Nickel IndustriesASX:NIC -6.32%63 PB Ratio is 1.26 as of Jun. 25, 2026, which is 9% below its 10-year median of 1.38. GuruFocus rates ASX:NIC with a GF Score™ of 63/100 and a GF Value™ of A$0.74 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 2,358 Metals & Mining companies, Nickel Industries ranks better than 69.72% on this metric.
The historical rank and industry rank for Nickel Industries's PB Ratio or its related term are showing as below:
ASX:NIC'
s PB Ratio Range Over the Past 10 Years
Min: 0.61 Med: 1.38 Max: 3.6
Current: 1.26
During the past 8 years, Nickel Industries's highest PB Ratio was 3.60. The lowest was 0.61. And the median was 1.38.
ASX:NIC's PB Ratio is ranked better than 69.72% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.27
vs ASX:NIC: 1.26
During the past 12 months, Nickel Industries's average Book Value Per Share Growth Rate was -9.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.50% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Nickel Industries was 70.20% per year. The lowest was -0.50% per year. And the median was 15.10% 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.
Nickel Industries PB Ratio Related Terms
Nickel Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Nickel Industries'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 Other Industrial Metals & Mining subindustry, Nickel Industries'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.
Nickel Industries PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nickel Industries'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.
Nickel Industries (ASX:NIC) has a PB Ratio of 1.26 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nickel Industries and its competitors. This is near median its historical median of 1.38. Over the past decade, Nickel Industries' PB Ratio has ranged from 0.61 to 3.60. According to the industry distribution chart, Nickel Industries ranks #714 out of 2358 companies in the Metals & Mining industry, placing it in the top 30.3%.
Is Nickel Industries' PB Ratio too high?
Nickel Industries' current PB Ratio of 1.26 is near median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 3.60. The Metals & Mining industry median PB Ratio is 2.27. Nickel Industries' value of 1.26 is 44.5% below this industry median. Based on the distribution chart, Nickel Industries ranks #714 out of 2358 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nickel Industries has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #714 out of 2358 companies for PB Ratio. This puts Nickel Industries in the upper half of its industry. The industry median PB Ratio is 2.27. Nickel Industries' value of 1.26 is 44.5% below this benchmark. Historically, Nickel Industries' own PB Ratio has ranged from 0.61 to 3.60 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 2.27, Nickel Industries 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 Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.27, based on 2,358 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. Nickel Industries's current PB Ratio of 1.26 is 44.5% 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 Nickel Industries and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel Industries's current PB Ratio is 1.26, which is near median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.74, compared to a current price of A$0.89 — trading 20.3% above its estimated fair value. The current PB Ratio is 1.26, which is near median its 10-year median of 1.38 and 44.5% below the Metals & Mining industry median of 2.27. Nickel Industries' overall GF Score™ is 63/100 with 10 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 Nickel Industries (ASX:NIC), the current PB Ratio is 1.26 as of Jun. 25, 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 Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.89 is trading 20.3% above its estimated GF Value™ of A$0.74.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
PB Ratio: 1.26 (near median its 10-year median of 1.38)
GF Value™: A$0.74 vs. price of A$0.89 (20.3% above fair value)
Industry Position: 44.5% below the Metals & Mining median (#714 of 2358)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
63GF Score
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