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First Brothers CoTSE:3454 +0.08%65 PB Ratio is 0.64 as of Jul. 17, 2026, which is 11% below its 10-year median of 0.72. GuruFocus rates TSE:3454 with a GF Score™ of 65/100 and a GF Value™ of 円1,541.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,600 Asset Management companies, First Brothers Co ranks better than 84% 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), First Brothers Co's share price is 円1277.00. First Brothers Co's Book Value per Share for the quarter that ended in May. 2026 was 円2,003.61. Hence, First Brothers Co's PB Ratio of today is 0.64.
The historical rank and industry rank for First Brothers Co's PB Ratio or its related term are showing as below:
TSE:3454'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 0.72 Max: 1.98
Current: 0.64
During the past 13 years, First Brothers Co's highest PB Ratio was 1.98. The lowest was 0.51. And the median was 0.72.
TSE:3454's PB Ratio is ranked better than 84% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs TSE:3454: 0.64
During the past 12 months, First Brothers Co's average Book Value Per Share Growth Rate was 13.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Brothers Co was 58.20% per year. The lowest was 6.20% per year. And the median was 14.70% 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.
First Brothers Co PB Ratio Related Terms
First Brothers Co PB Ratio Historical Data
* Premium members only.
The historical data trend for First Brothers 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 Asset Management subindustry, First Brothers 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.
First Brothers Co PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Brothers Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Brothers 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.
* 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.
First Brothers Co (TSE:3454) has a PB Ratio of 0.64 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 First Brothers Co and its competitors. This is 11% below median its historical median of 0.72. Over the past decade, First Brothers Co's PB Ratio has ranged from 0.51 to 1.98. According to the industry distribution chart, First Brothers Co ranks #256 out of 1600 companies in the Asset Management industry, placing it in the top 16%.
Is First Brothers Co's PB Ratio too high?
First Brothers Co's current PB Ratio of 0.64 is 11% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.98. The Asset Management industry median PB Ratio is 0.96. First Brothers Co's value of 0.64 is 33.3% below this industry median. Based on the distribution chart, First Brothers Co ranks #256 out of 1600 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, First Brothers Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, First Brothers Co ranks #256 out of 1600 companies for PB Ratio. This places First Brothers Co in the top 16% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. First Brothers Co's value of 0.64 is 33.3% below this benchmark. Historically, First Brothers Co's own PB Ratio has ranged from 0.51 to 1.98 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 0.96, First Brothers 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 Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,600 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. First Brothers Co's current PB Ratio of 0.64 is 33.3% 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 First Brothers Co and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Brothers Co's current PB Ratio is 0.64, which is 11% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,541.44, compared to a current price of 円1,277.00 — trading 17.2% below its estimated fair value. The current PB Ratio is 0.64, which is 11% below median its 10-year median of 0.72 and 33.3% below the Asset Management industry median of 0.96. First Brothers Co's overall GF Score™ is 65/100 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 First Brothers Co (TSE:3454), the current PB Ratio is 0.64 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 First Brothers Co (TSE:3454) Overvalued in 2026?
Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued.
The current stock price of 円1,277.00 is trading 17.2% below its estimated GF Value™ of 円1,541.44.
GuruFocus considers First Brothers Co to be Modestly Undervalued.
Key valuation signals for TSE:3454:
PB Ratio: 0.64 (11% below median its 10-year median of 0.72)
GF Value™: 円1,541.44 vs. price of 円1,277.00 (17.2% below fair value)
Industry Position: 33.3% below the Asset Management median (#256 of 1600)
No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
65GF Score
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