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Mullion CoTSE:3494 +4.84%64 PB Ratio is 0.75 as of Jul. 15, 2026, which is 34% above its 10-year median of 0.56. GuruFocus rates TSE:3494 with a GF Score™ of 64/100 and a GF Value™ of 円435.46 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,713 Real Estate companies, Mullion Co ranks better than 55.81% 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 (2026-07-15), Mullion Co's share price is 円455.00. Mullion Co's Book Value per Share for the quarter that ended in Mar. 2026 was 円607.51. Hence, Mullion Co's PB Ratio of today is 0.75.
The historical rank and industry rank for Mullion Co's PB Ratio or its related term are showing as below:
TSE:3494'
s PB Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.56 Max: 1.82
Current: 0.75
During the past 10 years, Mullion Co's highest PB Ratio was 1.82. The lowest was 0.33. And the median was 0.56.
TSE:3494's PB Ratio is ranked better than 55.81% of 1713
companies
in the Real Estate industry
Industry Median: 0.81
vs TSE:3494: 0.75
During the past 12 months, Mullion Co's average Book Value Per Share Growth Rate was 9.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.40% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Mullion Co was 24.00% per year. The lowest was 1.70% per year. And the median was 3.90% 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.
Mullion Co PB Ratio Related Terms
Mullion Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Mullion 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 Real Estate Services subindustry, Mullion 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.
Mullion Co PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Mullion Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mullion 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.
Mullion 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.
Mullion Co (TSE:3494) has a PB Ratio of 0.75 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mullion Co and its competitors. This is 34% above median its historical median of 0.56. Over the past decade, Mullion Co's PB Ratio has ranged from 0.33 to 1.82. According to the industry distribution chart, Mullion Co ranks #757 out of 1713 companies in the Real Estate industry, placing it in the top 44.2%.
Is Mullion Co's PB Ratio too high?
Mullion Co's current PB Ratio of 0.75 is 34% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.82. The Real Estate industry median PB Ratio is 0.81. Mullion Co's value of 0.75 is 7.4% below this industry median. Based on the distribution chart, Mullion Co ranks #757 out of 1713 companies in the Real Estate industry, which is above the industry midpoint. Overall, Mullion Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mullion Co's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Mullion Co ranks #757 out of 1713 companies for PB Ratio. This puts Mullion Co in the upper half of its industry. The industry median PB Ratio is 0.81. Mullion Co's value of 0.75 is 7.4% below this benchmark. Historically, Mullion Co's own PB Ratio has ranged from 0.33 to 1.82 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.81, Mullion 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,713 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. Mullion Co's current PB Ratio of 0.75 is 7.4% 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 Mullion Co and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullion Co's current PB Ratio is 0.75, which is 34% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullion Co stock overvalued right now?
Based on GuruFocus' analysis, Mullion Co (TSE:3494) is currently considered Fairly Valued. The stock's GF Value™ is 円435.46, compared to a current price of 円455.00 — trading 4.5% above its estimated fair value. The current PB Ratio is 0.75, which is 34% above median its 10-year median of 0.56 and 7.4% below the Real Estate industry median of 0.81. Mullion Co's overall GF Score™ is 64/100 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 Mullion Co (TSE:3494), the current PB Ratio is 0.75 as of Jul. 15, 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 Mullion Co (TSE:3494) Overvalued in 2026?
Based on GuruFocus' analysis, Mullion Co stock appears to be overvalued.
The current stock price of 円455.00 is trading 4.5% above its estimated GF Value™ of 円435.46.
GuruFocus considers Mullion Co to be Fairly Valued.
Key valuation signals for TSE:3494:
PB Ratio: 0.75 (34% above median its 10-year median of 0.56)
GF Value™: 円435.46 vs. price of 円455.00 (4.5% above fair value)
Industry Position: 7.4% below the Real Estate median (#757 of 1713)
No single metric tells the full story. See the TSE:3494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mullion Co Ltd is a Japanese real estate company. The company is engaged in leasing and managing a real estate rental property, and also engaged in the origination and placement of securitization products derived from real estate rental cash flow.
64GF Score
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