Ajinomoto CoTSE:2802 +2.07%79 PB Ratio is 7.67 as of Jul. 05, 2026, which is 221% above its 10-year median of 2.39. GuruFocus rates TSE:2802 with a GF Score™ of 79/100 and a GF Value™ of 円3,692.72 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,895 Consumer Packaged Goods companies, Ajinomoto Co ranks worse than 93.93% 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 (2026-07-05), Ajinomoto Co's share price is 円6167.00. Ajinomoto Co's Book Value per Share for the quarter that ended in Mar. 2026 was 円804.24. Hence, Ajinomoto Co's PB Ratio of today is 7.67.
Warning Sign:
Ajinomoto Co Inc stock PB Ratio (=7.67) is close to 10-year high of 7.67.
The historical rank and industry rank for Ajinomoto Co's PB Ratio or its related term are showing as below:
TSE:2802'
s PB Ratio Range Over the Past 10 Years
Min: 1.44 Med: 2.39 Max: 7.67
Current: 7.67
During the past 13 years, Ajinomoto Co's highest PB Ratio was 7.67. The lowest was 1.44. And the median was 2.39.
TSE:2802's PB Ratio is ranked worse than 93.93% of 1895
companies
in the Consumer Packaged Goods industry
Industry Median: 1.37
vs TSE:2802: 7.67
During the past 12 months, Ajinomoto Co's average Book Value Per Share Growth Rate was 7.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ajinomoto Co was 13.90% per year. The lowest was -3.20% per year. And the median was 3.50% 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.
Ajinomoto Co PB Ratio Related Terms
Ajinomoto Co PB Ratio Historical Data
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The historical data trend for Ajinomoto 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 Packaged Foods subindustry, Ajinomoto 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.
Ajinomoto Co PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ajinomoto 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.
Ajinomoto 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.
Ajinomoto Co (TSE:2802) has a PB Ratio of 7.67 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ajinomoto Co and its competitors. This is 221% above median its historical median of 2.39. Over the past decade, Ajinomoto Co's PB Ratio has ranged from 1.44 to 7.67. According to the industry distribution chart, Ajinomoto Co ranks #1780 out of 1895 companies in the Consumer Packaged Goods industry, placing it in the top 93.9%.
Is Ajinomoto Co's PB Ratio too high?
Ajinomoto Co's current PB Ratio of 7.67 is 221% above median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 7.67. The Consumer Packaged Goods industry median PB Ratio is 1.37. Ajinomoto Co's value of 7.67 is 459.9% above this industry median. Based on the distribution chart, Ajinomoto Co ranks #1780 out of 1895 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Ajinomoto Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ajinomoto Co's PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ajinomoto Co ranks #1780 out of 1895 companies for PB Ratio. This places Ajinomoto Co in the lower half of its industry. The industry median PB Ratio is 1.37. Ajinomoto Co's value of 7.67 is 459.9% above this benchmark. Historically, Ajinomoto Co's own PB Ratio has ranged from 1.44 to 7.67 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 1.37, Ajinomoto 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 Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.37, based on 1,895 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. Ajinomoto Co's current PB Ratio of 7.67 is 459.9% 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 Ajinomoto Co and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajinomoto Co's current PB Ratio is 7.67, which is 221% above median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajinomoto Co stock overvalued right now?
Based on GuruFocus' analysis, Ajinomoto Co (TSE:2802) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,692.72, compared to a current price of 円6,167.00 — trading 67% above its estimated fair value. The current PB Ratio is 7.67, which is 221% above median its 10-year median of 2.39 and 459.9% above the Consumer Packaged Goods industry median of 1.37. Ajinomoto Co's overall GF Score™ is 79/100 with 6 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 Ajinomoto Co (TSE:2802), the current PB Ratio is 7.67 as of Jul. 05, 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 Ajinomoto Co (TSE:2802) Overvalued in 2026?
Based on GuruFocus' analysis, Ajinomoto Co stock appears to be overvalued.
The current stock price of 円6,167.00 is trading 67% above its estimated GF Value™ of 円3,692.72.
GuruFocus considers Ajinomoto Co to be Significantly Overvalued.
Key valuation signals for TSE:2802:
PB Ratio: 7.67 (221% above median its 10-year median of 2.39)
GF Value™: 円3,692.72 vs. price of 円6,167.00 (67% above fair value)
Industry Position: 459.9% above the Consumer Packaged Goods median (#1780 of 1895)
No single metric tells the full story. See the TSE:2802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ajinomoto was founded in 1909, and it began manufacturing the world's first umami seasoning, MSG, made from amino acids. It has since grown to be one of the top manufacturers of sauces and seasonings and has diversified into frozen foods and the manufacture of other amino acid-based materials. Its sauces and seasonings are sold across Southeast Asia, Europe, and the Americas and are found in most supermarkets, making up approximately 60% of its revenue. The remaining 40% is roughly divided into the healthcare and others segment and the frozen food segment. Its healthcare and others segment also includes functional materials, which include an organic resin material, Ajinomoto Build-up Film, which is currently the industry standard for ABF substrates for semiconductors.
79GF Score
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