Morinaga (TSE:2201) Book Value per Share: 円1,690.55 (As of Mar. 2026)

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TSE:2201 Morinaga & Co Ltd TSE:2201
85 GF Score
Price 円2,647.50
GF Value 円3,110.35
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Morinaga Book Value per Share?

Morinaga TSE:2201 -0.40% 85 Book Value per Share is 円1,690.55 as of Mar. 2026. GuruFocus rates TSE:2201 with a GF Score™ of 85/100 and a GF Value™ of 円3,110.35 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Morinaga's book value per share for the quarter that ended in Mar. 2026 was 円1,690.55.

During the past 12 months, Morinaga's average Book Value Per Share Growth Rate was 11.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Morinaga was 14.20% per year. The lowest was -3.10% per year. And the median was 6.70% per year.

Morinaga's current price is 円2647.50. Its book value per share for the quarter that ended in Mar. 2026 was 円1,690.55. Hence, today's PB Ratio of Morinaga is 1.57.

During the past 13 years, the highest P/B Ratio of Morinaga was 4.18. The lowest was 1.38. And the median was 1.86.

Good Sign:

Morinaga & Co Ltd stock PB Ratio (=1.6) is close to 3-year low of 1.45.


Morinaga  (TSE:2201) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Morinaga Book Value per Share Related Terms


Morinaga Book Value per Share Historical Data

* Premium members only.

The historical data trend for Morinaga's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Morinaga Book Value per Share Chart

Morinaga Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,301.96 1,322.59 1,447.98 1,523.07 1,690.55

Morinaga Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,523.07 1,477.64 1,549.95 1,599.35 1,690.55

TSE:2201 vs MDLZ, HSY, TR: Book Value per Share Comparison

For the Confectioners subindustry, Morinaga's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Morinaga PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga's PB Ratio distribution charts can be found below:

* The bar in red indicates where Morinaga's PB Ratio falls into.


TSE:2201
85GF Score
Morinaga & Co Ltd TSE:2201
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morinaga Book Value per Share Calculation

Morinaga's Book Value Per Share for the fiscal year that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(141,954-0)/84
=1,690.55

Morinaga's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(141,954-0)/84
=1,690.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of 円1,690.55 mean?
Morinaga (TSE:2201) has a Book Value per Share of 円1,690.55 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Morinaga and its competitors.
Is Morinaga's Book Value per Share too high?
Morinaga's current Book Value per Share is 円1,690.55. Overall, Morinaga has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga's Book Value per Share compare to MDLZ and HSY?
Morinaga's Book Value per Share of 円1,690.55 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a Consumer Packaged Goods company?
A good Book Value per Share depends on the Consumer Packaged Goods industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Morinaga and its competitors. Morinaga's current Book Value per Share is 円1,690.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga stock overvalued right now?
Based on GuruFocus' analysis, Morinaga (TSE:2201) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,110.35, compared to a current price of 円2,647.50 — trading 14.9% below its estimated fair value. The current Book Value per Share is 円1,690.55. Morinaga's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Morinaga (TSE:2201), the current Book Value per Share is 円1,690.55 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Morinaga (TSE:2201) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga stock appears to be undervalued. The current stock price of 円2,647.50 is trading 14.9% below its estimated GF Value™ of 円3,110.35. GuruFocus considers Morinaga to be Modestly Undervalued.

Key valuation signals for TSE:2201:

  • Book Value per Share: 円1,690.55
  • GF Value™: 円3,110.35 vs. price of 円2,647.50 (14.9% below fair value)
  • GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the TSE:2201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morinaga Business Description

Address 5-33-1 Shiba, Minato-ku, Tokyo, JPN, 108-8403
Morinaga & Co Ltd is a Japan-based confectionery company. It has developed a diverse range of confectionery products, canned soft drinks and ice cream that are delicious, fun, and healthy. The company's products are divided into five main divisions, Confectioneries, Foods, Frozen Desserts, Weider, and Healthcare. Confectionaries include Morinaga Biscuits, Chocoball chocolate, Dars chocolate, Koeda chocolate, and HI-CHEW candy. Foods include Morinaga Cocoa; Frozen Desserts include Choco Monaka Jumbo; Weider products include Weider in Jelly; and Healthcare products include Seisho-sabo, Kenpo-shukan, and Collagen drink.
85GF Score

Get the complete analysis for TSE:2201

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,647.50
Price
円3,110.35
GF Value