Tokyo ElectronTOELF +4.42%85 PB Ratio is 16.15 as of Jun. 26, 2026, which is 209% above its 10-year median of 5.22. GuruFocus rates TOELF with a GF Score™ of 85/100 and a GF Value™ of $212.01 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,000 Semiconductors companies, Tokyo Electron ranks worse than 89.5% 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 (2026-06-26), Tokyo Electron's share price is $463.1855. Tokyo Electron's Book Value per Share for the quarter that ended in Mar. 2026 was $28.68. Hence, Tokyo Electron's PB Ratio of today is 16.15.
Warning Sign:
Tokyo Electron Ltd stock PB Ratio (=15.36) is close to 10-year high of 16.56.
The historical rank and industry rank for Tokyo Electron's PB Ratio or its related term are showing as below:
TOELF'
s PB Ratio Range Over the Past 10 Years
Min: 2.37 Med: 5.22 Max: 16.56
Current: 16.04
During the past 13 years, Tokyo Electron's highest PB Ratio was 16.56. The lowest was 2.37. And the median was 5.22.
TOELF's PB Ratio is ranked worse than 89.5% of 1000
companies
in the Semiconductors industry
Industry Median: 3.82
vs TOELF: 16.04
During the past 12 months, Tokyo Electron's average Book Value Per Share Growth Rate was 12.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tokyo Electron was 24.30% per year. The lowest was -5.90% per year. And the median was 8.50% 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.
Tokyo Electron PB Ratio Related Terms
Tokyo Electron PB Ratio Historical Data
* Premium members only.
The historical data trend for Tokyo Electron'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 Semiconductor Equipment & Materials subindustry, Tokyo Electron'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.
Tokyo Electron PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tokyo Electron's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tokyo Electron'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.
Tokyo Electron'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.
Tokyo Electron (TOELF) has a PB Ratio of 16.15 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tokyo Electron and its competitors. This is 209% above median its historical median of 5.22. Over the past decade, Tokyo Electron's PB Ratio has ranged from 2.37 to 16.56. According to the industry distribution chart, Tokyo Electron ranks #895 out of 1000 companies in the Semiconductors industry, placing it in the top 89.5%.
Is Tokyo Electron's PB Ratio too high?
Tokyo Electron's current PB Ratio of 16.15 is 209% above median its 10-year median of 5.22. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 16.56. The Semiconductors industry median PB Ratio is 3.82. Tokyo Electron's value of 16.15 is 322.8% above this industry median. Based on the distribution chart, Tokyo Electron ranks #895 out of 1000 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Tokyo Electron has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron's PB Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Tokyo Electron ranks #895 out of 1000 companies for PB Ratio. This places Tokyo Electron in the lower half of its industry. The industry median PB Ratio is 3.82. Tokyo Electron's value of 16.15 is 322.8% above this benchmark. Historically, Tokyo Electron's own PB Ratio has ranged from 2.37 to 16.56 over the past decade. While the company's 10-year median is 5.22 vs. the industry median of 3.82, Tokyo Electron 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.82, based on 1,000 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. Tokyo Electron's current PB Ratio of 16.15 is 322.8% 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 Tokyo Electron and its competitors. For the Semiconductors industry, the median PB Ratio is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Electron's current PB Ratio is 16.15, which is 209% above 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 Tokyo Electron stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron (TOELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $212.01, compared to a current price of $463.19 — trading 118.5% above its estimated fair value. The current PB Ratio is 16.15, which is 209% above median its 10-year median of 5.22 and 322.8% above the Semiconductors industry median of 3.82. Tokyo Electron's overall GF Score™ is 85/100 with 8 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 Tokyo Electron (TOELF), the current PB Ratio is 16.15 as of Jun. 26, 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 Tokyo Electron (TOELF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued.
The current stock price of $463.19 is trading 118.5% above its estimated GF Value™ of $212.01.
GuruFocus considers Tokyo Electron to be Significantly Overvalued.
Key valuation signals for TOELF:
PB Ratio: 16.15 (209% above median its 10-year median of 5.22)
GF Value™: $212.01 vs. price of $463.19 (118.5% above fair value)
Industry Position: 322.8% above the Semiconductors median (#895 of 1000)
No single metric tells the full story. See the TOELF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.
85GF Score
Get the complete analysis for TOELF
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