Nickel Industries (ASX:NIC) ROE % Adjusted to Book Value: -5.52% (As of Dec. 2025)


ASX:NIC Nickel Industries Ltd ASX:NIC
65 GF Score
Price A$0.91
GF Value A$0.74
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Nickel Industries ROE % Adjusted to Book Value?

Nickel Industries ASX:NIC +1.11% 65 ROE % Adjusted to Book Value is -5.52% as of Dec. 2025. GuruFocus rates ASX:NIC with a GF Score™ of 65/100 and a GF Value™ of A$0.74 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Nickel Industries's ROE % for the quarter that ended in Dec. 2025 was -6.51%. Nickel Industries's PB Ratio for the quarter that ended in Dec. 2025 was 1.18. Nickel Industries's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -5.52%.


Nickel Industries ROE % Adjusted to Book Value Related Terms


Nickel Industries ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Nickel Industries's ROE % Adjusted to Book Value 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.

Nickel Industries ROE % Adjusted to Book Value Chart

Nickel Industries Annual Data
Trend Jun18 Jun19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 5.74 10.38 7.99 -7.21 -2.27

Nickel Industries Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.78 0.44 -15.01 1.14 -5.52

Nickel Industries ROE % Adjusted to Book Value Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Nickel Industries's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Nickel Industries ROE % Adjusted to Book Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nickel Industries's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Nickel Industries's ROE % Adjusted to Book Value falls into.


ASX:NIC
65GF Score
Nickel Industries Ltd ASX:NIC
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nickel Industries ROE % Adjusted to Book Value Calculation

Nickel Industries's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-2.68% / 1.18
=-2.27%

Nickel Industries's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-6.51% / 1.18
=-5.52%

* 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.

What does a ROE % Adjusted to Book Value of -5.52% mean?
Nickel Industries (ASX:NIC) has a ROE % Adjusted to Book Value of -5.52% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Nickel Industries and its competitors.
Is Nickel Industries' ROE % Adjusted to Book Value too high?
Nickel Industries' current ROE % Adjusted to Book Value is -5.52%. Overall, Nickel Industries has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' ROE % Adjusted to Book Value compare to competitors?
Nickel Industries' ROE % Adjusted to Book Value of -5.52% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Metals & Mining company?
A good ROE % Adjusted to Book Value depends on the Metals & Mining industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Nickel Industries and its competitors. Nickel Industries's current ROE % Adjusted to Book Value is -5.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.74, compared to a current price of A$0.91 — trading 23% above its estimated fair value. The current ROE % Adjusted to Book Value is -5.52%. Nickel Industries' overall GF Score™ is 65/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Nickel Industries (ASX:NIC), the current ROE % Adjusted to Book Value is -5.52% as of Dec. 2025. 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 Nickel Industries (ASX:NIC) Overvalued in 2026?

Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued. The current stock price of A$0.91 is trading 23% above its estimated GF Value™ of A$0.74. GuruFocus considers Nickel Industries to be Modestly Overvalued.

Key valuation signals for ASX:NIC:

  • ROE % Adjusted to Book Value: -5.52%
  • GF Value™: A$0.74 vs. price of A$0.91 (23% above fair value)
  • GF Score™: 65/100 with 10 warning signs

No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nickel Industries Business Description

Other Exchanges NICMF:USANM5:Germany
Address 66 Hunter Street, Level 2, Sydney, NSW, AUS, 2000
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
65GF Score

Get the complete analysis for ASX:NIC

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.91
Price
A$0.74
GF Value