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.
Keihan Holdings CoKHNRF -0.72%72 PB Ratio is 0.97 as of Jul. 17, 2026, which is 39% below its 10-year median of 1.60. GuruFocus rates KHNRF with a GF Score™ of 72/100 and a GF Value™ of $25.44. The stock has 3 warning signs investors should review. Among 549 Conglomerates companies, Keihan Holdings Co ranks better than 53.01% on this metric.
Keihan Holdings Co Ltd stock PB Ratio (=0.97) is close to 10-year low of 0.96.
The historical rank and industry rank for Keihan Holdings Co's PB Ratio or its related term are showing as below:
KHNRF'
s PB Ratio Range Over the Past 10 Years
Min: 0.96 Med: 1.6 Max: 2.35
Current: 0.97
During the past 13 years, Keihan Holdings Co's highest PB Ratio was 2.35. The lowest was 0.96. And the median was 1.60.
KHNRF's PB Ratio is ranked better than 53.01% of 549
companies
in the Conglomerates industry
Industry Median: 1.05
vs KHNRF: 0.97
During the past 12 months, Keihan Holdings Co's average Book Value Per Share Growth Rate was 9.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Keihan Holdings Co was 9.80% per year. The lowest was -1.50% per year. And the median was 6.40% per year.
Back to Basics: PB Ratio
Keihan Holdings Co (OTCPK:KHNRF) 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.
Keihan Holdings Co PB Ratio Related Terms
Keihan Holdings Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Keihan Holdings 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 Conglomerates subindustry, Keihan Holdings 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.
Keihan Holdings Co PB Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Keihan Holdings Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Keihan Holdings 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.
* 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.
Keihan Holdings Co (KHNRF) has a PB Ratio of 0.97 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 Keihan Holdings Co and its competitors. This is 39% below median its historical median of 1.60. Over the past decade, Keihan Holdings Co's PB Ratio has ranged from 0.96 to 2.35. According to the industry distribution chart, Keihan Holdings Co ranks #258 out of 549 companies in the Conglomerates industry, placing it in the top 47%.
Is Keihan Holdings Co's PB Ratio too high?
Keihan Holdings Co's current PB Ratio of 0.97 is 39% below median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 2.35. The Conglomerates industry median PB Ratio is 1.05. Keihan Holdings Co's value of 0.97 is 7.6% below this industry median. Based on the distribution chart, Keihan Holdings Co ranks #258 out of 549 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Keihan Holdings Co has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Keihan Holdings Co's PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Keihan Holdings Co ranks #258 out of 549 companies for PB Ratio. This puts Keihan Holdings Co in the upper half of its industry. The industry median PB Ratio is 1.05. Keihan Holdings Co's value of 0.97 is 7.6% below this benchmark. Historically, Keihan Holdings Co's own PB Ratio has ranged from 0.96 to 2.35 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 1.05, Keihan Holdings 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 Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.05, based on 549 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. Keihan Holdings Co's current PB Ratio of 0.97 is 7.6% 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 Keihan Holdings Co and its competitors. For the Conglomerates industry, the median PB Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keihan Holdings Co's current PB Ratio is 0.97, which is 39% below median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keihan Holdings Co stock overvalued right now?
Keihan Holdings Co (KHNRF) has a current PB Ratio of 0.97. The stock's GF Value™ is $25.44, compared to a current price of $20.75 — trading 18.4% below its estimated fair value. The current PB Ratio is 0.97, which is 39% below median its 10-year median of 1.60 and 7.6% below the Conglomerates industry median of 1.05. Keihan Holdings Co's overall GF Score™ is 72/100 with 3 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 Keihan Holdings Co (KHNRF), the current PB Ratio is 0.97 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 Keihan Holdings Co (KHNRF) Overvalued in 2026?
Based on GuruFocus' analysis, Keihan Holdings Co stock appears to be undervalued.
The current stock price of $20.75 is trading 18.4% below its estimated GF Value™ of $25.44.
Key valuation signals for KHNRF:
PB Ratio: 0.97 (39% below median its 10-year median of 1.60)
GF Value™: $25.44 vs. price of $20.75 (18.4% below fair value)
Industry Position: 7.6% below the Conglomerates median (#258 of 549)
No single metric tells the full story. See the KHNRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keihan Holdings Co Ltd is a Japanese conglomerate engaged in transportation, real estate, distribution, leisure, and other related businesses. The company operates through four segments. The Distribution segment manages department stores, shops, and malls. The Leisure and Service Industry segment covers hotels and sightseeing boats. The Real Estate segment handles sales, leasing, building materials, and design, and the Transportation segment operates railways and buses. Other Businesses include the operation of GOOD NATURE STATION, a commercial complex focused on sustainable experiences. It generates the majority of its revenue from the Real estate business segment.
72GF Score
Get the complete analysis for KHNRF
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
KHNRF has been successfully added to your 
