Asukanet Co (TSE:2438) PB Ratio: 0.92 (As of Jul. 29, 2026) — 68% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

TSE:2438 Asukanet Co Ltd TSE:2438
52 GF Score
Price 円327.00
GF Value 円508.19
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Asukanet Co PB Ratio?

Asukanet Co TSE:2438 -2.97% 52 PB Ratio is 0.92 as of Jul. 29, 2026, which is 68% below its 10-year median of 2.91. GuruFocus rates TSE:2438 with a GF Score™ of 52/100 and a GF Value™ of 円508.19 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 88 Personal Services companies, Asukanet Co ranks better than 68.18% 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 (2026-07-29), Asukanet Co's share price is 円327.00. Asukanet Co's Book Value per Share for the quarter that ended in Apr. 2026 was 円355.83. Hence, Asukanet Co's PB Ratio of today is 0.92.

The historical rank and industry rank for Asukanet Co's PB Ratio or its related term are showing as below:

TSE:2438' s PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 2.91   Max: 9.35
Current: 0.92

During the past 13 years, Asukanet Co's highest PB Ratio was 9.35. The lowest was 0.85. And the median was 2.91.

TSE:2438's PB Ratio is ranked better than
68.18% of 88 companies
in the Personal Services industry
Industry Median: 1.56 vs TSE:2438: 0.92

During the past 12 months, Asukanet Co's average Book Value Per Share Growth Rate was 3.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Asukanet Co was 13.30% per year. The lowest was -1.60% per year. And the median was 7.65% per year.

Back to Basics: PB Ratio


Asukanet Co  (TSE:2438) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Asukanet Co PB Ratio Related Terms


Asukanet Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Asukanet 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.

Asukanet Co PB Ratio Chart

Asukanet Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.97 2.52 1.72 1.22 0.96

Asukanet Co Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.72 1.40 1.22 1.03 0.96

TSE:2438 vs ROL, SCI, HRB: PB Ratio Comparison

For the Personal Services subindustry, Asukanet 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.


Asukanet Co PB Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Asukanet Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Asukanet Co's PB Ratio falls into.


TSE:2438
52GF Score
Asukanet Co Ltd TSE:2438
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asukanet Co PB Ratio Calculation

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.

Asukanet Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Apr. 2026)
=327.00/355.825
=0.92

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.92 mean?
Asukanet Co (TSE:2438) has a PB Ratio of 0.92 as of Jul. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Asukanet Co and its competitors. This is 68% below median its historical median of 2.91. Over the past decade, Asukanet Co's PB Ratio has ranged from 0.85 to 9.35. According to the industry distribution chart, Asukanet Co ranks #28 out of 88 companies in the Personal Services industry, placing it in the top 31.8%.
Is Asukanet Co's PB Ratio too high?
Asukanet Co's current PB Ratio of 0.92 is 68% below median its 10-year median of 2.91. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 9.35. The Personal Services industry median PB Ratio is 1.56. Asukanet Co's value of 0.92 is 41% below this industry median. Based on the distribution chart, Asukanet Co ranks #28 out of 88 companies in the Personal Services industry, which is above the industry midpoint. Overall, Asukanet Co has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asukanet Co's PB Ratio compare to ROL and SCI?
According to the Personal Services industry distribution chart, Asukanet Co ranks #28 out of 88 companies for PB Ratio. This puts Asukanet Co in the upper half of its industry. The industry median PB Ratio is 1.56. Asukanet Co's value of 0.92 is 41% below this benchmark. Historically, Asukanet Co's own PB Ratio has ranged from 0.85 to 9.35 over the past decade. While the company's 10-year median is 2.91 vs. the industry median of 1.56, Asukanet 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 Personal Services company?
The median PB Ratio among Personal Services companies is 1.56, based on 88 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. Asukanet Co's current PB Ratio of 0.92 is 41% 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 Asukanet Co and its competitors. For the Personal Services industry, the median PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asukanet Co's current PB Ratio is 0.92, which is 68% below median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asukanet Co stock overvalued right now?
Based on GuruFocus' analysis, Asukanet Co (TSE:2438) is currently considered Significantly Undervalued. The stock's GF Value™ is 円508.19, compared to a current price of 円327.00 — trading 35.7% below its estimated fair value. The current PB Ratio is 0.92, which is 68% below median its 10-year median of 2.91 and 41% below the Personal Services industry median of 1.56. Asukanet Co's overall GF Score™ is 52/100 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 Asukanet Co (TSE:2438), the current PB Ratio is 0.92 as of Jul. 29, 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 Asukanet Co (TSE:2438) Overvalued in 2026?

Based on GuruFocus' analysis, Asukanet Co stock appears to be undervalued. The current stock price of 円327.00 is trading 35.7% below its estimated GF Value™ of 円508.19. GuruFocus considers Asukanet Co to be Significantly Undervalued.

Key valuation signals for TSE:2438:

  • PB Ratio: 0.92 (68% below median its 10-year median of 2.91)
  • GF Value™: 円508.19 vs. price of 円327.00 (35.7% below fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 41% below the Personal Services median (#28 of 88)

No single metric tells the full story. See the TSE:2438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asukanet Co Business Description

Address 3-28-14 Gion, Asaminami-ku, Hiroshima, JPN
Asukanet Co Ltd is engaged in the business of memorial design services which provides digital processing services for portraits of deceased persons, and the provision of funeral-related production services. It is also engaged in the manufacture and sale of individual photo albums. It is also involved in the research and marketing activities related to aerial imaging technology.
52GF Score

Get the complete analysis for TSE:2438

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円327.00
Price
円508.19
GF Value