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Harada Industry CoTSE:6904 +0.45%64 PB Ratio is 0.70 as of Aug. 11, 2026, which is 48% below its 10-year median of 1.35. GuruFocus rates TSE:6904 with a GF Score™ of 64/100 and a GF Value™ of 円507.82 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,417 Hardware companies, Harada Industry Co ranks better than 87.59% on this metric.
Harada Industry Co Ltd stock PB Ratio (=0.69) is close to 5-year low of 0.66.
The historical rank and industry rank for Harada Industry Co's PB Ratio or its related term are showing as below:
TSE:6904'
s PB Ratio Range Over the Past 10 Years
Min: 0.36 Med: 1.35 Max: 2.16
Current: 0.69
During the past 13 years, Harada Industry Co's highest PB Ratio was 2.16. The lowest was 0.36. And the median was 1.35.
TSE:6904's PB Ratio is ranked better than 87.59% of 2417
companies
in the Hardware industry
Industry Median: 2.32
vs TSE:6904: 0.69
During the past 12 months, Harada Industry Co's average Book Value Per Share Growth Rate was 2.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Harada Industry Co was 18.80% per year. The lowest was -9.50% per year. And the median was 1.85% 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.
Harada Industry Co PB Ratio Related Terms
Harada Industry Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Harada Industry 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.
For the Communication Equipment subindustry, Harada Industry 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.
Harada Industry Co PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Harada Industry Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harada Industry Co'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.
* 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.
Harada Industry Co (TSE:6904) has a PB Ratio of 0.70 as of Aug. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harada Industry Co and its competitors. This is 48% below median its historical median of 1.35. Over the past decade, Harada Industry Co's PB Ratio has ranged from 0.36 to 2.16. According to the industry distribution chart, Harada Industry Co ranks #300 out of 2417 companies in the Hardware industry, placing it in the top 12.4%.
Is Harada Industry Co's PB Ratio too high?
Harada Industry Co's current PB Ratio of 0.70 is 48% below median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.16. The Hardware industry median PB Ratio is 2.32. Harada Industry Co's value of 0.70 is 69.8% below this industry median. Based on the distribution chart, Harada Industry Co ranks #300 out of 2417 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Harada Industry Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harada Industry Co's PB Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Harada Industry Co ranks #300 out of 2417 companies for PB Ratio. This places Harada Industry Co in the top 12% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.32. Harada Industry Co's value of 0.70 is 69.8% below this benchmark. Historically, Harada Industry Co's own PB Ratio has ranged from 0.36 to 2.16 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 2.32, Harada Industry Co 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 2.32, based on 2,417 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. Harada Industry Co's current PB Ratio of 0.70 is 69.8% 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 Harada Industry Co and its competitors. For the Hardware industry, the median PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harada Industry Co's current PB Ratio is 0.70, which is 48% below median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harada Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Harada Industry Co (TSE:6904) is currently considered Modestly Undervalued. The stock's GF Value™ is 円507.82, compared to a current price of 円451.00 — trading 11.2% below its estimated fair value. The current PB Ratio is 0.70, which is 48% below median its 10-year median of 1.35 and 69.8% below the Hardware industry median of 2.32. Harada Industry Co's overall GF Score™ is 64/100 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 Harada Industry Co (TSE:6904), the current PB Ratio is 0.70 as of Aug. 11, 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 Harada Industry Co (TSE:6904) Overvalued in 2026?
Based on GuruFocus' analysis, Harada Industry Co stock appears to be undervalued.
The current stock price of 円451.00 is trading 11.2% below its estimated GF Value™ of 円507.82.
GuruFocus considers Harada Industry Co to be Modestly Undervalued.
Key valuation signals for TSE:6904:
PB Ratio: 0.70 (48% below median its 10-year median of 1.35)
GF Value™: 円507.82 vs. price of 円451.00 (11.2% below fair value)
Industry Position: 69.8% below the Hardware median (#300 of 2417)
No single metric tells the full story. See the TSE:6904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harada Industry Co Ltd manufactures and sells automotive antennas, wireless and data communications antennas, mobile device antennas, actuators, and various automotive parts, electronic devices, and components. It manufactures antennas for radio, GPS, telephone, DSRC, ETC, television. It also provides cables, such as copper clad aluminum, coaxial, and shielded twisted pair cables, as well as connectors.
64GF Score
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