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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 (2026-07-22), HOKUETSU METAL Co's share price is 円1126.00. HOKUETSU METAL Co's Book Value per Share for the quarter that ended in Mar. 2026 was 円4,643.19. Hence, HOKUETSU METAL Co's PB Ratio of today is 0.24.
Good Sign:
HOKUETSU METAL Co Ltd stock PB Ratio (=0.24) is close to 10-year low of 0.22.
The historical rank and industry rank for HOKUETSU METAL Co's PB Ratio or its related term are showing as below:
TSE:5446'
s PB Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.3 Max: 0.45
Current: 0.24
During the past 13 years, HOKUETSU METAL Co's highest PB Ratio was 0.45. The lowest was 0.22. And the median was 0.30.
TSE:5446's PB Ratio is ranked better than 93.11% of 610
companies
in the Steel industry
Industry Median: 0.96
vs TSE:5446: 0.24
During the past 12 months, HOKUETSU METAL Co's average Book Value Per Share Growth Rate was 0.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HOKUETSU METAL Co was 4.90% per year. The lowest was 0.40% per year. And the median was 1.75% 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.
HOKUETSU METAL Co PB Ratio Related Terms
HOKUETSU METAL Co PB Ratio Historical Data
* Premium members only.
The historical data trend for HOKUETSU METAL Co'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 Steel subindustry, HOKUETSU METAL Co'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.
HOKUETSU METAL Co PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, HOKUETSU METAL Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where HOKUETSU METAL Co'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.
* 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.
HOKUETSU METAL Co (TSE:5446) has a PB Ratio of 0.24 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HOKUETSU METAL Co and its competitors. This is 20% below median its historical median of 0.30. Over the past decade, HOKUETSU METAL Co's PB Ratio has ranged from 0.22 to 0.45. According to the industry distribution chart, HOKUETSU METAL Co ranks #42 out of 610 companies in the Steel industry, placing it in the top 6.9%.
Is HOKUETSU METAL Co's PB Ratio too high?
HOKUETSU METAL Co's current PB Ratio of 0.24 is 20% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.45. The Steel industry median PB Ratio is 0.96. HOKUETSU METAL Co's value of 0.24 is 75% below this industry median. Based on the distribution chart, HOKUETSU METAL Co ranks #42 out of 610 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, HOKUETSU METAL Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HOKUETSU METAL Co's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, HOKUETSU METAL Co ranks #42 out of 610 companies for PB Ratio. This places HOKUETSU METAL Co in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. HOKUETSU METAL Co's value of 0.24 is 75% below this benchmark. Historically, HOKUETSU METAL Co's own PB Ratio has ranged from 0.22 to 0.45 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.96, HOKUETSU METAL Co 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 a Steel company?
The median PB Ratio among Steel companies is 0.96, based on 610 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. HOKUETSU METAL Co's current PB Ratio of 0.24 is 75% 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 HOKUETSU METAL Co and its competitors. For the Steel industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HOKUETSU METAL Co's current PB Ratio is 0.24, which is 20% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HOKUETSU METAL Co stock overvalued right now?
Based on GuruFocus' analysis, HOKUETSU METAL Co (TSE:5446) is currently considered Fairly Valued. The stock's GF Value™ is 円1,097.17, compared to a current price of 円1,126.00 — trading 2.6% above its estimated fair value. The current PB Ratio is 0.24, which is 20% below median its 10-year median of 0.30 and 75% below the Steel industry median of 0.96. HOKUETSU METAL Co's overall GF Score™ is 60/100 with 4 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 HOKUETSU METAL Co (TSE:5446), the current PB Ratio is 0.24 as of Jul. 22, 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 HOKUETSU METAL Co (TSE:5446) Overvalued in 2026?
Based on GuruFocus' analysis, HOKUETSU METAL Co stock appears to be overvalued.
The current stock price of 円1,126.00 is trading 2.6% above its estimated GF Value™ of 円1,097.17.
GuruFocus considers HOKUETSU METAL Co to be Fairly Valued.
Key valuation signals for TSE:5446:
PB Ratio: 0.24 (20% below median its 10-year median of 0.30)
GF Value™: 円1,097.17 vs. price of 円1,126.00 (2.6% above fair value)
Industry Position: 75% below the Steel median (#42 of 610)
No single metric tells the full story. See the TSE:5446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HOKUETSU METAL Co Ltd operates in the iron and steel industry. The principal business activities of the company include the manufacturing and processing of primary products such as steel, non-base metals and alloys, steel structures, and various other mechanical devices.
60GF Score
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