413.613.814.214.516.116.316.817.617.216.716.415.314.9
Standard Market: non-manufacturing17.417.717.116.41919.118.918.918.117.617.717.618.11817.917.719.418.718.218.318.418.718.417.918.218.418.418.317.918.619.219.619.218.218.117.718
Standard Market (simple average)14.514.513.914.215.715.615.316.515.214.814.814.514.514.313.61313.212.812.81312.912.912.612.612.712.913.213.314.614.915.315.214.91413.913.313.6
Growth Market (weighted average)258.458.850.556.672.478.172.5130.8120.9113147.9165.2183.7270.7301.7179.4184.1204.8189123.8127.2134.5116.5102.1102103107.490.9112.3119149.5280.4274296.9331.7355.8
Growth Market: excluding financials163.462.853.961.477.984.978.8192.4176.1162241.5310366497.2472.4846.7694.2172.6176195.9160.7134.2133.3131.9142.4112.4120.6128.5165.7297293.2323.2376.3419
Growth Market: non-manufacturing37.938.132.73441.942.742.661.860.462.268.573.87898.697.180.873.477.571.870.772.573.267.561.463.864.966.75757.86167.873.470.369.577.475.9101.9
Growth Market (simple average)31.732.729.829.833.134.432.839.73836.64141.344.64644.343.240.340.140.242.843.84539.538.839.839.945.145.447.744.646.950.14847.453.85569.6
Stock PBR by market and sector3
Prime Market (weighted average)31.81.81.71.81.91.81.71.91.71.61.61.61.51.51.41.41.41.31.31.31.41.41.31.41.31.41.41.41.61.51.61.51.51.41.41.31.3
Prime Market: excluding financials21.81.91.81.921.91.721.81.71.71.71.61.61.51.51.51.41.41.41.51.51.41.51.41.51.51.51.71.71.71.71.61.51.51.41.5
Prime Market: manufacturing221.92.12.221.82.11.91.81.81.81.61.61.51.51.51.41.41.51.51.51.51.51.51.51.61.61.81.81.81.81.71.51.61.41.5
Prime Market: non-manufacturing1.71.71.61.61.71.71.71.81.71.71.61.61.61.61.51.41.51.41.41.41.41.41.41.41.41.41.41.41.51.61.61.61.51.41.41.41.4
Prime Market by sector (weighted average)33
Prime Market: Fishery, agriculture and forestry11111.11.11.21.31.11.11.1110.90.90.90.90.910.90.90.91111111.11.11.11.11.11111
Prime Market: Mining0.910.90.80.91.11.210.90.80.80.70.70.60.50.50.50.50.50.50.50.60.60.60.60.60.70.70.70.70.70.60.70.70.70.70.8
Prime Market: Construction1.41.41.41.51.61.71.721.71.71.61.51.41.41.31.21.21.21.11.21.21.21.21.11.21.11.21.11.21.21.21.21.21.11.11.11.1
Prime Market: Foods1.91.91.921.91.91.91.91.71.71.81.71.71.61.61.61.61.61.51.51.61.61.61.71.61.61.71.61.71.71.71.81.81.71.71.71.7
Prime Market: Textiles and apparels1.11.1111.11.11.11.21.111.111110.90.90.90.90.91110.90.90.90.90.910.90.90.90.90.910.90.9
Prime Market: Pulp and paper0.60.70.60.60.60.60.60.70.70.60.60.60.60.60.60.50.50.50.50.50.50.50.50.50.60.60.60.60.60.70.70.70.70.60.60.70.7
Prime Market: Chemicals1.51.61.51.61.71.51.51.61.41.41.41.31.41.31.31.31.31.21.21.31.31.41.41.51.51.51.51.51.61.61.61.61.51.51.51.41.4
Prime Market: Pharmaceutical1.921.91.92.22.22.32.62.32.22.221.91.921.91.921.91.922.12.12.22.12.42.32.12.12.12.22.32.122.122.1
