Shinwa Co (TSE:3447) PB Ratio: 0.81 (As of Jul. 17, 2026) — 11% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:3447 Shinwa Co Ltd TSE:3447
75 GF Score
Price 円1,005.00
GF Value 円1,113.78
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Shinwa Co PB Ratio?

Shinwa Co TSE:3447 +3.29% 75 PB Ratio is 0.81 as of Jul. 17, 2026, which is 11% above its 10-year median of 0.73. GuruFocus rates TSE:3447 with a GF Score™ of 75/100 and a GF Value™ of 円1,113.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,983 Industrial Products companies, Shinwa Co ranks better than 84.98% 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 (2026-07-17), Shinwa Co's share price is 円1005.00. Shinwa Co's Book Value per Share for the quarter that ended in Mar. 2026 was 円1,247.21. Hence, Shinwa Co's PB Ratio of today is 0.81.

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

TSE:3447' s PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.73   Max: 1.47
Current: 0.81

During the past 10 years, Shinwa Co's highest PB Ratio was 1.47. The lowest was 0.62. And the median was 0.73.

TSE:3447's PB Ratio is ranked better than
84.98% of 2983 companies
in the Industrial Products industry
Industry Median: 2.19 vs TSE:3447: 0.81

During the past 12 months, Shinwa Co's average Book Value Per Share Growth Rate was 9.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.30% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Shinwa Co was 8.60% per year. The lowest was 1.50% per year. And the median was 4.60% per year.

Back to Basics: PB Ratio


Shinwa Co  (TSE:3447) 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.


Shinwa Co PB Ratio Related Terms


Shinwa Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Shinwa 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.

Shinwa Co PB Ratio Chart

Shinwa Co 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 0.72 0.64 0.69 0.65 0.79

Shinwa Co Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.69 0.66 0.65 0.73 0.79

TSE:3447 vs CRS, ATI, MLI: PB Ratio Comparison

For the Metal Fabrication subindustry, Shinwa 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.


Shinwa Co PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shinwa Co's PB Ratio distribution charts can be found below:

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


TSE:3447
75GF Score
Shinwa Co Ltd TSE:3447
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinwa Co 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.

Shinwa Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=1005.00/1247.211
=0.81

* 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 0.81 mean?
Shinwa Co (TSE:3447) has a PB Ratio of 0.81 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shinwa Co and its competitors. This is 11% above median its historical median of 0.73. Over the past decade, Shinwa Co's PB Ratio has ranged from 0.62 to 1.47. According to the industry distribution chart, Shinwa Co ranks #448 out of 2983 companies in the Industrial Products industry, placing it in the top 15%.
Is Shinwa Co's PB Ratio too high?
Shinwa Co's current PB Ratio of 0.81 is 11% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.47. The Industrial Products industry median PB Ratio is 2.19. Shinwa Co's value of 0.81 is 63% below this industry median. Based on the distribution chart, Shinwa Co ranks #448 out of 2983 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Shinwa Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shinwa Co's PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shinwa Co ranks #448 out of 2983 companies for PB Ratio. This places Shinwa Co in the top 15% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.19. Shinwa Co's value of 0.81 is 63% below this benchmark. Historically, Shinwa Co's own PB Ratio has ranged from 0.62 to 1.47 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 2.19, Shinwa 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.19, based on 2,983 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. Shinwa Co's current PB Ratio of 0.81 is 63% 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 Shinwa Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Co's current PB Ratio is 0.81, which is 11% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Co stock overvalued right now?
Based on GuruFocus' analysis, Shinwa Co (TSE:3447) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,113.78, compared to a current price of 円1,005.00 — trading 9.8% below its estimated fair value. The current PB Ratio is 0.81, which is 11% above median its 10-year median of 0.73 and 63% below the Industrial Products industry median of 2.19. Shinwa Co's overall GF Score™ is 75/100 with 4 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 Shinwa Co (TSE:3447), the current PB Ratio is 0.81 as of Jul. 17, 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 Shinwa Co (TSE:3447) Overvalued in 2026?

Based on GuruFocus' analysis, Shinwa Co stock appears to be undervalued. The current stock price of 円1,005.00 is trading 9.8% below its estimated GF Value™ of 円1,113.78. GuruFocus considers Shinwa Co to be Modestly Undervalued.

Key valuation signals for TSE:3447:

  • PB Ratio: 0.81 (11% above median its 10-year median of 0.73)
  • GF Value™: 円1,113.78 vs. price of 円1,005.00 (9.8% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 63% below the Industrial Products median (#448 of 2983)

No single metric tells the full story. See the TSE:3447 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinwa Co Business Description

Address 30-7 Hiratacho Bushigawa, Gifu Prefecture, Kaizu-shi, JPN, 503-0311
Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.
75GF Score

Get the complete analysis for TSE:3447

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

円1,005.00
Price
円1,113.78
GF Value