Nireco Corp
TSE:6863

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Nireco Corp
TSE:6863
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Price: 2 114 JPY -0.05% Market Closed
Market Cap: ¥14.2B

P/B

0.9
Current
32%
More Expensive
vs 3-y average of 0.7

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.9
=
Market Cap
¥16.4B
/
Total Equity
¥16.4B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.9
=
Market Cap
¥16.4B
/
Total Equity
¥16.4B

Valuation Scenarios

Nireco Corp is trading above its 3-year average

If P/B returns to its 3-Year Average (0.7), the stock would be worth ¥1 596.86 (24% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-36%
Maximum Upside
+53%
Average Upside
11%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.9 ¥2 114
0%
3-Year Average 0.7 ¥1 596.86
-24%
5-Year Average 0.6 ¥1 360.76
-36%
Industry Average 1.4 ¥3 164.57
+50%
Country Average 1.4 ¥3 235.03
+53%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
JP
Nireco Corp
TSE:6863
15.1B JPY 0.9 11
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 0 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 24 437.1 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 1 29.8
US
Parker-Hannifin Corp
NYSE:PH
121.4B USD 8.3 33.7
JP
Freund Corp
TSE:6312
16.9T JPY 1 012.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
16.1T JPY 6.2 57.4
SE
Atlas Copco AB
STO:ATCO A
839.4B SEK 7.6 31.8
US
Illinois Tool Works Inc
NYSE:ITW
77.5B USD 23.8 25.1
US
Barnes Group Inc
NYSE:B
65.6B USD 2.4 12.8
SE
Sandvik AB
STO:SAND
477B SEK 4.8 32.2

Market Distribution

Lower than 79% of companies in Japan
Percentile
21th
Based on 5 195 companies
21th percentile
0.9
Low
0 — 1.1
Typical Range
1.1 — 2.1
High
2.1 —
Distribution Statistics
Japan
Min 0
30th Percentile 1.1
Median 1.4
70th Percentile 2.1
Max 31 732 017.6

Nireco Corp
Glance View

Market Cap
14.2B JPY
Industry
Machinery

Nireco Corp. engages in the development, manufacture and sale of control, measurement and testing equipment for industrial use. The company is headquartered in Hachioji-Shi, Tokyo-To and currently employs 427 full-time employees. The firm operates in three business segments. The Process segment offers process control equipment, automatic identification printing equipment, edge position control equipment for metal, level gauges for vortex molten steel and wide board gauges, among others. The Web segment provides edge position control equipment for printing and films, tension control equipment, registration control equipment and starch equipment. The Inspection Equipment segment offers plain inspection equipment, image processing and analyzing equipment, near-infrared analyzing system and fruit sorting equipment, among others. As of March 31, 2014, the Company had three subsidiaries.

Intrinsic Value
3 089.44 JPY
Undervaluation 32%
Intrinsic Value
Price ¥2 114
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