Neste OYJMEX:NESTEN 80 PB Ratio is 2.84 as of Jun. 24, 2026, which is 23% below its 10-year median of 3.68. GuruFocus rates MEX:NESTEN with a GF Score™ of 80/100 and a GF Value™ of MXN412.25. The stock has 6 warning signs investors should review. Among 923 Oil & Gas companies, Neste OYJ ranks worse than 75.95% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-24), Neste OYJ's share price is MXN593.47. Neste OYJ's Book Value per Share for the quarter that ended in Mar. 2026 was MXN208.86. Hence, Neste OYJ's PB Ratio of today is 2.84.
The historical rank and industry rank for Neste OYJ's PB Ratio or its related term are showing as below:
MEX:NESTEN'
s PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 3.68 Max: 8.12
Current: 2.63
During the past 13 years, Neste OYJ's highest PB Ratio was 8.12. The lowest was 0.78. And the median was 3.68.
MEX:NESTEN's PB Ratio is ranked worse than 75.95% of 923
companies
in the Oil & Gas industry
Industry Median: 1.44
vs MEX:NESTEN: 2.63
During the past 12 months, Neste OYJ's average Book Value Per Share Growth Rate was 6.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Neste OYJ was 18.00% per year. The lowest was -4.20% per year. And the median was 7.40% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Neste OYJ PB Ratio Related Terms
Neste OYJ PB Ratio Historical Data
* Premium members only.
The historical data trend for Neste OYJ's PB 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.
For the Oil & Gas Refining & Marketing subindustry, Neste OYJ's PB Ratio, along with its competitors' market caps and PB 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.
Neste OYJ PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Neste OYJ's PB Ratio distribution charts can be found below:
* The bar in red indicates where Neste OYJ's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Neste OYJ's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Neste OYJ (MEX:NESTEN) has a PB Ratio of 2.84 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Neste OYJ and its competitors. This is 23% below median its historical median of 3.68. Over the past decade, Neste OYJ's PB Ratio has ranged from 0.78 to 8.12. According to the industry distribution chart, Neste OYJ ranks #701 out of 923 companies in the Oil & Gas industry, placing it in the top 75.9%.
Is Neste OYJ's PB Ratio too high?
Neste OYJ's current PB Ratio of 2.84 is 23% below median its 10-year median of 3.68. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 8.12. The Oil & Gas industry median PB Ratio is 1.44. Neste OYJ's value of 2.84 is 97.2% above this industry median. Based on the distribution chart, Neste OYJ ranks #701 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Neste OYJ has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's PB Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Neste OYJ ranks #701 out of 923 companies for PB Ratio. This places Neste OYJ in the lower half of its industry. The industry median PB Ratio is 1.44. Neste OYJ's value of 2.84 is 97.2% above this benchmark. Historically, Neste OYJ's own PB Ratio has ranged from 0.78 to 8.12 over the past decade. While the company's 10-year median is 3.68 vs. the industry median of 1.44, Neste OYJ has consistently been above 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 PB Ratio for an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.44, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Neste OYJ's current PB Ratio of 2.84 is 97.2% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Neste OYJ and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neste OYJ's current PB Ratio is 2.84, which is 23% below median its own 10-year median of 3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Neste OYJ (MEX:NESTEN) has a current PB Ratio of 2.84. The stock's GF Value™ is MXN412.25, compared to a current price of MXN593.47 — trading 44% above its estimated fair value. The current PB Ratio is 2.84, which is 23% below median its 10-year median of 3.68 and 97.2% above the Oil & Gas industry median of 1.44. Neste OYJ's overall GF Score™ is 80/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Neste OYJ (MEX:NESTEN), the current PB Ratio is 2.84 as of Jun. 24, 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 Neste OYJ (MEX:NESTEN) Overvalued in 2026?
Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued.
The current stock price of MXN593.47 is trading 44% above its estimated GF Value™ of MXN412.25.
Key valuation signals for MEX:NESTEN:
PB Ratio: 2.84 (23% below median its 10-year median of 3.68)
GF Value™: MXN412.25 vs. price of MXN593.47 (44% above fair value)
Industry Position: 97.2% above the Oil & Gas median (#701 of 923)
No single metric tells the full story. See the MEX:NESTEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
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