FREKF (Freee KK) Price-to-Tangible-Book: 14.09 (As of Aug. 23, 2026) — 62% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FREKF Freee KK FREKF
68 GF Score
Price $20.78
GF Value $28.91
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Freee KK Price-to-Tangible-Book?

Freee KK FREKF +20.50% 68 Price-to-Tangible-Book is 14.09 as of Aug. 23, 2026, which is 62% above its 10-year median of 8.70. GuruFocus rates FREKF with a GF Score™ of 68/100 and a GF Value™ of $28.91 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,196 Software companies, Freee KK ranks worse than 89.48% on this metric.

As of today (2026-08-23), Freee KK's share price is $20.78. Freee KK's Tangible Book per Share of Mar. 2026 for the quarter that ended in Mar. 2026 was $1.48. Hence, Freee KK's Price to Tangible Book Ratio of today is 14.09.

The historical rank and industry rank for Freee KK's Price-to-Tangible-Book or its related term are showing as below:

FREKF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.1   Med: 8.7   Max: 18.04
Current: 16.49

During the past 8 years, Freee KK's highest Price to Tangible Book Ratio was 18.04. The lowest was 5.10. And the median was 8.70.

FREKF's Price-to-Tangible-Book is ranked worse than
89.48% of 2196 companies
in the Software industry
Industry Median: 3.3 vs FREKF: 16.49

A closely related ratio is called PB Ratio. As of today, Freee KK's share price is $20.78. Freee KK's Book Value per Sharefor the quarter that ended in Mar. 2026 was $2.16. Hence, Freee KK's P/B Ratio of today is 9.60.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


Freee KK Price-to-Tangible-Book Related Terms


Freee KK Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Freee KK's Price-to-Tangible-Book 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.

Freee KK Price-to-Tangible-Book Chart

Freee KK Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Price-to-Tangible-Book
Get a 7-Day Free Trial 5.42 7.40 8.68 12.92 8.30

Freee KK Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Tangible-Book 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 12.92 13.95 11.75 8.76 8.30

FREKF vs QH, SHOP, UBER: Price-to-Tangible-Book Comparison

For the Software - Application subindustry, Freee KK's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.


Freee KK Price-to-Tangible-Book vs Software Industry

For the Software industry and Technology sector, Freee KK's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Freee KK's Price-to-Tangible-Book falls into.


FREKF
68GF Score
Freee KK FREKF
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Freee KK Price-to-Tangible-Book Calculation

Freee KK's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2026 )
=20.78/1.475
=14.09

* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about Price-to-Tangible-Book →
What does a Price-to-Tangible-Book of 14.09 mean?
Freee KK (FREKF) has a Price-to-Tangible-Book of 14.09 as of Aug. 23, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Freee KK and its competitors. This is 62% above median its historical median of 8.70. Over the past decade, Freee KK's Price-to-Tangible-Book has ranged from 5.10 to 18.04. According to the industry distribution chart, Freee KK ranks #1965 out of 2196 companies in the Software industry, placing it in the top 89.5%.
Is Freee KK's Price-to-Tangible-Book too high?
Freee KK's current Price-to-Tangible-Book of 14.09 is 62% above median its 10-year median of 8.70. Over the past 10 years, this metric has ranged from a low of 5.10 to a high of 18.04. The Software industry median Price-to-Tangible-Book is 3.30. Freee KK's value of 14.09 is 327% above this industry median. Based on the distribution chart, Freee KK ranks #1965 out of 2196 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Freee KK has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Freee KK's Price-to-Tangible-Book compare to QH and SHOP?
According to the Software industry distribution chart, Freee KK ranks #1965 out of 2196 companies for Price-to-Tangible-Book. This places Freee KK in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.30. Freee KK's value of 14.09 is 327% above this benchmark. Historically, Freee KK's own Price-to-Tangible-Book has ranged from 5.10 to 18.04 over the past decade. While the company's 10-year median is 8.70 vs. the industry median of 3.30, Freee KK 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 Price-to-Tangible-Book for a Software company?
The median Price-to-Tangible-Book among Software companies is 3.30, based on 2,196 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freee KK's current Price-to-Tangible-Book of 14.09 is 327% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Freee KK and its competitors. For the Software industry, the median Price-to-Tangible-Book is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freee KK's current Price-to-Tangible-Book is 14.09, which is 62% above median its own 10-year median of 8.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freee KK stock overvalued right now?
Based on GuruFocus' analysis, Freee KK (FREKF) is currently considered Modestly Undervalued. The stock's GF Value™ is $28.91, compared to a current price of $20.78 — trading 28.1% below its estimated fair value. The current Price-to-Tangible-Book is 14.09, which is 62% above median its 10-year median of 8.70 and 327% above the Software industry median of 3.30. Freee KK's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Freee KK (FREKF), the current Price-to-Tangible-Book is 14.09 as of Aug. 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 Freee KK (FREKF) Overvalued in 2026?

Based on GuruFocus' analysis, Freee KK stock appears to be undervalued. The current stock price of $20.78 is trading 28.1% below its estimated GF Value™ of $28.91. GuruFocus considers Freee KK to be Modestly Undervalued.

Key valuation signals for FREKF:

  • Price-to-Tangible-Book: 14.09 (62% above median its 10-year median of 8.70)
  • GF Value™: $28.91 vs. price of $20.78 (28.1% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 327% above the Software median (#1965 of 2196)

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


Freee KK Business Description

Other Exchanges 4478:Japan
Address 2-8-1 Nishi-Gotanda, Shinagawa-ku, Gotanda First Building 9th Floor, Tokyo, JPN, 141-0031
Freee KK is a developer of cloud-based software. Its software products include Cloud Accounting software, Cloud HR Labor software, Cloud ERP for Midsize companies, among others.
68GF Score

Get the complete analysis for FREKF

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.78
Price
$28.91
GF Value