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TOCALO CoTSE:3433 -5.63%95 PB Ratio is 2.57 as of Jul. 20, 2026, which is 49% above its 10-year median of 1.73. GuruFocus rates TSE:3433 with a GF Score™ of 95/100 and a GF Value™ of 円2,230.67 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,046 Business Services companies, TOCALO Co ranks worse than 69.12% 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 (2026-07-20), TOCALO Co's share price is 円2883.00. TOCALO Co's Book Value per Share for the quarter that ended in Mar. 2026 was 円1,122.55. Hence, TOCALO Co's PB Ratio of today is 2.57.
The historical rank and industry rank for TOCALO Co's PB Ratio or its related term are showing as below:
TSE:3433'
s PB Ratio Range Over the Past 10 Years
Min: 1.01 Med: 1.73 Max: 2.97
Current: 2.57
During the past 13 years, TOCALO Co's highest PB Ratio was 2.97. The lowest was 1.01. And the median was 1.73.
TSE:3433's PB Ratio is ranked worse than 69.12% of 1046
companies
in the Business Services industry
Industry Median: 1.645
vs TSE:3433: 2.57
During the past 12 months, TOCALO Co's average Book Value Per Share Growth Rate was 10.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TOCALO Co was 20.20% per year. The lowest was 5.20% per year. And the median was 8.70% 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.
TOCALO Co PB Ratio Related Terms
TOCALO Co PB Ratio Historical Data
* Premium members only.
The historical data trend for TOCALO 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 Specialty Business Services subindustry, TOCALO 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.
TOCALO Co PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, TOCALO Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where TOCALO 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.
TOCALO 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.
TOCALO Co (TSE:3433) has a PB Ratio of 2.57 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TOCALO Co and its competitors. This is 49% above median its historical median of 1.73. Over the past decade, TOCALO Co's PB Ratio has ranged from 1.01 to 2.97. According to the industry distribution chart, TOCALO Co ranks #723 out of 1046 companies in the Business Services industry, placing it in the top 69.1%.
Is TOCALO Co's PB Ratio too high?
TOCALO Co's current PB Ratio of 2.57 is 49% above median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 2.97. The Business Services industry median PB Ratio is 1.65. TOCALO Co's value of 2.57 is 56.2% above this industry median. Based on the distribution chart, TOCALO Co ranks #723 out of 1046 companies in the Business Services industry, which is below the industry midpoint. Overall, TOCALO Co has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOCALO Co's PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TOCALO Co ranks #723 out of 1046 companies for PB Ratio. This places TOCALO Co in the lower half of its industry. The industry median PB Ratio is 1.65. TOCALO Co's value of 2.57 is 56.2% above this benchmark. Historically, TOCALO Co's own PB Ratio has ranged from 1.01 to 2.97 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 1.65, TOCALO Co 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 1,046 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. TOCALO Co's current PB Ratio of 2.57 is 56.2% 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 TOCALO Co 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. TOCALO Co's current PB Ratio is 2.57, which is 49% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOCALO Co stock overvalued right now?
Based on GuruFocus' analysis, TOCALO Co (TSE:3433) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,230.67, compared to a current price of 円2,883.00 — trading 29.2% above its estimated fair value. The current PB Ratio is 2.57, which is 49% above median its 10-year median of 1.73 and 56.2% above the Business Services industry median of 1.65. TOCALO Co's overall GF Score™ is 95/100 with 1 warning sign 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 TOCALO Co (TSE:3433), the current PB Ratio is 2.57 as of Jul. 20, 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 TOCALO Co (TSE:3433) Overvalued in 2026?
Based on GuruFocus' analysis, TOCALO Co stock appears to be overvalued.
The current stock price of 円2,883.00 is trading 29.2% above its estimated GF Value™ of 円2,230.67.
GuruFocus considers TOCALO Co to be Modestly Overvalued.
Key valuation signals for TSE:3433:
PB Ratio: 2.57 (49% above median its 10-year median of 1.73)
GF Value™: 円2,230.67 vs. price of 円2,883.00 (29.2% above fair value)
Industry Position: 56.2% above the Business Services median (#723 of 1046)
No single metric tells the full story. See the TSE:3433 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOCALO Co Ltd develops surface modifying technologies in Japan and internationally. The company produces various functional coatings through thermal spraying technology, including vacuum plasma, atmospheric plasma, electric arc, and high-velocity oxy-fuel spraying, as well as powder, rod, and wire flame spraying processes. It also provides peripheral surface technologies, such as WIN KOTE, CDC-ZAC, and Lite Force coatings; and TD, PTA, and PVD processes.
95GF Score
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