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Bajaj ElectricalsBOM:500031 -0.50%59 PB Ratio is 2.38 as of Jul. 31, 2026, which is 48% below its 10-year median of 4.62. GuruFocus rates BOM:500031 with a GF Score™ of 59/100 and a GF Value™ of ₹794.86 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 422 Furnishings, Fixtures & Appliances companies, Bajaj Electricals ranks worse than 71.33% on this metric.
Bajaj Electricals Ltd stock PB Ratio (=2.38) is close to 5-year low of 2.25.
The historical rank and industry rank for Bajaj Electricals's PB Ratio or its related term are showing as below:
BOM:500031'
s PB Ratio Range Over the Past 10 Years
Min: 2.13 Med: 4.62 Max: 9.17
Current: 2.39
During the past 13 years, Bajaj Electricals's highest PB Ratio was 9.17. The lowest was 2.13. And the median was 4.62.
BOM:500031's PB Ratio is ranked worse than 71.33% of 422
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.32
vs BOM:500031: 2.39
During the past 12 months, Bajaj Electricals's average Book Value Per Share Growth Rate was -7.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bajaj Electricals was 86.40% per year. The lowest was -17.00% per year. And the median was 10.10% per year.
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.
Bajaj Electricals PB Ratio Related Terms
Bajaj Electricals PB Ratio Historical Data
* Premium members only.
The historical data trend for Bajaj Electricals'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.
For the Furnishings, Fixtures & Appliances subindustry, Bajaj Electricals'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.
Bajaj Electricals PB Ratio vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bajaj Electricals's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bajaj Electricals's PB Ratio falls into.
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.
* 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 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.
Bajaj Electricals (BOM:500031) has a PB Ratio of 2.38 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bajaj Electricals and its competitors. This is 48% below median its historical median of 4.62. Over the past decade, Bajaj Electricals' PB Ratio has ranged from 2.13 to 9.17. According to the industry distribution chart, Bajaj Electricals ranks #301 out of 422 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 71.3%.
Is Bajaj Electricals' PB Ratio too high?
Bajaj Electricals' current PB Ratio of 2.38 is 48% below median its 10-year median of 4.62. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 9.17. The Furnishings, Fixtures & Appliances industry median PB Ratio is 1.32. Bajaj Electricals' value of 2.38 is 80.3% above this industry median. Based on the distribution chart, Bajaj Electricals ranks #301 out of 422 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Bajaj Electricals has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bajaj Electricals' PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Bajaj Electricals ranks #301 out of 422 companies for PB Ratio. This places Bajaj Electricals in the lower half of its industry. The industry median PB Ratio is 1.32. Bajaj Electricals' value of 2.38 is 80.3% above this benchmark. Historically, Bajaj Electricals' own PB Ratio has ranged from 2.13 to 9.17 over the past decade. While the company's 10-year median is 4.62 vs. the industry median of 1.32, Bajaj Electricals 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 PB Ratio for a Furnishings, Fixtures & Appliances company?
The median PB Ratio among Furnishings, Fixtures & Appliances companies is 1.32, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bajaj Electricals's current PB Ratio of 2.38 is 80.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bajaj Electricals and its competitors. For the Furnishings, Fixtures & Appliances industry, the median PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Electricals's current PB Ratio is 2.38, which is 48% below median its own 10-year median of 4.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Electricals stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Electricals (BOM:500031) is currently considered Possible Value Trap. The stock's GF Value™ is ₹794.86, compared to a current price of ₹328.90 — trading 58.6% below its estimated fair value. The current PB Ratio is 2.38, which is 48% below median its 10-year median of 4.62 and 80.3% above the Furnishings, Fixtures & Appliances industry median of 1.32. Bajaj Electricals' overall GF Score™ is 59/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Bajaj Electricals (BOM:500031), the current PB Ratio is 2.38 as of Jul. 31, 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 Bajaj Electricals (BOM:500031) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Electricals stock appears to be undervalued.
The current stock price of ₹328.90 is trading 58.6% below its estimated GF Value™ of ₹794.86.
GuruFocus considers Bajaj Electricals to be Possible Value Trap.
Key valuation signals for BOM:500031:
PB Ratio: 2.38 (48% below median its 10-year median of 4.62)
GF Value™: ₹794.86 vs. price of ₹328.90 (58.6% below fair value)
Industry Position: 80.3% above the Furnishings, Fixtures & Appliances median (#301 of 422)
No single metric tells the full story. See the BOM:500031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Electricals Ltd is an Indian company that manufactures and sells consumer electrical appliances. The company's operating segment includes Consumer Products and Lighting. The Consumer Products segment, which is the key revenue driver, represents the sale of appliances, fans, and consumer lighting products. The Lighting segment includes professional lighting (B2B) and consumer lighting (B2C). The group has a business presence in India and outside India.
59GF Score
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