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Nippon SteelFSE:5401 73 Cyclically Adjusted PS Ratio is 0.36 as of Jul. 29, 2026, which is 3% below its 10-year median of 0.37. GuruFocus rates FSE:5401 with a GF Score™ of 73/100 and a GF Value™ of 円724.42 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 514 Steel companies, Nippon Steel ranks better than 54.09% on this metric.
The historical rank and industry rank for Nippon Steel's Cyclically Adjusted PS Ratio or its related term are showing as below:
FSE:5401'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.37 Max: 0.56
Current: 0.39
During the past years, Nippon Steel's highest Cyclically Adjusted PS Ratio was 0.56. The lowest was 0.13. And the median was 0.37.
FSE:5401's Cyclically Adjusted PS Ratio is ranked better than 54.09% of 514
companies
in the Steel industry
Industry Median: 0.45
vs FSE:5401: 0.39
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Nippon Steel's adjusted revenue per share data for the three months ended in Mar. 2026 was 円537.058. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is 円1,646.16 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nippon Steel (FSE:5401) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Nippon Steel Cyclically Adjusted PS Ratio Related Terms
Nippon Steel Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Nippon Steel's Cyclically Adjusted PS Ratio 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.
FSE:5401 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison
For the Steel subindustry, Nippon Steel's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Steel's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Nippon Steel's Cyclically Adjusted PS Ratio falls into.
Nippon Steel Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Nippon Steel's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 0.36 mean?
Nippon Steel (FSE:5401) has a Cyclically Adjusted PS Ratio of 0.36 as of Jul. 29, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nippon Steel and its competitors. This is near median its historical median of 0.37. Over the past decade, Nippon Steel's Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.56. According to the industry distribution chart, Nippon Steel ranks #236 out of 514 companies in the Steel industry, placing it in the top 45.9%.
Is Nippon Steel's Cyclically Adjusted PS Ratio too high?
Nippon Steel's current Cyclically Adjusted PS Ratio of 0.36 is near median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.56. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Nippon Steel's value of 0.36 is 20% below this industry median. Based on the distribution chart, Nippon Steel ranks #236 out of 514 companies in the Steel industry, which is above the industry midpoint. Overall, Nippon Steel has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Steel's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Nippon Steel ranks #236 out of 514 companies for Cyclically Adjusted PS Ratio. This puts Nippon Steel in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Nippon Steel's value of 0.36 is 20% below this benchmark. Historically, Nippon Steel's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.56 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.45, Nippon Steel has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 514 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nippon Steel's current Cyclically Adjusted PS Ratio of 0.36 is 20% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nippon Steel and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Steel's current Cyclically Adjusted PS Ratio is 0.36, which is near median its own 10-year median of 0.37. 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 (FSE:5401) is currently considered Modestly Undervalued. The stock's GF Value™ is 円724.42, compared to a current price of 円590.00 — trading 18.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.36, which is near median its 10-year median of 0.37 and 20% below the Steel industry median of 0.45. Nippon Steel's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Nippon Steel (FSE:5401), the current Cyclically Adjusted PS Ratio is 0.36 as of Jul. 29, 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 (FSE:5401) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Steel stock appears to be undervalued.
The current stock price of 円590.00 is trading 18.6% below its estimated GF Value™ of 円724.42.
GuruFocus considers Nippon Steel to be Modestly Undervalued.
Key valuation signals for FSE:5401:
Cyclically Adjusted PS Ratio: 0.36 (near median its 10-year median of 0.37)
GF Value™: 円724.42 vs. price of 円590.00 (18.6% below fair value)
Industry Position: 20% below the Steel median (#236 of 514)
No single metric tells the full story. See the FSE:5401 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.
73GF Score
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