Monex GroupMNXBF -8.30%64 PB Ratio is 1.24 as of Jul. 01, 2026, which is 5% below its 10-year median of 1.30. GuruFocus rates MNXBF with a GF Score™ of 64/100 and a GF Value™ of $5.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 782 Capital Markets companies, Monex Group ranks better than 54.48% 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 (2026-07-01), Monex Group's share price is $3.92. Monex Group's Book Value per Share for the quarter that ended in Mar. 2026 was $3.17. Hence, Monex Group's PB Ratio of today is 1.24.
Good Sign:
Monex Group Inc stock PB Ratio (=1.24) is close to 3-year low of 1.2.
The historical rank and industry rank for Monex Group's PB Ratio or its related term are showing as below:
MNXBF'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.3 Max: 3.35
Current: 1.24
During the past 13 years, Monex Group's highest PB Ratio was 3.35. The lowest was 0.51. And the median was 1.30.
MNXBF's PB Ratio is ranked better than 54.48% of 782
companies
in the Capital Markets industry
Industry Median: 1.34
vs MNXBF: 1.24
During the past 12 months, Monex Group's average Book Value Per Share Growth Rate was 2.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Monex Group was 13.70% per year. The lowest was -0.50% per year. And the median was 6.25% 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.
Monex Group PB Ratio Related Terms
Monex Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Monex Group'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 Capital Markets subindustry, Monex 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.
Monex Group PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Monex Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Monex 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.
Monex Group'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.
Monex Group (MNXBF) has a PB Ratio of 1.24 as of Jul. 01, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Monex Group and its competitors. This is near median its historical median of 1.30. Over the past decade, Monex Group's PB Ratio has ranged from 0.51 to 3.35. According to the industry distribution chart, Monex Group ranks #356 out of 782 companies in the Capital Markets industry, placing it in the top 45.5%.
Is Monex Group's PB Ratio too high?
Monex Group's current PB Ratio of 1.24 is near median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 3.35. The Capital Markets industry median PB Ratio is 1.34. Monex Group's value of 1.24 is 7.5% below this industry median. Based on the distribution chart, Monex Group ranks #356 out of 782 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Monex Group has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monex Group's PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Monex Group ranks #356 out of 782 companies for PB Ratio. This puts Monex Group in the upper half of its industry. The industry median PB Ratio is 1.34. Monex Group's value of 1.24 is 7.5% below this benchmark. Historically, Monex Group's own PB Ratio has ranged from 0.51 to 3.35 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 1.34, Monex 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 1.34, based on 782 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. Monex Group's current PB Ratio of 1.24 is 7.5% 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 Monex Group and its competitors. For the Capital Markets industry, the median PB Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monex Group's current PB Ratio is 1.24, which is near median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monex Group stock overvalued right now?
Based on GuruFocus' analysis, Monex Group (MNXBF) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.03, compared to a current price of $3.92 — trading 22.1% below its estimated fair value. The current PB Ratio is 1.24, which is near median its 10-year median of 1.30 and 7.5% below the Capital Markets industry median of 1.34. Monex Group's overall GF Score™ is 64/100 with 7 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 Monex Group (MNXBF), the current PB Ratio is 1.24 as of Jul. 01, 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 Monex Group (MNXBF) Overvalued in 2026?
Based on GuruFocus' analysis, Monex Group stock appears to be undervalued.
The current stock price of $3.92 is trading 22.1% below its estimated GF Value™ of $5.03.
GuruFocus considers Monex Group to be Modestly Undervalued.
Key valuation signals for MNXBF:
PB Ratio: 1.24 (near median its 10-year median of 1.30)
GF Value™: $5.03 vs. price of $3.92 (22.1% below fair value)
Industry Position: 7.5% below the Capital Markets median (#356 of 782)
No single metric tells the full story. See the MNXBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.
64GF Score
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