Toho Gas CoTHOGF 75 PB Ratio is 0.78 as of Jun. 28, 2026, which is 26% below its 10-year median of 1.06. GuruFocus rates THOGF with a GF Score™ of 75/100 and a GF Value™ of $6.08. The stock has 3 warning signs investors should review. Among 504 Utilities - Regulated companies, Toho Gas Co ranks better than 70.44% 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 (2026-06-28), Toho Gas Co's share price is $6.4375. Toho Gas Co's Book Value per Share for the quarter that ended in Mar. 2026 was $8.27. Hence, Toho Gas Co's PB Ratio of today is 0.78.
Good Sign:
Toho Gas Co Ltd stock PB Ratio (=0.91) is close to 2-year low of 0.84.
The historical rank and industry rank for Toho Gas Co's PB Ratio or its related term are showing as below:
THOGF'
s PB Ratio Range Over the Past 10 Years
Min: 0.59 Med: 1.06 Max: 2.16
Current: 0.91
During the past 13 years, Toho Gas Co's highest PB Ratio was 2.16. The lowest was 0.59. And the median was 1.06.
THOGF's PB Ratio is ranked better than 70.44% of 504
companies
in the Utilities - Regulated industry
Industry Median: 1.415
vs THOGF: 0.91
During the past 12 months, Toho Gas Co's average Book Value Per Share Growth Rate was 14.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Toho Gas Co was 11.10% per year. The lowest was -2.90% per year. And the median was 5.80% 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.
Toho Gas Co PB Ratio Related Terms
Toho Gas Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Toho Gas Co'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 Utilities - Regulated Gas subindustry, Toho Gas Co'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.
Toho Gas Co PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Toho Gas Co'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.
Toho Gas Co'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.
Toho Gas Co (THOGF) has a PB Ratio of 0.78 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Toho Gas Co and its competitors. This is 26% below median its historical median of 1.06. Over the past decade, Toho Gas Co's PB Ratio has ranged from 0.59 to 2.16. According to the industry distribution chart, Toho Gas Co ranks #149 out of 504 companies in the Utilities - Regulated industry, placing it in the top 29.6%.
Is Toho Gas Co's PB Ratio too high?
Toho Gas Co's current PB Ratio of 0.78 is 26% below median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.16. The Utilities - Regulated industry median PB Ratio is 1.42. Toho Gas Co's value of 0.78 is 44.9% below this industry median. Based on the distribution chart, Toho Gas Co ranks #149 out of 504 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Toho Gas Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Toho Gas Co's PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Toho Gas Co ranks #149 out of 504 companies for PB Ratio. This puts Toho Gas Co in the upper half of its industry. The industry median PB Ratio is 1.42. Toho Gas Co's value of 0.78 is 44.9% below this benchmark. Historically, Toho Gas Co's own PB Ratio has ranged from 0.59 to 2.16 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.42, Toho Gas Co 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 an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.42, based on 504 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. Toho Gas Co's current PB Ratio of 0.78 is 44.9% 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 Toho Gas Co and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Gas Co's current PB Ratio is 0.78, which is 26% below median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Gas Co stock overvalued right now?
Toho Gas Co (THOGF) has a current PB Ratio of 0.78. The stock's GF Value™ is $6.08, compared to a current price of $6.44 — trading 5.9% above its estimated fair value. The current PB Ratio is 0.78, which is 26% below median its 10-year median of 1.06 and 44.9% below the Utilities - Regulated industry median of 1.42. Toho Gas Co's overall GF Score™ is 75/100 with 3 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 Toho Gas Co (THOGF), the current PB Ratio is 0.78 as of Jun. 28, 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 Toho Gas Co (THOGF) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Gas Co stock appears to be overvalued.
The current stock price of $6.44 is trading 5.9% above its estimated GF Value™ of $6.08.
Key valuation signals for THOGF:
PB Ratio: 0.78 (26% below median its 10-year median of 1.06)
GF Value™: $6.08 vs. price of $6.44 (5.9% above fair value)
Industry Position: 44.9% below the Utilities - Regulated median (#149 of 504)
No single metric tells the full story. See the THOGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Gas Co Ltd is a Japan-based company engaged in the supply of energy and related services, including electricity, gas, and liquefied petroleum gas (LPG). The company operates in three business segments. The Electricity segment engages in the sale of electricity. The Gas segment handles the manufacture and sale of gas, gas appliances, consignment supply, and plumbing work. The LPG and Other Energies segment covers the sale of LPG, related equipment, natural gas, heat supply, and coke. The Others segment includes contract processing, real estate management, and other ancillary businesses. It generates the majority of its revenue from the Gas segment.
75GF Score
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