Trend Micro Inc
TSE:4704

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Trend Micro Inc
TSE:4704
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Price: 5 576 JPY -3.28% Market Closed
Market Cap: ¥760.7B

P/B

5.6
Current
31%
Cheaper
vs 3-y average of 8.1

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
5.6
=
Market Cap
¥781.2B
/
Total Equity
¥130.6B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
5.6
=
Market Cap
¥781.2B
/
Total Equity
¥130.6B

Valuation Scenarios

Trend Micro Inc is trading below its 3-year average

If P/B returns to its 3-Year Average (8.1), the stock would be worth ¥8 093.31 (45% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-75%
Maximum Upside
+45%
Average Downside
22%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 5.6 ¥5 576
0%
3-Year Average 8.1 ¥8 093.31
+45%
5-Year Average 4.9 ¥4 918.39
-12%
Industry Average 3 ¥3 004
-46%
Country Average 1.4 ¥1 412.62
-75%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
JP
Trend Micro Inc
TSE:4704
728.7B JPY 5.6 21.1
US
Microsoft Corp
NASDAQ:MSFT
3.2T USD 8.1 26.5
US
Oracle Corp
NYSE:ORCL
498.2B USD 12.9 30.8
US
Palo Alto Networks Inc
NASDAQ:PANW
145.7B USD 13.4 97.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
113.5B USD 25.6 -698.7
US
ServiceNow Inc
NYSE:NOW
93.4B USD 8 53.2
US
VMware Inc
XETRA:BZF1
58B EUR 26.8 47.9
US
Fortinet Inc
NASDAQ:FTNT
62.7B USD 50.6 33.8
CN
Knowledge Atlas Technology JSC Ltd
HKEX:2513
452.6B HKD -48.7 -83.9
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 113.7 491.7
CN
MiniMax Group Inc
HKEX:100
262.2B HKD -12.7 -17.9
P/E Multiple
Earnings Growth PEG
JP
Trend Micro Inc
TSE:4704
Average P/E: 100.3
21.1
13%
1.6
US
Microsoft Corp
NASDAQ:MSFT
26.5
18%
1.5
US
Oracle Corp
NYSE:ORCL
30.8
37%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
97.9
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -698.7 N/A N/A
US
ServiceNow Inc
NYSE:NOW
53.2
54%
1
US
V
VMware Inc
XETRA:BZF1
47.9
39%
1.2
US
Fortinet Inc
NASDAQ:FTNT
33.8
15%
2.3
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -83.9 N/A N/A
US
Xperi Holding Corp
LSE:0M2A
491.7
N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -17.9 N/A N/A

Market Distribution

Higher than 93% of companies in Japan
Percentile
93nd
Based on 5 195 companies
93nd percentile
5.6
Low
0 — 1.1
Typical Range
1.1 — 2.1
High
2.1 —
Distribution Statistics
Japan
Min 0
30th Percentile 1.1
Median 1.4
70th Percentile 2.1
Max 31 732 017.6

Trend Micro Inc
Glance View

Market Cap
760.7B JPY
Industry
Technology

Trend Micro Inc. began its journey in 1988, founded by three visionaries — Steve Chang, Jenny Chang, and Eva Chen. They had a single-minded mission: to make the digital world safer as the internet expanded its reach to every corner of the globe. Initially venturing into antivirus software, Trend Micro quickly established itself as a leader in cybersecurity by anticipating the growing threats posed by malicious actors. Headquartered in Tokyo, Japan, the company carved its niche by offering security solutions that protected both consumer and enterprise environments from virtual perils. Its strategy revolved around not just defending against existing threats but predicting emerging ones using advanced machine learning and big data analytics. This proactive stance positioned Trend Micro as a trusted guardian in the digital age, with a presence felt across the continents. In an age where data is both an asset and a liability, Trend Micro extended its expertise beyond traditional antivirus solutions, delving into cloud security, network defense, and endpoint security. They built a comprehensive product suite that targeted small businesses, global enterprises, and everything in between. The company makes money by selling these security solutions through subscriptions and licensing agreements, offering tailored services that cater to the specific needs of different businesses. Additionally, Trend Micro provides managed security services, enabling enterprises to outsource their cybersecurity needs entirely. Through partnerships and collaborations with major tech players, Trend Micro ensures seamless integration and deployment across diverse platforms and ecosystems. This approach has helped the company maintain a steady revenue stream, bolstering its reputation as an innovator in the cybersecurity space while keeping the digital world a little safer each day.

Intrinsic Value
6 241.02 JPY
Undervaluation 11%
Intrinsic Value
Price ¥5 576
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