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Nichia Steel WorksTSE:5658 +1.49%66 3-Year Share Buyback Ratio is 2.40 as of Jun. 2026, which is 860% above its 10-year median of 0.25. GuruFocus rates TSE:5658 with a GF Score™ of 66/100 and a GF Value™ of 円327.36 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,844 Industrial Products companies, Nichia Steel Works ranks better than 95.93% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Nichia Steel Works's current 3-Year Share Buyback Ratio was 2.40%.
The historical rank and industry rank for Nichia Steel Works's 3-Year Share Buyback Ratio or its related term are showing as below:
TSE:5658'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: 0 Med: 0.25 Max: 2.4
Current: 2.4
During the past 13 years, Nichia Steel Works's highest 3-Year Share Buyback Ratio was 2.40%. The lowest was 0.00%. And the median was 0.25%.
TSE:5658's 3-Year Share Buyback Ratio is ranked better than 95.93% of 1844
companies
in the Industrial Products industry
Industry Median: -1.2
vs TSE:5658: 2.40
Nichia Steel Works (TSE:5658) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Nichia Steel Works 3-Year Share Buyback Ratio Related Terms
TSE:5658 vs SNA, RBC, LECO: 3-Year Share Buyback Ratio Comparison
For the Tools & Accessories subindustry, Nichia Steel Works's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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.
Nichia Steel Works 3-Year Share Buyback Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nichia Steel Works's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Nichia Steel Works's 3-Year Share Buyback Ratio falls into.
Nichia Steel Works 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 2.40 mean?
Nichia Steel Works (TSE:5658) has a 3-Year Share Buyback Ratio of 2.40 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Nichia Steel Works and its competitors. This is 860% above median its historical median of 0.25. According to the industry distribution chart, Nichia Steel Works ranks #75 out of 1844 companies in the Industrial Products industry, placing it in the top 4.1%.
Is Nichia Steel Works' 3-Year Share Buyback Ratio too high?
Nichia Steel Works' current 3-Year Share Buyback Ratio of 2.40 is 860% above median its 10-year median of 0.25. Based on the distribution chart, Nichia Steel Works ranks #75 out of 1844 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Nichia Steel Works has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichia Steel Works' 3-Year Share Buyback Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Nichia Steel Works ranks #75 out of 1844 companies for 3-Year Share Buyback Ratio. This places Nichia Steel Works in the top 4% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for an Industrial Products company?
A good 3-Year Share Buyback Ratio depends on the Industrial Products industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Nichia Steel Works and its competitors. Nichia Steel Works's current 3-Year Share Buyback Ratio is 2.40, which is 860% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichia Steel Works stock overvalued right now?
Based on GuruFocus' analysis, Nichia Steel Works (TSE:5658) is currently considered Modestly Overvalued. The stock's GF Value™ is 円327.36, compared to a current price of 円410.00 — trading 25.2% above its estimated fair value. The current 3-Year Share Buyback Ratio is 2.40, which is 860% above median its 10-year median of 0.25. Nichia Steel Works' overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Nichia Steel Works (TSE:5658), the current 3-Year Share Buyback Ratio is 2.40 as of Jun. 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 Nichia Steel Works (TSE:5658) Overvalued in 2026?
Based on GuruFocus' analysis, Nichia Steel Works stock appears to be overvalued.
The current stock price of 円410.00 is trading 25.2% above its estimated GF Value™ of 円327.36.
GuruFocus considers Nichia Steel Works to be Modestly Overvalued.
Key valuation signals for TSE:5658:
3-Year Share Buyback Ratio: 2.40 (860% above median its 10-year median of 0.25)
GF Value™: 円327.36 vs. price of 円410.00 (25.2% above fair value)
No single metric tells the full story. See the TSE:5658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichia Steel Works Ltd is a manufacturer of steel wire products, fasteners and related products. The products are used in various fields such as construction and civil infrastructure. It offers low carbon steel wire products, hard drawn steel wire products, fasteners & special products and other special finished products.
66GF Score
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