Kobe Steel Ltd (KBSTF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kobe Steel Ltd $18.26, price $13.85, upside +31.8%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Kobe Steel Ltd
KBSTF · USUndervaluedThe stock appears undervalued with acceptable quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.
How to read this chart
60‑month range $2.42 – $16.47 · fair‑value band $10.87 – $25.88 · the $13.85 price screens below the $18.26 fair value. As of Sep 24, 2026.
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Company profile
Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses worldwide. The company offers steel sheet products, including high-tensile strength, hot and cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates.
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Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses worldwide. The company offers steel sheet products, including high-tensile strength, hot and cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates. It also provides steel casting and forging products, such as crankshafts, marine parts, chemical processing equipment, and rolls; materials for plastic molding; and titanium products, copper sheets and strips, and steel powders. In addition, the company offers robots and electric power sources, and welding materials; and machinery products, including standard compressors, tire and rubber machinery products, rotating machinery products, plastic processing machinery products, advanced technology equipment, rolling mill products, and ultra-high-pressure equipment, as well as LNG vaporizers, pressure vessels, brazed aluminum heat exchangers, and micro channel heat exchangers and reactors. Further, it provides signaling, communication, power supply, automatic fare collection, and platform screen door systems; hydraulic and mini hydraulic excavators, mini wheel loaders, and road machinery; construction, metal, forestry, and industrial waste recycling machinery; and crawler and wheel cranes. Additionally, the company generates and supplies electric power; offers material and structural analysis, testing, physical analysis, and other services; manufactures and sells target materials and test equipment; sells and rents detached homes; and provides brokerage, renovation, insurance, and other services, as well as operational management services of public facilities. It also provides services in the field of iron units; and water treatment, waste incineration, PCB detoxification, and soil remediation services. The company was founded in 1905 and is headquartered in Kobe, Japan.
Stock analysis
Kobe Steel Ltd (KBSTF) currently trades at $13.85, while our model-based Fair Value estimate is $18.26, implying the stock looks roughly 24.2% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $26.70 per share, and 18 of the 22 models we run sit above the $13.85 price.
Bear case: the Earnings-Based group reads lowest at $12.64, and 4 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: $10.87 (bear) to $25.88 (bull), the price of $13.85 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kobe Steel Ltd reported revenue of ¥2.5T in FY2026 versus ¥2.1T in FY2022, a compound +4.2%/yr. Reported net income was ¥94.3B in FY2026, compounding +11.9%/yr from FY2022.
Key figures
Market cap $5.5B · P/E ratio 9.4 · P/S ratio 0.36 · EPS (TTM) $1.48 · Dividend yield 4.2% · Net margin 3.8% · Return on equity 7.6% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 32%, KBSTF screens cheaper than that median.
Fair Value models
All 22 models by family
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Set up alert →Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 74
Revenue & earnings trend
Growth Forecast
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Compare Kobe Steel Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 412 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $245.66 | $116.05 | −53% |
| Steel Dynamics, Inc STLD | $233.99 | $127.14 | −46% |
| JSW Steel Limited JSWSTEEL | ₹1,267 | ₹1,127 | −11% |
| Tata Steel Limited TATASTEEL | ₹184.97 | ₹147.13 | −20% |
| Reliance, Inc RS | $386.95 | $211.57 | −45% |
| Baoshan Iron & Steel Co 600019 | ¥5.73 | ¥8.07 | +41% |
| POSCO Holdings PKX | $59.05 | $68.58 | +16% |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥2.12 | ¥0.5500 | −74% |
| Jindal Steel Limited JINDALSTEL | ₹1,141 | ₹516.27 | −55% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,857 | ₹771.10 | −58% |
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Key figures of Kobe Steel Ltd
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