Nippon SteelNISTF -1.19%70 PB Ratio is 0.50 as of Jun. 25, 2026, which is 18% below its 10-year median of 0.61. GuruFocus rates NISTF with a GF Score™ of 70/100 and a GF Value™ of $4.62 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 613 Steel companies, Nippon Steel ranks better than 74.06% 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 (2026-06-25), Nippon Steel's share price is $3.33. Nippon Steel's Book Value per Share for the quarter that ended in Mar. 2026 was $6.67. Hence, Nippon Steel's PB Ratio of today is 0.50.
Good Sign:
Nippon Steel Corp stock PB Ratio (=0.52) is close to 5-year low of 0.47.
The historical rank and industry rank for Nippon Steel's PB Ratio or its related term are showing as below:
NISTF'
s PB Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.61 Max: 0.95
Current: 0.51
During the past 13 years, Nippon Steel's highest PB Ratio was 0.95. The lowest was 0.28. And the median was 0.61.
NISTF's PB Ratio is ranked better than 74.06% of 613
companies
in the Steel industry
Industry Median: 0.97
vs NISTF: 0.51
During the past 12 months, Nippon Steel's average Book Value Per Share Growth Rate was 2.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nippon Steel was 28.60% per year. The lowest was -5.50% per year. And the median was 3.50% 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.
Nippon Steel PB Ratio Related Terms
Nippon Steel PB Ratio Historical Data
* Premium members only.
The historical data trend for Nippon 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.
For the Steel subindustry, Nippon 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.
Nippon Steel PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Steel's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nippon Steel'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.
Nippon Steel'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.
Nippon Steel (NISTF) has a PB Ratio of 0.50 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 Nippon Steel and its competitors. This is 18% below median its historical median of 0.61. Over the past decade, Nippon Steel's PB Ratio has ranged from 0.28 to 0.95. According to the industry distribution chart, Nippon Steel ranks #159 out of 613 companies in the Steel industry, placing it in the top 25.9%.
Is Nippon Steel's PB Ratio too high?
Nippon Steel's current PB Ratio of 0.50 is 18% below median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.95. The Steel industry median PB Ratio is 0.97. Nippon Steel's value of 0.50 is 48.5% below this industry median. Based on the distribution chart, Nippon Steel ranks #159 out of 613 companies in the Steel industry, which is above the industry midpoint. Overall, Nippon Steel has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Steel's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Nippon Steel ranks #159 out of 613 companies for PB Ratio. This puts Nippon Steel in the upper half of its industry. The industry median PB Ratio is 0.97. Nippon Steel's value of 0.50 is 48.5% below this benchmark. Historically, Nippon Steel's own PB Ratio has ranged from 0.28 to 0.95 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.97, Nippon Steel 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 0.97, based on 613 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. Nippon Steel's current PB Ratio of 0.50 is 48.5% 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 Nippon Steel and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Steel's current PB Ratio is 0.50, which is 18% below median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Steel stock overvalued right now?
Based on GuruFocus' analysis, Nippon Steel (NISTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.62, compared to a current price of $3.33 — trading 27.9% below its estimated fair value. The current PB Ratio is 0.50, which is 18% below median its 10-year median of 0.61 and 48.5% below the Steel industry median of 0.97. Nippon Steel's overall GF Score™ is 70/100 with 8 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 Nippon Steel (NISTF), the current PB Ratio is 0.50 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 Nippon Steel (NISTF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Steel stock appears to be undervalued.
The current stock price of $3.33 is trading 27.9% below its estimated GF Value™ of $4.62.
GuruFocus considers Nippon Steel to be Modestly Undervalued.
Key valuation signals for NISTF:
PB Ratio: 0.50 (18% below median its 10-year median of 0.61)
GF Value™: $4.62 vs. price of $3.33 (27.9% below fair value)
Industry Position: 48.5% below the Steel median (#159 of 613)
No single metric tells the full story. See the NISTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Steel Corp is mainly engaged in the steel manufacturing business, engineering business, chemical & material business, and system solution business. The company operates through four business segments. The Chemicals & Materials segment manufactures and sells coal chemicals, petrochemicals, electronic materials, semiconductors, carbon fibers, composites, and processed metal products. The Engineering segment handles industrial machinery, steel structures, construction contracting, waste disposal, recycling, and energy supply. The Steel segment focuses on the production and sale of steel products. The System Solutions segment provides IT consulting, outsourcing, and related services. It generates the majority of its revenue from the Steel segment.
70GF Score
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