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TSE:6040'
s PB Ratio Range Over the Past 10 Years
Min: 1.58 Med: 2.65 Max: 3.97
Current: 2.67
During the past 12 years, Nippon Ski Resort Development Co's highest PB Ratio was 3.97. The lowest was 1.58. And the median was 2.65.
TSE:6040's PB Ratio is ranked worse than 72.1% of 792
companies
in the Travel & Leisure industry
Industry Median: 1.49
vs TSE:6040: 2.67
During the past 12 months, Nippon Ski Resort Development Co's average Book Value Per Share Growth Rate was 16.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.00% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Nippon Ski Resort Development Co was 23.50% per year. The lowest was -4.00% per year. And the median was 6.60% per year.
Back to Basics: PB Ratio
Nippon Ski Resort Development Co (TSE:6040) PB Ratio Explanation
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.
Nippon Ski Resort Development Co PB Ratio Related Terms
Nippon Ski Resort Development Co PB Ratio Historical Data
* 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 Resorts & Casinos subindustry, Nippon Ski Resort Development 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.
Nippon Ski Resort Development Co PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Nippon Ski Resort Development Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nippon Ski Resort Development Co's PB Ratio falls into.
Nippon Ski Resort Development 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.
* 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.
Nippon Ski Resort Development Co (TSE:6040) has a PB Ratio of 2.67 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nippon Ski Resort Development Co and its competitors. This is near median its historical median of 2.65. Over the past decade, Nippon Ski Resort Development Co's PB Ratio has ranged from 1.58 to 3.97. According to the industry distribution chart, Nippon Ski Resort Development Co ranks #571 out of 792 companies in the Travel & Leisure industry, placing it in the top 72.1%.
Is Nippon Ski Resort Development Co's PB Ratio too high?
Nippon Ski Resort Development Co's current PB Ratio of 2.67 is near median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 3.97. The Travel & Leisure industry median PB Ratio is 1.49. Nippon Ski Resort Development Co's value of 2.67 is 79.2% above this industry median. Based on the distribution chart, Nippon Ski Resort Development Co ranks #571 out of 792 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Nippon Ski Resort Development 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 Nippon Ski Resort Development Co's PB Ratio compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Nippon Ski Resort Development Co ranks #571 out of 792 companies for PB Ratio. This places Nippon Ski Resort Development Co in the lower half of its industry. The industry median PB Ratio is 1.49. Nippon Ski Resort Development Co's value of 2.67 is 79.2% above this benchmark. Historically, Nippon Ski Resort Development Co's own PB Ratio has ranged from 1.58 to 3.97 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 1.49, Nippon Ski Resort Development 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.49, based on 792 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. Nippon Ski Resort Development Co's current PB Ratio of 2.67 is 79.2% 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 Nippon Ski Resort Development Co and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Ski Resort Development Co's current PB Ratio is 2.67, which is near median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Ski Resort Development Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Ski Resort Development Co (TSE:6040) is currently considered Modestly Undervalued. The stock's GF Value™ is 円565.28, compared to a current price of 円503.00 — trading 11% below its estimated fair value. The current PB Ratio is 2.67, which is near median its 10-year median of 2.65 and 79.2% above the Travel & Leisure industry median of 1.49. Nippon Ski Resort Development Co's overall GF Score™ is 79/100 with 3 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 Nippon Ski Resort Development Co (TSE:6040), the current PB Ratio is 2.67 as of Jul. 15, 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 Nippon Ski Resort Development Co (TSE:6040) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Ski Resort Development Co stock appears to be undervalued.
The current stock price of 円503.00 is trading 11% below its estimated GF Value™ of 円565.28.
GuruFocus considers Nippon Ski Resort Development Co to be Modestly Undervalued.
Key valuation signals for TSE:6040:
PB Ratio: 2.67 (near median its 10-year median of 2.65)
GF Value™: 円565.28 vs. price of 円503.00 (11% below fair value)
Industry Position: 79.2% above the Travel & Leisure median (#571 of 792)
No single metric tells the full story. See the TSE:6040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Ski Resort Development Co Business Description
Nippon Ski Resort Development Co Ltd engages in the management and operation of ski resorts, and relevant facilities and services. It also provides consulting and advisory services on ski resorts, including technical support, business support, rental business support, and other services.
79GF Score
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