User LocalTSE:3984 +0.90%97 PB Ratio is 2.98 as of Jul. 13, 2026, which is 49% below its 10-year median of 5.85. GuruFocus rates TSE:3984 with a GF Score™ of 97/100 and a GF Value™ of 円2,112.09 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,631 Software companies, User Local ranks worse than 59.71% 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 (2026-07-13), User Local's share price is 円1784.00. User Local's Book Value per Share for the quarter that ended in Dec. 2025 was 円597.68. Hence, User Local's PB Ratio of today is 2.98.
The historical rank and industry rank for User Local's PB Ratio or its related term are showing as below:
TSE:3984'
s PB Ratio Range Over the Past 10 Years
Min: 2.46 Med: 5.85 Max: 25.35
Current: 2.98
During the past 11 years, User Local's highest PB Ratio was 25.35. The lowest was 2.46. And the median was 5.85.
TSE:3984's PB Ratio is ranked worse than 59.71% of 2631
companies
in the Software industry
Industry Median: 2.41
vs TSE:3984: 2.98
During the past 12 months, User Local's average Book Value Per Share Growth Rate was 17.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 26.60% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of User Local was 50.90% per year. The lowest was 16.10% per year. And the median was 25.95% 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.
User Local PB Ratio Related Terms
User Local PB Ratio Historical Data
* Premium members only.
The historical data trend for User Local'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 Information Technology Services subindustry, User Local'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.
User Local PB Ratio vs Software Industry
For the Software industry and Technology sector, User Local's PB Ratio distribution charts can be found below:
* The bar in red indicates where User Local'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.
User Local'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.
User Local (TSE:3984) has a PB Ratio of 2.98 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on User Local and its competitors. This is 49% below median its historical median of 5.85. Over the past decade, User Local's PB Ratio has ranged from 2.46 to 25.35. According to the industry distribution chart, User Local ranks #1571 out of 2631 companies in the Software industry, placing it in the top 59.7%.
Is User Local's PB Ratio too high?
User Local's current PB Ratio of 2.98 is 49% below median its 10-year median of 5.85. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 25.35. The Software industry median PB Ratio is 2.41. User Local's value of 2.98 is 23.7% above this industry median. Based on the distribution chart, User Local ranks #1571 out of 2631 companies in the Software industry, which is below the industry midpoint. Overall, User Local has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does User Local's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, User Local ranks #1571 out of 2631 companies for PB Ratio. This places User Local in the lower half of its industry. The industry median PB Ratio is 2.41. User Local's value of 2.98 is 23.7% above this benchmark. Historically, User Local's own PB Ratio has ranged from 2.46 to 25.35 over the past decade. While the company's 10-year median is 5.85 vs. the industry median of 2.41, User Local 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 Software company?
The median PB Ratio among Software companies is 2.41, based on 2,631 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. User Local's current PB Ratio of 2.98 is 23.7% 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 User Local and its competitors. For the Software industry, the median PB Ratio is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. User Local's current PB Ratio is 2.98, which is 49% below median its own 10-year median of 5.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is User Local stock overvalued right now?
Based on GuruFocus' analysis, User Local (TSE:3984) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,112.09, compared to a current price of 円1,784.00 — trading 15.5% below its estimated fair value. The current PB Ratio is 2.98, which is 49% below median its 10-year median of 5.85 and 23.7% above the Software industry median of 2.41. User Local's overall GF Score™ is 97/100 with 1 warning sign 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 User Local (TSE:3984), the current PB Ratio is 2.98 as of Jul. 13, 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 User Local (TSE:3984) Overvalued in 2026?
Based on GuruFocus' analysis, User Local stock appears to be undervalued.
The current stock price of 円1,784.00 is trading 15.5% below its estimated GF Value™ of 円2,112.09.
GuruFocus considers User Local to be Modestly Undervalued.
Key valuation signals for TSE:3984:
PB Ratio: 2.98 (49% below median its 10-year median of 5.85)
GF Value™: 円2,112.09 vs. price of 円1,784.00 (15.5% below fair value)
Industry Position: 23.7% above the Software median (#1571 of 2631)
No single metric tells the full story. See the TSE:3984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
User Local Inc is engaged in the research and development of big data analysis system, web marketing support tool, offering media analysis tool, and managing artificial intelligence chat bot.
97GF Score
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