Tokio Marine HoldingsMEX:8766N 52 PB Ratio is 2.46 as of Jun. 24, 2026, which is 120% above its 10-year median of 1.12. GuruFocus rates MEX:8766N with a GF Score™ of 52/100 and a GF Value™ of MXN661.31 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 499 Insurance companies, Tokio Marine Holdings ranks worse than 79.56% on this metric.
Tokio Marine Holdings Inc stock PB Ratio (=2.53) is close to 10-year high of 2.7.
The historical rank and industry rank for Tokio Marine Holdings's PB Ratio or its related term are showing as below:
MEX:8766N'
s PB Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1.12 Max: 2.7
Current: 2.53
During the past 13 years, Tokio Marine Holdings's highest PB Ratio was 2.70. The lowest was 0.72. And the median was 1.12.
MEX:8766N's PB Ratio is ranked worse than 79.56% of 499
companies
in the Insurance industry
Industry Median: 1.39
vs MEX:8766N: 2.53
During the past 12 months, Tokio Marine Holdings's average Book Value Per Share Growth Rate was 9.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tokio Marine Holdings was 25.50% per year. The lowest was -18.50% per year. And the median was 4.15% per year.
Back to Basics: PB Ratio
Tokio Marine Holdings (MEX:8766N) PB Ratio Explanation
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.
* 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 Insurance - Property & Casualty subindustry, Tokio Marine Holdings'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.
Tokio Marine Holdings PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Tokio Marine Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tokio Marine Holdings'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.
* 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.
Tokio Marine Holdings (MEX:8766N) has a PB Ratio of 2.46 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tokio Marine Holdings and its competitors. This is 120% above median its historical median of 1.12. Over the past decade, Tokio Marine Holdings' PB Ratio has ranged from 0.72 to 2.70. According to the industry distribution chart, Tokio Marine Holdings ranks #397 out of 499 companies in the Insurance industry, placing it in the top 79.6%.
Is Tokio Marine Holdings' PB Ratio too high?
Tokio Marine Holdings' current PB Ratio of 2.46 is 120% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.70. The Insurance industry median PB Ratio is 1.39. Tokio Marine Holdings' value of 2.46 is 77% above this industry median. Based on the distribution chart, Tokio Marine Holdings ranks #397 out of 499 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Tokio Marine Holdings has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokio Marine Holdings' PB Ratio compare to CB and PGR?
According to the Insurance industry distribution chart, Tokio Marine Holdings ranks #397 out of 499 companies for PB Ratio. This places Tokio Marine Holdings in the lower half of its industry. The industry median PB Ratio is 1.39. Tokio Marine Holdings' value of 2.46 is 77% above this benchmark. Historically, Tokio Marine Holdings' own PB Ratio has ranged from 0.72 to 2.70 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 1.39, Tokio Marine Holdings has consistently been above 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 an Insurance company?
The median PB Ratio among Insurance companies is 1.39, based on 499 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. Tokio Marine Holdings's current PB Ratio of 2.46 is 77% above 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 Tokio Marine Holdings and its competitors. For the Insurance industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokio Marine Holdings's current PB Ratio is 2.46, which is 120% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokio Marine Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokio Marine Holdings (MEX:8766N) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN661.31, compared to a current price of MXN806.49 — trading 22% above its estimated fair value. The current PB Ratio is 2.46, which is 120% above median its 10-year median of 1.12 and 77% above the Insurance industry median of 1.39. Tokio Marine Holdings' overall GF Score™ is 52/100 with 5 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 Tokio Marine Holdings (MEX:8766N), the current PB Ratio is 2.46 as of Jun. 24, 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 Tokio Marine Holdings (MEX:8766N) Overvalued in 2026?
Based on GuruFocus' analysis, Tokio Marine Holdings stock appears to be overvalued.
The current stock price of MXN806.49 is trading 22% above its estimated GF Value™ of MXN661.31.
GuruFocus considers Tokio Marine Holdings to be Modestly Overvalued.
Key valuation signals for MEX:8766N:
PB Ratio: 2.46 (120% above median its 10-year median of 1.12)
GF Value™: MXN661.31 vs. price of MXN806.49 (22% above fair value)
Industry Position: 77% above the Insurance median (#397 of 499)
No single metric tells the full story. See the MEX:8766N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dating back to 1879, Tokio Marine is the oldest insurance company in Japan and operated as its top property and casualty insurer for decades. Following industry consolidation, it now shares domestic dominance with MS and AD and Sompo. However, Tokio Marine remains by far the most valuable listed Japanese insurer by market capitalization. This premium valuation is driven by an aggressive unwinding of domestic cross-shareholdings and a highly profitable overseas portfolio. The majority of its international business is based in the United States, where it has acquired premium specialty insurers since 2008, including Philadelphia Consolidated, Delphi Financial, Tokio Marine HCC, and Privilege Underwriters Reciprocal Exchange, recently fortified by a capital alliance with Berkshire Hathaway.
52GF Score
Get the complete analysis for MEX:8766N
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
MEX:8766N has been successfully added to your 