Prime Market: Oil and coal products10.90.90.8111.11.110.90.80.80.80.70.70.60.60.60.70.70.70.70.70.70.70.70.70.70.80.80.80.70.60.60.60.60.6
Prime Market: Rubber products1.21.31.31.11.11.11.11.31.21.21.31.21.21.11111111111111.11.11.21.31.21.31.31.21.21.11.2
Prime Market: Glass and ceramics products1.41.41.41.71.81.51.31.61.31.21.21.11110.90.90.90.90.9111111111.11.11.11.11110.91
Prime Market: Iron and steel0.60.70.60.60.60.60.60.70.70.60.60.60.60.60.60.50.60.60.60.60.60.60.60.60.60.60.60.60.80.80.80.80.80.70.70.70.7
Prime Market: Nonferrous metals2.93.12.63.53.93.92.93.52.421.921.61.41.2110.80.90.9110.90.90.90.80.80.9110.90.80.80.70.70.70.7
Prime Market: Metal products1.11.11.11.21.210.91.11111110.90.90.90.90.90.90.90.90.90.90.90.910.911110.90.90.90.80.8
Prime Market: Machinery2.22.22.22.32.42.52.22.72.322.12.11.91.91.91.81.71.61.61.61.71.71.71.71.61.61.71.821.921.91.81.71.61.51.6
Prime Market: Electric appliances3.73.73.64.24.13.32.73.232.82.72.82.42.22.22.22.222.12.22.32.22.12.22.22.22.22.32.52.42.52.52.32.22.21.92
Prime Market: Transportation equipment0.90.90.90.91111.21.11.11.11.1110.90.90.90.90.90.9110.90.90.90.911.11.41.41.51.41.21.11.21.11.2
Prime Market: Precision instruments33.233.13.43.33.13.33.133.13.12.82.72.72.62.62.62.72.83.13.133.23.13.1333.43.33.43.53.33.13.12.72.8
Prime Market: Other products2.52.72.42.22.42.42.52.82.72.83.23.13.13.133.22.92.82.62.82.72.52.42.32.32.32.32.42.52.32.42.42.42.22.122
Prime Market: Electric power and gas0.70.80.70.70.80.80.80.90.80.80.80.70.70.70.60.60.60.60.60.60.60.60.60.70.70.70.70.710.90.80.80.80.70.70.70.7
Prime Market: Land transportation1.11.11.111.11.11.21.31.21.21.21.21.21.21.11.11.11.11.11.11.11.11.11.11.11.11.11.11.21.31.31.31.31.31.31.31.3
Prime Market: Marine transportation110.80.70.80.80.90.80.70.70.70.70.70.70.70.70.80.80.80.90.80.90.80.90.90.90.90.810.90.9110.90.80.80.8
Prime Market: Air transportation1.11.11.111.21.11.11.41.31.31.31.21.21.31.21.21.31.21.21.31.31.21.21.31.31.21.21.31.51.51.61.61.61.61.61.51.6
Prime Market: Warehousing and harbor transportation services1.21.31.31.21.31.31.41.41.31.21.21.21.21.21.21.11.110.90.9111110.90.90.9111110.90.90.90.9
Prime Market: Information and communication21.91.81.82.221.81.92222.32.121.91.91.81.71.71.71.71.71.71.71.61.71.61.61.81.81.91.91.81.71.71.71.7
Prime Market: Wholesale trade1.81.81.71.61.91.91.92.11.81.71.61.51.51.41.31.31.31.21.21.21.21.31.21.31.31.31.41.41.61.61.51.51.41.21.21.21.2
Prime Market: Retail trade2.52.62.72.72.72.62.62.82.62.62.62.52.42.42.42.42.42.42.22.22.42.52.42.32.32.32.22.22.22.32.52.42.22.12.12.12
Prime Market: Banks1.61.61.51.41.41.41.21.41.31.21.11110.90.90.90.80.90.90.90.80.80.70.70.70.80.80.90.80.80.80.70.60.70.70.7
