Forval RealStraight (TSE:9423) PB Ratio: 3.38 (As of Jul. 15, 2026) — 38% Below Median

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TSE:9423 Forval RealStraight Inc TSE:9423
71 GF Score
Price 円104.00
GF Value 円156.23
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Forval RealStraight PB Ratio?

Forval RealStraight TSE:9423 71 PB Ratio is 3.38 as of Jul. 15, 2026, which is 38% below its 10-year median of 5.41. GuruFocus rates TSE:9423 with a GF Score™ of 71/100 and a GF Value™ of 円156.23 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,713 Real Estate companies, Forval RealStraight ranks worse than 91.24% 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 (2026-07-15), Forval RealStraight's share price is 円104.00. Forval RealStraight's Book Value per Share for the quarter that ended in Mar. 2026 was 円30.77. Hence, Forval RealStraight's PB Ratio of today is 3.38.

Good Sign:

Forval RealStraight Inc stock PB Ratio (=3.38) is close to 10-year low of 3.25.

The historical rank and industry rank for Forval RealStraight's PB Ratio or its related term are showing as below:

TSE:9423' s PB Ratio Range Over the Past 10 Years
Min: 3.25   Med: 5.41   Max: 29.9
Current: 3.38

During the past 13 years, Forval RealStraight's highest PB Ratio was 29.90. The lowest was 3.25. And the median was 5.41.

TSE:9423's PB Ratio is ranked worse than
91.24% of 1713 companies
in the Real Estate industry
Industry Median: 0.81 vs TSE:9423: 3.38

During the past 12 months, Forval RealStraight's average Book Value Per Share Growth Rate was 16.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 17.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Forval RealStraight was 187.50% per year. The lowest was -52.30% per year. And the median was 14.40% per year.

Back to Basics: PB Ratio


Forval RealStraight  (TSE:9423) 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.


Forval RealStraight PB Ratio Related Terms


Forval RealStraight PB Ratio Historical Data

* Premium members only.

The historical data trend for Forval RealStraight'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.

Forval RealStraight PB Ratio Chart

Forval RealStraight Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.29 4.54 4.29 4.09 3.38

Forval RealStraight Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.29 4.01 4.09 4.18 3.38

TSE:9423 vs CBRE, BEKE, JLL: PB Ratio Comparison

For the Real Estate Services subindustry, Forval RealStraight'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.


Forval RealStraight PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Forval RealStraight's PB Ratio distribution charts can be found below:

* The bar in red indicates where Forval RealStraight's PB Ratio falls into.


TSE:9423
71GF Score
Forval RealStraight Inc TSE:9423
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forval RealStraight 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.

Forval RealStraight's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=104.00/30.773
=3.38

* 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 3.38 mean?
Forval RealStraight (TSE:9423) has a PB Ratio of 3.38 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 Forval RealStraight and its competitors. This is 38% below median its historical median of 5.41. Over the past decade, Forval RealStraight's PB Ratio has ranged from 3.25 to 29.90. According to the industry distribution chart, Forval RealStraight ranks #1563 out of 1713 companies in the Real Estate industry, placing it in the top 91.2%.
Is Forval RealStraight's PB Ratio too high?
Forval RealStraight's current PB Ratio of 3.38 is 38% below median its 10-year median of 5.41. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 29.90. The Real Estate industry median PB Ratio is 0.81. Forval RealStraight's value of 3.38 is 317.3% above this industry median. Based on the distribution chart, Forval RealStraight ranks #1563 out of 1713 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Forval RealStraight has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forval RealStraight's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Forval RealStraight ranks #1563 out of 1713 companies for PB Ratio. This places Forval RealStraight in the lower half of its industry. The industry median PB Ratio is 0.81. Forval RealStraight's value of 3.38 is 317.3% above this benchmark. Historically, Forval RealStraight's own PB Ratio has ranged from 3.25 to 29.90 over the past decade. While the company's 10-year median is 5.41 vs. the industry median of 0.81, Forval RealStraight 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,713 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. Forval RealStraight's current PB Ratio of 3.38 is 317.3% 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 Forval RealStraight and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forval RealStraight's current PB Ratio is 3.38, which is 38% below median its own 10-year median of 5.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forval RealStraight stock overvalued right now?
Based on GuruFocus' analysis, Forval RealStraight (TSE:9423) is currently considered Significantly Undervalued. The stock's GF Value™ is 円156.23, compared to a current price of 円104.00 — trading 33.4% below its estimated fair value. The current PB Ratio is 3.38, which is 38% below median its 10-year median of 5.41 and 317.3% above the Real Estate industry median of 0.81. Forval RealStraight's overall GF Score™ is 71/100 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 Forval RealStraight (TSE:9423), the current PB Ratio is 3.38 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 Forval RealStraight (TSE:9423) Overvalued in 2026?

Based on GuruFocus' analysis, Forval RealStraight stock appears to be undervalued. The current stock price of 円104.00 is trading 33.4% below its estimated GF Value™ of 円156.23. GuruFocus considers Forval RealStraight to be Significantly Undervalued.

Key valuation signals for TSE:9423:

  • PB Ratio: 3.38 (38% below median its 10-year median of 5.41)
  • GF Value™: 円156.23 vs. price of 円104.00 (33.4% below fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 317.3% above the Real Estate median (#1563 of 1713)

No single metric tells the full story. See the TSE:9423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forval RealStraight Business Description

Address 3-23-2 Kanda Jinbocho, Kinmei Building 4th Floor, Chiyoda-ku, Tokyo, JPN, 101-0051
Forval RealStraight Inc is a real estate service provider. The business of the company includes real estate brokerage, office relocation support services, and sales of OA communication equipment.
71GF Score

Get the complete analysis for TSE:9423

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

円104.00
Price
円156.23
GF Value