Upside case
Bull case
$156+82.6%
PKX would need investors to value it at roughly 0x earnings — about 0x more generous than today's 0x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
POSCO Holdings Inc. (PKX) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
9
analysts
4 bullish · 2 bearish · 9 covering PKX
Strong Buy
0
Buy
4
Hold
3
Sell
2
Strong Sell
0
Consensus Target
$77
-9.8% vs today
Scenario Range
$21 – $156
Model bear to bull value window
Coverage
9
Published analyst ratings
Valuation Context
0.0x
Forward P/E · Market cap $103.2B
PKX price targets
Three scenarios for where PKX stock could go
Current
~$85
Confidence
41 / 100
Updated
May 1, 2026
Where we are now
Current · $85
Bear
$21
Base
$85
Bull
$156
Market caseClosest to today
Base case
$85+0.0%
This is close to how the market is already pricing PKX — at roughly 0x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$21-75.4%
If investor confidence fades or macro conditions deteriorate, a 0x multiple contraction could push PKX down roughly 75% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
POSCO Holdings Inc.
PKX · NYSEBasic MaterialsSteelDecember year-end
POSCO Holdings is a global steel manufacturing conglomerate that produces a wide range of steel products including hot-rolled, cold-rolled, and specialty steels. The company generates revenue primarily through steel production (~70% of sales), complemented by construction services, trading operations, and other industrial activities. Its competitive advantage lies in integrated production facilities, technological expertise in specialty steels, and established supply chain relationships across Asia.
Market Cap
$103.2B
Revenue TTM
$52.26T
Net Income TTM
$883.0B
Net Margin
1.7%
PKX Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
44%Exceptional
12 quarters tracked
Revenue Beat Rate
0%Mixed
vs consensus estimates
Avg EPS Surprise
-79.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q4 2025
Q1 2026
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 2 of 4Q4 2025
EPS
$0.94/$0.90
Revenue
$12.2B/$12.6B
Q1 2026
EPS
$-0.61/$1.03
Revenue
$11.8B/$11.9B
Q1 2026
EPS
$-0.61/$1.03
Revenue
$11.8B/$11.9B
Q2 2026
EPS
$1.01/$0.86
Revenue
—/$11.8B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q4 2025 | $0.94/$0.90 | +4.9% | $12.2B/$12.6B | -3.0% |
| Q1 2026 | $-0.61/$1.03 | -159.2% | $11.8B/$11.9B | -0.4% |
| Q1 2026 | $-0.61/$1.03 | -159.2% | $11.8B/$11.9B | -0.4% |
| Q2 2026 | $1.01/$0.86 | +17.6% | —/$11.8B | — |
FY1–FY2 Estimates
Revenue Outlook
FY1
$53.76T
+2.9% YoY
FY2
$52.56T
-2.2% YoY
EPS Outlook
FY1
$1441.03
+97.5% YoY
FY2
$1593.97
+10.6% YoY
Trailing FCF (TTM)-$1.47T
FCF Margin: -2.8%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
PKX beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
PKX Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $125.01T
Product Mix
Latest annual revenue by segment or product family
Operating Segments
100.0%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Operating Segments is the largest disclosed segment at 100.0% of FY 2024 revenue, with no year-over-year comparison yet.
PKX Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $96811 — implies +122897.0% from today's price.