Prime Market: Securities and commodity futures1.21.31.21.11.21.21.11.31.31.21.11.11.11.110.90.90.80.80.910.90.90.80.80.80.90.91110.90.80.70.70.70.7
Prime Market: Insurance1.61.61.61.41.61.71.71.81.51.51.41.41.51.51.51.41.41.31.31.31.31.31.31.21.21.21.31.31.81.61.61.51.31.21.21.21.2
Prime Market: Other financing business1.31.31.41.31.41.31.21.41.21.21.21.11.11.111111111.11.111.11.11.11.11.21.21.21.21.11.11.111.1
Prime Market: Real estate1.31.41.41.41.51.61.61.91.61.61.61.41.41.41.31.21.31.31.21.21.21.21.21.21.21.31.31.31.41.51.51.31.31.21.21.21.2
Prime Market: Services22.11.81.61.71.41.51.51.61.61.61.61.61.71.61.61.61.51.51.61.81.71.71.71.61.71.71.71.71.71.71.71.71.71.61.51.5
Prime Market (simple average)1.51.61.51.61.61.61.51.71.51.41.41.41.31.31.31.21.21.21.21.21.21.21.21.21.21.21.31.31.41.41.41.41.31.31.31.21.2
Standard Market (weighted average)21.21.21.21.21.21.21.21.31.21.21.21.21.21.21.21.11.11.11.11.11.11.11111.11.11.11.11.11.11.11.11.1111
Standard Market: excluding financials21.21.21.21.21.31.31.21.41.31.21.21.21.21.21.21.11.11.11.11.11.11.1111.11.11.11.11.11.11.21.11.11.11.111.1
Standard Market: manufacturing1.11.111.11.11.111.211110.90.90.90.80.80.80.80.80.80.80.80.80.80.80.80.80.90.90.90.90.90.80.80.80.8
Standard Market: non-manufacturing1.41.41.31.31.41.41.41.61.51.51.51.51.51.51.51.51.41.41.41.31.41.41.41.31.31.31.31.31.41.41.41.41.41.41.31.31.4
Standard Market (simple average)0.90.90.90.9110.9110.90.90.90.90.90.90.80.80.80.80.80.80.80.80.80.80.80.80.80.90.90.90.90.90.80.80.80.8
Growth Market (weighted average)23.73.83.43.23.83.63.543.83.63.63.63.843.83.63.73.43.33.43.43.33.23.13.23.43.23.33.43.53.843.73.63.83.64.1
Growth Market: excluding financials23.93.93.53.33.93.73.64.23.93.73.73.744.143.83.93.63.53.53.53.43.43.33.43.63.33.43.43.53.843.83.63.93.64.2
Growth Market: manufacturing5.95.74.856.26.15.26.14.84.14.54.54.64.74.54.44.53.73.83.3332.932.932.72.72.42.42.62.82.62.72.92.63.1
Growth Market: non-manufacturing3.43.63.22.93.43.23.23.83.73.63.63.63.843.83.73.73.63.43.63.73.53.53.33.53.73.53.53.73.84.24.343.94.13.94.5
Growth Market (simple average)2.92.92.72.62.82.82.73.13.12.933.13.33.53.33.23.232.9332.92.92.82.933.13.13.13.23.53.63.53.33.53.33.8

Latest reading

The series on this page is monthly and runs from Apr 2022 to Sep 2026.

Frequently asked questions

What is the latest figure for Japan Stock Market PER and PBR by Sector?
Prime Market (weighted average) stood at 20.6 times in Sep 2026. That is −1.0% from Aug 2026 and +17.7% from a year earlier.
How far back does the Japan Stock Market PER and PBR by Sector data go?
The series on this page is monthly and runs from Apr 2022 to Sep 2026. Every series in the table can be charted over its full history and downloaded as CSV or Excel.