NOF (TSE:4403) Shares Outstanding (Basic Average): 231 Mil (As of Dec. 2025)


TSE:4403 NOF Corp TSE:4403
95 GF Score
Price 円2,623.50
GF Value 円2,908.85
Valuation Modestly Undervalued
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What is NOF Shares Outstanding (Basic Average)?

NOF TSE:4403 +0.15% 95 Shares Outstanding (Basic Average) is 231 Mil as of Dec. 2025. GuruFocus rates TSE:4403 with a GF Score™ of 95/100 and a GF Value™ of 円2,908.85 (Modestly Undervalued).

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. NOF's average basic shares outstanding for the quarter that ended in Dec. 2025 was 231 Mil.

NOF  (TSE:4403) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

NOF Shares Outstanding (Basic Average) Related Terms

NOF Shares Outstanding (Basic Average) Historical Data

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The historical data trend for NOF's Shares Outstanding (Basic Average) 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.

NOF Shares Outstanding (Basic Average) Chart

NOF Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 247.31 244.40 240.77 237.18 229.95

NOF Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (Basic Average) 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 Premium Member Only Premium Member Only Premium Member Only 237.18 232.70 231.53 230.71 229.95
TSE:4403
95GF Score
NOF Corp TSE:4403
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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NOF Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 231 Mil mean?
NOF (TSE:4403) has a Shares Outstanding (Basic Average) of 231 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on NOF and its competitors.
Is NOF's Shares Outstanding (Basic Average) too high?
NOF's current Shares Outstanding (Basic Average) is 231 Mil. Overall, NOF has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NOF's Shares Outstanding (Basic Average) compare to LIN and SHW?
NOF's Shares Outstanding (Basic Average) of 231 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Chemicals company?
A good Shares Outstanding (Basic Average) depends on the Chemicals industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on NOF and its competitors. NOF's current Shares Outstanding (Basic Average) is 231 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOF stock overvalued right now?
Based on GuruFocus' analysis, NOF (TSE:4403) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,908.85, compared to a current price of 円2,623.50 — trading 9.8% below its estimated fair value. The current Shares Outstanding (Basic Average) is 231 Mil. NOF's overall GF Score™ is 95/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For NOF (TSE:4403), the current Shares Outstanding (Basic Average) is 231 Mil 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 NOF (TSE:4403) Overvalued in 2026?

Based on GuruFocus' analysis, NOF stock appears to be undervalued. The current stock price of 円2,623.50 is trading 9.8% below its estimated GF Value™ of 円2,908.85. GuruFocus considers NOF to be Modestly Undervalued.

Key valuation signals for TSE:4403:

  • Shares Outstanding (Basic Average): 231 Mil
  • GF Value™: 円2,908.85 vs. price of 円2,623.50 (9.8% below fair value)
  • GF Score™: 95/100

No single metric tells the full story. See the TSE:4403 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NOF Business Description

Address 20-3 Ebisu 4-chome, Ebisu Garden Place Tower, Shibuya-ku, Tokyo, JPN, 150-6012
NOF Corp is engaged in the chemical manufacturing business. The Group has three reportable segments: Functional Chemicals Business, Pharmaceuticals, Medical and Healthcare Business, & Chemicals Business. The Functional Chemicals segment manufactures and sells fatty acids, surfactants, ethylene oxide/propylene oxide derivatives, organic peroxides, petrochemicals, functional polymers, electronic materials, and special rust prevention agents. The Pharmaceuticals, Medical and Healthcare segment produces pharmaceutical and functional food ingredients, health-related products, biocompatible materials, and raw materials for DDS pharmaceutical formulations. The Chemicals segment manufactures and sells industrial explosives, space-related products, defense-related products, and functional products.
95GF Score

Get the complete analysis for TSE:4403

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,623.50
Price
円2,908.85
GF Value