Upside to Fair Value
122897.0%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
PKX
244.5x
vs
S&P 500
25.1x
+874% premium
vs Basic Materials Trailing P/E
PKX
244.5x
vs
Basic Materials
22.3x
+999% premium
vs PKX 5Y Avg P/E
Today
244.5x
vs
5Y Average
0.0x
+847563% premium
Forward PE
0.0x
S&P 500
19.1x
-100%
Basic Materials
15.2x
-100%
5Y Avg
—
—
Trailing PE
244.5x
S&P 500
25.1x
+874%
Basic Materials
22.3x
+999%
5Y Avg
0.0x
+847563%
PEG Ratio
—
S&P 500
1.72x
—
Basic Materials
1.17x
—
5Y Avg
—
—
EV/EBITDA
28.5x
S&P 500
15.2x
+87%
Basic Materials
11.0x
+160%
5Y Avg
2.4x
+1087%
Price/FCF
—
S&P 500
21.1x
—
Basic Materials
25.6x
—
5Y Avg
0.0x
—
Price/Sales
2.2x
S&P 500
3.1x
-30%
Basic Materials
1.9x
+15%
5Y Avg
0.0x
+538104%
Dividend Yield
0.57%
S&P 500
1.87%
-70%
Basic Materials
1.32%
-57%
5Y Avg
—
—
| Metric | PKX | S&P 500 | Basic Materials | 5Y Avg PKX |
|---|---|---|---|---|
| Forward PE | 0.0x | 19.1x-100% | 15.2x-100% | — |
| Trailing PE | 244.5x | 25.1x+874% | 22.3x+999% | 0.0x+847563% |
| PEG Ratio | — | 1.72x | 1.17x | — |
| EV/EBITDA | 28.5x | 15.2x+87% | 11.0x+160% | 2.4x+1087% |
| Price/FCF | — | 21.1x | 25.6x | 0.0x |
| Price/Sales | 2.2x | 3.1x-30% | 1.9x+15% | 0.0x+538104% |
| Dividend Yield | 0.57% | 1.87% | 1.32% | — |
PKX trades above S&P 500 benchmarks on 2 of 4 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolPKX Financial Health
Verdict
Stressed
Key financial metrics for PKX are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$52.26T
Revenue Growth
TTM vs prior year
-28.1%
Gross Margin
Gross profit as a share of revenue
7.9%
Operating Margin
Operating income divided by revenue
3.8%
Net Margin
Net income divided by revenue
1.7%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$729.80
Free Cash Flow (TTM)
Cash generation after capex
-$1.47T
FCF Margin
FCF as share of revenue — the primary cash quality signal
-2.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
1.7%
ROA
Return on assets, trailing twelve months
0.9%
Cash & Equivalents
Liquid assets on the balance sheet
$7.05T
Net Debt
Total debt minus cash
$21.48T
Debt Serviceability
Net debt as a multiple of annual free cash flow
—
ROE
Return on equity, trailing twelve months
1.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.6%
Dividend
0.6%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$706.77
Payout Ratio
Share of earnings distributed as dividends
132.5%
Shares Outstanding
Current diluted share count
1.2B
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pagePKX Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Valuation Concerns
PKX is currently trading at a 24.3% premium to its intrinsic value, with a GF Value™ of $57.39 compared to a current price of $71.34. The P/E (TTM) ratio of 45.64x is significantly higher than its 5-year median of 19.86x, raising concerns about the sustainability of its valuation.
High Risk
Competitive and Market Risks
China's ongoing steel dumping poses a significant risk to PKX, potentially driving down prices and harming profitability. Additionally, a global economic slowdown could sharply reduce demand for cyclical goods, further impacting PKX's financial performance.
Medium
Dividend Sustainability
POSCO Holdings has a high dividend payout ratio of 99.24%, which raises concerns about its sustainability. However, earnings estimates suggest a more manageable payout ratio of 27.46% next year, indicating potential for improved sustainability.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why PKX Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Strengthening Rare Earth Supply Chain
POSCO is enhancing its rare earth supply chain by expanding global sourcing, refining, and magnet production capabilities, which is crucial for growth in the electric vehicle (EV) market. This strategic move positions the company to capitalize on the increasing demand for EVs.
Battery Innovation and Partnerships
POSCO Future M is advancing battery technology through partnerships focused on silicon anode technology and solid-state battery development. These innovations aim to significantly improve EV battery performance, aligning with the growing market for electric vehicles.
Low Debt-to-Equity Ratio
PKX boasts a relatively low debt-to-equity ratio, indicating a robust balance sheet and lower financial risk. This financial health provides the company with greater flexibility to invest in growth opportunities.
Bullish Technical Indicators
The stock has demonstrated a bullish trend, crossing above its 5, 20, 50, and 200-day exponential moving averages. This technical momentum suggests increased investor confidence and potential for further upward movement.
