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Nitto DenkoTSE:6988 +3.20%85 PB Ratio is 1.95 as of Jul. 15, 2026, which is 12% above its 10-year median of 1.74. GuruFocus rates TSE:6988 with a GF Score™ of 85/100 and a GF Value™ of 円2,972.54 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,576 Chemicals companies, Nitto Denko ranks worse than 56.22% 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 (2026-07-15), Nitto Denko's share price is 円3324.00. Nitto Denko's Book Value per Share for the quarter that ended in Mar. 2026 was 円1,704.16. Hence, Nitto Denko's PB Ratio of today is 1.95.
The historical rank and industry rank for Nitto Denko's PB Ratio or its related term are showing as below:
TSE:6988'
s PB Ratio Range Over the Past 10 Years
Min: 0.94 Med: 1.74 Max: 2.64
Current: 1.95
During the past 13 years, Nitto Denko's highest PB Ratio was 2.64. The lowest was 0.94. And the median was 1.74.
TSE:6988's PB Ratio is ranked worse than 56.22% of 1576
companies
in the Chemicals industry
Industry Median: 1.7
vs TSE:6988: 1.95
During the past 12 months, Nitto Denko's average Book Value Per Share Growth Rate was 13.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nitto Denko was 14.00% per year. The lowest was 1.70% per year. And the median was 7.50% 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.
Nitto Denko PB Ratio Related Terms
Nitto Denko PB Ratio Historical Data
* Premium members only.
The historical data trend for Nitto Denko'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 Specialty Chemicals subindustry, Nitto Denko'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.
Nitto Denko PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nitto Denko's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nitto Denko'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.
Nitto Denko'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.
Nitto Denko (TSE:6988) has a PB Ratio of 1.95 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nitto Denko and its competitors. This is 12% above median its historical median of 1.74. Over the past decade, Nitto Denko's PB Ratio has ranged from 0.94 to 2.64. According to the industry distribution chart, Nitto Denko ranks #886 out of 1576 companies in the Chemicals industry, placing it in the top 56.2%.
Is Nitto Denko's PB Ratio too high?
Nitto Denko's current PB Ratio of 1.95 is 12% above median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 2.64. The Chemicals industry median PB Ratio is 1.70. Nitto Denko's value of 1.95 is 14.7% above this industry median. Based on the distribution chart, Nitto Denko ranks #886 out of 1576 companies in the Chemicals industry, which is below the industry midpoint. Overall, Nitto Denko has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitto Denko's PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nitto Denko ranks #886 out of 1576 companies for PB Ratio. This places Nitto Denko in the lower half of its industry. The industry median PB Ratio is 1.70. Nitto Denko's value of 1.95 is 14.7% above this benchmark. Historically, Nitto Denko's own PB Ratio has ranged from 0.94 to 2.64 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 1.70, Nitto Denko 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.70, based on 1,576 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. Nitto Denko's current PB Ratio of 1.95 is 14.7% 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 Nitto Denko and its competitors. For the Chemicals industry, the median PB Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Denko's current PB Ratio is 1.95, which is 12% above median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Denko stock overvalued right now?
Based on GuruFocus' analysis, Nitto Denko (TSE:6988) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,972.54, compared to a current price of 円3,324.00 — trading 11.8% above its estimated fair value. The current PB Ratio is 1.95, which is 12% above median its 10-year median of 1.74 and 14.7% above the Chemicals industry median of 1.70. Nitto Denko's overall GF Score™ is 85/100 with 2 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 Nitto Denko (TSE:6988), the current PB Ratio is 1.95 as of Jul. 15, 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 Nitto Denko (TSE:6988) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Denko stock appears to be overvalued.
The current stock price of 円3,324.00 is trading 11.8% above its estimated GF Value™ of 円2,972.54.
GuruFocus considers Nitto Denko to be Modestly Overvalued.
Key valuation signals for TSE:6988:
PB Ratio: 1.95 (12% above median its 10-year median of 1.74)
GF Value™: 円2,972.54 vs. price of 円3,324.00 (11.8% above fair value)
Industry Position: 14.7% above the Chemicals median (#886 of 1576)
No single metric tells the full story. See the TSE:6988 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Denko is a manufacturer of advanced materials for niche industry applications. Its three segments are industrial tape (35% of revenue), optical films (55%), and materials used in health science (10%). Its advanced materials are used in manufacturing with main customers being suppliers to original equipment manufacturers in the computer, smartphone, and automobile industries. The company has more than 15,000 products. Most revenue is from Asia/Oceania (60%), followed by Japan (20%). The remainder is roughly equally split between Americas and Europe, each representing about 10% of revenue.
85GF Score
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