NHK Spring CoNHKGF 78 PB Ratio is 1.80 as of Jun. 27, 2026, which is 128% above its 10-year median of 0.79. GuruFocus rates NHKGF with a GF Score™ of 78/100 and a GF Value™ of $11.30 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,295 Vehicles & Parts companies, NHK Spring Co ranks worse than 60.62% 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 (2026-06-27), NHK Spring Co's share price is $24.51. NHK Spring Co's Book Value per Share for the quarter that ended in Mar. 2026 was $13.61. Hence, NHK Spring Co's PB Ratio of today is 1.80.
Warning Sign:
NHK Spring Co Ltd stock PB Ratio (=1.89) is close to 10-year high of 1.89.
The historical rank and industry rank for NHK Spring Co's PB Ratio or its related term are showing as below:
NHKGF'
s PB Ratio Range Over the Past 10 Years
Min: 0.53 Med: 0.79 Max: 1.89
Current: 1.89
During the past 13 years, NHK Spring Co's highest PB Ratio was 1.89. The lowest was 0.53. And the median was 0.79.
NHKGF's PB Ratio is ranked worse than 60.62% of 1295
companies
in the Vehicles & Parts industry
Industry Median: 1.38
vs NHKGF: 1.89
During the past 12 months, NHK Spring Co's average Book Value Per Share Growth Rate was 8.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of NHK Spring Co was 18.10% per year. The lowest was -2.40% per year. And the median was 10.20% 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.
NHK Spring Co PB Ratio Related Terms
NHK Spring Co PB Ratio Historical Data
* Premium members only.
The historical data trend for NHK Spring 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 Auto Parts subindustry, NHK Spring 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.
NHK Spring Co PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NHK Spring Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where NHK Spring 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.
NHK Spring Co'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.
NHK Spring Co (NHKGF) has a PB Ratio of 1.80 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on NHK Spring Co and its competitors. This is 128% above median its historical median of 0.79. Over the past decade, NHK Spring Co's PB Ratio has ranged from 0.53 to 1.89. According to the industry distribution chart, NHK Spring Co ranks #785 out of 1295 companies in the Vehicles & Parts industry, placing it in the top 60.6%.
Is NHK Spring Co's PB Ratio too high?
NHK Spring Co's current PB Ratio of 1.80 is 128% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.89. The Vehicles & Parts industry median PB Ratio is 1.38. NHK Spring Co's value of 1.80 is 30.4% above this industry median. Based on the distribution chart, NHK Spring Co ranks #785 out of 1295 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, NHK Spring Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NHK Spring Co's PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, NHK Spring Co ranks #785 out of 1295 companies for PB Ratio. This places NHK Spring Co in the lower half of its industry. The industry median PB Ratio is 1.38. NHK Spring Co's value of 1.80 is 30.4% above this benchmark. Historically, NHK Spring Co's own PB Ratio has ranged from 0.53 to 1.89 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.38, NHK Spring Co 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 a Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.38, based on 1,295 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. NHK Spring Co's current PB Ratio of 1.80 is 30.4% 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 NHK Spring Co and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NHK Spring Co's current PB Ratio is 1.80, which is 128% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NHK Spring Co stock overvalued right now?
Based on GuruFocus' analysis, NHK Spring Co (NHKGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.30, compared to a current price of $24.51 — trading 116.9% above its estimated fair value. The current PB Ratio is 1.80, which is 128% above median its 10-year median of 0.79 and 30.4% above the Vehicles & Parts industry median of 1.38. NHK Spring Co's overall GF Score™ is 78/100 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 NHK Spring Co (NHKGF), the current PB Ratio is 1.80 as of Jun. 27, 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 NHK Spring Co (NHKGF) Overvalued in 2026?
Based on GuruFocus' analysis, NHK Spring Co stock appears to be overvalued.
The current stock price of $24.51 is trading 116.9% above its estimated GF Value™ of $11.30.
GuruFocus considers NHK Spring Co to be Significantly Overvalued.
Key valuation signals for NHKGF:
PB Ratio: 1.80 (128% above median its 10-year median of 0.79)
GF Value™: $11.30 vs. price of $24.51 (116.9% above fair value)
Industry Position: 30.4% above the Vehicles & Parts median (#785 of 1295)
No single metric tells the full story. See the NHKGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company operates through five segments. The Disc drive suspension (DDS) segment covers disc drive suspension products. The Industrial Equipment segment includes semiconductor process parts, ceramic products, spring mechanisms, piping support devices, parking devices, and other equipment. The Precision Parts segment handles HDD components, wire, and thin plate springs, motor cores, probe units, fasteners, and other precision products. The Sheet segment provides automobile seats, seat mechanisms, and interior parts, while the Suspension Spring segment offers coil springs, leaf springs, stabilizers, accumulators, torsion bars, and related components.
78GF Score
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