TBS Holdings (TSE:9401) PE Ratio: 19.05 (As of Jul. 27, 2026) — 28% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:9401 TBS Holdings Inc TSE:9401
82 GF Score
Price 円6,315.00
GF Value 円4,698.58
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is TBS Holdings PE Ratio?

TBS Holdings TSE:9401 +3.51% 82 PE Ratio is 19.05 as of Jul. 27, 2026, which is 28% above its 10-year median of 14.92. GuruFocus rates TSE:9401 with a GF Score™ of 82/100 and a GF Value™ of 円4,698.58 (Significantly Overvalued). The stock has 7 warning signs investors should review.

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2026-07-27), TBS Holdings's share price is 円6315.00. TBS Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円331.42. Therefore, TBS Holdings's PE Ratio for today is 19.05.

Warning Sign:

TBS Holdings Inc stock PE Ratio (=18.41) is close to 2-year high of 19.25.

During the past 13 years, TBS Holdings's highest PE Ratio was 26.52. The lowest was 6.20. And the median was 14.92.

TBS Holdings's EPS (Diluted) for the three months ended in Mar. 2026 was 円-21.52. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was 円331.42.

As of today (2026-07-27), TBS Holdings's share price is 円6315.00. TBS Holdings's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was 円151.68. Therefore, TBS Holdings's PE Ratio without NRI ratio for today is 41.63.

During the past 13 years, TBS Holdings's highest PE Ratio without NRI was 44.26. The lowest was 12.57. And the median was 21.54.

TBS Holdings's EPS without NRI for the three months ended in Mar. 2026 was 円-8.33. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was 円151.68.

During the past 12 months, TBS Holdings's average EPS without NRI Growth Rate was 27.70% per year. During the past 3 years, the average EPS without NRI Growth Rate was 4.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 10.30% per year. During the past 10 years, the average EPS without NRI Growth Rate was 4.80% per year.

During the past 13 years, TBS Holdings's highest 3-Year average EPS without NRI Growth Rate was 56.70% per year. The lowest was -30.70% per year. And the median was 5.60% per year.

TBS Holdings's EPS (Basic) for the three months ended in Mar. 2026 was 円-21.52. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was 円331.42.

Back to Basics: PE Ratio


TBS Holdings  (TSE:9401) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


TBS Holdings PE Ratio Related Terms


TBS Holdings PE Ratio Historical Data

* Premium members only.

The historical data trend for TBS Holdings's PE 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.

TBS Holdings PE Ratio Chart

TBS Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.54 9.13 18.83 15.62 16.87

TBS Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PE 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 15.62 17.16 15.96 16.29 16.87

TSE:9401 vs NXST: PE Ratio Comparison

For the Broadcasting subindustry, TBS Holdings's PE Ratio, along with its competitors' market caps and PE 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.


TBS Holdings PE Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TBS Holdings's PE Ratio distribution charts can be found below:

* The bar in red indicates where TBS Holdings's PE Ratio falls into.


TSE:9401
82GF Score
TBS Holdings Inc TSE:9401
PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TBS Holdings PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

TBS Holdings's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=6315.00/331.420
=19.05

TBS Holdings's Share Price of today is 円6315.00.
TBS Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円331.42.


* 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:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.

Frequently Asked Questions Learn more about PE Ratio →
What does a PE Ratio of 19.05 mean?
TBS Holdings (TSE:9401) has a PE Ratio of 19.05 as of Jul. 27, 2026. P/E ratio is the ratio of share price to a company's earnings per share. View historical data on TBS Holdings and its competitors. This is 28% above median its historical median of 14.92. Over the past decade, TBS Holdings' PE Ratio has ranged from 6.20 to 26.52.
Is TBS Holdings' PE Ratio too high?
TBS Holdings' current PE Ratio of 19.05 is 28% above median its 10-year median of 14.92. Over the past 10 years, this metric has ranged from a low of 6.20 to a high of 26.52. Overall, TBS Holdings has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TBS Holdings' PE Ratio compare to NXST?
TBS Holdings' PE Ratio of 19.05 can be compared against companies in the Media - Diversified industry. Historically, TBS Holdings' own PE Ratio has ranged from 6.20 to 26.52 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio for a Media - Diversified company?
A good PE Ratio depends on the Media - Diversified industry context. However, PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio mean?
A high PE Ratio can signal that a stock is expensive relative to its fundamentals. P/E ratio is the ratio of share price to a company's earnings per share. View historical data on TBS Holdings and its competitors. TBS Holdings's current PE Ratio is 19.05, which is 28% above median its own 10-year median of 14.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBS Holdings stock overvalued right now?
Based on GuruFocus' analysis, TBS Holdings (TSE:9401) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4,698.58, compared to a current price of 円6,315.00 — trading 34.4% above its estimated fair value. The current PE Ratio is 19.05, which is 28% above median its 10-year median of 14.92. TBS Holdings' overall GF Score™ is 82/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio calculated?
PE Ratio is calculated from a company's financial statements. For TBS Holdings (TSE:9401), the current PE Ratio is 19.05 as of Jul. 27, 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 TBS Holdings (TSE:9401) Overvalued in 2026?

Based on GuruFocus' analysis, TBS Holdings stock appears to be overvalued. The current stock price of 円6,315.00 is trading 34.4% above its estimated GF Value™ of 円4,698.58. GuruFocus considers TBS Holdings to be Significantly Overvalued.

Key valuation signals for TSE:9401:

  • PE Ratio: 19.05 (28% above median its 10-year median of 14.92)
  • GF Value™: 円4,698.58 vs. price of 円6,315.00 (34.4% above fair value)
  • GF Score™: 82/100 with 7 warning signs

No single metric tells the full story. See the TSE:9401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TBS Holdings Business Description

Address 5-3-6 Akasaka, Minato-ku, Tokyo, JPN, 107-8006
TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.
82GF Score

Get the complete analysis for TSE:9401

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

円6,315.00
Price
円4,698.58
GF Value