Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Howa BankFSE:8559 +0.21%54 PB Ratio is 0.10 as of Jul. 22, 2026, which is 9% below its 10-year median of 0.11. GuruFocus rates FSE:8559 with a GF Score™ of 54/100 and a GF Value™ of 円531.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,510 Banks companies, Howa Bank ranks better than 99.27% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-22), Howa Bank's share price is 円470.00. Howa Bank's Book Value per Share for the quarter that ended in Mar. 2026 was 円4,717.34. Hence, Howa Bank's PB Ratio of today is 0.10.
Warning Sign:
Howa Bank Ltd stock PB Ratio (=0.1) is close to 3-year high of 0.1.
The historical rank and industry rank for Howa Bank's PB Ratio or its related term are showing as below:
FSE:8559'
s PB Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.11 Max: 0.17
Current: 0.1
During the past 13 years, Howa Bank's highest PB Ratio was 0.17. The lowest was 0.07. And the median was 0.11.
FSE:8559's PB Ratio is ranked better than 99.27% of 1510
companies
in the Banks industry
Industry Median: 1.12
vs FSE:8559: 0.10
During the past 12 months, Howa Bank's average Book Value Per Share Growth Rate was -18.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Howa Bank was 85.40% per year. The lowest was -4.70% per year. And the median was 2.25% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Howa Bank PB Ratio Related Terms
Howa Bank PB Ratio Historical Data
* Premium members only.
The historical data trend for Howa Bank's PB Ratio 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.
For the Banks - Regional subindustry, Howa Bank'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.
Howa Bank PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Howa Bank's PB Ratio distribution charts can be found below:
* The bar in red indicates where Howa Bank's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Howa Bank's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Howa Bank (FSE:8559) has a PB Ratio of 0.10 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Howa Bank and its competitors. This is near median its historical median of 0.11. Over the past decade, Howa Bank's PB Ratio has ranged from 0.07 to 0.17. According to the industry distribution chart, Howa Bank ranks #11 out of 1510 companies in the Banks industry, placing it in the top 0.7%.
Is Howa Bank's PB Ratio too high?
Howa Bank's current PB Ratio of 0.10 is near median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.17. The Banks industry median PB Ratio is 1.12. Howa Bank's value of 0.10 is 91.1% below this industry median. Based on the distribution chart, Howa Bank ranks #11 out of 1510 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Howa Bank has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Howa Bank's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Howa Bank ranks #11 out of 1510 companies for PB Ratio. This places Howa Bank in the top 1% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.12. Howa Bank's value of 0.10 is 91.1% below this benchmark. Historically, Howa Bank's own PB Ratio has ranged from 0.07 to 0.17 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 1.12, Howa Bank has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.12, based on 1,510 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Howa Bank's current PB Ratio of 0.10 is 91.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Howa Bank and its competitors. For the Banks industry, the median PB Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howa Bank's current PB Ratio is 0.10, which is near median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howa Bank stock overvalued right now?
Based on GuruFocus' analysis, Howa Bank (FSE:8559) is currently considered Modestly Undervalued. The stock's GF Value™ is 円531.34, compared to a current price of 円470.00 — trading 11.5% below its estimated fair value. The current PB Ratio is 0.10, which is near median its 10-year median of 0.11 and 91.1% below the Banks industry median of 1.12. Howa Bank's overall GF Score™ is 54/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Howa Bank (FSE:8559), the current PB Ratio is 0.10 as of Jul. 22, 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 Howa Bank (FSE:8559) Overvalued in 2026?
Based on GuruFocus' analysis, Howa Bank stock appears to be undervalued.
The current stock price of 円470.00 is trading 11.5% below its estimated GF Value™ of 円531.34.
GuruFocus considers Howa Bank to be Modestly Undervalued.
Key valuation signals for FSE:8559:
PB Ratio: 0.10 (near median its 10-year median of 0.11)
GF Value™: 円531.34 vs. price of 円470.00 (11.5% below fair value)
Industry Position: 91.1% below the Banks median (#11 of 1510)
No single metric tells the full story. See the FSE:8559 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howa Bank Ltd is a Japan based regional bank. It provides banking products and services in Japan. Its deposit products include general account, saving account, current account, and property accumulation housing savings deposit. It offers housing loan, reform loan, card loan, free loan, education loan, auto loans and also provides insurance services.
54GF Score
Get the complete analysis for FSE:8559
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FSE:8559 has been successfully added to your 
