Nikon carries a market cap of approximately $3.8 billion USD as of early 2026, trading on the Tokyo Stock Exchange under ticker 7731. The Japanese optics maker has seen its valuation recover modestly from decade lows as the Z-series mirrorless cameras gained market share, though it remains well below the highs reached during the DSLR era.
Market Cap Of Nikon
TSE market cap in USD equivalent from 1949 listing through 2026. JPY/USD conversion applied at approximate annual average rates. Peak reflects the digital camera boom (2007); structural decline follows smartphone camera disruption.
Year-On-Year Nikon Market Cap
| Year | Market Cap (USD equiv.) | YoY Change |
|---|---|---|
| 2016 | $5.4B | — |
| 2017 | $5.8B | +7.4% |
| 2018 | $4.2B | −27.6% |
| 2019 | $3.6B | −14.3% |
| 2020 | $2.8B | −22.2% |
| 2021 | $3.4B | +21.4% |
| 2022 | $3.2B | −5.9% |
| 2023 | $4.0B | +25.0% |
| 2024 | $3.6B | −10.0% |
| 2025 | $3.8B | +5.6% |
Note: USD equivalents converted from JPY at approximate annual average exchange rates. Nikon's market cap peaked at approximately $12B in 2007 at the height of the compact digital camera boom before Sony's smartphone camera advances eroded the consumer imaging market.