Nikko CoTSE:6306 -0.11%87 PB Ratio is 0.98 as of Jul. 12, 2026, which is 26% above its 10-year median of 0.78. GuruFocus rates TSE:6306 with a GF Score™ of 87/100 and a GF Value™ of 円830.90 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 202 Farm & Heavy Construction Machinery companies, Nikko Co ranks better than 68.81% 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 (2026-07-12), Nikko Co's share price is 円951.00. Nikko Co's Book Value per Share for the quarter that ended in Mar. 2026 was 円970.47. Hence, Nikko Co's PB Ratio of today is 0.98.
Warning Sign:
Nikko Co Ltd stock PB Ratio (=0.98) is close to 5-year high of 0.98.
The historical rank and industry rank for Nikko Co's PB Ratio or its related term are showing as below:
TSE:6306'
s PB Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.78 Max: 1.12
Current: 0.98
During the past 13 years, Nikko Co's highest PB Ratio was 1.12. The lowest was 0.44. And the median was 0.78.
TSE:6306's PB Ratio is ranked better than 68.81% of 202
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.525
vs TSE:6306: 0.98
During the past 12 months, Nikko 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 5.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nikko Co was 6.30% per year. The lowest was -2.00% per year. And the median was 2.15% 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.
Nikko Co PB Ratio Related Terms
Nikko Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Nikko 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 Farm & Heavy Construction Machinery subindustry, Nikko 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.
Nikko Co PB Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikko Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nikko 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.
Nikko 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.
Nikko Co (TSE:6306) has a PB Ratio of 0.98 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nikko Co and its competitors. This is 26% above median its historical median of 0.78. Over the past decade, Nikko Co's PB Ratio has ranged from 0.44 to 1.12. According to the industry distribution chart, Nikko Co ranks #63 out of 202 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 31.2%.
Is Nikko Co's PB Ratio too high?
Nikko Co's current PB Ratio of 0.98 is 26% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.12. The Farm & Heavy Construction Machinery industry median PB Ratio is 1.53. Nikko Co's value of 0.98 is 35.7% below this industry median. Based on the distribution chart, Nikko Co ranks #63 out of 202 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Nikko Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nikko Co's PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Nikko Co ranks #63 out of 202 companies for PB Ratio. This puts Nikko Co in the upper half of its industry. The industry median PB Ratio is 1.53. Nikko Co's value of 0.98 is 35.7% below this benchmark. Historically, Nikko Co's own PB Ratio has ranged from 0.44 to 1.12 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 1.53, Nikko 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 Farm & Heavy Construction Machinery company?
The median PB Ratio among Farm & Heavy Construction Machinery companies is 1.53, based on 202 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. Nikko Co's current PB Ratio of 0.98 is 35.7% 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 Nikko Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikko Co's current PB Ratio is 0.98, which is 26% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikko Co stock overvalued right now?
Based on GuruFocus' analysis, Nikko Co (TSE:6306) is currently considered Modestly Overvalued. The stock's GF Value™ is 円830.90, compared to a current price of 円951.00 — trading 14.5% above its estimated fair value. The current PB Ratio is 0.98, which is 26% above median its 10-year median of 0.78 and 35.7% below the Farm & Heavy Construction Machinery industry median of 1.53. Nikko Co's overall GF Score™ is 87/100 with 7 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 Nikko Co (TSE:6306), the current PB Ratio is 0.98 as of Jul. 12, 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 Nikko Co (TSE:6306) Overvalued in 2026?
Based on GuruFocus' analysis, Nikko Co stock appears to be overvalued.
The current stock price of 円951.00 is trading 14.5% above its estimated GF Value™ of 円830.90.
GuruFocus considers Nikko Co to be Modestly Overvalued.
Key valuation signals for TSE:6306:
PB Ratio: 0.98 (26% above median its 10-year median of 0.78)
GF Value™: 円830.90 vs. price of 円951.00 (14.5% above fair value)
Industry Position: 35.7% below the Farm & Heavy Construction Machinery median (#63 of 202)
No single metric tells the full story. See the TSE:6306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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