Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
i Grid SolutionsTSE:603A +11.59%8 PB Ratio is 3.77 as of Aug. 21, 2026. GuruFocus rates TSE:603A with a GF Score™ of 8/100. The stock has 1 warning sign investors should review. Among 436 Utilities - Independent Power Producers companies, i Grid Solutions ranks worse than 80.05% 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 (2026-08-21), i Grid Solutions's share price is 円876.00. i Grid Solutions's Book Value per Share for the quarter that ended in Mar. 2026 was 円232.52. Hence, i Grid Solutions's PB Ratio of today is 3.77.
The historical rank and industry rank for i Grid Solutions's PB Ratio or its related term are showing as below:
TSE:603A'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.66
Current: 3.38
During the past 2 years, i Grid Solutions's highest PB Ratio was 3.66. The lowest was 0.00. And the median was 0.00.
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.
i Grid Solutions PB Ratio Related Terms
i Grid Solutions PB Ratio Historical Data
* Premium members only.
The historical data trend for i Grid Solutions'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.
i Grid Solutions PB Ratio Chart
i Grid Solutions Annual Data
Trend
Jun24
Jun25
PB Ratio
0.00
0.00
i Grid Solutions Quarterly Data
Jun24
Jun25
Mar26
PB Ratio
0.00
0.00
0.00
TSE:603A vs : PB Ratio Comparison
For the Utilities - Renewable subindustry, i Grid Solutions'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.
i Grid Solutions PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, i Grid Solutions's PB Ratio distribution charts can be found below:
* The bar in red indicates where i Grid Solutions'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.
i Grid Solutions (TSE:603A) has a PB Ratio of 3.77 as of Aug. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on i Grid Solutions and its competitors. According to the industry distribution chart, i Grid Solutions ranks #349 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 80%.
Is i Grid Solutions' PB Ratio too high?
i Grid Solutions' current PB Ratio is 3.77. The Utilities - Independent Power Producers industry median PB Ratio is 1.27. i Grid Solutions' value of 3.77 is 196.9% above this industry median. Based on the distribution chart, i Grid Solutions ranks #349 out of 436 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, i Grid Solutions has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does i Grid Solutions' PB Ratio compare to ?
According to the Utilities - Independent Power Producers industry distribution chart, i Grid Solutions ranks #349 out of 436 companies for PB Ratio. This places i Grid Solutions in the lower half of its industry. The industry median PB Ratio is 1.27. i Grid Solutions' value of 3.77 is 196.9% above this benchmark. 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 an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.27, based on 436 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. i Grid Solutions's current PB Ratio of 3.77 is 196.9% 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 i Grid Solutions and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. i Grid Solutions's current PB Ratio is 3.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is i Grid Solutions stock overvalued right now?
i Grid Solutions (TSE:603A) has a current PB Ratio of 3.77. The current PB Ratio is 3.77 and 196.9% above the Utilities - Independent Power Producers industry median of 1.27. i Grid Solutions' overall GF Score™ is 8/100 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 i Grid Solutions (TSE:603A), the current PB Ratio is 3.77 as of Aug. 21, 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.
i Grid Solutions Inc develops and operates platforms for the integrated utilization of distributed energy resources. Its business activities include the development and operation of on-site solar power plants, related support and consulting services, energy storage systems, EV-related solutions, and renewable energy trading services.
8GF Score
Get the complete analysis for TSE:603A
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:603A has been successfully added to your 
