Needs WellTSE:3992 +0.67%91 PB Ratio is 3.61 as of Jul. 12, 2026, which is 14% above its 10-year median of 3.17. GuruFocus rates TSE:3992 with a GF Score™ of 91/100 and a GF Value™ of 円498.93 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,631 Software companies, Needs Well ranks worse than 65.94% 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 (2026-07-12), Needs Well's share price is 円452.00. Needs Well's Book Value per Share for the quarter that ended in Mar. 2026 was 円125.33. Hence, Needs Well's PB Ratio of today is 3.61.
The historical rank and industry rank for Needs Well's PB Ratio or its related term are showing as below:
TSE:3992'
s PB Ratio Range Over the Past 10 Years
Min: 1.64 Med: 3.17 Max: 5.58
Current: 3.61
During the past 11 years, Needs Well's highest PB Ratio was 5.58. The lowest was 1.64. And the median was 3.17.
TSE:3992's PB Ratio is ranked worse than 65.94% of 2631
companies
in the Software industry
Industry Median: 2.42
vs TSE:3992: 3.61
During the past 12 months, Needs Well's average Book Value Per Share Growth Rate was 7.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 19.00% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Needs Well was 40.20% per year. The lowest was 8.90% per year. And the median was 14.95% 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.
Needs Well PB Ratio Related Terms
Needs Well PB Ratio Historical Data
* Premium members only.
The historical data trend for Needs Well'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 Software - Infrastructure subindustry, Needs Well'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.
Needs Well PB Ratio vs Software Industry
For the Software industry and Technology sector, Needs Well's PB Ratio distribution charts can be found below:
* The bar in red indicates where Needs Well'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.
Needs Well'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.
Needs Well (TSE:3992) has a PB Ratio of 3.61 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Needs Well and its competitors. This is 14% above median its historical median of 3.17. Over the past decade, Needs Well's PB Ratio has ranged from 1.64 to 5.58. According to the industry distribution chart, Needs Well ranks #1735 out of 2631 companies in the Software industry, placing it in the top 65.9%.
Is Needs Well's PB Ratio too high?
Needs Well's current PB Ratio of 3.61 is 14% above median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 5.58. The Software industry median PB Ratio is 2.42. Needs Well's value of 3.61 is 49.2% above this industry median. Based on the distribution chart, Needs Well ranks #1735 out of 2631 companies in the Software industry, which is below the industry midpoint. Overall, Needs Well has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Needs Well's PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Needs Well ranks #1735 out of 2631 companies for PB Ratio. This places Needs Well in the lower half of its industry. The industry median PB Ratio is 2.42. Needs Well's value of 3.61 is 49.2% above this benchmark. Historically, Needs Well's own PB Ratio has ranged from 1.64 to 5.58 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 2.42, Needs Well 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 2.42, 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. Needs Well's current PB Ratio of 3.61 is 49.2% 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 Needs Well and its competitors. For the Software industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Needs Well's current PB Ratio is 3.61, which is 14% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Needs Well stock overvalued right now?
Based on GuruFocus' analysis, Needs Well (TSE:3992) is currently considered Fairly Valued. The stock's GF Value™ is 円498.93, compared to a current price of 円452.00 — trading 9.4% below its estimated fair value. The current PB Ratio is 3.61, which is 14% above median its 10-year median of 3.17 and 49.2% above the Software industry median of 2.42. Needs Well's overall GF Score™ is 91/100 with 2 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 Needs Well (TSE:3992), the current PB Ratio is 3.61 as of Jul. 12, 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 Needs Well (TSE:3992) Overvalued in 2026?
Based on GuruFocus' analysis, Needs Well stock appears to be undervalued.
The current stock price of 円452.00 is trading 9.4% below its estimated GF Value™ of 円498.93.
GuruFocus considers Needs Well to be Fairly Valued.
Key valuation signals for TSE:3992:
PB Ratio: 3.61 (14% above median its 10-year median of 3.17)
GF Value™: 円498.93 vs. price of 円452.00 (9.4% below fair value)
Industry Position: 49.2% above the Software median (#1735 of 2631)
No single metric tells the full story. See the TSE:3992 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Needs Well Inc provides application development, cloud solutions, IT related products and services, system infrastructure service and IT outsourcing services. Its services support to the development of BtoC / BtoB systems, digital marketing related system, business system, and CMS using web technology.
91GF Score
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