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POSCO Holdings (005490) Fair Value & Analysis

Basic Materials · KR · Market cap 23.7T KRW (≈ $16.6B) · ISIN KR7005490008

What is POSCO Holdings really worth?

PH POSCO Holdings 005490 · KO
Price337,000 KRW
Fair Value240,001 KRW
Upside−28.8%
Quality45/100

Below-average quality, and trading another 40% above our fair value of 240,001 KRW.

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Risks

!Weak Growth (revenue 5y +3.6 %/yr)
!Thin margins · 1.2% net margin
!Low debt · negative free cash flow
!Trails peers (3/11)
!Narrow moat 27/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 13 out of 100
!Weak on past: 5 out of 100

For context

·2.82% dividend yield
Evidence: Medium Range 180,001 KRW – 300,001 KRW

Fair value as of: Aug 29, 2026

From 14 valuation models · updated 7 days ago

Fair value updated Aug 29, 2026, revised from 155,270 KRW to 240,001 KRW (+54.6%) since Aug 27, 2026. Share price +11.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (300,001 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

609,640 KRW 191,493 KRW Fair Value 240,001 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range 191,493 KRW – 609,640 KRW · fair‑value band 180,001 KRW – 300,001 KRW · the 337,000 KRW price screens above the 240,001 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

POSCO Holdings (005490) currently trades at 337,000 KRW, while our model-based Fair Value estimate is 240,001 KRW, implying the stock looks roughly 40.4% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Basic Materials sector. Bull case: the Asset-Based group reads highest at a median of 494,026 KRW per share, and 3 of the 14 models we run sit above the 337,000 KRW price. Bear case: the Earnings-Based group reads lowest at 96,434 KRW, and 11 of the 14 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, POSCO Holdings generated revenue of 69.5T KRW at a net margin of 1.2%. Revenue grew 2.5% year over year. It earns a return on equity of 1.1%. Net debt stands at 20.1T KRW. Fundamentals as of Aug 29, 2026

Our scenario range runs from 180,001 KRW (bear case) to 300,001 KRW (bull case); at 337,000 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −29% fair-value upside, at −29%, 005490 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence 518,781 KRW 494,368 KRW 377,761 KRW 76
EPV 63,473 KRW 96,434 KRW 125,733 KRW 72
ROIC Compounder 63,473 KRW 96,434 KRW 125,733 KRW 71
All 14 models by family
Earnings-Based
Graham-Dodd 62,108 KRW 116,991 KRW 145,479 KRW 66
EPV 63,473 KRW 96,434 KRW 125,733 KRW 72
Dividend Discount
Gordon GGM 116,417 KRW 160,793 KRW 207,397 KRW 69
DDM Multi-Stage 116,417 KRW 164,001 KRW 222,725 KRW 67
Multiples
P/E Multiple 116,453 KRW 155,270 KRW 194,088 KRW 63
P/S Multiple 116,453 KRW 155,270 KRW 194,088 KRW 58
P/B Multiple 116,453 KRW 155,270 KRW 194,088 KRW 55
EV/EBIT 135,834 KRW 222,215 KRW 308,596 KRW 64
EV/EBITDA 474,301 KRW 673,504 KRW 872,708 KRW 67
EV/Revenue 101,281 KRW 197,534 KRW 293,788 KRW 51
Asset-Based
NCAV (Graham) 368,676 KRW 494,026 KRW 737,353 KRW 54
Economic Profit
Residual Income best evidence 518,781 KRW 494,368 KRW 377,761 KRW 76
ROIC Compounder 63,473 KRW 96,434 KRW 125,733 KRW 71
Growth Earnings
Growth-Adj P/E 83,994 KRW 119,991 KRW 155,988 KRW 67

Widest divergence: Asset-Based (494,026 KRW) versus Earnings-Based (96,434 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

P/S ratio 0.42 TTM
Dividend yield 2.8%
Net margin 1.0% FY2025
Return on equity 1.1% TTM
Return on assets (EBIT) 4.5% avg 5y
Operating margin 4.0% TTM
More key figures
Growth
Revenue (TTM) 69.5T KRW TTM
Revenue growth (YoY) +2.5% 3y avg −6.6%
EPS growth (YoY) +54.5%
Balance sheet & cash flow
Free cash flow −1.7T KRW FY2025
Net debt 20.1T KRW FY2025

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 27

Profitability 22
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

POSCO Holdings Inc., together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others.

