Forside CoTSE:2330 +2.56%53 PB Ratio is 1.12 as of Jul. 12, 2026, which is 64% below its 10-year median of 3.12. GuruFocus rates TSE:2330 with a GF Score™ of 53/100 and a GF Value™ of 円264.87 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 795 Travel & Leisure companies, Forside Co ranks better than 62.39% 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 (2026-07-12), Forside Co's share price is 円80.00. Forside Co's Book Value per Share for the quarter that ended in Dec. 2025 was 円71.44. Hence, Forside Co's PB Ratio of today is 1.12.
Good Sign:
Forside Co Ltd stock PB Ratio (=1.12) is close to 10-year low of 1.03.
The historical rank and industry rank for Forside Co's PB Ratio or its related term are showing as below:
TSE:2330'
s PB Ratio Range Over the Past 10 Years
Min: 1.03 Med: 3.12 Max: 12.79
Current: 1.12
During the past 13 years, Forside Co's highest PB Ratio was 12.79. The lowest was 1.03. And the median was 3.12.
TSE:2330's PB Ratio is ranked better than 62.39% of 795
companies
in the Travel & Leisure industry
Industry Median: 1.49
vs TSE:2330: 1.12
During the past 12 months, Forside Co's average Book Value Per Share Growth Rate was 20.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 29.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Forside Co was 45.30% per year. The lowest was -51.70% per year. And the median was -13.40% 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.
Forside Co PB Ratio Related Terms
Forside Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Forside 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.
For the Leisure subindustry, Forside 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.
Forside Co PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Forside Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Forside Co'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.
Forside Co'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.
Forside Co (TSE:2330) has a PB Ratio of 1.12 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Forside Co and its competitors. This is 64% below median its historical median of 3.12. Over the past decade, Forside Co's PB Ratio has ranged from 1.03 to 12.79. According to the industry distribution chart, Forside Co ranks #299 out of 795 companies in the Travel & Leisure industry, placing it in the top 37.6%.
Is Forside Co's PB Ratio too high?
Forside Co's current PB Ratio of 1.12 is 64% below median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 12.79. The Travel & Leisure industry median PB Ratio is 1.49. Forside Co's value of 1.12 is 24.8% below this industry median. Based on the distribution chart, Forside Co ranks #299 out of 795 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Forside Co has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forside Co's PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Forside Co ranks #299 out of 795 companies for PB Ratio. This puts Forside Co in the upper half of its industry. The industry median PB Ratio is 1.49. Forside Co's value of 1.12 is 24.8% below this benchmark. Historically, Forside Co's own PB Ratio has ranged from 1.03 to 12.79 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 1.49, Forside Co 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.49, based on 795 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. Forside Co's current PB Ratio of 1.12 is 24.8% 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 Forside Co and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forside Co's current PB Ratio is 1.12, which is 64% below median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forside Co stock overvalued right now?
Based on GuruFocus' analysis, Forside Co (TSE:2330) is currently considered Significantly Undervalued. The stock's GF Value™ is 円264.87, compared to a current price of 円80.00 — trading 69.8% below its estimated fair value. The current PB Ratio is 1.12, which is 64% below median its 10-year median of 3.12 and 24.8% below the Travel & Leisure industry median of 1.49. Forside Co's overall GF Score™ is 53/100 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 Forside Co (TSE:2330), the current PB Ratio is 1.12 as of Jul. 12, 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 Forside Co (TSE:2330) Overvalued in 2026?
Based on GuruFocus' analysis, Forside Co stock appears to be undervalued.
The current stock price of 円80.00 is trading 69.8% below its estimated GF Value™ of 円264.87.
GuruFocus considers Forside Co to be Significantly Undervalued.
Key valuation signals for TSE:2330:
PB Ratio: 1.12 (64% below median its 10-year median of 3.12)
GF Value™: 円264.87 vs. price of 円80.00 (69.8% below fair value)
Industry Position: 24.8% below the Travel & Leisure median (#299 of 795)
No single metric tells the full story. See the TSE:2330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forside Co Ltd is a Japan-based company engaged in the content business. The company provides guidance in the areas concerning investment banking, merger and acquisition, financing and other related financial services. Its reportable segments are Prize Business, Real Estate-Related Business, Content Business, Event Business, Master Rights Business, AI-Related Business, and Logistics-Related Business.
53GF Score
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