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Oji HoldingsTSE:3861 +1.53%62 PB Ratio is 0.71 as of Jul. 30, 2026, which is 3% below its 10-year median of 0.73. GuruFocus rates TSE:3861 with a GF Score™ of 62/100 and a GF Value™ of 円743.68 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 271 Forest Products companies, Oji Holdings ranks better than 54.61% 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 (2026-07-30), Oji Holdings's share price is 円896.50. Oji Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was 円1,257.49. Hence, Oji Holdings's PB Ratio of today is 0.71.
Good Sign:
Oji Holdings Corp stock PB Ratio (=0.68) is close to 1-year low of 0.62.
The historical rank and industry rank for Oji Holdings's PB Ratio or its related term are showing as below:
TSE:3861'
s PB Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.73 Max: 1.24
Current: 0.71
During the past 13 years, Oji Holdings's highest PB Ratio was 1.24. The lowest was 0.46. And the median was 0.73.
TSE:3861's PB Ratio is ranked better than 54.61% of 271
companies
in the Forest Products industry
Industry Median: 0.78
vs TSE:3861: 0.71
During the past 12 months, Oji Holdings's average Book Value Per Share Growth Rate was 6.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Oji Holdings was 13.60% per year. The lowest was -5.30% per year. And the median was 4.10% 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.
Oji Holdings PB Ratio Related Terms
Oji Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Oji Holdings'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 Paper & Paper Products subindustry, Oji Holdings'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.
Oji Holdings PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Oji Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Oji Holdings'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.
Oji Holdings'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.
Oji Holdings (TSE:3861) has a PB Ratio of 0.71 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Oji Holdings and its competitors. This is near median its historical median of 0.73. Over the past decade, Oji Holdings' PB Ratio has ranged from 0.46 to 1.24. According to the industry distribution chart, Oji Holdings ranks #123 out of 271 companies in the Forest Products industry, placing it in the top 45.4%.
Is Oji Holdings' PB Ratio too high?
Oji Holdings' current PB Ratio of 0.71 is near median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.24. The Forest Products industry median PB Ratio is 0.78. Oji Holdings' value of 0.71 is 9% below this industry median. Based on the distribution chart, Oji Holdings ranks #123 out of 271 companies in the Forest Products industry, which is above the industry midpoint. Overall, Oji Holdings has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oji Holdings' PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Oji Holdings ranks #123 out of 271 companies for PB Ratio. This puts Oji Holdings in the upper half of its industry. The industry median PB Ratio is 0.78. Oji Holdings' value of 0.71 is 9% below this benchmark. Historically, Oji Holdings' own PB Ratio has ranged from 0.46 to 1.24 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.78, Oji Holdings 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.78, based on 271 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. Oji Holdings's current PB Ratio of 0.71 is 9% 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 Oji Holdings and its competitors. For the Forest Products industry, the median PB Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oji Holdings's current PB Ratio is 0.71, which is near 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 Oji Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oji Holdings (TSE:3861) is currently considered Modestly Overvalued. The stock's GF Value™ is 円743.68, compared to a current price of 円896.50 — trading 20.5% above its estimated fair value. The current PB Ratio is 0.71, which is near median its 10-year median of 0.73 and 9% below the Forest Products industry median of 0.78. Oji Holdings' overall GF Score™ is 62/100 with 7 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 Oji Holdings (TSE:3861), the current PB Ratio is 0.71 as of Jul. 30, 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 Oji Holdings (TSE:3861) Overvalued in 2026?
Based on GuruFocus' analysis, Oji Holdings stock appears to be overvalued.
The current stock price of 円896.50 is trading 20.5% above its estimated GF Value™ of 円743.68.
GuruFocus considers Oji Holdings to be Modestly Overvalued.
Key valuation signals for TSE:3861:
PB Ratio: 0.71 (near median its 10-year median of 0.73)
GF Value™: 円743.68 vs. price of 円896.50 (20.5% above fair value)
Industry Position: 9% below the Forest Products median (#123 of 271)
No single metric tells the full story. See the TSE:3861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oji Holdings Corp through its group companies, is engaged in the production and distribution of pulp, paper products, and converted paper products. The company operates through five segments. The Functional Materials segment covers specialty paper, thermal paper, adhesives, and films. The Living and Industrial Materials segment includes corrugated base paper, paperboard, packaging paper, household paper, and disposable diapers. The Print Information Media segment engages in newsprint, printing, publishing, and information paper. The Resource and Environmental Business segment spans pulp, energy, afforestation, and wood processing. The Others segment comprises trading, eco-friendly packaging, logistics, engineering, real estate, and liquid cartons.
62GF Score
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