Pasona Group (TSE:2168) PB Ratio: 0.45 (As of Jul. 14, 2026) — 74% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2168 Pasona Group Inc TSE:2168
50 GF Score
Price 円1,546.00
GF Value 円2,032.72
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Pasona Group PB Ratio?

Pasona Group TSE:2168 +0.91% 50 PB Ratio is 0.45 as of Jul. 14, 2026, which is 74% below its 10-year median of 1.70. GuruFocus rates TSE:2168 with a GF Score™ of 50/100 and a GF Value™ of 円2,032.72 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,048 Business Services companies, Pasona Group ranks better than 91.41% 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), Pasona Group's share price is 円1546.00. Pasona Group's Book Value per Share for the quarter that ended in Nov. 2025 was 円3,420.62. Hence, Pasona Group's PB Ratio of today is 0.45.

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

TSE:2168' s PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.7   Max: 4.61
Current: 0.45

During the past 13 years, Pasona Group's highest PB Ratio was 4.61. The lowest was 0.40. And the median was 1.70.

TSE:2168's PB Ratio is ranked better than
91.41% of 1048 companies
in the Business Services industry
Industry Median: 1.66 vs TSE:2168: 0.45

During the past 12 months, Pasona Group's average Book Value Per Share Growth Rate was -4.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 40.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 38.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 21.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pasona Group was 57.20% per year. The lowest was -3.20% per year. And the median was 1.90% per year.

Back to Basics: PB Ratio


Pasona Group  (TSE:2168) 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.


Pasona Group PB Ratio Related Terms


Pasona Group PB Ratio Historical Data

* Premium members only.

The historical data trend for Pasona 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.

Pasona Group PB Ratio Chart

Pasona Group Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.95 1.64 1.26 0.58 0.65

Pasona Group Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 0.65 0.61 0.55 0.60

TSE:2168 vs KFY, RHI, TNET: PB Ratio Comparison

For the Staffing & Employment Services subindustry, Pasona 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.


Pasona Group PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Pasona Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Pasona Group's PB Ratio falls into.


TSE:2168
50GF Score
Pasona Group Inc TSE:2168
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pasona Group 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.

Pasona Group's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Nov. 2025)
=1546.00/3420.62
=0.45

* 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 0.45 mean?
Pasona Group (TSE:2168) has a PB Ratio of 0.45 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 Pasona Group and its competitors. This is 74% below median its historical median of 1.70. Over the past decade, Pasona Group's PB Ratio has ranged from 0.40 to 4.61. According to the industry distribution chart, Pasona Group ranks #90 out of 1048 companies in the Business Services industry, placing it in the top 8.6%.
Is Pasona Group's PB Ratio too high?
Pasona Group's current PB Ratio of 0.45 is 74% below median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 4.61. The Business Services industry median PB Ratio is 1.66. Pasona Group's value of 0.45 is 72.9% below this industry median. Based on the distribution chart, Pasona Group ranks #90 out of 1048 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Pasona Group has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pasona Group's PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Pasona Group ranks #90 out of 1048 companies for PB Ratio. This places Pasona Group in the top 9% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.66. Pasona Group's value of 0.45 is 72.9% below this benchmark. Historically, Pasona Group's own PB Ratio has ranged from 0.40 to 4.61 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.66, Pasona 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 Business Services company?
The median PB Ratio among Business Services companies is 1.66, based on 1,048 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. Pasona Group's current PB Ratio of 0.45 is 72.9% 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 Pasona Group and its competitors. For the Business Services industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pasona Group's current PB Ratio is 0.45, which is 74% below median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pasona Group stock overvalued right now?
Based on GuruFocus' analysis, Pasona Group (TSE:2168) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,032.72, compared to a current price of 円1,546.00 — trading 23.9% below its estimated fair value. The current PB Ratio is 0.45, which is 74% below median its 10-year median of 1.70 and 72.9% below the Business Services industry median of 1.66. Pasona Group's overall GF Score™ is 50/100 with 3 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 Pasona Group (TSE:2168), the current PB Ratio is 0.45 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 Pasona Group (TSE:2168) Overvalued in 2026?

Based on GuruFocus' analysis, Pasona Group stock appears to be undervalued. The current stock price of 円1,546.00 is trading 23.9% below its estimated GF Value™ of 円2,032.72. GuruFocus considers Pasona Group to be Modestly Undervalued.

Key valuation signals for TSE:2168:

  • PB Ratio: 0.45 (74% below median its 10-year median of 1.70)
  • GF Value™: 円2,032.72 vs. price of 円1,546.00 (23.9% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 72.9% below the Business Services median (#90 of 1048)

No single metric tells the full story. See the TSE:2168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pasona Group Business Description

Address 1-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8228
Pasona Group Inc provides human resource related support services. Its segments are BPO Solutions, Expert Solutions, Career Solutions, Global Solutions, Life Solutions, and Regional Revitalization and Tourism Solutions.
50GF Score

Get the complete analysis for TSE:2168

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

円1,546.00
Price
円2,032.72
GF Value