Internet Initiative JapanTSE:3774 -0.88%93 PB Ratio is 3.90 as of Jul. 11, 2026, which is 38% above its 10-year median of 2.82. GuruFocus rates TSE:3774 with a GF Score™ of 93/100 and a GF Value™ of 円3,333.04 (Fairly Valued). The stock has 6 warning signs investors should review. Among 338 Telecommunication Services companies, Internet Initiative Japan ranks worse than 80.18% on this metric.
Internet Initiative Japan Inc stock PB Ratio (=3.71) is close to 1-year high of 3.71.
The historical rank and industry rank for Internet Initiative Japan's PB Ratio or its related term are showing as below:
TSE:3774'
s PB Ratio Range Over the Past 10 Years
Min: 1.1 Med: 2.82 Max: 4.6
Current: 3.91
During the past 13 years, Internet Initiative Japan's highest PB Ratio was 4.60. The lowest was 1.10. And the median was 2.82.
TSE:3774's PB Ratio is ranked worse than 80.18% of 338
companies
in the Telecommunication Services industry
Industry Median: 1.845
vs TSE:3774: 3.91
During the past 12 months, Internet Initiative Japan's average Book Value Per Share Growth Rate was 12.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Internet Initiative Japan was 206.60% per year. The lowest was -36.20% per year. And the median was 10.70% per year.
Back to Basics: PB Ratio
Internet Initiative Japan (TSE:3774) PB Ratio Explanation
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.
Internet Initiative Japan PB Ratio Related Terms
Internet Initiative Japan PB Ratio Historical Data
* 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 Telecom Services subindustry, Internet Initiative Japan'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.
Internet Initiative Japan PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's PB Ratio distribution charts can be found below:
* The bar in red indicates where Internet Initiative Japan'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.
Internet Initiative Japan (TSE:3774) has a PB Ratio of 3.90 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Internet Initiative Japan and its competitors. This is 38% above median its historical median of 2.82. Over the past decade, Internet Initiative Japan's PB Ratio has ranged from 1.10 to 4.60. According to the industry distribution chart, Internet Initiative Japan ranks #271 out of 338 companies in the Telecommunication Services industry, placing it in the top 80.2%.
Is Internet Initiative Japan's PB Ratio too high?
Internet Initiative Japan's current PB Ratio of 3.90 is 38% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 4.60. The Telecommunication Services industry median PB Ratio is 1.85. Internet Initiative Japan's value of 3.90 is 111.4% above this industry median. Based on the distribution chart, Internet Initiative Japan ranks #271 out of 338 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Internet Initiative Japan has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Internet Initiative Japan's PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Internet Initiative Japan ranks #271 out of 338 companies for PB Ratio. This places Internet Initiative Japan in the lower half of its industry. The industry median PB Ratio is 1.85. Internet Initiative Japan's value of 3.90 is 111.4% above this benchmark. Historically, Internet Initiative Japan's own PB Ratio has ranged from 1.10 to 4.60 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 1.85, Internet Initiative Japan 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 Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.85, based on 338 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. Internet Initiative Japan's current PB Ratio of 3.90 is 111.4% 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 Internet Initiative Japan and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Internet Initiative Japan's current PB Ratio is 3.90, which is 38% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Internet Initiative Japan stock overvalued right now?
Based on GuruFocus' analysis, Internet Initiative Japan (TSE:3774) is currently considered Fairly Valued. The stock's GF Value™ is 円3,333.04, compared to a current price of 円3,479.00 — trading 4.4% above its estimated fair value. The current PB Ratio is 3.90, which is 38% above median its 10-year median of 2.82 and 111.4% above the Telecommunication Services industry median of 1.85. Internet Initiative Japan's overall GF Score™ is 93/100 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 Internet Initiative Japan (TSE:3774), the current PB Ratio is 3.90 as of Jul. 11, 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 Internet Initiative Japan (TSE:3774) Overvalued in 2026?
Based on GuruFocus' analysis, Internet Initiative Japan stock appears to be overvalued.
The current stock price of 円3,479.00 is trading 4.4% above its estimated GF Value™ of 円3,333.04.
GuruFocus considers Internet Initiative Japan to be Fairly Valued.
Key valuation signals for TSE:3774:
PB Ratio: 3.90 (38% above median its 10-year median of 2.82)
GF Value™: 円3,333.04 vs. price of 円3,479.00 (4.4% above fair value)
Industry Position: 111.4% above the Telecommunication Services median (#271 of 338)
No single metric tells the full story. See the TSE:3774 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.
93GF Score
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