Strategic Joint Ventures and Investments
POSCO's joint venture with JSW to build a blast furnace in India is a strategic move that capitalizes on India's long-term demand for structural steel. Additionally, recent institutional investments indicate growing confidence in the company's future performance.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
PKX Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$85.32
52W Range Position
99%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$42.35
+101.5% from the low
52-Week High
$85.55
-0.3% from the high
1 Month
+45.85%
3 Month
+37.39%
YTD
+59.6%
1 Year
+83.6%
3Y CAGR
+5.6%
5Y CAGR
-0.1%
10Y CAGR
+6.1%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
PKX vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
0.0x
vs 16.2x median
-100% below peer median
Revenue Growth
+2.9%
vs +3.7% median
-23% below peer median
Net Margin
1.7%
vs 5.5% median
-69% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
PKX PKX POSCO Holdings Inc. | $103.2B | 0.0x | +2.9% | 1.7% | Buy | -9.8% |
NUE NUE Nucor Corporation | $52.9B | 16.5x | +4.4% | 6.8% | Buy | -4.0% |
STL STLD Steel Dynamics, Inc. | $34.4B | 15.9x | +6.0% | 7.2% | Buy | -20.7% |
CLF CLF Cleveland-Cliffs Inc. | $6.1B | — | +3.7% | -7.9% | Hold | +4.3% |
RS RS Reliance Steel & Aluminum Co. | $19.0B | 19.1x | +3.0% | 5.4% | Hold | -2.7% |
CMC CMC Commercial Metals Company | $7.7B | 10.7x | +2.4% | 5.5% | Buy | +18.6% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
PKX Dividend and Capital Return
PKX returns 0.6% total yield, led by a 0.57% dividend.
Dividend SustainableFCF Unknown
Total Shareholder Yield
0.6%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.57%
Payout Ratio
1.3%
How PKX Splits Its Return
Div 0.57%
Dividend 0.57%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$706.77
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
-6.4%
5Y Div CAGR
0.2%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
1.2B
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.33 | — | — | — |
| 2025 | $1.77 | -3.4% | 0.0% | 100.0% |
| 2024 | $1.83 | +28.4% | 100.0% | 100.0% |
| 2023 | $1.42 | -33.9% | 0.0% | 100.0% |
| 2022 | $2.16 | -40.1% | 0.0% | 100.0% |
FAQ
7 questionsPKX Investor Questions
Common questions answered from live analyst data and company financials.
01Is POSCO Holdings Inc. (PKX) stock a buy or sell in 2026?
POSCO Holdings Inc. (PKX) is rated Buy by Wall Street analysts as of 2026. Of 9 analysts covering the stock, 4 rate it Buy or Strong Buy, 3 rate it Hold, and 2 rate it Sell or Strong Sell. The consensus 12-month price target is $77, implying -9.8% from the current price of $85. The bear case scenario is $21 and the bull case is $156.
02What is the PKX stock price target for 2026?
The Wall Street consensus price target for PKX is $77 based on 9 analyst estimates. The high-end target is $77 (-9.8% from today), and the low-end target is $77 (-9.8%). The base case model target is $85.
03Is POSCO Holdings Inc. (PKX) stock overvalued in 2026?
PKX trades at 0.0x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for POSCO Holdings Inc. (PKX) stock in 2026?
The primary risks for PKX in 2026 are: (1) Valuation Concerns — PKX is currently trading at a 24. (2) Competitive and Market Risks — China's ongoing steel dumping poses a significant risk to PKX, potentially driving down prices and harming profitability. (3) Dividend Sustainability — POSCO Holdings has a high dividend payout ratio of 99. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is POSCO Holdings Inc.'s revenue and earnings forecast?
Analyst consensus estimates PKX will report consensus revenue of $53.76T (+2.9% year-over-year) and EPS of $1441.03 (+97.5% year-over-year) for the upcoming fiscal year. The following year, analysts project $52.56T in revenue.
06When does POSCO Holdings Inc. (PKX) report its next earnings?
A confirmed upcoming earnings date for PKX is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does POSCO Holdings Inc. generate?
POSCO Holdings Inc. (PKX) had a free cash outflow of $1.47T in free cash flow over the trailing twelve months — a free cash flow margin of 2.8%. PKX returns capital to shareholders through dividends (0.6% yield) and share repurchases ($0 TTM).