ITOCHU (WBO:IOC) PB Ratio: 1.94 (As of Jun. 24, 2026) — 52% Above Median


WBO:IOC ITOCHU Corp WBO:IOC
79 GF Score
Price €9.95
GF Value €8.52
Valuation Modestly Overvalued
! 4 Warning Signs
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What is ITOCHU PB Ratio?

ITOCHU WBO:IOC -0.06% 79 PB Ratio is 1.94 as of Jun. 24, 2026, which is 52% above its 10-year median of 1.28. GuruFocus rates WBO:IOC with a GF Score™ of 79/100 and a GF Value™ of €8.52 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 545 Conglomerates companies, ITOCHU ranks worse than 73.39% 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 (2026-06-24), ITOCHU's share price is €9.952. ITOCHU's Book Value per Share for the quarter that ended in Mar. 2026 was €5.14. Hence, ITOCHU's PB Ratio of today is 1.94.

Good Sign:

ITOCHU Corp stock PB Ratio (=1.94) is close to 1-year low of 1.85.

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

WBO:IOC' s PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.28   Max: 2.52
Current: 1.94

During the past 13 years, ITOCHU's highest PB Ratio was 2.52. The lowest was 0.88. And the median was 1.28.

WBO:IOC's PB Ratio is ranked worse than
73.39% of 545 companies
in the Conglomerates industry
Industry Median: 1.04 vs WBO:IOC: 1.94

During the past 12 months, ITOCHU's average Book Value Per Share Growth Rate was 16.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 15.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 13.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of ITOCHU was 28.40% per year. The lowest was -51.30% per year. And the median was 9.35% per year.

Back to Basics: PB Ratio


ITOCHU  (WBO:IOC) 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.


ITOCHU PB Ratio Related Terms


ITOCHU PB Ratio Historical Data

* Premium members only.

The historical data trend for ITOCHU'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.

ITOCHU PB Ratio Chart

ITOCHU 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 1.41 1.29 1.72 1.69 2.14

ITOCHU Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.69 1.83 1.97 2.20 2.14

WBO:IOC vs HON, MMM: PB Ratio Comparison

For the Conglomerates subindustry, ITOCHU'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.


ITOCHU PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, ITOCHU's PB Ratio distribution charts can be found below:

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


WBO:IOC
79GF Score
ITOCHU Corp WBO:IOC
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ITOCHU 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.

ITOCHU's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=9.952/5.139
=1.94

* 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 1.94 mean?
ITOCHU (WBO:IOC) has a PB Ratio of 1.94 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ITOCHU and its competitors. This is 52% above median its historical median of 1.28. Over the past decade, ITOCHU's PB Ratio has ranged from 0.88 to 2.52. According to the industry distribution chart, ITOCHU ranks #400 out of 545 companies in the Conglomerates industry, placing it in the top 73.4%.
Is ITOCHU's PB Ratio too high?
ITOCHU's current PB Ratio of 1.94 is 52% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.52. The Conglomerates industry median PB Ratio is 1.04. ITOCHU's value of 1.94 is 86.5% above this industry median. Based on the distribution chart, ITOCHU ranks #400 out of 545 companies in the Conglomerates industry, which is below the industry midpoint. Overall, ITOCHU has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ITOCHU's PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, ITOCHU ranks #400 out of 545 companies for PB Ratio. This places ITOCHU in the lower half of its industry. The industry median PB Ratio is 1.04. ITOCHU's value of 1.94 is 86.5% above this benchmark. Historically, ITOCHU's own PB Ratio has ranged from 0.88 to 2.52 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.04, ITOCHU 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 Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.04, based on 545 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. ITOCHU's current PB Ratio of 1.94 is 86.5% 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 ITOCHU and its competitors. For the Conglomerates industry, the median PB Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITOCHU's current PB Ratio is 1.94, which is 52% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITOCHU stock overvalued right now?
Based on GuruFocus' analysis, ITOCHU (WBO:IOC) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.52, compared to a current price of €9.95 — trading 16.8% above its estimated fair value. The current PB Ratio is 1.94, which is 52% above median its 10-year median of 1.28 and 86.5% above the Conglomerates industry median of 1.04. ITOCHU's overall GF Score™ is 79/100 with 4 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 ITOCHU (WBO:IOC), the current PB Ratio is 1.94 as of Jun. 24, 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 ITOCHU (WBO:IOC) Overvalued in 2026?

Based on GuruFocus' analysis, ITOCHU stock appears to be overvalued. The current stock price of €9.95 is trading 16.8% above its estimated GF Value™ of €8.52. GuruFocus considers ITOCHU to be Modestly Overvalued.

Key valuation signals for WBO:IOC:

  • PB Ratio: 1.94 (52% above median its 10-year median of 1.28)
  • GF Value™: €8.52 vs. price of €9.95 (16.8% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 86.5% above the Conglomerates median (#400 of 545)

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


ITOCHU Business Description

Address 5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077
Itochu is a general trading house, or sogo shosha, a conglomerate type unique to Japan. The primary driver for sogo shoshas is trading and intermediation between businesses and leveraging their wide domestic and global information and contact networks to extract value. Itochu has historical roots as a textile trader, but over the years has expanded its portfolio from upstream minerals production, to midstream industrial machinery, food processing, and information and communication technology, and all the way to downstream textiles, convenience stores (Family Mart) and realty. Among the Big Five sogo shoshas, Itochu has the highest exposure to the nonresources businesses, and to the domestic business. It continues to skew its future investments toward the downstream and consumer businesses.
79GF Score

Get the complete analysis for WBO:IOC

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

€9.95
Price
€8.52
GF Value