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PATHTSE:3840 +1.72%49 Market Cap is 円4,878 Mil as of Aug. 26, 2026. GuruFocus rates TSE:3840 with a GF Score™ of 49/100 and a GF Value™ of 円85.28 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,117 Business Services companies, PATH ranks worse than 62.31% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). PATH's share price for the quarter that ended in Mar. 2026 was 円67. PATH's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 83 Mil. Therefore, PATH's market cap for the quarter that ended in Mar. 2026 was 円5,540 Mil.
PATH's quarterly market cap
declined
from Sep. 2025 (円7,755 Mil) to Dec. 2025 (円4,614 Mil) but then
increased
from Dec. 2025 (円4,614 Mil) to Mar. 2026 (円5,540 Mil).
PATH's annual market cap
declined
from Mar. 2024 (円9,291 Mil) to Mar. 2025 (円7,191 Mil) and
declined
from Mar. 2025 (円7,191 Mil) to Mar. 2026 (円5,540 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. PATH's Enterprise Value for Today is 円4,878 Mil.
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
PATH Market Cap Related Terms
PATH Market Cap Historical Data
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The historical data trend for PATH's Market Cap 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.
TSE:3840 vs CTAS, CPRT, GPN: Market Cap Comparison
For the Specialty Business Services subindustry, PATH's Market Cap, along with its competitors' market caps and Market Cap 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.
PATH Market Cap vs Business Services Industry
For the Business Services industry and Industrials sector, PATH's Market Cap distribution charts can be found below:
* The bar in red indicates where PATH's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
PATH's Market Cap for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
PATH (TSE:3840) has a Market Cap of 円4,878 Mil as of Aug. 26, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on PATH and its competitors. According to the industry distribution chart, PATH ranks #696 out of 1117 companies in the Business Services industry, placing it in the top 62.3%.
Is PATH's Market Cap too high?
PATH's current Market Cap is 円4,878 Mil. Based on the distribution chart, PATH ranks #696 out of 1117 companies in the Business Services industry, which is below the industry midpoint. Overall, PATH has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PATH's Market Cap compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PATH ranks #696 out of 1117 companies for Market Cap. This places PATH in the lower half of its industry. The industry median Market Cap is 55.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Business Services company?
The median Market Cap among Business Services companies is 55.90, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on PATH and its competitors. For the Business Services industry, the median Market Cap is 55.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PATH's current Market Cap is 円4,878 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PATH stock overvalued right now?
Based on GuruFocus' analysis, PATH (TSE:3840) is currently considered Possible Value Trap. The stock's GF Value™ is 円85.28, compared to a current price of 円59.00 — trading 30.8% below its estimated fair value. The current Market Cap is 円4,878 Mil. PATH's overall GF Score™ is 49/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For PATH (TSE:3840), the current Market Cap is 円4,878 Mil as of Aug. 26, 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 PATH (TSE:3840) Overvalued in 2026?
Based on GuruFocus' analysis, PATH stock appears to be undervalued.
The current stock price of 円59.00 is trading 30.8% below its estimated GF Value™ of 円85.28.
GuruFocus considers PATH to be Possible Value Trap.
Key valuation signals for TSE:3840:
Market Cap: 円4,878 Mil
GF Value™: 円85.28 vs. price of 円59.00 (30.8% below fair value)
No single metric tells the full story. See the TSE:3840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PATH Corp is a business service provider. The company offers consulting services which include planning and proposing new businesses using block chain technology, implementing and introducing systems, and procuring means for new business funds, and mail order related business.
49GF Score
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