Daikoku Denki Co (TSE:6430) PB Ratio : 1.18 (As of May. 13, 2024)

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What is Daikoku Denki Co PB Ratio?

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 (2024-05-13), Daikoku Denki Co's share price is 円3235.00. Daikoku Denki Co's Book Value per Share for the quarter that ended in Dec. 2023 was 円2,732.59. Hence, Daikoku Denki Co's PB Ratio of today is 1.18.

Good Sign:

Daikoku Denki Co Ltd stock PB Ratio (=1.18) is close to 1-year low of 1.18

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

TSE:6430' s PB Ratio Range Over the Past 10 Years
Min: 0.42 Med: 0.8 Max: 2.43
Current: 1.18

During the past 13 years, Daikoku Denki Co's highest PB Ratio was 2.43. The lowest was 0.42. And the median was 0.80.

TSE:6430's PB Ratio is ranked better than
71.27% of 2388 companies
in the Hardware industry
Industry Median: 1.87 vs TSE:6430: 1.18

During the past 12 months, Daikoku Denki Co's average Book Value Per Share Growth Rate was 21.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Daikoku Denki Co was 7.50% per year. The lowest was -3.30% per year. And the median was 1.40% per year.

Back to Basics: PB Ratio

Daikoku Denki Co PB Ratio Historical Data

The historical data trend for Daikoku Denki Co'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.

* Premium members only.

Daikoku Denki Co PB Ratio Chart

Daikoku Denki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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0.76

0.60

0.50

0.58

1.43

Daikoku Denki Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.89	1.43	1.63	2.09	1.23

Competitive Comparison of Daikoku Denki Co's PB Ratio

For the Computer Hardware subindustry, Daikoku Denki 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.

Daikoku Denki Co's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Daikoku Denki Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Daikoku Denki Co's PB Ratio falls into.

Daikoku Denki Co 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.

Daikoku Denki Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3235.00	/	2732.591
	=	1.18

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Daikoku Denki Co (TSE:6430) 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.

Daikoku Denki Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Daikoku Denki Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Daikoku Denki Co (TSE:6430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daikoku Denki Co Ltd (TSE:6430) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 43, No. 5-chome, Nagoya Nagono, JPN

Website

http://www.daikoku.co.jp

Daikoku Denki Co Ltd engages in the development, manufacture, and sale of computer systems for pachinko halls and pachislo game machines. Its operations include Information Systems unit which deals with the development, manufacture, and sale of computer systems, customer premium management systems, and information disclosure systems for pachinko halls. It also offers control systems which involve in the development, manufacture, and sale of display units and control units of pachinko game machines.

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