Full company description

POSCO Holdings Inc., together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings. It is also involved in the manufacture and sale of various energy-related and other industrial materials, including anode and cathode materials for rechargeable batteries; investment business; and provision of alternative environmentally-friendly energy solutions, as well as information technology and operational technology, and integrated logistics services. POSCO Holdings Inc. was incorporated in 1968 and is based in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

POSCO Holdings reported revenue of 69.0T KRW in FY2025 versus 76.3T KRW in FY2021, a compound −2.5%/yr. Reported net income was 691B KRW in FY2025, compounding −43.2%/yr from FY2021.

Growth Quality 27/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
69.0T KRW
Latest YoY
−6.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.6%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−14.3% (−17.1 + 2.8)
Revenue −2.5%/yr
FY21 76.3T KRW
FY22 84.8T KRW
FY23 77.1T KRW
FY24 73.5T KRW
FY25 69.0T KRW
Net income −43.2%/yr
FY21 6.6T KRW
FY22 3.1T KRW
FY23 1.7T KRW
FY24 1.1T KRW
FY25 691B KRW

005490 screens 40% overvalued. Compare with Nucor Corporation →

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Cite: Fair Value Calculator (2026). "POSCO Holdings Fair Value". https://www.fairvalue-calculator.com/stock/005490

Peer Group

Steel · 398 stocks

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.

Quality Score 45 · Below median
Fair Value upside −29% · Below median
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 3% · Above median
Dividend yield (TTM) 2.8% · Above median
Debt / equity 0.29× · Higher than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

EV/EBITDA 1.6× · Cheaper than 75% of peers
PEG 0.90× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 12
FUTURE13 · sector 2
PAST5 · sector 16
HEALTH85 · sector 95
DIVIDEND56 · sector 49

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $250.50 $116.05 −54%
ArcelorMittal S.A MT €64.60 €46.04 −29%
JSW Steel Limited JSWSTEEL ₹1,296 ₹1,119 −14%
Steel Dynamics, Inc STLD $234.67 $127.14 −46%
500228 500228 ₹1,292 ₹1,079 −16%
Tata Steel Limited TATASTEEL ₹186.80 ₹145.39 −22%
Reliance, Inc RS $387.59 $217.81 −44%
Baoshan Iron & Steel Co 600019 ¥5.91 ¥8.07 +37%
Jindal Steel & Power Limited JINDALSTEL ₹1,114 ₹429.44 −61%
Lloyds Metals and Energy Limited LLOYDSME ₹1,891 ₹793.69 −58%

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Frequently asked questions

Is POSCO Holdings (005490) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of 240,001 KRW versus a price of 337,000 KRW, about −29% upside (overvalued).
What is the fair value of 005490?
Our model-based fair value for POSCO Holdings is 240,001 KRW (as of Aug 29, 2026), built from audited fundamentals. The current price: 337,000 KRW.
What is the quality score of 005490?
POSCO Holdings has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of POSCO Holdings (005490)?
POSCO Holdings reported trailing-twelve-month revenue of about 69.5T KRW (latest available figure, as of Aug 29, 2026).
What is the net profit margin of 005490?
The net profit margin of POSCO Holdings is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does POSCO Holdings pay a dividend?
POSCO Holdings currently shows a dividend yield of about 2.82% relative to its recent price (as of Aug 29, 2026).
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