GWNCF (Goldwin) PB Ratio: 2.53 (As of Jul. 17, 2026) — 52% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

GWNCF Goldwin Inc GWNCF
75 GF Score
Price $15.08
GF Value $19.40
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Goldwin PB Ratio?

Goldwin GWNCF 75 PB Ratio is 2.53 as of Jul. 17, 2026, which is 52% below its 10-year median of 5.22. GuruFocus rates GWNCF with a GF Score™ of 75/100 and a GF Value™ of $19.40 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 999 Manufacturing - Apparel & Accessories companies, Goldwin ranks worse than 78.18% 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 (2026-07-17), Goldwin's share price is $15.08. Goldwin's Book Value per Share for the quarter that ended in Mar. 2026 was $5.96. Hence, Goldwin's PB Ratio of today is 2.53.

Good Sign:

Goldwin Inc stock PB Ratio (=2.37) is close to 5-year low of 2.21.

The historical rank and industry rank for Goldwin's PB Ratio or its related term are showing as below:

GWNCF' s PB Ratio Range Over the Past 10 Years
Min: 1.95   Med: 5.22   Max: 10.68
Current: 2.37

During the past 13 years, Goldwin's highest PB Ratio was 10.68. The lowest was 1.95. And the median was 5.22.

GWNCF's PB Ratio is ranked worse than
78.18% of 999 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.08 vs GWNCF: 2.37

During the past 12 months, Goldwin's average Book Value Per Share Growth Rate was 14.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 17.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 20.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 17.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Goldwin was 24.10% per year. The lowest was -18.70% per year. And the median was 13.90% per year.

Back to Basics: PB Ratio


Goldwin  (OTCPK:GWNCF) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Goldwin PB Ratio Related Terms


Goldwin PB Ratio Historical Data

* Premium members only.

The historical data trend for Goldwin'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.

Goldwin PB Ratio Chart

Goldwin Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Goldwin Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

GWNCF vs RL, LEVI, VFC: PB Ratio Comparison

For the Apparel Manufacturing subindustry, Goldwin'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.


Goldwin PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Goldwin's PB Ratio distribution charts can be found below:

* The bar in red indicates where Goldwin's PB Ratio falls into.


GWNCF
75GF Score
Goldwin Inc GWNCF
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goldwin PB Ratio Calculation

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.

Goldwin's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=15.08/5.963
=2.53

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.53 mean?
Goldwin (GWNCF) has a PB Ratio of 2.53 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Goldwin and its competitors. This is 52% below median its historical median of 5.22. Over the past decade, Goldwin's PB Ratio has ranged from 1.95 to 10.68. According to the industry distribution chart, Goldwin ranks #781 out of 999 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 78.2%.
Is Goldwin's PB Ratio too high?
Goldwin's current PB Ratio of 2.53 is 52% below median its 10-year median of 5.22. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 10.68. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.08. Goldwin's value of 2.53 is 134.3% above this industry median. Based on the distribution chart, Goldwin ranks #781 out of 999 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Goldwin has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goldwin's PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Goldwin ranks #781 out of 999 companies for PB Ratio. This places Goldwin in the lower half of its industry. The industry median PB Ratio is 1.08. Goldwin's value of 2.53 is 134.3% above this benchmark. Historically, Goldwin's own PB Ratio has ranged from 1.95 to 10.68 over the past decade. While the company's 10-year median is 5.22 vs. the industry median of 1.08, Goldwin 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.08, based on 999 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. Goldwin's current PB Ratio of 2.53 is 134.3% 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 Goldwin and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldwin's current PB Ratio is 2.53, which is 52% below median its own 10-year median of 5.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldwin stock overvalued right now?
Based on GuruFocus' analysis, Goldwin (GWNCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $19.40, compared to a current price of $15.08 — trading 22.3% below its estimated fair value. The current PB Ratio is 2.53, which is 52% below median its 10-year median of 5.22 and 134.3% above the Manufacturing - Apparel & Accessories industry median of 1.08. Goldwin's overall GF Score™ is 75/100 with 1 warning sign 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 Goldwin (GWNCF), the current PB Ratio is 2.53 as of Jul. 17, 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 Goldwin (GWNCF) Overvalued in 2026?

Based on GuruFocus' analysis, Goldwin stock appears to be undervalued. The current stock price of $15.08 is trading 22.3% below its estimated GF Value™ of $19.40. GuruFocus considers Goldwin to be Modestly Undervalued.

Key valuation signals for GWNCF:

  • PB Ratio: 2.53 (52% below median its 10-year median of 5.22)
  • GF Value™: $19.40 vs. price of $15.08 (22.3% below fair value)
  • GF Score™: 75/100 with 1 warning sign
  • Industry Position: 134.3% above the Manufacturing - Apparel & Accessories median (#781 of 999)

No single metric tells the full story. See the GWNCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Goldwin Business Description

Other Exchanges 8111:Japan
Address 210 Kiyosawa, Toyama Prefecture, Oyabe, JPN, 932-0193
Goldwin Inc is involved in the business of manufacturing and selling sports products in Japan. It sells brands such as Goldwin, C3fit, Mxp, Speedo, Ellesse, Danskin, Canterbury, Black and white sport, the North Face, Helly Hansen, Macpac, Alite, Icebreaker, and Fischer.
75GF Score

Get the complete analysis for GWNCF

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.08
Price
$19.40
GF Value