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ChoeiTSE:2993 +0.70%64 PB Ratio is 0.77 as of Jul. 23, 2026, which is 11% below its 10-year median of 0.87. GuruFocus rates TSE:2993 with a GF Score™ of 64/100 and a GF Value™ of 円2,477.05 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,712 Real Estate companies, Choei ranks better than 52.92% 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 (2026-07-23), Choei's share price is 円2165.00. Choei's Book Value per Share for the quarter that ended in Mar. 2026 was 円2,804.42. Hence, Choei's PB Ratio of today is 0.77.
Good Sign:
Choei Inc stock PB Ratio (=0.76) is close to 5-year low of 0.73.
The historical rank and industry rank for Choei's PB Ratio or its related term are showing as below:
TSE:2993'
s PB Ratio Range Over the Past 10 Years
Min: 0.73 Med: 0.87 Max: 1.27
Current: 0.78
During the past 7 years, Choei's highest PB Ratio was 1.27. The lowest was 0.73. And the median was 0.87.
TSE:2993's PB Ratio is ranked better than 52.92% of 1712
companies
in the Real Estate industry
Industry Median: 0.81
vs TSE:2993: 0.78
During the past 12 months, Choei'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 8.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.70% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Choei was 19.90% per year. The lowest was 8.90% per year. And the median was 14.95% 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.
Choei PB Ratio Related Terms
Choei PB Ratio Historical Data
* Premium members only.
The historical data trend for Choei'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 Real Estate Services subindustry, Choei'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.
Choei PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Choei's PB Ratio distribution charts can be found below:
* The bar in red indicates where Choei'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.
Choei'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.
Choei (TSE:2993) has a PB Ratio of 0.77 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Choei and its competitors. This is 11% below median its historical median of 0.87. Over the past decade, Choei's PB Ratio has ranged from 0.73 to 1.27. According to the industry distribution chart, Choei ranks #806 out of 1712 companies in the Real Estate industry, placing it in the top 47.1%.
Is Choei's PB Ratio too high?
Choei's current PB Ratio of 0.77 is 11% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 1.27. The Real Estate industry median PB Ratio is 0.81. Choei's value of 0.77 is 4.9% below this industry median. Based on the distribution chart, Choei ranks #806 out of 1712 companies in the Real Estate industry, which is above the industry midpoint. Overall, Choei has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choei's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Choei ranks #806 out of 1712 companies for PB Ratio. This puts Choei in the upper half of its industry. The industry median PB Ratio is 0.81. Choei's value of 0.77 is 4.9% below this benchmark. Historically, Choei's own PB Ratio has ranged from 0.73 to 1.27 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 0.81, Choei 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,712 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. Choei's current PB Ratio of 0.77 is 4.9% 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 Choei and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Choei's current PB Ratio is 0.77, which is 11% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choei stock overvalued right now?
Based on GuruFocus' analysis, Choei (TSE:2993) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,477.05, compared to a current price of 円2,165.00 — trading 12.6% below its estimated fair value. The current PB Ratio is 0.77, which is 11% below median its 10-year median of 0.87 and 4.9% below the Real Estate industry median of 0.81. Choei's overall GF Score™ is 64/100 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 Choei (TSE:2993), the current PB Ratio is 0.77 as of Jul. 23, 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 Choei (TSE:2993) Overvalued in 2026?
Based on GuruFocus' analysis, Choei stock appears to be undervalued.
The current stock price of 円2,165.00 is trading 12.6% below its estimated GF Value™ of 円2,477.05.
GuruFocus considers Choei to be Modestly Undervalued.
Key valuation signals for TSE:2993:
PB Ratio: 0.77 (11% below median its 10-year median of 0.87)
GF Value™: 円2,477.05 vs. price of 円2,165.00 (12.6% below fair value)
Industry Position: 4.9% below the Real Estate median (#806 of 1712)
No single metric tells the full story. See the TSE:2993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Choei Inc is engaged in the real estate management and real estate rental businesses. The real estate management business provides necessary services for rental property management, such as building maintenance, renovation work, and rental brokerage (leasing), in addition to tenant management, and the real estate rental business mainly handles the rental of its properties and subleased properties. The company's reportable segments are Property Rental Business, which generates the maximum revenue, and the Property Management Business.
64GF Score
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