Hamamatsu Photonics KKHPHTF 89 PB Ratio is 2.27 as of Jun. 25, 2026, which is 29% below its 10-year median of 3.21. GuruFocus rates HPHTF with a GF Score™ of 89/100 and a GF Value™ of $13.00 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 2,413 Hardware companies, Hamamatsu Photonics KK ranks better than 50.1% on this metric.
Hamamatsu Photonics KK stock PB Ratio (=2.41) is close to 2-year high of 2.64.
The historical rank and industry rank for Hamamatsu Photonics KK's PB Ratio or its related term are showing as below:
HPHTF'
s PB Ratio Range Over the Past 10 Years
Min: 1.11 Med: 3.21 Max: 5
Current: 2.41
During the past 13 years, Hamamatsu Photonics KK's highest PB Ratio was 5.00. The lowest was 1.11. And the median was 3.21.
HPHTF's PB Ratio is ranked better than 50.1% of 2413
companies
in the Hardware industry
Industry Median: 2.42
vs HPHTF: 2.41
During the past 12 months, Hamamatsu Photonics KK's average Book Value Per Share Growth Rate was 3.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hamamatsu Photonics KK was 26.90% per year. The lowest was 3.00% per year. And the median was 6.90% per year.
Back to Basics: PB Ratio
Hamamatsu Photonics KK (OTCPK:HPHTF) 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 Electronic Components subindustry, Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Hamamatsu Photonics KK's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK (HPHTF) has a PB Ratio of 2.27 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hamamatsu Photonics KK and its competitors. This is 29% below median its historical median of 3.21. Over the past decade, Hamamatsu Photonics KK's PB Ratio has ranged from 1.11 to 5.00. According to the industry distribution chart, Hamamatsu Photonics KK ranks #1204 out of 2413 companies in the Hardware industry, placing it in the top 49.9%.
Is Hamamatsu Photonics KK's PB Ratio too high?
Hamamatsu Photonics KK's current PB Ratio of 2.27 is 29% below median its 10-year median of 3.21. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 5.00. The Hardware industry median PB Ratio is 2.42. Hamamatsu Photonics KK's value of 2.27 is 6.2% below this industry median. Based on the distribution chart, Hamamatsu Photonics KK ranks #1204 out of 2413 companies in the Hardware industry, which is above the industry midpoint. Overall, Hamamatsu Photonics KK has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hamamatsu Photonics KK's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Hamamatsu Photonics KK ranks #1204 out of 2413 companies for PB Ratio. This puts Hamamatsu Photonics KK in the upper half of its industry. The industry median PB Ratio is 2.42. Hamamatsu Photonics KK's value of 2.27 is 6.2% below this benchmark. Historically, Hamamatsu Photonics KK's own PB Ratio has ranged from 1.11 to 5.00 over the past decade. While the company's 10-year median is 3.21 vs. the industry median of 2.42, Hamamatsu Photonics KK 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 Hardware company?
The median PB Ratio among Hardware companies is 2.42, based on 2,413 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. Hamamatsu Photonics KK's current PB Ratio of 2.27 is 6.2% 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 Hamamatsu Photonics KK and its competitors. For the Hardware industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamamatsu Photonics KK's current PB Ratio is 2.27, which is 29% below median its own 10-year median of 3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamamatsu Photonics KK stock overvalued right now?
Based on GuruFocus' analysis, Hamamatsu Photonics KK (HPHTF) is currently considered Modestly Overvalued. The stock's GF Value™ is $13.00, compared to a current price of $15.80 — trading 21.5% above its estimated fair value. The current PB Ratio is 2.27, which is 29% below median its 10-year median of 3.21 and 6.2% below the Hardware industry median of 2.42. Hamamatsu Photonics KK's overall GF Score™ is 89/100 with 9 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 Hamamatsu Photonics KK (HPHTF), the current PB Ratio is 2.27 as of Jun. 25, 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 Hamamatsu Photonics KK (HPHTF) Overvalued in 2026?
Based on GuruFocus' analysis, Hamamatsu Photonics KK stock appears to be overvalued.
The current stock price of $15.80 is trading 21.5% above its estimated GF Value™ of $13.00.
GuruFocus considers Hamamatsu Photonics KK to be Modestly Overvalued.
Key valuation signals for HPHTF:
PB Ratio: 2.27 (29% below median its 10-year median of 3.21)
GF Value™: $13.00 vs. price of $15.80 (21.5% above fair value)
Industry Position: 6.2% below the Hardware median (#1204 of 2413)
No single metric tells the full story. See the HPHTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hamamatsu Photonics KK is a Japan-based company engaged in the development, manufacture, and sale of optical and electronic devices. The company operates through four reportable segments: Electron Tube, Optical Semiconductor, Imaging and Measuring Instruments, and Laser Businesses. Its products include photomultiplier tubes, optical semiconductor components, imaging and measuring instruments, and laser-related products.
89GF Score
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