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The Why How Do CoTSE:3823 -9.38%44 PB Ratio is 2.75 as of Jul. 29, 2026, which is 44% below its 10-year median of 4.93. GuruFocus rates TSE:3823 with a GF Score™ of 44/100 and a GF Value™ of 円58.54 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,633 Software companies, The Why How Do Co ranks worse than 60.16% on this metric.
The historical rank and industry rank for The Why How Do Co's PB Ratio or its related term are showing as below:
TSE:3823'
s PB Ratio Range Over the Past 10 Years
Min: 1.28 Med: 4.93 Max: 27.02
Current: 2.76
During the past 13 years, The Why How Do Co's highest PB Ratio was 27.02. The lowest was 1.28. And the median was 4.93.
TSE:3823's PB Ratio is ranked worse than 60.16% of 2633
companies
in the Software industry
Industry Median: 2.39
vs TSE:3823: 2.76
During the past 12 months, The Why How Do Co's average Book Value Per Share Growth Rate was -22.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -23.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -19.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of The Why How Do Co was 56.40% per year. The lowest was -77.30% per year. And the median was -20.50% 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.
The Why How Do Co PB Ratio Related Terms
The Why How Do Co PB Ratio Historical Data
* Premium members only.
The historical data trend for The Why How Do 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 Software - Application subindustry, The Why How Do 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.
The Why How Do Co PB Ratio vs Software Industry
For the Software industry and Technology sector, The Why How Do Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where The Why How Do 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.
* 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.
The Why How Do Co (TSE:3823) has a PB Ratio of 2.75 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 The Why How Do Co and its competitors. This is 44% below median its historical median of 4.93. Over the past decade, The Why How Do Co's PB Ratio has ranged from 1.28 to 27.02. According to the industry distribution chart, The Why How Do Co ranks #1584 out of 2633 companies in the Software industry, placing it in the top 60.2%.
Is The Why How Do Co's PB Ratio too high?
The Why How Do Co's current PB Ratio of 2.75 is 44% below median its 10-year median of 4.93. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 27.02. The Software industry median PB Ratio is 2.39. The Why How Do Co's value of 2.75 is 15.1% above this industry median. Based on the distribution chart, The Why How Do Co ranks #1584 out of 2633 companies in the Software industry, which is below the industry midpoint. Overall, The Why How Do Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Why How Do Co's PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, The Why How Do Co ranks #1584 out of 2633 companies for PB Ratio. This places The Why How Do Co in the lower half of its industry. The industry median PB Ratio is 2.39. The Why How Do Co's value of 2.75 is 15.1% above this benchmark. Historically, The Why How Do Co's own PB Ratio has ranged from 1.28 to 27.02 over the past decade. While the company's 10-year median is 4.93 vs. the industry median of 2.39, The Why How Do 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 Software company?
The median PB Ratio among Software companies is 2.39, based on 2,633 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. The Why How Do Co's current PB Ratio of 2.75 is 15.1% 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 The Why How Do Co and its competitors. For the Software industry, the median PB Ratio is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Why How Do Co's current PB Ratio is 2.75, which is 44% below median its own 10-year median of 4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Why How Do Co stock overvalued right now?
Based on GuruFocus' analysis, The Why How Do Co (TSE:3823) is currently considered Possible Value Trap. The stock's GF Value™ is 円58.54, compared to a current price of 円29.00 — trading 50.5% below its estimated fair value. The current PB Ratio is 2.75, which is 44% below median its 10-year median of 4.93 and 15.1% above the Software industry median of 2.39. The Why How Do Co's overall GF Score™ is 44/100 with 4 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 The Why How Do Co (TSE:3823), the current PB Ratio is 2.75 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 The Why How Do Co (TSE:3823) Overvalued in 2026?
Based on GuruFocus' analysis, The Why How Do Co stock appears to be undervalued.
The current stock price of 円29.00 is trading 50.5% below its estimated GF Value™ of 円58.54.
GuruFocus considers The Why How Do Co to be Possible Value Trap.
Key valuation signals for TSE:3823:
PB Ratio: 2.75 (44% below median its 10-year median of 4.93)
GF Value™: 円58.54 vs. price of 円29.00 (50.5% below fair value)
Industry Position: 15.1% above the Software median (#1584 of 2633)
No single metric tells the full story. See the TSE:3823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Why How Do Co Inc formerly Acrodea Inc is a software company. It is mainly engaged in the development of platform services for smartphones and IoT related solutions. In addition, the company provides social game and application related development and services.
44GF Score
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