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Verite CoTSE:9904 +0.41%72 PB Ratio is 1.56 as of Aug. 09, 2026, which is 26% below its 10-year median of 2.10. GuruFocus rates TSE:9904 with a GF Score™ of 72/100 and a GF Value™ of 円473.48 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,083 Retail - Cyclical companies, Verite Co ranks worse than 51.06% 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 (2026-08-09), Verite Co's share price is 円242.00. Verite Co's Book Value per Share for the quarter that ended in Mar. 2026 was 円155.52. Hence, Verite Co's PB Ratio of today is 1.56.
The historical rank and industry rank for Verite Co's PB Ratio or its related term are showing as below:
TSE:9904'
s PB Ratio Range Over the Past 10 Years
Min: 0.52 Med: 2.1 Max: 3.08
Current: 1.56
During the past 13 years, Verite Co's highest PB Ratio was 3.08. The lowest was 0.52. And the median was 2.10.
TSE:9904's PB Ratio is ranked worse than 51.06% of 1083
companies
in the Retail - Cyclical industry
Industry Median: 1.5
vs TSE:9904: 1.56
During the past 12 months, Verite Co's average Book Value Per Share Growth Rate was -5.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.30% 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 Verite Co was 1.30% per year. The lowest was -18.20% per year. And the median was -4.95% 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.
Verite Co PB Ratio Related Terms
Verite Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Verite 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 Luxury Goods subindustry, Verite 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.
Verite Co PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Verite Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Verite 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.
Verite 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.
Verite Co (TSE:9904) has a PB Ratio of 1.56 as of Aug. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Verite Co and its competitors. This is 26% below median its historical median of 2.10. Over the past decade, Verite Co's PB Ratio has ranged from 0.52 to 3.08. According to the industry distribution chart, Verite Co ranks #553 out of 1083 companies in the Retail - Cyclical industry, placing it in the top 51.1%.
Is Verite Co's PB Ratio too high?
Verite Co's current PB Ratio of 1.56 is 26% below median its 10-year median of 2.10. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 3.08. The Retail - Cyclical industry median PB Ratio is 1.50. Verite Co's value of 1.56 is 4% above this industry median. Based on the distribution chart, Verite Co ranks #553 out of 1083 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Verite Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Verite Co's PB Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Verite Co ranks #553 out of 1083 companies for PB Ratio. This places Verite Co in the lower half of its industry. The industry median PB Ratio is 1.50. Verite Co's value of 1.56 is 4% above this benchmark. Historically, Verite Co's own PB Ratio has ranged from 0.52 to 3.08 over the past decade. While the company's 10-year median is 2.10 vs. the industry median of 1.50, Verite 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 Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.50, based on 1,083 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. Verite Co's current PB Ratio of 1.56 is 4% 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 Verite Co and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verite Co's current PB Ratio is 1.56, which is 26% below median its own 10-year median of 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verite Co stock overvalued right now?
Based on GuruFocus' analysis, Verite Co (TSE:9904) is currently considered Significantly Undervalued. The stock's GF Value™ is 円473.48, compared to a current price of 円242.00 — trading 48.9% below its estimated fair value. The current PB Ratio is 1.56, which is 26% below median its 10-year median of 2.10 and 4% above the Retail - Cyclical industry median of 1.50. Verite Co's overall GF Score™ is 72/100 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 Verite Co (TSE:9904), the current PB Ratio is 1.56 as of Aug. 09, 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 Verite Co (TSE:9904) Overvalued in 2026?
Based on GuruFocus' analysis, Verite Co stock appears to be undervalued.
The current stock price of 円242.00 is trading 48.9% below its estimated GF Value™ of 円473.48.
GuruFocus considers Verite Co to be Significantly Undervalued.
Key valuation signals for TSE:9904:
PB Ratio: 1.56 (26% below median its 10-year median of 2.10)
GF Value™: 円473.48 vs. price of 円242.00 (48.9% below fair value)
Industry Position: 4% above the Retail - Cyclical median (#553 of 1083)
No single metric tells the full story. See the TSE:9904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Verite Co Ltd is engaged in operating jewellery specialty retail chain. The company is engaged in manufacture and sale of precious metal, clock, and fashion goods. The firm offers customer service and after sales service which include repair, processing and renovation.
72GF Score
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