Noevir Holdings Co (TSE:4928) PB Ratio: 3.21 (As of Jul. 21, 2026) — 12% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4928 Noevir Holdings Co Ltd TSE:4928
79 GF Score
Price 円4,585.00
GF Value 円5,265.32
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Noevir Holdings Co PB Ratio?

Noevir Holdings Co TSE:4928 -0.43% 79 PB Ratio is 3.21 as of Jul. 21, 2026, which is 12% below its 10-year median of 3.64. GuruFocus rates TSE:4928 with a GF Score™ of 79/100 and a GF Value™ of 円5,265.32 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,902 Consumer Packaged Goods companies, Noevir Holdings Co ranks worse than 82.18% 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 (2026-07-21), Noevir Holdings Co's share price is 円4585.00. Noevir Holdings Co's Book Value per Share for the quarter that ended in Dec. 2025 was 円1,430.55. Hence, Noevir Holdings Co's PB Ratio of today is 3.21.

The historical rank and industry rank for Noevir Holdings Co's PB Ratio or its related term are showing as below:

TSE:4928' s PB Ratio Range Over the Past 10 Years
Min: 1.95   Med: 3.64   Max: 6.81
Current: 3.21

During the past 13 years, Noevir Holdings Co's highest PB Ratio was 6.81. The lowest was 1.95. And the median was 3.64.

TSE:4928's PB Ratio is ranked worse than
82.18% of 1902 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs TSE:4928: 3.21

During the past 12 months, Noevir Holdings Co's average Book Value Per Share Growth Rate was 1.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -0.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Noevir Holdings Co was 6.20% per year. The lowest was -3.00% per year. And the median was 1.00% per year.

Back to Basics: PB Ratio


Noevir Holdings Co  (TSE:4928) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Noevir Holdings Co PB Ratio Related Terms


Noevir Holdings Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Noevir Holdings Co'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.

Noevir Holdings Co PB Ratio Chart

Noevir Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.51 3.73 3.42 3.30 2.84

Noevir Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.02 2.97 2.84 3.30 3.16

TSE:4928 vs PG, CL, KVUE: PB Ratio Comparison

For the Household & Personal Products subindustry, Noevir Holdings Co'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.


Noevir Holdings Co PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Noevir Holdings Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Noevir Holdings Co's PB Ratio falls into.


TSE:4928
79GF Score
Noevir Holdings Co Ltd TSE:4928
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noevir Holdings Co PB Ratio Calculation

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.

Noevir Holdings Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=4585.00/1430.554
=3.21

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 3.21 mean?
Noevir Holdings Co (TSE:4928) has a PB Ratio of 3.21 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Noevir Holdings Co and its competitors. This is 12% below median its historical median of 3.64. Over the past decade, Noevir Holdings Co's PB Ratio has ranged from 1.95 to 6.81. According to the industry distribution chart, Noevir Holdings Co ranks #1563 out of 1902 companies in the Consumer Packaged Goods industry, placing it in the top 82.2%.
Is Noevir Holdings Co's PB Ratio too high?
Noevir Holdings Co's current PB Ratio of 3.21 is 12% below median its 10-year median of 3.64. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 6.81. The Consumer Packaged Goods industry median PB Ratio is 1.34. Noevir Holdings Co's value of 3.21 is 139.6% above this industry median. Based on the distribution chart, Noevir Holdings Co ranks #1563 out of 1902 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Noevir Holdings Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Noevir Holdings Co's PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Noevir Holdings Co ranks #1563 out of 1902 companies for PB Ratio. This places Noevir Holdings Co in the lower half of its industry. The industry median PB Ratio is 1.34. Noevir Holdings Co's value of 3.21 is 139.6% above this benchmark. Historically, Noevir Holdings Co's own PB Ratio has ranged from 1.95 to 6.81 over the past decade. While the company's 10-year median is 3.64 vs. the industry median of 1.34, Noevir Holdings Co 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 Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.34, based on 1,902 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. Noevir Holdings Co's current PB Ratio of 3.21 is 139.6% 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 Noevir Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noevir Holdings Co's current PB Ratio is 3.21, which is 12% below median its own 10-year median of 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noevir Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Noevir Holdings Co (TSE:4928) is currently considered Modestly Undervalued. The stock's GF Value™ is 円5,265.32, compared to a current price of 円4,585.00 — trading 12.9% below its estimated fair value. The current PB Ratio is 3.21, which is 12% below median its 10-year median of 3.64 and 139.6% above the Consumer Packaged Goods industry median of 1.34. Noevir Holdings Co's overall GF Score™ is 79/100 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 Noevir Holdings Co (TSE:4928), the current PB Ratio is 3.21 as of Jul. 21, 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 Noevir Holdings Co (TSE:4928) Overvalued in 2026?

Based on GuruFocus' analysis, Noevir Holdings Co stock appears to be undervalued. The current stock price of 円4,585.00 is trading 12.9% below its estimated GF Value™ of 円5,265.32. GuruFocus considers Noevir Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:4928:

  • PB Ratio: 3.21 (12% below median its 10-year median of 3.64)
  • GF Value™: 円5,265.32 vs. price of 円4,585.00 (12.9% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 139.6% above the Consumer Packaged Goods median (#1563 of 1902)

No single metric tells the full story. See the TSE:4928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Noevir Holdings Co Business Description

Address 13-1, Minatojima Nakamachi 6-chome, Chuo-ku, Kobe, JPN, 650-8521
Noevir Holdings Co Ltd is a Japan-based company that is principally engaged in two businesses: cosmetics and pharmaceuticals and health food. The cosmetics business produces and offers skincare and makeup products under a number of brands, like Noevir, NOV, and Sana. The pharmaceuticals and health food business develops, produces, and sells a broad range-of-products, including Nanten Nodo Ame cough drops, functional drinks, and other over-the-counter pharmaceuticals, such as cold remedies and eye drops, and health food products as well. These two businesses jointly contribute the majority of the company's revenue. The company also operates apparel and aircraft sales and leasing. The company has a presence in many countries across the world and focuses on developing Asian markets.
79GF Score

Get the complete analysis for TSE:4928

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,585.00
Price
円5,265.32
GF Value