Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Nippon Steel's shares outstanding for the quarter that ended in Mar. 2026 was 5,226 Mil.
Nippon Steel's quarterly shares outstanding
declined
from Dec. 2025 (5,226 Mil) to Mar. 2026 (5,226 Mil).
It means Nippon Steelbought back shares from Dec. 2025 to Mar. 2026 .
Nippon Steel's annual shares outstanding
declined
from Mar. 2025 (5,231 Mil) to Mar. 2026 (5,226 Mil).
It means Nippon Steelbought back shares from Mar. 2025 to Mar. 2026 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Nippon Steel Shares Outstanding (EOP) Related Terms
Nippon Steel Shares Outstanding (EOP) Historical Data
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The historical data trend for Nippon Steel's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:NPS vs NUE, STLD, RS: Shares Outstanding (EOP) Comparison
For the Steel subindustry, Nippon Steel's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nippon Steel Shares Outstanding (EOP) vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Steel's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Nippon Steel's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 5,226 Mil mean?
Nippon Steel (FRA:NPS) has a Shares Outstanding (EOP) of 5,226 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Nippon Steel and its competitors.
Is Nippon Steel's Shares Outstanding (EOP) too high?
Nippon Steel's current Shares Outstanding (EOP) is 5,226 Mil. Overall, Nippon Steel has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Steel's Shares Outstanding (EOP) compare to NUE and STLD?
Nippon Steel's Shares Outstanding (EOP) of 5,226 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Steel company?
A good Shares Outstanding (EOP) depends on the Steel industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Nippon Steel and its competitors. Nippon Steel's current Shares Outstanding (EOP) is 5,226 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Steel stock overvalued right now?
Based on GuruFocus' analysis, Nippon Steel (FRA:NPS) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.07, compared to a current price of €2.95 — trading 27.5% below its estimated fair value. The current Shares Outstanding (EOP) is 5,226 Mil. Nippon Steel's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Nippon Steel (FRA:NPS), the current Shares Outstanding (EOP) is 5,226 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nippon Steel (FRA:NPS) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Steel stock appears to be undervalued.
The current stock price of €2.95 is trading 27.5% below its estimated GF Value™ of €4.07.
GuruFocus considers Nippon Steel to be Modestly Undervalued.
Key valuation signals for FRA:NPS:
Shares Outstanding (EOP): 5,226 Mil
GF Value™: €4.07 vs. price of €2.95 (27.5% below fair value)
No single metric tells the full story. See the FRA:NPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Steel Corp is mainly engaged in the steel manufacturing business, engineering business, chemical & material business, and system solution business. The company operates through four business segments. The Chemicals & Materials segment manufactures and sells coal chemicals, petrochemicals, electronic materials, semiconductors, carbon fibers, composites, and processed metal products. The Engineering segment handles industrial machinery, steel structures, construction contracting, waste disposal, recycling, and energy supply. The Steel segment focuses on the production and sale of steel products. The System Solutions segment provides IT consulting, outsourcing, and related services. It generates the majority of its revenue from the Steel segment.
71GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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