Vario SecureTSE:4494 +3.98%50 PB Ratio is 0.49 as of Jul. 13, 2026, which is 28% below its 10-year median of 0.68. GuruFocus rates TSE:4494 with a GF Score™ of 50/100 and a GF Value™ of 円760.08 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,631 Software companies, Vario Secure ranks better than 94.64% 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), Vario Secure's share price is 円680.00. Vario Secure's Book Value per Share for the quarter that ended in Feb. 2026 was 円1,387.51. Hence, Vario Secure's PB Ratio of today is 0.49.
Good Sign:
Vario Secure Inc stock PB Ratio (=0.49) is close to 1-year low of 0.47.
The historical rank and industry rank for Vario Secure's PB Ratio or its related term are showing as below:
TSE:4494'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.68 Max: 2.18
Current: 0.49
During the past 9 years, Vario Secure's highest PB Ratio was 2.18. The lowest was 0.43. And the median was 0.68.
TSE:4494's PB Ratio is ranked better than 94.64% of 2631
companies
in the Software industry
Industry Median: 2.41
vs TSE:4494: 0.49
During the past 12 months, Vario Secure's average Book Value Per Share Growth Rate was 6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Vario Secure was 23.10% per year. The lowest was 4.60% per year. And the median was 7.30% 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.
Vario Secure PB Ratio Related Terms
Vario Secure PB Ratio Historical Data
* Premium members only.
The historical data trend for Vario Secure'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, Vario Secure'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.
Vario Secure PB Ratio vs Software Industry
For the Software industry and Technology sector, Vario Secure's PB Ratio distribution charts can be found below:
* The bar in red indicates where Vario Secure'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.
Vario Secure'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.
Vario Secure (TSE:4494) has a PB Ratio of 0.49 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 Vario Secure and its competitors. This is 28% below median its historical median of 0.68. Over the past decade, Vario Secure's PB Ratio has ranged from 0.43 to 2.18. According to the industry distribution chart, Vario Secure ranks #141 out of 2631 companies in the Software industry, placing it in the top 5.4%.
Is Vario Secure's PB Ratio too high?
Vario Secure's current PB Ratio of 0.49 is 28% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 2.18. The Software industry median PB Ratio is 2.41. Vario Secure's value of 0.49 is 79.7% below this industry median. Based on the distribution chart, Vario Secure ranks #141 out of 2631 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Vario Secure has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vario Secure's PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Vario Secure ranks #141 out of 2631 companies for PB Ratio. This places Vario Secure in the top 5% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.41. Vario Secure's value of 0.49 is 79.7% below this benchmark. Historically, Vario Secure's own PB Ratio has ranged from 0.43 to 2.18 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 2.41, Vario Secure 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 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. Vario Secure's current PB Ratio of 0.49 is 79.7% 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 Vario Secure 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. Vario Secure's current PB Ratio is 0.49, which is 28% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vario Secure stock overvalued right now?
Based on GuruFocus' analysis, Vario Secure (TSE:4494) is currently considered Modestly Undervalued. The stock's GF Value™ is 円760.08, compared to a current price of 円680.00 — trading 10.5% below its estimated fair value. The current PB Ratio is 0.49, which is 28% below median its 10-year median of 0.68 and 79.7% below the Software industry median of 2.41. Vario Secure's overall GF Score™ is 50/100 with 5 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 Vario Secure (TSE:4494), the current PB Ratio is 0.49 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 Vario Secure (TSE:4494) Overvalued in 2026?
Based on GuruFocus' analysis, Vario Secure stock appears to be undervalued.
The current stock price of 円680.00 is trading 10.5% below its estimated GF Value™ of 円760.08.
GuruFocus considers Vario Secure to be Modestly Undervalued.
Key valuation signals for TSE:4494:
PB Ratio: 0.49 (28% below median its 10-year median of 0.68)
GF Value™: 円760.08 vs. price of 円680.00 (10.5% below fair value)
Industry Position: 79.7% below the Software median (#141 of 2631)
No single metric tells the full story. See the TSE:4494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vario Secure Inc is engaged in providing internet security services that protect the network environment of enterprises from various threats arising from internet usage, by utilizing its in-house developed security instruments and operating system. The company provides one-stop security services, from installation and implementation to operation, monitoring, and support, for small and medium-sized enterprises that struggle to spare dedicated personnel for IT issues, which are becoming increasingly sophisticated and complicated daily. The Company operates in a single segment, the Internet security services business.
50GF Score
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