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Headwaters CoTSE:4011 -0.97%73 PB Ratio is 5.56 as of Jul. 26, 2026, which is 53% below its 10-year median of 11.90. GuruFocus rates TSE:4011 with a GF Score™ of 73/100 and a GF Value™ of 円8,127.98 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,637 Software companies, Headwaters Co ranks worse than 80.77% 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 (2026-07-26), Headwaters Co's share price is 円1936.00. Headwaters Co's Book Value per Share for the quarter that ended in Dec. 2025 was 円348.17. Hence, Headwaters Co's PB Ratio of today is 5.56.
Good Sign:
Headwaters Co Ltd stock PB Ratio (=5.56) is close to 3-year low of 5.56.
The historical rank and industry rank for Headwaters Co's PB Ratio or its related term are showing as below:
TSE:4011'
s PB Ratio Range Over the Past 10 Years
Min: 3.59 Med: 11.9 Max: 34.03
Current: 5.56
During the past 8 years, Headwaters Co's highest PB Ratio was 34.03. The lowest was 3.59. And the median was 11.90.
TSE:4011's PB Ratio is ranked worse than 80.77% of 2637
companies
in the Software industry
Industry Median: 2.35
vs TSE:4011: 5.56
During the past 12 months, Headwaters Co'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 14.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Headwaters Co was 40.80% per year. The lowest was 7.50% per year. And the median was 16.00% 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.
Headwaters Co PB Ratio Related Terms
Headwaters Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Headwaters 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, Headwaters 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.
Headwaters Co PB Ratio vs Software Industry
For the Software industry and Technology sector, Headwaters Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Headwaters 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.
Headwaters 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.
Headwaters Co (TSE:4011) has a PB Ratio of 5.56 as of Jul. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Headwaters Co and its competitors. This is 53% below median its historical median of 11.90. Over the past decade, Headwaters Co's PB Ratio has ranged from 3.59 to 34.03. According to the industry distribution chart, Headwaters Co ranks #2130 out of 2637 companies in the Software industry, placing it in the top 80.8%.
Is Headwaters Co's PB Ratio too high?
Headwaters Co's current PB Ratio of 5.56 is 53% below median its 10-year median of 11.90. Over the past 10 years, this metric has ranged from a low of 3.59 to a high of 34.03. The Software industry median PB Ratio is 2.35. Headwaters Co's value of 5.56 is 136.6% above this industry median. Based on the distribution chart, Headwaters Co ranks #2130 out of 2637 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Headwaters Co has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Headwaters Co's PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Headwaters Co ranks #2130 out of 2637 companies for PB Ratio. This places Headwaters Co in the lower half of its industry. The industry median PB Ratio is 2.35. Headwaters Co's value of 5.56 is 136.6% above this benchmark. Historically, Headwaters Co's own PB Ratio has ranged from 3.59 to 34.03 over the past decade. While the company's 10-year median is 11.90 vs. the industry median of 2.35, Headwaters 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 2.35, based on 2,637 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. Headwaters Co's current PB Ratio of 5.56 is 136.6% 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 Headwaters Co and its competitors. For the Software industry, the median PB Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Headwaters Co's current PB Ratio is 5.56, which is 53% below median its own 10-year median of 11.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headwaters Co stock overvalued right now?
Based on GuruFocus' analysis, Headwaters Co (TSE:4011) is currently considered Possible Value Trap. The stock's GF Value™ is 円8,127.98, compared to a current price of 円1,936.00 — trading 76.2% below its estimated fair value. The current PB Ratio is 5.56, which is 53% below median its 10-year median of 11.90 and 136.6% above the Software industry median of 2.35. Headwaters Co's overall GF Score™ is 73/100 with 5 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 Headwaters Co (TSE:4011), the current PB Ratio is 5.56 as of Jul. 26, 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 Headwaters Co (TSE:4011) Overvalued in 2026?
Based on GuruFocus' analysis, Headwaters Co stock appears to be undervalued.
The current stock price of 円1,936.00 is trading 76.2% below its estimated GF Value™ of 円8,127.98.
GuruFocus considers Headwaters Co to be Possible Value Trap.
Key valuation signals for TSE:4011:
PB Ratio: 5.56 (53% below median its 10-year median of 11.90)
GF Value™: 円8,127.98 vs. price of 円1,936.00 (76.2% below fair value)
Industry Position: 136.6% above the Software median (#2130 of 2637)
No single metric tells the full story. See the TSE:4011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Headwaters Co Ltd is engaged in the planning and development of artificial intelligence (AI) applications. It develops AI-related businesses such as AI platform operation, AI application development, robot application development, and cloud service operation. The group has a single segment, the AI solutions business.
73GF Score
Get the complete analysis for TSE:4011
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