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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 (2026-07-23), ZEAL Associate's share price is 円211.60. ZEAL Associate's Book Value per Share for the quarter that ended in Feb. 2026 was 円110.11. Hence, ZEAL Associate's PB Ratio of today is 1.92.
The historical rank and industry rank for ZEAL Associate's PB Ratio or its related term are showing as below:
TSE:329A'
s PB Ratio Range Over the Past 10 Years
Min: 1.92 Med: 2.04 Max: 2.32
Current: 1.92
During the past 3 years, ZEAL Associate's highest PB Ratio was 2.32. The lowest was 1.92. And the median was 2.04.
TSE:329A's PB Ratio is not ranked
in the Conglomerates industry.
Industry Median: 1.03
vs TSE:329A: 1.92
During the past 12 months, ZEAL Associate's average Book Value Per Share Growth Rate was 23.20% 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.
ZEAL Associate PB Ratio Related Terms
ZEAL Associate PB Ratio Historical Data
* Premium members only.
The historical data trend for ZEAL Associate'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.
ZEAL Associate PB Ratio Chart
ZEAL Associate Annual Data
Trend
Aug23
Aug24
Aug25
PB Ratio
0.00
0.00
2.04
ZEAL Associate Semi-Annual Data
Aug23
Aug24
Feb25
Aug25
Feb26
PB Ratio
0.00
0.00
0.00
2.04
1.92
TSE:329A vs HON, MMM: PB Ratio Comparison
For the Conglomerates subindustry, ZEAL Associate'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.
ZEAL Associate PB Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ZEAL Associate's PB Ratio distribution charts can be found below:
* The bar in red indicates where ZEAL Associate'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.
ZEAL Associate'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.
ZEAL Associate (TSE:329A) has a PB Ratio of 1.92 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ZEAL Associate and its competitors. This is near median its historical median of 2.04. Over the past decade, ZEAL Associate's PB Ratio has ranged from 1.92 to 2.32.
Is ZEAL Associate's PB Ratio too high?
ZEAL Associate's current PB Ratio of 1.92 is near median its 10-year median of 2.04. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 2.32. The Conglomerates industry median PB Ratio is 1.03. ZEAL Associate's value of 1.92 is 86.4% above this industry median. Overall, ZEAL Associate has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does ZEAL Associate's PB Ratio compare to HON and MMM?
ZEAL Associate's PB Ratio of 1.92 can be compared against companies in the Conglomerates industry. The industry median PB Ratio is 1.03. ZEAL Associate's value of 1.92 is 86.4% above this benchmark. Historically, ZEAL Associate's own PB Ratio has ranged from 1.92 to 2.32 over the past decade. While the company's 10-year median is 2.04 vs. the industry median of 1.03, ZEAL Associate 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 Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.03, based on 547 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. ZEAL Associate's current PB Ratio of 1.92 is 86.4% 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 ZEAL Associate and its competitors. For the Conglomerates industry, the median PB Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Associate's current PB Ratio is 1.92, which is near median its own 10-year median of 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Associate stock overvalued right now?
ZEAL Associate (TSE:329A) has a current PB Ratio of 1.92. The current PB Ratio is 1.92, which is near median its 10-year median of 2.04 and 86.4% above the Conglomerates industry median of 1.03. ZEAL Associate's overall GF Score™ is 16/100 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 ZEAL Associate (TSE:329A), the current PB Ratio is 1.92 as of Jul. 23, 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.
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