Thinca Co (TSE:149A) PB Ratio: 2.42 (As of Jul. 13, 2026) — Near Median


TSE:149A Thinca Co Ltd TSE:149A
18 GF Score
Price 円759.00
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What is Thinca Co PB Ratio?

Thinca Co TSE:149A +3.13% 18 PB Ratio is 2.42 as of Jul. 13, 2026, which is 8% below its 10-year median of 2.64. GuruFocus rates TSE:149A with a GF Score™ of 18/100. Among 2,631 Software companies, Thinca Co ranks worse than 50.25% 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 (2026-07-13), Thinca Co's share price is 円759.00. Thinca Co's Book Value per Share for the quarter that ended in Dec. 2025 was 円313.67. Hence, Thinca Co's PB Ratio of today is 2.42.

The historical rank and industry rank for Thinca Co's PB Ratio or its related term are showing as below:

TSE:149A' s PB Ratio Range Over the Past 10 Years
Min: 2.1   Med: 2.64   Max: 10.85
Current: 2.42

During the past 5 years, Thinca Co's highest PB Ratio was 10.85. The lowest was 2.10. And the median was 2.64.

TSE:149A's PB Ratio is ranked worse than
50.25% of 2631 companies
in the Software industry
Industry Median: 2.41 vs TSE:149A: 2.42

During the past 12 months, Thinca Co's average Book Value Per Share Growth Rate was 5.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 53.90% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Thinca Co was 53.90% per year. The lowest was 32.60% per year. And the median was 43.25% per year.

Back to Basics: PB Ratio


Thinca Co  (TSE:149A) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Thinca Co PB Ratio Related Terms


Thinca Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Thinca 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.

Thinca Co PB Ratio Chart

Thinca Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
0.00 0.00 0.00 2.62 2.34

Thinca Co Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.51 3.50 2.75 2.34 3.20

TSE:149A vs UBER, SHOP, CRM: PB Ratio Comparison

For the Software - Application subindustry, Thinca 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.


Thinca Co PB Ratio vs Software Industry

For the Software industry and Technology sector, Thinca Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Thinca Co's PB Ratio falls into.


TSE:149A
18GF Score
Thinca Co Ltd TSE:149A
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinca Co PB Ratio Calculation

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.

Thinca Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=759.00/313.671
=2.42

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.42 mean?
Thinca Co (TSE:149A) has a PB Ratio of 2.42 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thinca Co and its competitors. This is near median its historical median of 2.64. Over the past decade, Thinca Co's PB Ratio has ranged from 2.10 to 10.85. According to the industry distribution chart, Thinca Co ranks #1322 out of 2631 companies in the Software industry, placing it in the top 50.2%.
Is Thinca Co's PB Ratio too high?
Thinca Co's current PB Ratio of 2.42 is near median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 10.85. The Software industry median PB Ratio is 2.41. Thinca Co's value of 2.42 is 0.4% above this industry median. Based on the distribution chart, Thinca Co ranks #1322 out of 2631 companies in the Software industry, which is below the industry midpoint. Overall, Thinca Co has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Thinca Co's PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Thinca Co ranks #1322 out of 2631 companies for PB Ratio. This places Thinca Co in the lower half of its industry. The industry median PB Ratio is 2.41. Thinca Co's value of 2.42 is 0.4% above this benchmark. Historically, Thinca Co's own PB Ratio has ranged from 2.10 to 10.85 over the past decade. While the company's 10-year median is 2.64 vs. the industry median of 2.41, Thinca Co 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 Software company?
The median PB Ratio among Software companies is 2.41, based on 2,631 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. Thinca Co's current PB Ratio of 2.42 is 0.4% 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 Thinca Co and its competitors. For the Software industry, the median PB Ratio is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinca Co's current PB Ratio is 2.42, which is near median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinca Co stock overvalued right now?
Thinca Co (TSE:149A) has a current PB Ratio of 2.42. The current PB Ratio is 2.42, which is near median its 10-year median of 2.64 and 0.4% above the Software industry median of 2.41. Thinca Co's overall GF Score™ is 18/100. 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 Thinca Co (TSE:149A), the current PB Ratio is 2.42 as of Jul. 13, 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.

Thinca Co Business Description

Address 3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054
Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.
18GF Score

Get the complete analysis for TSE:149A

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円759.00
Price