Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Nokian TyresOHEL:TYRES +0.15%71 PB Ratio is 1.63 as of Jul. 14, 2026, which is 20% below its 10-year median of 2.04. GuruFocus rates OHEL:TYRES with a GF Score™ of 71/100 and a GF Value™ of €9.33 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,294 Vehicles & Parts companies, Nokian Tyres ranks worse than 56.11% 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 (2026-07-14), Nokian Tyres's share price is €13.26. Nokian Tyres's Book Value per Share for the quarter that ended in Mar. 2026 was €8.14. Hence, Nokian Tyres's PB Ratio of today is 1.63.
Warning Sign:
Nokian Tyres PLC stock PB Ratio (=1.63) is close to 3-year high of 1.63.
The historical rank and industry rank for Nokian Tyres's PB Ratio or its related term are showing as below:
OHEL:TYRES'
s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 2.04 Max: 3.94
Current: 1.63
During the past 13 years, Nokian Tyres's highest PB Ratio was 3.94. The lowest was 0.68. And the median was 2.04.
OHEL:TYRES's PB Ratio is ranked worse than 56.11% of 1294
companies
in the Vehicles & Parts industry
Industry Median: 1.38
vs OHEL:TYRES: 1.63
During the past 12 months, Nokian Tyres's average Book Value Per Share Growth Rate was -7.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nokian Tyres was 32.60% per year. The lowest was -7.80% per year. And the median was 5.90% 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.
Nokian Tyres PB Ratio Related Terms
Nokian Tyres PB Ratio Historical Data
* Premium members only.
The historical data trend for Nokian Tyres'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, Nokian Tyres'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.
Nokian Tyres PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nokian Tyres'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.
Nokian Tyres'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.
Nokian Tyres (OHEL:TYRES) has a PB Ratio of 1.63 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nokian Tyres and its competitors. This is 20% below median its historical median of 2.04. Over the past decade, Nokian Tyres' PB Ratio has ranged from 0.68 to 3.94. According to the industry distribution chart, Nokian Tyres ranks #726 out of 1294 companies in the Vehicles & Parts industry, placing it in the top 56.1%.
Is Nokian Tyres' PB Ratio too high?
Nokian Tyres' current PB Ratio of 1.63 is 20% below median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 3.94. The Vehicles & Parts industry median PB Ratio is 1.38. Nokian Tyres' value of 1.63 is 18.1% above this industry median. Based on the distribution chart, Nokian Tyres ranks #726 out of 1294 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Nokian Tyres has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokian Tyres' PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nokian Tyres ranks #726 out of 1294 companies for PB Ratio. This places Nokian Tyres in the lower half of its industry. The industry median PB Ratio is 1.38. Nokian Tyres' value of 1.63 is 18.1% above this benchmark. Historically, Nokian Tyres' own PB Ratio has ranged from 0.68 to 3.94 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 1.38, Nokian Tyres 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 1,294 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. Nokian Tyres's current PB Ratio of 1.63 is 18.1% 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 Nokian Tyres 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. Nokian Tyres's current PB Ratio is 1.63, which is 20% below median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Tyres stock overvalued right now?
Based on GuruFocus' analysis, Nokian Tyres (OHEL:TYRES) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.33, compared to a current price of €13.26 — trading 42.1% above its estimated fair value. The current PB Ratio is 1.63, which is 20% below median its 10-year median of 2.04 and 18.1% above the Vehicles & Parts industry median of 1.38. Nokian Tyres' overall GF Score™ is 71/100 with 11 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 Nokian Tyres (OHEL:TYRES), the current PB Ratio is 1.63 as of Jul. 14, 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 Nokian Tyres (OHEL:TYRES) Overvalued in 2026?
Based on GuruFocus' analysis, Nokian Tyres stock appears to be overvalued.
The current stock price of €13.26 is trading 42.1% above its estimated GF Value™ of €9.33.
GuruFocus considers Nokian Tyres to be Significantly Overvalued.
Key valuation signals for OHEL:TYRES:
PB Ratio: 1.63 (20% below median its 10-year median of 2.04)
GF Value™: €9.33 vs. price of €13.26 (42.1% above fair value)
Industry Position: 18.1% above the Vehicles & Parts median (#726 of 1294)
No single metric tells the full story. See the OHEL:TYRES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.
71GF Score
Get the complete analysis for OHEL:TYRES
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OHEL:TYRES has been successfully added to your 
