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Good Life Co (TSE:2970) PB Ratio : 2.95 (As of Apr. 22, 2025)


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What is Good Life Co PB Ratio?

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 (2025-04-22), Good Life Co's share price is 円3020.00. Good Life Co's Book Value per Share for the quarter that ended in Dec. 2024 was 円1,022.09. Hence, Good Life Co's PB Ratio of today is 2.95.

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

TSE:2970' s PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.94   Max: 5.96
Current: 2.96

During the past 9 years, Good Life Co's highest PB Ratio was 5.96. The lowest was 1.01. And the median was 1.94.

TSE:2970's PB Ratio is ranked worse than
88.04% of 1714 companies
in the Real Estate industry
Industry Median: 0.78 vs TSE:2970: 2.96

During the past 12 months, Good Life Co's average Book Value Per Share Growth Rate was 31.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 23.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 17.00% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Good Life Co was 51.50% per year. The lowest was 10.00% per year. And the median was 20.10% per year.

Back to Basics: PB Ratio


Good Life Co PB Ratio Historical Data

The historical data trend for Good Life 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.

* Premium members only.

Good Life Co PB Ratio Chart

Good Life Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
PB Ratio
Get a 7-Day Free Trial Premium Member Only 2.41 1.39 1.03 1.97 2.40

Good Life Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24
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 2.26 1.97 5.33 3.33 2.40

Competitive Comparison of Good Life Co's PB Ratio

For the Real Estate Services subindustry, Good Life 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.


Good Life Co's PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Good Life Co's PB Ratio distribution charts can be found below:

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


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Good Life 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2024)
=3020.00/1022.085
=2.95

* 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.


Good Life Co  (TSE:2970) 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.


Good Life Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Good Life Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Good Life Co Business Description

Traded in Other Exchanges
N/A
Address
Hakataekiminami 1-2-15 3 Floor, Yubinbango, Hakata-ku, Fukuoka, Fukuoka, JPN, 812-0016
Good Life Co Inc is a Japan-based company offering management services for condominium management and real estate management. The company operates in four business divisions including trading business, design business, leasing business and management business. It also specializes in designing rental condominiums.

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