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Nitto KogyoNELEF 94 PB Ratio is 1.05 as of Jul. 21, 2026, which is 11% above its 10-year median of 0.95. GuruFocus rates NELEF with a GF Score™ of 94/100 and a GF Value™ of $21.76. The stock has 1 warning sign investors should review. Among 2,979 Industrial Products companies, Nitto Kogyo ranks better than 69.42% 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 (2026-07-21), Nitto Kogyo's share price is $21.65. Nitto Kogyo's Book Value per Share for the quarter that ended in Mar. 2026 was $20.55. Hence, Nitto Kogyo's PB Ratio of today is 1.05.
The historical rank and industry rank for Nitto Kogyo's PB Ratio or its related term are showing as below:
NELEF'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 0.95 Max: 1.66
Current: 1.32
During the past 13 years, Nitto Kogyo's highest PB Ratio was 1.66. The lowest was 0.58. And the median was 0.95.
NELEF's PB Ratio is ranked better than 69.42% of 2979
companies
in the Industrial Products industry
Industry Median: 2.1
vs NELEF: 1.32
During the past 12 months, Nitto Kogyo's average Book Value Per Share Growth Rate was 7.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nitto Kogyo was 7.60% per year. The lowest was 0.30% per year. And the median was 5.50% 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.
Nitto Kogyo PB Ratio Related Terms
Nitto Kogyo PB Ratio Historical Data
* Premium members only.
The historical data trend for Nitto Kogyo'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 Electrical Equipment & Parts subindustry, Nitto Kogyo'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.
Nitto Kogyo PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nitto Kogyo's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nitto Kogyo'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.
Nitto Kogyo'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.
Nitto Kogyo (NELEF) has a PB Ratio of 1.05 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nitto Kogyo and its competitors. This is 11% above median its historical median of 0.95. Over the past decade, Nitto Kogyo's PB Ratio has ranged from 0.58 to 1.66. According to the industry distribution chart, Nitto Kogyo ranks #911 out of 2979 companies in the Industrial Products industry, placing it in the top 30.6%.
Is Nitto Kogyo's PB Ratio too high?
Nitto Kogyo's current PB Ratio of 1.05 is 11% above median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.66. The Industrial Products industry median PB Ratio is 2.10. Nitto Kogyo's value of 1.05 is 50% below this industry median. Based on the distribution chart, Nitto Kogyo ranks #911 out of 2979 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nitto Kogyo has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Nitto Kogyo's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Nitto Kogyo ranks #911 out of 2979 companies for PB Ratio. This puts Nitto Kogyo in the upper half of its industry. The industry median PB Ratio is 2.10. Nitto Kogyo's value of 1.05 is 50% below this benchmark. Historically, Nitto Kogyo's own PB Ratio has ranged from 0.58 to 1.66 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 2.10, Nitto Kogyo 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 PB Ratio for an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.10, based on 2,979 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. Nitto Kogyo's current PB Ratio of 1.05 is 50% 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 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 Nitto Kogyo and its competitors. For the Industrial Products industry, the median PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Kogyo's current PB Ratio is 1.05, which is 11% above median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Kogyo stock overvalued right now?
Nitto Kogyo (NELEF) has a current PB Ratio of 1.05. The stock's GF Value™ is $21.76, compared to a current price of $21.65 — trading 0.5% below its estimated fair value. The current PB Ratio is 1.05, which is 11% above median its 10-year median of 0.95 and 50% below the Industrial Products industry median of 2.10. Nitto Kogyo's overall GF Score™ is 94/100 with 1 warning sign 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 Nitto Kogyo (NELEF), the current PB Ratio is 1.05 as of Jul. 21, 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 Nitto Kogyo (NELEF) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Kogyo stock appears to be undervalued.
The current stock price of $21.65 is trading 0.5% below its estimated GF Value™ of $21.76.
Key valuation signals for NELEF:
PB Ratio: 1.05 (11% above median its 10-year median of 0.95)
GF Value™: $21.76 vs. price of $21.65 (0.5% below fair value)
Industry Position: 50% below the Industrial Products median (#911 of 2979)
No single metric tells the full story. See the NELEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.
94GF Score
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