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.
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.
Hokkaido Gas CoFRA:H8T +0.37%74 PB Ratio is 0.68 as of Jul. 18, 2026, which is 17% above its 10-year median of 0.58. GuruFocus rates FRA:H8T with a GF Score™ of 74/100 and a GF Value™ of €3.02. The stock has 2 warning signs investors should review. Among 501 Utilities - Regulated companies, Hokkaido Gas Co ranks better than 79.24% 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 (2026-07-18), Hokkaido Gas Co's share price is €4.10. Hokkaido Gas Co's Book Value per Share for the quarter that ended in Mar. 2026 was €6.02. Hence, Hokkaido Gas Co's PB Ratio of today is 0.68.
The historical rank and industry rank for Hokkaido Gas Co's PB Ratio or its related term are showing as below:
FRA:H8T'
s PB Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.58 Max: 0.88
Current: 0.69
During the past 13 years, Hokkaido Gas Co's highest PB Ratio was 0.88. The lowest was 0.45. And the median was 0.58.
FRA:H8T's PB Ratio is ranked better than 79.24% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.44
vs FRA:H8T: 0.69
During the past 12 months, Hokkaido Gas Co's average Book Value Per Share Growth Rate was 12.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hokkaido Gas Co was 14.70% per year. The lowest was -0.50% per year. And the median was 4.30% 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.
Hokkaido Gas Co PB Ratio Related Terms
Hokkaido Gas Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Hokkaido Gas 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 Utilities - Regulated Gas subindustry, Hokkaido Gas 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.
Hokkaido Gas Co PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hokkaido Gas 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.
Hokkaido Gas 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.
Hokkaido Gas Co (FRA:H8T) has a PB Ratio of 0.68 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 Hokkaido Gas Co and its competitors. This is 17% above median its historical median of 0.58. Over the past decade, Hokkaido Gas Co's PB Ratio has ranged from 0.45 to 0.88. According to the industry distribution chart, Hokkaido Gas Co ranks #104 out of 501 companies in the Utilities - Regulated industry, placing it in the top 20.8%.
Is Hokkaido Gas Co's PB Ratio too high?
Hokkaido Gas Co's current PB Ratio of 0.68 is 17% above median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 0.88. The Utilities - Regulated industry median PB Ratio is 1.44. Hokkaido Gas Co's value of 0.68 is 52.8% below this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #104 out of 501 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokkaido Gas Co has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #104 out of 501 companies for PB Ratio. This places Hokkaido Gas Co in the top 21% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.44. Hokkaido Gas Co's value of 0.68 is 52.8% below this benchmark. Historically, Hokkaido Gas Co's own PB Ratio has ranged from 0.45 to 0.88 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 1.44, Hokkaido Gas 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 an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.44, based on 501 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. Hokkaido Gas Co's current PB Ratio of 0.68 is 52.8% 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 Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current PB Ratio is 0.68, which is 17% above median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Hokkaido Gas Co (FRA:H8T) has a current PB Ratio of 0.68. The stock's GF Value™ is €3.02, compared to a current price of €4.10 — trading 35.8% above its estimated fair value. The current PB Ratio is 0.68, which is 17% above median its 10-year median of 0.58 and 52.8% below the Utilities - Regulated industry median of 1.44. Hokkaido Gas Co's overall GF Score™ is 74/100 with 2 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 Hokkaido Gas Co (FRA:H8T), the current PB Ratio is 0.68 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 Hokkaido Gas Co (FRA:H8T) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued.
The current stock price of €4.10 is trading 35.8% above its estimated GF Value™ of €3.02.
Key valuation signals for FRA:H8T:
PB Ratio: 0.68 (17% above median its 10-year median of 0.58)
GF Value™: €3.02 vs. price of €4.10 (35.8% above fair value)
Industry Position: 52.8% below the Utilities - Regulated median (#104 of 501)
No single metric tells the full story. See the FRA:H8T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
74GF Score
Get the complete analysis for FRA:H8T
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:H8T has been successfully added to your 
