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Nippon Steel Corporation 5401.T

JP · Tokyo Stock Exchange · XTKS · stock · Basic Materials · website

Nippon Steel Corporation statistics & valuation

Market cap¥3.40T
P / E198.3×
P / S0.3×
P / B0.6×
Net margin0.2%
FCF margin-1.7%
Net debt¥4.71T
Enterprise value USD$51.5B
Earnings yield EBIT/EV5.3%
Return on capital3.7%
Graham number -59.2%¥279.45

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (¥279.45); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.70% 6.20% 4.00% 0.20% 2023202420252026
Gross margin (%)
16.20% 15.60% 15.80% 14.40% 2023202420252026
Operating margin (%)
10.20% 8.20% 6.40% 4.30% 2023202420252026
Return on equity (%)
16.60% 11.50% 6.50% 0.30% 2023202420252026
Shares outstanding
5.23B 5.23B 5.23B 5.23B 2023202420252026
Net debt (¥)
¥2.03T ¥2.26T ¥1.83T ¥4.71T 2023202420252026
Share buybacks (¥)
¥58.0M ¥73.0M ¥58.0M ¥29.0M 2023202420252026
Return on assets (%)
7.30% 5.10% 3.20% 0.10% 2023202420252026
Free cash flow margin (%)
2.40% 6.10% 4.10% -1.70% 2023202420252026
Debt / equity (×)
0.65× 0.57× 0.47× 0.94× 2023202420252026
EPS (¥)
¥134.38 ¥105.59 ¥67.03 ¥3.28 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Nippon Steel Corporation trades at about 209× earnings — above its 10-year norm (10-year range 4.3×–174.5×, median 9×).

4.3× 209×

Shaded band = 10-year range (4.3×–174.5×); dot = today's 209×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin14.4%15.8%15.6%16.2%
Operating margin4.3%6.4%8.2%10.2%
Net margin0.2%4.0%6.2%8.7%
FCF margin-1.7%4.1%6.1%2.4%
Return on assets0.1%3.2%5.1%7.3%
Return on equity0.3%6.5%11.5%16.6%
Current ratio1.781.951.771.94

Computed from company filings · JP · as of 2026-03-31. Figures in JPY. Facts plus Stocktoria's own computed scores — not investment advice.