Frontier Management (TSE:7038) PB Ratio: 3.99 (As of Jul. 26, 2026) — 13% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:7038 Frontier Management Inc TSE:7038
68 GF Score
Price 円563.00
GF Value 円1,786.89
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Frontier Management PB Ratio?

Frontier Management TSE:7038 -0.35% 68 PB Ratio is 3.99 as of Jul. 26, 2026, which is 13% below its 10-year median of 4.57. GuruFocus rates TSE:7038 with a GF Score™ of 68/100 and a GF Value™ of 円1,786.89 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,047 Business Services companies, Frontier Management ranks worse than 81.57% 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), Frontier Management's share price is 円563.00. Frontier Management's Book Value per Share for the quarter that ended in Dec. 2025 was 円141.26. Hence, Frontier Management's PB Ratio of today is 3.99.

Warning Sign:

Frontier Management Inc stock PB Ratio (=3.99) is close to 2-year high of 4.41.

The historical rank and industry rank for Frontier Management's PB Ratio or its related term are showing as below:

TSE:7038' s PB Ratio Range Over the Past 10 Years
Min: 2.52   Med: 4.57   Max: 16.96
Current: 3.99

During the past 10 years, Frontier Management's highest PB Ratio was 16.96. The lowest was 2.52. And the median was 4.57.

TSE:7038's PB Ratio is ranked worse than
81.57% of 1047 companies
in the Business Services industry
Industry Median: 1.65 vs TSE:7038: 3.99

During the past 12 months, Frontier Management's average Book Value Per Share Growth Rate was -35.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -16.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.10% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Frontier Management was 58.70% per year. The lowest was -16.90% per year. And the median was 10.50% per year.

Back to Basics: PB Ratio


Frontier Management  (TSE:7038) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Frontier Management PB Ratio Related Terms


Frontier Management PB Ratio Historical Data

* Premium members only.

The historical data trend for Frontier Management'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.

Frontier Management PB Ratio Chart

Frontier Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.43 4.88 4.71 3.11 4.30

Frontier Management Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.18 3.48 3.79 4.30 3.97

TSE:7038 vs CTAS, CPRT, ULS: PB Ratio Comparison

For the Specialty Business Services subindustry, Frontier Management'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.


Frontier Management PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Frontier Management's PB Ratio distribution charts can be found below:

* The bar in red indicates where Frontier Management's PB Ratio falls into.


TSE:7038
68GF Score
Frontier Management Inc TSE:7038
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frontier Management 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.

Frontier Management's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=563.00/141.26
=3.99

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 3.99 mean?
Frontier Management (TSE:7038) has a PB Ratio of 3.99 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 Frontier Management and its competitors. This is 13% below median its historical median of 4.57. Over the past decade, Frontier Management's PB Ratio has ranged from 2.52 to 16.96. According to the industry distribution chart, Frontier Management ranks #854 out of 1047 companies in the Business Services industry, placing it in the top 81.6%.
Is Frontier Management's PB Ratio too high?
Frontier Management's current PB Ratio of 3.99 is 13% below median its 10-year median of 4.57. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 16.96. The Business Services industry median PB Ratio is 1.65. Frontier Management's value of 3.99 is 141.8% above this industry median. Based on the distribution chart, Frontier Management ranks #854 out of 1047 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Frontier Management has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frontier Management's PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Frontier Management ranks #854 out of 1047 companies for PB Ratio. This places Frontier Management in the lower half of its industry. The industry median PB Ratio is 1.65. Frontier Management's value of 3.99 is 141.8% above this benchmark. Historically, Frontier Management's own PB Ratio has ranged from 2.52 to 16.96 over the past decade. While the company's 10-year median is 4.57 vs. the industry median of 1.65, Frontier Management 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 1,047 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. Frontier Management's current PB Ratio of 3.99 is 141.8% 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 Frontier Management 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. Frontier Management's current PB Ratio is 3.99, which is 13% below median its own 10-year median of 4.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Management stock overvalued right now?
Based on GuruFocus' analysis, Frontier Management (TSE:7038) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,786.89, compared to a current price of 円563.00 — trading 68.5% below its estimated fair value. The current PB Ratio is 3.99, which is 13% below median its 10-year median of 4.57 and 141.8% above the Business Services industry median of 1.65. Frontier Management's overall GF Score™ is 68/100 with 7 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 Frontier Management (TSE:7038), the current PB Ratio is 3.99 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 Frontier Management (TSE:7038) Overvalued in 2026?

Based on GuruFocus' analysis, Frontier Management stock appears to be undervalued. The current stock price of 円563.00 is trading 68.5% below its estimated GF Value™ of 円1,786.89. GuruFocus considers Frontier Management to be Possible Value Trap.

Key valuation signals for TSE:7038:

  • PB Ratio: 3.99 (13% below median its 10-year median of 4.57)
  • GF Value™: 円1,786.89 vs. price of 円563.00 (68.5% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 141.8% above the Business Services median (#854 of 1047)

No single metric tells the full story. See the TSE:7038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Frontier Management Business Description

Address 3-2-1 Roppongi, 41st Floor, Sumitomo Fudosan Roppongi Grand Tower, Minato-ku, Tokyo, JPN, 106-6241
Frontier Management Inc is engaged in the consulting and investment business. The company has two reportable segments: Consulting and Advisory Business and Investment Business. The Consulting and Advisory segment provides management consulting, M&A advisory, and revitalization support services. The Investment segment involves the dispatch of management personnel to enhance the long-term, sustainable corporate value of investees. It generates the majority of its revenue from the Consulting and Advisory Business segment.
68GF Score

Get the complete analysis for TSE:7038

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円563.00
Price
円1,786.89
GF Value