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FJ Next Holdings CoTSE:8935 -2.30%93 PB Ratio is 0.72 as of Jul. 18, 2026, which is 14% above its 10-year median of 0.63. GuruFocus rates TSE:8935 with a GF Score™ of 93/100 and a GF Value™ of 円1,830.91 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,712 Real Estate companies, FJ Next Holdings Co ranks better than 54.85% on this metric.
The historical rank and industry rank for FJ Next Holdings Co's PB Ratio or its related term are showing as below:
TSE:8935'
s PB Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.63 Max: 1.14
Current: 0.72
During the past 13 years, FJ Next Holdings Co's highest PB Ratio was 1.14. The lowest was 0.48. And the median was 0.63.
TSE:8935's PB Ratio is ranked better than 54.85% of 1712
companies
in the Real Estate industry
Industry Median: 0.82
vs TSE:8935: 0.72
During the past 12 months, FJ Next Holdings 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 8.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of FJ Next Holdings Co was 14.20% per year. The lowest was -2.60% per year. And the median was 10.20% per year.
Back to Basics: PB Ratio
FJ Next Holdings Co (TSE:8935) 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.
FJ Next Holdings Co PB Ratio Related Terms
FJ Next Holdings Co PB Ratio Historical Data
* Premium members only.
The historical data trend for FJ Next Holdings 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.
FJ Next Holdings Co PB Ratio Competitor Comparison
For the Real Estate - Diversified subindustry, FJ Next Holdings 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.
FJ Next Holdings Co PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FJ Next Holdings Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where FJ Next Holdings 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.
FJ Next Holdings Co (TSE:8935) has a PB Ratio of 0.72 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on FJ Next Holdings Co and its competitors. This is 14% above median its historical median of 0.63. Over the past decade, FJ Next Holdings Co's PB Ratio has ranged from 0.48 to 1.14. According to the industry distribution chart, FJ Next Holdings Co ranks #773 out of 1712 companies in the Real Estate industry, placing it in the top 45.2%.
Is FJ Next Holdings Co's PB Ratio too high?
FJ Next Holdings Co's current PB Ratio of 0.72 is 14% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.14. The Real Estate industry median PB Ratio is 0.82. FJ Next Holdings Co's value of 0.72 is 12.2% below this industry median. Based on the distribution chart, FJ Next Holdings Co ranks #773 out of 1712 companies in the Real Estate industry, which is above the industry midpoint. Overall, FJ Next Holdings Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FJ Next Holdings Co's PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, FJ Next Holdings Co ranks #773 out of 1712 companies for PB Ratio. This puts FJ Next Holdings Co in the upper half of its industry. The industry median PB Ratio is 0.82. FJ Next Holdings Co's value of 0.72 is 12.2% below this benchmark. Historically, FJ Next Holdings Co's own PB Ratio has ranged from 0.48 to 1.14 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.82, FJ Next Holdings 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,712 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. FJ Next Holdings Co's current PB Ratio of 0.72 is 12.2% 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 FJ Next Holdings Co and its competitors. For the Real Estate industry, the median PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FJ Next Holdings Co's current PB Ratio is 0.72, which is 14% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FJ Next Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, FJ Next Holdings Co (TSE:8935) is currently considered Fairly Valued. The stock's GF Value™ is 円1,830.91, compared to a current price of 円1,781.00 — trading 2.7% below its estimated fair value. The current PB Ratio is 0.72, which is 14% above median its 10-year median of 0.63 and 12.2% below the Real Estate industry median of 0.82. FJ Next Holdings Co's overall GF Score™ is 93/100 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 FJ Next Holdings Co (TSE:8935), the current PB Ratio is 0.72 as of Jul. 18, 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 FJ Next Holdings Co (TSE:8935) Overvalued in 2026?
Based on GuruFocus' analysis, FJ Next Holdings Co stock appears to be undervalued.
The current stock price of 円1,781.00 is trading 2.7% below its estimated GF Value™ of 円1,830.91.
GuruFocus considers FJ Next Holdings Co to be Fairly Valued.
Key valuation signals for TSE:8935:
PB Ratio: 0.72 (14% above median its 10-year median of 0.63)
GF Value™: 円1,830.91 vs. price of 円1,781.00 (2.7% below fair value)
Industry Position: 12.2% below the Real Estate median (#773 of 1712)
No single metric tells the full story. See the TSE:8935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FJ Next Holdings Co Ltd operates in the real estate sector in Japan. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Development, Real Estate Management, Construction, Hotel, and others. The majority of its revenue is generated from the Real Estate Development business, which is engaged in the development, sales, and marketing of studio apartments, resort properties, and family apartments (Gala Mansion Series and Gala Residencies) mainly in the Tokyo metropolitan area. In addition, this segment also offers rental recruitment and real estate brokerage services.
93GF Score
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