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TSE:6844's PB Ratio is ranked better than 93.13% of 2418
companies
in the Hardware industry
Industry Median: 2.165
vs TSE:6844: 0.47
During the past 12 months, Shindengen Electric Manufacturing Co's average Book Value Per Share Growth Rate was 11.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shindengen Electric Manufacturing Co was 17.90% per year. The lowest was -18.70% per year. And the median was 4.90% per year.
Back to Basics: PB Ratio
Shindengen Electric Manufacturing Co (TSE:6844) PB Ratio Explanation
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.
Shindengen Electric Manufacturing Co PB Ratio Related Terms
Shindengen Electric Manufacturing Co PB Ratio Historical Data
* 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.
Shindengen Electric Manufacturing Co PB Ratio Chart
For the Electronic Components subindustry, Shindengen Electric Manufacturing 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.
Shindengen Electric Manufacturing Co PB Ratio vs Hardware Industry
Shindengen Electric Manufacturing Co PB Ratio Calculation
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.
Shindengen Electric Manufacturing Co (TSE:6844) has a PB Ratio of 0.47 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shindengen Electric Manufacturing Co and its competitors. This is 20% below median its historical median of 0.59. Over the past decade, Shindengen Electric Manufacturing Co's PB Ratio has ranged from 0.29 to 1.80. According to the industry distribution chart, Shindengen Electric Manufacturing Co ranks #166 out of 2418 companies in the Hardware industry, placing it in the top 6.9%.
Is Shindengen Electric Manufacturing Co's PB Ratio too high?
Shindengen Electric Manufacturing Co's current PB Ratio of 0.47 is 20% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.80. The Hardware industry median PB Ratio is 2.17. Shindengen Electric Manufacturing Co's value of 0.47 is 78.3% below this industry median. Based on the distribution chart, Shindengen Electric Manufacturing Co ranks #166 out of 2418 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Shindengen Electric Manufacturing Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shindengen Electric Manufacturing Co's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Shindengen Electric Manufacturing Co ranks #166 out of 2418 companies for PB Ratio. This places Shindengen Electric Manufacturing Co in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.17. Shindengen Electric Manufacturing Co's value of 0.47 is 78.3% below this benchmark. Historically, Shindengen Electric Manufacturing Co's own PB Ratio has ranged from 0.29 to 1.80 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 2.17, Shindengen Electric Manufacturing Co 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 Hardware company?
The median PB Ratio among Hardware companies is 2.17, based on 2,418 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. Shindengen Electric Manufacturing Co's current PB Ratio of 0.47 is 78.3% 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 Shindengen Electric Manufacturing Co and its competitors. For the Hardware industry, the median PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shindengen Electric Manufacturing Co's current PB Ratio is 0.47, which is 20% below median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shindengen Electric Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co (TSE:6844) is currently considered Fairly Valued. The stock's GF Value™ is 円3,378.90, compared to a current price of 円3,355.00 — trading 0.7% below its estimated fair value. The current PB Ratio is 0.47, which is 20% below median its 10-year median of 0.59 and 78.3% below the Hardware industry median of 2.17. Shindengen Electric Manufacturing Co's overall GF Score™ is 77/100 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 Shindengen Electric Manufacturing Co (TSE:6844), the current PB Ratio is 0.47 as of Jul. 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.
Is Shindengen Electric Manufacturing Co (TSE:6844) Overvalued in 2026?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co stock appears to be undervalued.
The current stock price of 円3,355.00 is trading 0.7% below its estimated GF Value™ of 円3,378.90.
GuruFocus considers Shindengen Electric Manufacturing Co to be Fairly Valued.
Key valuation signals for TSE:6844:
PB Ratio: 0.47 (20% below median its 10-year median of 0.59)
GF Value™: 円3,378.90 vs. price of 円3,355.00 (0.7% below fair value)
Industry Position: 78.3% below the Hardware median (#166 of 2418)
No single metric tells the full story. See the TSE:6844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shindengen Electric Manufacturing Co Business Description
Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.
77GF Score
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