S-Pool (TSE:2471) PB Ratio: 2.16 (As of Jul. 22, 2026) — 78% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:2471 S-Pool Inc TSE:2471
80 GF Score
Price 円269.00
GF Value 円279.73
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is S-Pool PB Ratio?

S-Pool TSE:2471 -1.10% 80 PB Ratio is 2.16 as of Jul. 22, 2026, which is 78% below its 10-year median of 10.04. GuruFocus rates TSE:2471 with a GF Score™ of 80/100 and a GF Value™ of 円279.73 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,047 Business Services companies, S-Pool ranks worse than 62.66% 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 (2026-07-22), S-Pool's share price is 円269.00. S-Pool's Book Value per Share for the quarter that ended in May. 2026 was 円124.37. Hence, S-Pool's PB Ratio of today is 2.16.

The historical rank and industry rank for S-Pool's PB Ratio or its related term are showing as below:

TSE:2471' s PB Ratio Range Over the Past 10 Years
Min: 1.83   Med: 10.04   Max: 42.45
Current: 2.17

During the past 13 years, S-Pool's highest PB Ratio was 42.45. The lowest was 1.83. And the median was 10.04.

TSE:2471's PB Ratio is ranked worse than
62.66% of 1047 companies
in the Business Services industry
Industry Median: 1.65 vs TSE:2471: 2.17

During the past 12 months, S-Pool's average Book Value Per Share Growth Rate was 5.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 81.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 23.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 28.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of S-Pool was 81.90% per year. The lowest was -47.90% per year. And the median was 41.60% per year.

Back to Basics: PB Ratio


S-Pool  (TSE:2471) 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.


S-Pool PB Ratio Related Terms


S-Pool PB Ratio Historical Data

* Premium members only.

The historical data trend for S-Pool'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.

S-Pool PB Ratio Chart

S-Pool Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.57 43.23 3.69 2.56 2.13

S-Pool Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 3.03 2.66 2.13 2.19 1.91

TSE:2471 vs CTAS, CPRT, ULS: PB Ratio Comparison

For the Specialty Business Services subindustry, S-Pool'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.


S-Pool PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, S-Pool's PB Ratio distribution charts can be found below:

* The bar in red indicates where S-Pool's PB Ratio falls into.


TSE:2471
80GF Score
S-Pool Inc TSE:2471
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S-Pool 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.

S-Pool's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: May. 2026)
=269.00/124.373
=2.16

* 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 2.16 mean?
S-Pool (TSE:2471) has a PB Ratio of 2.16 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on S-Pool and its competitors. This is 78% below median its historical median of 10.04. Over the past decade, S-Pool's PB Ratio has ranged from 1.83 to 42.45. According to the industry distribution chart, S-Pool ranks #656 out of 1047 companies in the Business Services industry, placing it in the top 62.7%.
Is S-Pool's PB Ratio too high?
S-Pool's current PB Ratio of 2.16 is 78% below median its 10-year median of 10.04. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 42.45. The Business Services industry median PB Ratio is 1.65. S-Pool's value of 2.16 is 30.9% above this industry median. Based on the distribution chart, S-Pool ranks #656 out of 1047 companies in the Business Services industry, which is below the industry midpoint. Overall, S-Pool has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does S-Pool's PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, S-Pool ranks #656 out of 1047 companies for PB Ratio. This places S-Pool in the lower half of its industry. The industry median PB Ratio is 1.65. S-Pool's value of 2.16 is 30.9% above this benchmark. Historically, S-Pool's own PB Ratio has ranged from 1.83 to 42.45 over the past decade. While the company's 10-year median is 10.04 vs. the industry median of 1.65, S-Pool 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 a Business Services company?
The median PB Ratio among Business Services companies is 1.65, based on 1,047 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. S-Pool's current PB Ratio of 2.16 is 30.9% 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 S-Pool and its competitors. For the Business Services industry, the median PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S-Pool's current PB Ratio is 2.16, which is 78% below median its own 10-year median of 10.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S-Pool stock overvalued right now?
Based on GuruFocus' analysis, S-Pool (TSE:2471) is currently considered Fairly Valued. The stock's GF Value™ is 円279.73, compared to a current price of 円269.00 — trading 3.8% below its estimated fair value. The current PB Ratio is 2.16, which is 78% below median its 10-year median of 10.04 and 30.9% above the Business Services industry median of 1.65. S-Pool's overall GF Score™ is 80/100 with 6 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 S-Pool (TSE:2471), the current PB Ratio is 2.16 as of Jul. 22, 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 S-Pool (TSE:2471) Overvalued in 2026?

Based on GuruFocus' analysis, S-Pool stock appears to be undervalued. The current stock price of 円269.00 is trading 3.8% below its estimated GF Value™ of 円279.73. GuruFocus considers S-Pool to be Fairly Valued.

Key valuation signals for TSE:2471:

  • PB Ratio: 2.16 (78% below median its 10-year median of 10.04)
  • GF Value™: 円279.73 vs. price of 円269.00 (3.8% below fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 30.9% above the Business Services median (#656 of 1047)

No single metric tells the full story. See the TSE:2471 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S-Pool Business Description

Address 3, No. 3 Building, No. 15 Rick Hugh Edobashi 2-chome, Tokyo, JPN
S-Pool Inc is engaged in providing business solutions and human resource solutions. The solutions offered by the company include employment support service for people with disabilities, logistics outsourcing service, sales support service, and professional talent bank service.
80GF Score

Get the complete analysis for TSE:2471

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

円269.00
Price
円279.73
GF Value