JFE Holdings is one of Japan's two largest integrated steelmakers, producing hot-rolled and cold-rolled sheet, plates and steel pipe, with its steel operations alongside engineering and trading businesses. Its edge is scale and a domestic position in automotive and infrastructure steel, though margins are thin: a 1.1% operating margin and 11.3% gross margin leave little room for error in a cyclical, price-taking industry. Revenue grew 4.1%, but a 3.8% ROE and a trailing P/E of 16.6 against a forward P/E of 5.5 signal that the market expects earnings to rebound sharply, a bet that depends on steel spreads and Japanese industrial demand holding up. The forward multiple is the reason to look closer, but the thin margins mean a deeper review needs to test how much of that rebound is already priced in before anyone takes a view.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | ¥2025 | first publication | ¥1759 |
Answered from JFE Holdings, Inc. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| 5411.T JFE Holdings, Inc. | ¥1735.00 | - | - | 16.4x | 3.8% | 29 | 59 |
| SAIL.NS Steel Authority of India Limited | ₹164.34 | - | - | 15.9x | - | 67 | 67 |
| CLF Cleveland-Cliffs Inc. Common Stock | $13.90 | - | - | - | -7.3% | 27 | 48 |
| NMDC.NS NMDC Limited | ₹66.35 | - | - | 7.8x | 23.4% | 91 | 57 |
| JSL.NS Jindal Stainless Limited | ₹687.40 | - | - | 17.0x | - | 60 | 57 |
| APLAPOLLO.NS APL Apollo Tubes Limited | ₹2033.70 | - | - | 45.9x | - | 56 | 51 |
| VK.PA Vallourec S.A. | €18.11 | €17 | 8% above | 13.3x | 15.8% | 64 | 61 |
Where 5411.T ranks against its sector peers on each metric.