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Belc CoTSE:9974 -0.46%89 PB Ratio is 1.10 as of Jul. 19, 2026, which is 29% below its 10-year median of 1.55. GuruFocus rates TSE:9974 with a GF Score™ of 89/100 and a GF Value™ of 円8,020.06 (Modestly Undervalued). Among 307 Retail - Defensive companies, Belc Co ranks better than 68.08% 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 (2026-07-19), Belc Co's share price is 円6430.00. Belc Co's Book Value per Share for the quarter that ended in Feb. 2026 was 円5,837.02. Hence, Belc Co's PB Ratio of today is 1.10.
Good Sign:
Belc Co Ltd stock PB Ratio (=1.1) is close to 10-year low of 1.07.
The historical rank and industry rank for Belc Co's PB Ratio or its related term are showing as below:
TSE:9974'
s PB Ratio Range Over the Past 10 Years
Min: 1.07 Med: 1.55 Max: 2.51
Current: 1.1
During the past 13 years, Belc Co's highest PB Ratio was 2.51. The lowest was 1.07. And the median was 1.55.
TSE:9974's PB Ratio is ranked better than 68.08% of 307
companies
in the Retail - Defensive industry
Industry Median: 1.71
vs TSE:9974: 1.10
During the past 12 months, Belc Co's average Book Value Per Share Growth Rate was 9.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Belc Co was 10.40% per year. The lowest was -13.90% per year. And the median was 9.30% 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.
Belc Co PB Ratio Related Terms
Belc Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Belc 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 Grocery Stores subindustry, Belc 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.
Belc Co PB Ratio vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Belc Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Belc 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.
Belc 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.
Belc Co (TSE:9974) has a PB Ratio of 1.10 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Belc Co and its competitors. This is 29% below median its historical median of 1.55. Over the past decade, Belc Co's PB Ratio has ranged from 1.07 to 2.51. According to the industry distribution chart, Belc Co ranks #98 out of 307 companies in the Retail - Defensive industry, placing it in the top 31.9%.
Is Belc Co's PB Ratio too high?
Belc Co's current PB Ratio of 1.10 is 29% below median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.51. The Retail - Defensive industry median PB Ratio is 1.71. Belc Co's value of 1.10 is 35.7% below this industry median. Based on the distribution chart, Belc Co ranks #98 out of 307 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Belc Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belc Co's PB Ratio compare to KR?
According to the Retail - Defensive industry distribution chart, Belc Co ranks #98 out of 307 companies for PB Ratio. This puts Belc Co in the upper half of its industry. The industry median PB Ratio is 1.71. Belc Co's value of 1.10 is 35.7% below this benchmark. Historically, Belc Co's own PB Ratio has ranged from 1.07 to 2.51 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 1.71, Belc 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 Retail - Defensive company?
The median PB Ratio among Retail - Defensive companies is 1.71, based on 307 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. Belc Co's current PB Ratio of 1.10 is 35.7% 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 Belc Co and its competitors. For the Retail - Defensive industry, the median PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belc Co's current PB Ratio is 1.10, which is 29% below median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belc Co stock overvalued right now?
Based on GuruFocus' analysis, Belc Co (TSE:9974) is currently considered Modestly Undervalued. The stock's GF Value™ is 円8,020.06, compared to a current price of 円6,430.00 — trading 19.8% below its estimated fair value. The current PB Ratio is 1.10, which is 29% below median its 10-year median of 1.55 and 35.7% below the Retail - Defensive industry median of 1.71. Belc Co's overall GF Score™ is 89/100. 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 Belc Co (TSE:9974), the current PB Ratio is 1.10 as of Jul. 19, 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 Belc Co (TSE:9974) Overvalued in 2026?
Based on GuruFocus' analysis, Belc Co stock appears to be undervalued.
The current stock price of 円6,430.00 is trading 19.8% below its estimated GF Value™ of 円8,020.06.
GuruFocus considers Belc Co to be Modestly Undervalued.
Key valuation signals for TSE:9974:
PB Ratio: 1.10 (29% below median its 10-year median of 1.55)
GF Value™: 円8,020.06 vs. price of 円6,430.00 (19.8% below fair value)
Industry Position: 35.7% below the Retail - Defensive median (#98 of 307)
No single metric tells the full story. See the TSE:9974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on Saitama Prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities, and processed food. Belc Co. Ltd also provides services to its stores, including chain management and cleaning.
89GF Score
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