SHMDF (Shimano) Price-to-Tangible-Book: 1.98 (As of Sep. 22, 2026)

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.

SHMDF Shimano Inc SHMDF
78 GF Score
Price $121.00
GF Value $131.38
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Shimano Price-to-Tangible-Book?

Shimano SHMDF +3.42% 78 Price-to-Tangible-Book is 1.98 as of Sep. 22, 2026. GuruFocus rates SHMDF with a GF Score™ of 78/100 and a GF Value™ of $131.38 (Fairly Valued). The stock has 3 warning signs investors should review. Among 695 Travel & Leisure companies, Shimano ranks worse than 54.1% on this metric.

As of today (2026-09-22), Shimano's share price is $121.00. Shimano's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $61.15. Hence, Shimano's Price to Tangible Book Ratio of today is 1.98.

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

SHMDF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.69   Med: 3.31   Max: 5.33
Current: 1.87

During the past 13 years, Shimano's highest Price to Tangible Book Ratio was 5.33. The lowest was 1.69. And the median was 3.31.

SHMDF's Price-to-Tangible-Book is ranked worse than
54.1% of 695 companies
in the Travel & Leisure industry
Industry Median: 1.61 vs SHMDF: 1.87

A closely related ratio is called PB Ratio. As of today, Shimano's share price is $121.00. Shimano's Book Value per Sharefor the quarter that ended in Jun. 2026 was $63.39. Hence, Shimano's P/B Ratio of today is 1.91.


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.


Shimano Price-to-Tangible-Book Related Terms


Shimano Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Shimano'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.

Shimano Price-to-Tangible-Book Chart

Shimano Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.81 2.58 2.43 2.19 1.71

Shimano 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 2.36 1.75 1.71 1.70 1.77

SHMDF vs AS, HAS, LTH: Price-to-Tangible-Book Comparison

For the Leisure subindustry, Shimano'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.


Shimano Price-to-Tangible-Book vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shimano's Price-to-Tangible-Book distribution charts can be found below:

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


SHMDF
78GF Score
Shimano Inc SHMDF
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shimano Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2026 )
=121.00/61.146
=1.98

* 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 1.98 mean?
Shimano (SHMDF) has a Price-to-Tangible-Book of 1.98 as of Sep. 22, 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 Shimano and its competitors. According to the industry distribution chart, Shimano ranks #376 out of 695 companies in the Travel & Leisure industry, placing it in the top 54.1%.
Is Shimano's Price-to-Tangible-Book too high?
Shimano's current Price-to-Tangible-Book is 1.98. The Travel & Leisure industry median Price-to-Tangible-Book is 1.61. Shimano's value of 1.98 is 23% above this industry median. Based on the distribution chart, Shimano ranks #376 out of 695 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Shimano has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shimano's Price-to-Tangible-Book compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Shimano ranks #376 out of 695 companies for Price-to-Tangible-Book. This places Shimano in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.61. Shimano's value of 1.98 is 23% above this benchmark. 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 Travel & Leisure company?
The median Price-to-Tangible-Book among Travel & Leisure companies is 1.61, based on 695 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. Shimano's current Price-to-Tangible-Book of 1.98 is 23% 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 Shimano and its competitors. For the Travel & Leisure industry, the median Price-to-Tangible-Book is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shimano's current Price-to-Tangible-Book is 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimano stock overvalued right now?
Based on GuruFocus' analysis, Shimano (SHMDF) is currently considered Fairly Valued. The stock's GF Value™ is $131.38, compared to a current price of $121.00 — trading 7.9% below its estimated fair value. The current Price-to-Tangible-Book is 1.98 and 23% above the Travel & Leisure industry median of 1.61. Shimano's overall GF Score™ is 78/100 with 3 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 Shimano (SHMDF), the current Price-to-Tangible-Book is 1.98 as of Sep. 22, 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 Shimano (SHMDF) Overvalued in 2026?

Based on GuruFocus' analysis, Shimano stock appears to be undervalued. The current stock price of $121.00 is trading 7.9% below its estimated GF Value™ of $131.38. GuruFocus considers Shimano to be Fairly Valued.

Key valuation signals for SHMDF:

  • Price-to-Tangible-Book: 1.98
  • GF Value™: $131.38 vs. price of $121.00 (7.9% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 23% above the Travel & Leisure median (#376 of 695)

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


Shimano Business Description

Address 3-77 Oimatsu-cho, Sakai-ku, Sakai, JPN, 590-8577
Shimano, founded in 1921 and headquartered in Osaka, Japan, is a global leader in the development, production, and distribution of bicycle components, fishing tackle, and rowing equipment. The company also offers lifestyle gear, including apparel, shoes, and bags. With a strong international presence across Japan, Asia, Europe, the Americas, and Oceania, Shimano serves a diverse range of recreational and sporting markets worldwide.
78GF Score

Get the complete analysis for SHMDF

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

$121.00
Price
$131.38
GF Value