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West HoldingsTSE:1407 +1.30%77 PB Ratio is 2.51 as of Jul. 14, 2026, which is 4% above its 10-year median of 2.41. GuruFocus rates TSE:1407 with a GF Score™ of 77/100 and a GF Value™ of 円2,487.85 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, West Holdings ranks worse than 72.33% 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 (2026-07-14), West Holdings's share price is 円2179.00. West Holdings's Book Value per Share for the quarter that ended in Feb. 2026 was 円866.56. Hence, West Holdings's PB Ratio of today is 2.51.
The historical rank and industry rank for West Holdings's PB Ratio or its related term are showing as below:
TSE:1407'
s PB Ratio Range Over the Past 10 Years
Min: 1.17 Med: 2.41 Max: 10.76
Current: 2.51
During the past 13 years, West Holdings's highest PB Ratio was 10.76. The lowest was 1.17. And the median was 2.41.
During the past 12 months, West Holdings's average Book Value Per Share Growth Rate was 10.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of West Holdings was 53.30% per year. The lowest was 2.30% per year. And the median was 15.10% 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.
West Holdings PB Ratio Related Terms
West Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for West Holdings'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 Utilities - Renewable subindustry, West Holdings'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.
West Holdings PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, West Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where West Holdings'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.
West Holdings'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.
West Holdings (TSE:1407) has a PB Ratio of 2.51 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on West Holdings and its competitors. This is near median its historical median of 2.41. Over the past decade, West Holdings' PB Ratio has ranged from 1.17 to 10.76. According to the industry distribution chart, West Holdings ranks #311 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 72.3%.
Is West Holdings' PB Ratio too high?
West Holdings' current PB Ratio of 2.51 is near median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 10.76. The Utilities - Independent Power Producers industry median PB Ratio is 1.29. West Holdings' value of 2.51 is 95.3% above this industry median. Based on the distribution chart, West Holdings ranks #311 out of 430 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, West Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West Holdings' PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, West Holdings ranks #311 out of 430 companies for PB Ratio. This places West Holdings in the lower half of its industry. The industry median PB Ratio is 1.29. West Holdings' value of 2.51 is 95.3% above this benchmark. Historically, West Holdings' own PB Ratio has ranged from 1.17 to 10.76 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 1.29, West Holdings 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 an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.29, based on 430 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. West Holdings's current PB Ratio of 2.51 is 95.3% 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 West Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Holdings's current PB Ratio is 2.51, which is near median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Holdings stock overvalued right now?
Based on GuruFocus' analysis, West Holdings (TSE:1407) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,487.85, compared to a current price of 円2,179.00 — trading 12.4% below its estimated fair value. The current PB Ratio is 2.51, which is near median its 10-year median of 2.41 and 95.3% above the Utilities - Independent Power Producers industry median of 1.29. West Holdings' overall GF Score™ is 77/100 with 5 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 West Holdings (TSE:1407), the current PB Ratio is 2.51 as of Jul. 14, 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 West Holdings (TSE:1407) Overvalued in 2026?
Based on GuruFocus' analysis, West Holdings stock appears to be undervalued.
The current stock price of 円2,179.00 is trading 12.4% below its estimated GF Value™ of 円2,487.85.
GuruFocus considers West Holdings to be Modestly Undervalued.
Key valuation signals for TSE:1407:
PB Ratio: 2.51 (near median its 10-year median of 2.41)
GF Value™: 円2,487.85 vs. price of 円2,179.00 (12.4% below fair value)
Industry Position: 95.3% above the Utilities - Independent Power Producers median (#311 of 430)
No single metric tells the full story. See the TSE:1407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.
77GF Score
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