Mitsubishi ElectricMEX:MITSN 60 PB Ratio is 2.87 as of Jun. 24, 2026, which is 113% above its 10-year median of 1.35. GuruFocus rates MEX:MITSN with a GF Score™ of 60/100 and a GF Value™ of MXN343.30 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,986 Industrial Products companies, Mitsubishi Electric ranks worse than 57.43% on this metric.
Mitsubishi Electric Corp stock PB Ratio (=2.79) is close to 10-year high of 2.99.
The historical rank and industry rank for Mitsubishi Electric's PB Ratio or its related term are showing as below:
MEX:MITSN'
s PB Ratio Range Over the Past 10 Years
Min: 0.88 Med: 1.35 Max: 2.99
Current: 2.79
During the past 13 years, Mitsubishi Electric's highest PB Ratio was 2.99. The lowest was 0.88. And the median was 1.35.
MEX:MITSN's PB Ratio is ranked worse than 57.43% of 2986
companies
in the Industrial Products industry
Industry Median: 2.32
vs MEX:MITSN: 2.79
During the past 12 months, Mitsubishi Electric's average Book Value Per Share Growth Rate was 15.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.60% 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 9.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mitsubishi Electric was 33.70% per year. The lowest was -17.10% per year. And the median was 10.00% per year.
Back to Basics: PB Ratio
Mitsubishi Electric (MEX:MITSN) 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.
Mitsubishi Electric PB Ratio Related Terms
Mitsubishi Electric PB Ratio Historical Data
* Premium members only.
The historical data trend for Mitsubishi Electric'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 Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.
Mitsubishi Electric PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mitsubishi Electric's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mitsubishi Electric'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.
Mitsubishi Electric (MEX:MITSN) has a PB Ratio of 2.87 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 Mitsubishi Electric and its competitors. This is 113% above median its historical median of 1.35. Over the past decade, Mitsubishi Electric's PB Ratio has ranged from 0.88 to 2.99. According to the industry distribution chart, Mitsubishi Electric ranks #1715 out of 2986 companies in the Industrial Products industry, placing it in the top 57.4%.
Is Mitsubishi Electric's PB Ratio too high?
Mitsubishi Electric's current PB Ratio of 2.87 is 113% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.99. The Industrial Products industry median PB Ratio is 2.32. Mitsubishi Electric's value of 2.87 is 23.7% above this industry median. Based on the distribution chart, Mitsubishi Electric ranks #1715 out of 2986 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mitsubishi Electric has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Electric's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Mitsubishi Electric ranks #1715 out of 2986 companies for PB Ratio. This places Mitsubishi Electric in the lower half of its industry. The industry median PB Ratio is 2.32. Mitsubishi Electric's value of 2.87 is 23.7% above this benchmark. Historically, Mitsubishi Electric's own PB Ratio has ranged from 0.88 to 2.99 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 2.32, Mitsubishi Electric 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.32, based on 2,986 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. Mitsubishi Electric's current PB Ratio of 2.87 is 23.7% 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 Mitsubishi Electric and its competitors. For the Industrial Products industry, the median PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Electric's current PB Ratio is 2.87, which is 113% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Electric stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Electric (MEX:MITSN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN343.30, compared to a current price of MXN714.27 — trading 108.1% above its estimated fair value. The current PB Ratio is 2.87, which is 113% above median its 10-year median of 1.35 and 23.7% above the Industrial Products industry median of 2.32. Mitsubishi Electric's overall GF Score™ is 60/100 with 7 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 Mitsubishi Electric (MEX:MITSN), the current PB Ratio is 2.87 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 Mitsubishi Electric (MEX:MITSN) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsubishi Electric stock appears to be overvalued.
The current stock price of MXN714.27 is trading 108.1% above its estimated GF Value™ of MXN343.30.
GuruFocus considers Mitsubishi Electric to be Significantly Overvalued.
Key valuation signals for MEX:MITSN:
PB Ratio: 2.87 (113% above median its 10-year median of 1.35)
GF Value™: MXN343.30 vs. price of MXN714.27 (108.1% above fair value)
Industry Position: 23.7% above the Industrial Products median (#1715 of 2986)
No single metric tells the full story. See the MEX:MITSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsubishi Electric is a leading Japanese diversified industrial manufacturer, specializing in factory automation systems, power and energy systems, infrastructure solutions, automotive equipment, electronic devices, and home appliances. Founded in 1921 and headquartered in Tokyo, the company operates globally with a strong presence in Asia, Europe, and North America. Known for its technological expertise and high reliability, Mitsubishi Electric plays a vital role in sectors ranging from smart manufacturing and transportation to energy management and defense. The company emphasizes sustainability, innovation, and long-term growth through its focus on electrification, automation, and digitalization.
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