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Meiko Construction CoNGO:1869 -0.42%66 PB Ratio is 0.56 as of Jul. 17, 2026, which is 6% above its 10-year median of 0.53. GuruFocus rates NGO:1869 with a GF Score™ of 66/100 and a GF Value™ of 円1,414.40 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 94 Homebuilding & Construction companies, Meiko Construction Co ranks better than 78.72% on this metric.
The historical rank and industry rank for Meiko Construction Co's PB Ratio or its related term are showing as below:
NGO:1869'
s PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 0.53 Max: 0.8
Current: 0.56
During the past 13 years, Meiko Construction Co's highest PB Ratio was 0.80. The lowest was 0.40. And the median was 0.53.
NGO:1869's PB Ratio is ranked better than 78.72% of 94
companies
in the Homebuilding & Construction industry
Industry Median: 1.015
vs NGO:1869: 0.56
During the past 12 months, Meiko Construction Co's average Book Value Per Share Growth Rate was 16.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Meiko Construction Co was 15.70% per year. The lowest was 6.20% per year. And the median was 8.70% per year.
Back to Basics: PB Ratio
Meiko Construction Co (NGO:1869) 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 Residential Construction subindustry, Meiko Construction 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.
Meiko Construction Co PB Ratio vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Meiko Construction Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Meiko Construction 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.
Meiko Construction Co (NGO:1869) has a PB Ratio of 0.56 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 Meiko Construction Co and its competitors. This is near median its historical median of 0.53. Over the past decade, Meiko Construction Co's PB Ratio has ranged from 0.40 to 0.80. According to the industry distribution chart, Meiko Construction Co ranks #20 out of 94 companies in the Homebuilding & Construction industry, placing it in the top 21.3%.
Is Meiko Construction Co's PB Ratio too high?
Meiko Construction Co's current PB Ratio of 0.56 is near median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.80. The Homebuilding & Construction industry median PB Ratio is 1.02. Meiko Construction Co's value of 0.56 is 44.8% below this industry median. Based on the distribution chart, Meiko Construction Co ranks #20 out of 94 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Meiko Construction Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiko Construction Co's PB Ratio compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Meiko Construction Co ranks #20 out of 94 companies for PB Ratio. This places Meiko Construction Co in the top 21% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.02. Meiko Construction Co's value of 0.56 is 44.8% below this benchmark. Historically, Meiko Construction Co's own PB Ratio has ranged from 0.40 to 0.80 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.02, Meiko Construction 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 Homebuilding & Construction company?
The median PB Ratio among Homebuilding & Construction companies is 1.02, based on 94 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. Meiko Construction Co's current PB Ratio of 0.56 is 44.8% 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 Meiko Construction Co and its competitors. For the Homebuilding & Construction industry, the median PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiko Construction Co's current PB Ratio is 0.56, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiko Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Meiko Construction Co (NGO:1869) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,414.40, compared to a current price of 円1,898.00 — trading 34.2% above its estimated fair value. The current PB Ratio is 0.56, which is near median its 10-year median of 0.53 and 44.8% below the Homebuilding & Construction industry median of 1.02. Meiko Construction Co's overall GF Score™ is 66/100 with 4 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 Meiko Construction Co (NGO:1869), the current PB Ratio is 0.56 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 Meiko Construction Co (NGO:1869) Overvalued in 2026?
Based on GuruFocus' analysis, Meiko Construction Co stock appears to be overvalued.
The current stock price of 円1,898.00 is trading 34.2% above its estimated GF Value™ of 円1,414.40.
GuruFocus considers Meiko Construction Co to be Significantly Overvalued.
Key valuation signals for NGO:1869:
PB Ratio: 0.56 (near median its 10-year median of 0.53)
GF Value™: 円1,414.40 vs. price of 円1,898.00 (34.2% above fair value)
Industry Position: 44.8% below the Homebuilding & Construction median (#20 of 94)
No single metric tells the full story. See the NGO:1869 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiko Construction Co Ltd is engaged in the construction industry. The company undertakes contract for civil works, construction work, track construction and construction work of the facility construction, supervision, planning, design, surveying and consulting. The company is also involved in the buying and selling of houses and real estate, lease, and brokerage. Construction materials on rental, warehousing, and management of education and cultural facilities are additional activities done by the company.
66GF Score
Get the complete analysis for NGO:1869
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