Systena (TSE:2317) PB Ratio: 3.79 (As of Jul. 16, 2026) — 28% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:2317 Systena Corp TSE:2317
91 GF Score
Price 円420.00
GF Value 円449.11
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Systena PB Ratio?

Systena TSE:2317 -0.47% 91 PB Ratio is 3.79 as of Jul. 16, 2026, which is 28% below its 10-year median of 5.26. GuruFocus rates TSE:2317 with a GF Score™ of 91/100 and a GF Value™ of 円449.11 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,629 Software companies, Systena ranks worse than 68.77% 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 (2026-07-16), Systena's share price is 円420.00. Systena's Book Value per Share for the quarter that ended in Mar. 2026 was 円110.81. Hence, Systena's PB Ratio of today is 3.79.

Good Sign:

Systena Corp stock PB Ratio (=3.81) is close to 2-year low of 3.53.

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

TSE:2317' s PB Ratio Range Over the Past 10 Years
Min: 2.6   Med: 5.26   Max: 9.3
Current: 3.79

During the past 13 years, Systena's highest PB Ratio was 9.30. The lowest was 2.60. And the median was 5.26.

TSE:2317's PB Ratio is ranked worse than
68.77% of 2629 companies
in the Software industry
Industry Median: 2.42 vs TSE:2317: 3.79

During the past 12 months, Systena's average Book Value Per Share Growth Rate was 22.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 7.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Systena was 31.40% per year. The lowest was 2.20% per year. And the median was 13.90% per year.

Back to Basics: PB Ratio


Systena  (TSE:2317) 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.


Systena PB Ratio Related Terms


Systena PB Ratio Historical Data

* Premium members only.

The historical data trend for Systena'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.

Systena PB Ratio Chart

Systena Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.61 3.29 2.77 3.97 3.73

Systena Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.97 4.45 5.30 4.98 3.73

TSE:2317 vs IBM, ACN, FISV: PB Ratio Comparison

For the Information Technology Services subindustry, Systena'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.


Systena PB Ratio vs Software Industry

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

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


TSE:2317
91GF Score
Systena Corp TSE:2317
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Systena 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.

Systena's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=420.00/110.814
=3.79

* 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 3.79 mean?
Systena (TSE:2317) has a PB Ratio of 3.79 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Systena and its competitors. This is 28% below median its historical median of 5.26. Over the past decade, Systena's PB Ratio has ranged from 2.60 to 9.30. According to the industry distribution chart, Systena ranks #1808 out of 2629 companies in the Software industry, placing it in the top 68.8%.
Is Systena's PB Ratio too high?
Systena's current PB Ratio of 3.79 is 28% below median its 10-year median of 5.26. Over the past 10 years, this metric has ranged from a low of 2.60 to a high of 9.30. The Software industry median PB Ratio is 2.42. Systena's value of 3.79 is 56.6% above this industry median. Based on the distribution chart, Systena ranks #1808 out of 2629 companies in the Software industry, which is below the industry midpoint. Overall, Systena has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Systena's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Systena ranks #1808 out of 2629 companies for PB Ratio. This places Systena in the lower half of its industry. The industry median PB Ratio is 2.42. Systena's value of 3.79 is 56.6% above this benchmark. Historically, Systena's own PB Ratio has ranged from 2.60 to 9.30 over the past decade. While the company's 10-year median is 5.26 vs. the industry median of 2.42, Systena 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 2.42, based on 2,629 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. Systena's current PB Ratio of 3.79 is 56.6% 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 Systena and its competitors. For the Software industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Systena's current PB Ratio is 3.79, which is 28% below median its own 10-year median of 5.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Systena stock overvalued right now?
Based on GuruFocus' analysis, Systena (TSE:2317) is currently considered Fairly Valued. The stock's GF Value™ is 円449.11, compared to a current price of 円420.00 — trading 6.5% below its estimated fair value. The current PB Ratio is 3.79, which is 28% below median its 10-year median of 5.26 and 56.6% above the Software industry median of 2.42. Systena's overall GF Score™ is 91/100 with 1 warning sign 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 Systena (TSE:2317), the current PB Ratio is 3.79 as of Jul. 16, 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 Systena (TSE:2317) Overvalued in 2026?

Based on GuruFocus' analysis, Systena stock appears to be undervalued. The current stock price of 円420.00 is trading 6.5% below its estimated GF Value™ of 円449.11. GuruFocus considers Systena to be Fairly Valued.

Key valuation signals for TSE:2317:

  • PB Ratio: 3.79 (28% below median its 10-year median of 5.26)
  • GF Value™: 円449.11 vs. price of 円420.00 (6.5% below fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 56.6% above the Software median (#1808 of 2629)

No single metric tells the full story. See the TSE:2317 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Systena Business Description

Address 2-2-1 Minatomirai Nishiku, Yokohama, JPN, 220-8123
Systena Corp is a software application and services provider that offers a range of support for planning, designing, developing and operating online businesses for smart devices. It also operates a Framework Design Business, which develops backbone and peripheral systems for financial institutions and designs and builds application platforms. The company provides outsourcing services for help desk and systems operations; and develops and offers gaming content for smartphones. It also offers cloud services; and sells and supports the introduction of Google Apps for Business and Microsoft Office 365, public SaaS-based services, and cloud step.
91GF Score

Get the complete analysis for TSE:2317

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

円420.00
Price
円449.11
GF Value