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ESPECTSE:6859 -2.45%90 PB Ratio is 1.39 as of Jul. 18, 2026, which is 30% above its 10-year median of 1.07. GuruFocus rates TSE:6859 with a GF Score™ of 90/100 and a GF Value™ of 円3,177.58 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,419 Hardware companies, ESPEC ranks better than 68.21% 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 (2026-07-18), ESPEC's share price is 円3980.00. ESPEC's Book Value per Share for the quarter that ended in Mar. 2026 was 円2,873.32. Hence, ESPEC's PB Ratio of today is 1.39.
The historical rank and industry rank for ESPEC's PB Ratio or its related term are showing as below:
TSE:6859'
s PB Ratio Range Over the Past 10 Years
Min: 0.75 Med: 1.07 Max: 1.74
Current: 1.39
During the past 13 years, ESPEC's highest PB Ratio was 1.74. The lowest was 0.75. And the median was 1.07.
TSE:6859's PB Ratio is ranked better than 68.21% of 2419
companies
in the Hardware industry
Industry Median: 2.25
vs TSE:6859: 1.39
During the past 12 months, ESPEC's average Book Value Per Share Growth Rate was 10.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of ESPEC was 10.10% per year. The lowest was -3.60% per year. And the median was 5.15% 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.
ESPEC PB Ratio Related Terms
ESPEC PB Ratio Historical Data
* Premium members only.
The historical data trend for ESPEC'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 Scientific & Technical Instruments subindustry, ESPEC'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.
ESPEC PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, ESPEC's PB Ratio distribution charts can be found below:
* The bar in red indicates where ESPEC'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.
ESPEC'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.
ESPEC (TSE:6859) has a PB Ratio of 1.39 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ESPEC and its competitors. This is 30% above median its historical median of 1.07. Over the past decade, ESPEC's PB Ratio has ranged from 0.75 to 1.74. According to the industry distribution chart, ESPEC ranks #769 out of 2419 companies in the Hardware industry, placing it in the top 31.8%.
Is ESPEC's PB Ratio too high?
ESPEC's current PB Ratio of 1.39 is 30% above median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.74. The Hardware industry median PB Ratio is 2.25. ESPEC's value of 1.39 is 38.2% below this industry median. Based on the distribution chart, ESPEC ranks #769 out of 2419 companies in the Hardware industry, which is above the industry midpoint. Overall, ESPEC has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ESPEC's PB Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, ESPEC ranks #769 out of 2419 companies for PB Ratio. This puts ESPEC in the upper half of its industry. The industry median PB Ratio is 2.25. ESPEC's value of 1.39 is 38.2% below this benchmark. Historically, ESPEC's own PB Ratio has ranged from 0.75 to 1.74 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 2.25, ESPEC 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 Hardware company?
The median PB Ratio among Hardware companies is 2.25, based on 2,419 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. ESPEC's current PB Ratio of 1.39 is 38.2% 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 ESPEC and its competitors. For the Hardware industry, the median PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ESPEC's current PB Ratio is 1.39, which is 30% above median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ESPEC stock overvalued right now?
Based on GuruFocus' analysis, ESPEC (TSE:6859) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,177.58, compared to a current price of 円3,980.00 — trading 25.3% above its estimated fair value. The current PB Ratio is 1.39, which is 30% above median its 10-year median of 1.07 and 38.2% below the Hardware industry median of 2.25. ESPEC's overall GF Score™ is 90/100 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 ESPEC (TSE:6859), the current PB Ratio is 1.39 as of Jul. 18, 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 ESPEC (TSE:6859) Overvalued in 2026?
Based on GuruFocus' analysis, ESPEC stock appears to be overvalued.
The current stock price of 円3,980.00 is trading 25.3% above its estimated GF Value™ of 円3,177.58.
GuruFocus considers ESPEC to be Modestly Overvalued.
Key valuation signals for TSE:6859:
PB Ratio: 1.39 (30% above median its 10-year median of 1.07)
GF Value™: 円3,177.58 vs. price of 円3,980.00 (25.3% above fair value)
Industry Position: 38.2% below the Hardware median (#769 of 2419)
No single metric tells the full story. See the TSE:6859 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ESPEC Corp is a Japanese manufacturer of environmental test chambers. It is engaged in the business divisions of Equipment business, Service business and Other business. In the Equipment business, the company offers environmental test chambers, secondary battery-related equipment, measurement and evaluation systems and semiconductor-related equipment. In the Service business, the entity offers after-sales service and engineering, laboratory testing services and other services. The organization offers its products in Japan and other countries.
90GF Score
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