Daiwa Securities GroupDSECF -0.97%66 PB Ratio is 1.20 as of Jun. 27, 2026, which is 50% above its 10-year median of 0.80. GuruFocus rates DSECF with a GF Score™ of 66/100 and a GF Value™ of $7.61 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 778 Capital Markets companies, Daiwa Securities Group ranks better than 52.83% on this metric.
Daiwa Securities Group Inc stock PB Ratio (=1.26) is close to 10-year high of 1.33.
The historical rank and industry rank for Daiwa Securities Group's PB Ratio or its related term are showing as below:
DSECF'
s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.8 Max: 1.33
Current: 1.26
During the past 13 years, Daiwa Securities Group's highest PB Ratio was 1.33. The lowest was 0.47. And the median was 0.80.
DSECF's PB Ratio is ranked better than 52.83% of 778
companies
in the Capital Markets industry
Industry Median: 1.29
vs DSECF: 1.26
During the past 12 months, Daiwa Securities Group'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 9.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Daiwa Securities Group was 16.10% per year. The lowest was -7.00% per year. And the median was 4.30% per year.
Back to Basics: PB Ratio
Daiwa Securities Group (OTCPK:DSECF) 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.
* 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 Capital Markets subindustry, Daiwa Securities Group'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.
Daiwa Securities Group PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Daiwa Securities Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Daiwa Securities Group'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.
Daiwa Securities Group (DSECF) has a PB Ratio of 1.20 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Daiwa Securities Group and its competitors. This is 50% above median its historical median of 0.80. Over the past decade, Daiwa Securities Group's PB Ratio has ranged from 0.47 to 1.33. According to the industry distribution chart, Daiwa Securities Group ranks #367 out of 778 companies in the Capital Markets industry, placing it in the top 47.2%.
Is Daiwa Securities Group's PB Ratio too high?
Daiwa Securities Group's current PB Ratio of 1.20 is 50% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.33. The Capital Markets industry median PB Ratio is 1.29. Daiwa Securities Group's value of 1.20 is 7% below this industry median. Based on the distribution chart, Daiwa Securities Group ranks #367 out of 778 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Daiwa Securities Group has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Securities Group's PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Daiwa Securities Group ranks #367 out of 778 companies for PB Ratio. This puts Daiwa Securities Group in the upper half of its industry. The industry median PB Ratio is 1.29. Daiwa Securities Group's value of 1.20 is 7% below this benchmark. Historically, Daiwa Securities Group's own PB Ratio has ranged from 0.47 to 1.33 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.29, Daiwa Securities Group 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 Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.29, based on 778 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. Daiwa Securities Group's current PB Ratio of 1.20 is 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 Daiwa Securities Group and its competitors. For the Capital Markets industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Securities Group's current PB Ratio is 1.20, which is 50% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Securities Group stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Securities Group (DSECF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.61, compared to a current price of $9.69 — trading 27.3% above its estimated fair value. The current PB Ratio is 1.20, which is 50% above median its 10-year median of 0.80 and 7% below the Capital Markets industry median of 1.29. Daiwa Securities Group's overall GF Score™ is 66/100 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 Daiwa Securities Group (DSECF), the current PB Ratio is 1.20 as of Jun. 27, 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 Daiwa Securities Group (DSECF) Overvalued in 2026?
Based on GuruFocus' analysis, Daiwa Securities Group stock appears to be overvalued.
The current stock price of $9.69 is trading 27.3% above its estimated GF Value™ of $7.61.
GuruFocus considers Daiwa Securities Group to be Modestly Overvalued.
Key valuation signals for DSECF:
PB Ratio: 1.20 (50% above median its 10-year median of 0.80)
GF Value™: $7.61 vs. price of $9.69 (27.3% above fair value)
Industry Position: 7% below the Capital Markets median (#367 of 778)
No single metric tells the full story. See the DSECF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiwa Securities Group Inc is a Japan-based financial services company. The company operates through four segments. The Asset Management Division manages investment trusts, funds, and corporations across assets, including private equity, real estate, renewable energy, and infrastructure, while also offering advisory services to institutional investors in Japan and overseas. The Global Markets & Investment Banking Division handles sales and trading of securities, foreign exchange, and derivatives, and provides underwriting and M&A advisory. The Wealth Management Division serves individuals and private corporate clients with diverse financial products. Others include subsidiary management, information services, administration, and real estate leasing.
66GF Score
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