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.
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.
Japan Process Development Co Ltd stock PB Ratio (=1.66) is close to 10-year high of 1.76.
The historical rank and industry rank for Japan Process Development Co's PB Ratio or its related term are showing as below:
TSE:9651'
s PB Ratio Range Over the Past 10 Years
Min: 0.57 Med: 0.84 Max: 1.76
Current: 1.63
During the past 13 years, Japan Process Development Co's highest PB Ratio was 1.76. The lowest was 0.57. And the median was 0.84.
TSE:9651's PB Ratio is ranked better than 66.82% of 2634
companies
in the Software industry
Industry Median: 2.36
vs TSE:9651: 1.63
During the past 12 months, Japan Process Development Co's average Book Value Per Share Growth Rate was 3.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Japan Process Development Co was 4.90% per year. The lowest was -1.70% per year. And the median was 2.90% per year.
Back to Basics: PB Ratio
Japan Process Development Co (TSE:9651) 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.
Japan Process Development Co PB Ratio Related Terms
Japan Process 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 Software - Application subindustry, Japan Process 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.
Japan Process Development Co PB Ratio vs Software Industry
For the Software industry and Technology sector, Japan Process Development Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Japan Process Development 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.
Japan Process Development Co (TSE:9651) has a PB Ratio of 1.63 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Japan Process Development Co and its competitors. This is 94% above median its historical median of 0.84. Over the past decade, Japan Process Development Co's PB Ratio has ranged from 0.57 to 1.76. According to the industry distribution chart, Japan Process Development Co ranks #874 out of 2634 companies in the Software industry, placing it in the top 33.2%.
Is Japan Process Development Co's PB Ratio too high?
Japan Process Development Co's current PB Ratio of 1.63 is 94% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.76. The Software industry median PB Ratio is 2.36. Japan Process Development Co's value of 1.63 is 30.9% below this industry median. Based on the distribution chart, Japan Process Development Co ranks #874 out of 2634 companies in the Software industry, which is above the industry midpoint. Overall, Japan Process Development Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Process Development Co's PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Japan Process Development Co ranks #874 out of 2634 companies for PB Ratio. This puts Japan Process Development Co in the upper half of its industry. The industry median PB Ratio is 2.36. Japan Process Development Co's value of 1.63 is 30.9% below this benchmark. Historically, Japan Process Development Co's own PB Ratio has ranged from 0.57 to 1.76 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 2.36, Japan Process Development 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 Software company?
The median PB Ratio among Software companies is 2.36, based on 2,634 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. Japan Process Development Co's current PB Ratio of 1.63 is 30.9% 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 Japan Process Development Co and its competitors. For the Software industry, the median PB Ratio is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Process Development Co's current PB Ratio is 1.63, which is 94% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Process Development Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Process Development Co (TSE:9651) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,283.15, compared to a current price of 円1,950.00 — trading 52% above its estimated fair value. The current PB Ratio is 1.63, which is 94% above median its 10-year median of 0.84 and 30.9% below the Software industry median of 2.36. Japan Process Development Co's overall GF Score™ is 82/100 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 Japan Process Development Co (TSE:9651), the current PB Ratio is 1.63 as of Jul. 23, 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 Japan Process Development Co (TSE:9651) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Process Development Co stock appears to be overvalued.
The current stock price of 円1,950.00 is trading 52% above its estimated GF Value™ of 円1,283.15.
GuruFocus considers Japan Process Development Co to be Significantly Overvalued.
Key valuation signals for TSE:9651:
PB Ratio: 1.63 (94% above median its 10-year median of 0.84)
GF Value™: 円1,283.15 vs. price of 円1,950.00 (52% above fair value)
Industry Position: 30.9% below the Software median (#874 of 2634)
No single metric tells the full story. See the TSE:9651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Process Development Co Ltd is a Japan based system integration and software development company. It is involved in the control system business, automotive system business, specific information system business, embedded systems business, IT service business and others.
82GF Score
Get the complete analysis for TSE:9651
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9651 has been successfully added to your 
