Kobe Steel (TSE:5406) PB Ratio : 0.71 (As of May. 16, 2024)

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What is Kobe Steel PB Ratio?

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 (2024-05-16), Kobe Steel's share price is 円1886.50. Kobe Steel's Book Value per Share for the quarter that ended in Dec. 2023 was 円2,675.12. Hence, Kobe Steel's PB Ratio of today is 0.71.

The historical rank and industry rank for Kobe Steel's PB Ratio or its related term are showing as below:

TSE:5406' s PB Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.5 Max: 1.17
Current: 0.71

During the past 13 years, Kobe Steel's highest PB Ratio was 1.17. The lowest was 0.15. And the median was 0.50.

TSE:5406's PB Ratio is ranked better than
66.12% of 608 companies
in the Steel industry
Industry Median: 1.015 vs TSE:5406: 0.71

During the past 12 months, Kobe Steel's average Book Value Per Share Growth Rate was 15.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Kobe Steel was 20.00% per year. The lowest was -3.30% per year. And the median was 1.05% per year.

Back to Basics: PB Ratio

Kobe Steel PB Ratio Historical Data

The historical data trend for Kobe Steel'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.

* Premium members only.

Kobe Steel PB Ratio Chart

Kobe Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

PB Ratio

Get a 7-Day Free Trial

0.18

0.38

0.29

0.45

0.77

Kobe Steel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															0.45	0.56	0.75	0.69	0.77

Competitive Comparison of Kobe Steel's PB Ratio

For the Steel subindustry, Kobe Steel'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.

Kobe Steel's PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kobe Steel's PB Ratio distribution charts can be found below:

* The bar in red indicates where Kobe Steel's PB Ratio falls into.

Kobe Steel PB Ratio Calculation

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.

Kobe Steel's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1886.50	/	2675.116
	=	0.71

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Kobe Steel (TSE:5406) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

Kobe Steel PB Ratio Related Terms

Thank you for viewing the detailed overview of Kobe Steel's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Kobe Steel (TSE:5406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kobe Steel Ltd (TSE:5406) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

KBSTF:USA KST:Germany

Address

2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, JPN, 651-8585

Website

http://www.kobelco.co.jp

Kobe Steel Ltd is a Japan-based company that is primarily engaged in iron and steel, aluminum and copper, construction machinery, nonconstruction machinery, and engineering businesses. Its iron and steel business involves production of steel products, steel casting and forging, and manufacturing of titanium and steel powder. Its aluminum and copper segment manufactures aluminum and copper products. Its construction machinery segment develops and manufactures construction equipment. The nonconstruction machinery segment offers industrial machinery, compressors and equipment for the nuclear and other energy industries. The engineering segment provides solutions to plants, power stations, and water treatment companies. Japan and China account for the majority of the company's revenue.

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