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First Baking CoTSE:2215 +0.48%60 PB Ratio is 0.49 as of Sep. 10, 2026, which is 36% below its 10-year median of 0.76. GuruFocus rates TSE:2215 with a GF Score™ of 60/100 and a GF Value™ of 円502.43 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, First Baking Co ranks better than 88.7% 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 (2026-09-10), First Baking Co's share price is 円623.00. First Baking Co's Book Value per Share for the quarter that ended in Jun. 2026 was 円1,265.64. Hence, First Baking Co's PB Ratio of today is 0.49.
Good Sign:
First Baking Co Ltd stock PB Ratio (=0.48) is close to 3-year low of 0.44.
The historical rank and industry rank for First Baking Co's PB Ratio or its related term are showing as below:
TSE:2215'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.76 Max: 1.06
Current: 0.49
During the past 13 years, First Baking Co's highest PB Ratio was 1.06. The lowest was 0.43. And the median was 0.76.
TSE:2215's PB Ratio is ranked better than 88.7% of 1912
companies
in the Consumer Packaged Goods industry
Industry Median: 1.43
vs TSE:2215: 0.49
During the past 12 months, First Baking Co's average Book Value Per Share Growth Rate was 7.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Baking Co was 13.60% per year. The lowest was -11.40% per year. And the median was 0.20% 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.
First Baking Co PB Ratio Related Terms
First Baking Co PB Ratio Historical Data
* Premium members only.
The historical data trend for First Baking 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 Packaged Foods subindustry, First Baking 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.
First Baking Co PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, First Baking Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Baking 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.
First Baking 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.
First Baking Co (TSE:2215) has a PB Ratio of 0.49 as of Sep. 10, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Baking Co and its competitors. This is 36% below median its historical median of 0.76. Over the past decade, First Baking Co's PB Ratio has ranged from 0.43 to 1.06. According to the industry distribution chart, First Baking Co ranks #216 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 11.3%.
Is First Baking Co's PB Ratio too high?
First Baking Co's current PB Ratio of 0.49 is 36% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.06. The Consumer Packaged Goods industry median PB Ratio is 1.43. First Baking Co's value of 0.49 is 65.7% below this industry median. Based on the distribution chart, First Baking Co ranks #216 out of 1912 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, First Baking Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Baking Co's PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, First Baking Co ranks #216 out of 1912 companies for PB Ratio. This places First Baking Co in the top 11% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.43. First Baking Co's value of 0.49 is 65.7% below this benchmark. Historically, First Baking Co's own PB Ratio has ranged from 0.43 to 1.06 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.43, First Baking 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 a Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.43, based on 1,912 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. First Baking Co's current PB Ratio of 0.49 is 65.7% 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 First Baking Co and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Baking Co's current PB Ratio is 0.49, which is 36% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Baking Co stock overvalued right now?
Based on GuruFocus' analysis, First Baking Co (TSE:2215) is currently considered Modestly Overvalued. The stock's GF Value™ is 円502.43, compared to a current price of 円623.00 — trading 24% above its estimated fair value. The current PB Ratio is 0.49, which is 36% below median its 10-year median of 0.76 and 65.7% below the Consumer Packaged Goods industry median of 1.43. First Baking Co's overall GF Score™ is 60/100 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 First Baking Co (TSE:2215), the current PB Ratio is 0.49 as of Sep. 10, 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 First Baking Co (TSE:2215) Overvalued in 2026?
Based on GuruFocus' analysis, First Baking Co stock appears to be overvalued.
The current stock price of 円623.00 is trading 24% above its estimated GF Value™ of 円502.43.
GuruFocus considers First Baking Co to be Modestly Overvalued.
Key valuation signals for TSE:2215:
PB Ratio: 0.49 (36% below median its 10-year median of 0.76)
GF Value™: 円502.43 vs. price of 円623.00 (24% above fair value)
Industry Position: 65.7% below the Consumer Packaged Goods median (#216 of 1912)
No single metric tells the full story. See the TSE:2215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Baking Co Ltd is engaged in manufacture and selling of packaged foods and bakery foods. The products of the company include sip wrapping series, mini croissant series, apple ring series, and large Danish series.
60GF Score
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