Pidilite Industries (BOM:500331) PB Ratio: 14.71 (As of Jul. 20, 2026) — Near Median

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.

BOM:500331 Pidilite Industries Ltd BOM:500331
97 GF Score
Price ₹1,565.40
GF Value ₹1,725.84
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Pidilite Industries PB Ratio?

Pidilite Industries BOM:500331 +0.36% 97 PB Ratio is 14.71 as of Jul. 20, 2026, which is 7% below its 10-year median of 15.90. GuruFocus rates BOM:500331 with a GF Score™ of 97/100 and a GF Value™ of ₹1,725.84 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,576 Chemicals companies, Pidilite Industries ranks worse than 97.59% on this metric.

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 (2026-07-20), Pidilite Industries's share price is ₹1565.40. Pidilite Industries's Book Value per Share for the quarter that ended in Mar. 2026 was ₹106.43. Hence, Pidilite Industries's PB Ratio of today is 14.71.

The historical rank and industry rank for Pidilite Industries's PB Ratio or its related term are showing as below:

BOM:500331' s PB Ratio Range Over the Past 10 Years
Min: 9.35   Med: 15.9   Max: 21.75
Current: 14.71

During the past 13 years, Pidilite Industries's highest PB Ratio was 21.75. The lowest was 9.35. And the median was 15.90.

BOM:500331's PB Ratio is ranked worse than
97.59% of 1576 companies
in the Chemicals industry
Industry Median: 1.65 vs BOM:500331: 14.71

During the past 12 months, Pidilite Industries's average Book Value Per Share Growth Rate was 11.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 14.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 14.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 14.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pidilite Industries was 23.80% per year. The lowest was 9.00% per year. And the median was 17.50% per year.

Back to Basics: PB Ratio


Pidilite Industries  (BOM:500331) 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.


Pidilite Industries PB Ratio Related Terms


Pidilite Industries PB Ratio Historical Data

* Premium members only.

The historical data trend for Pidilite Industries'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.

Pidilite Industries PB Ratio Chart

Pidilite Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.49 16.59 18.24 14.86 12.08

Pidilite Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio 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 14.86 0.00 15.64 0.00 12.08

BOM:500331 vs LIN, SHW, ECL: PB Ratio Comparison

For the Specialty Chemicals subindustry, Pidilite Industries'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.


Pidilite Industries PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pidilite Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Pidilite Industries's PB Ratio falls into.


BOM:500331
97GF Score
Pidilite Industries Ltd BOM:500331
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pidilite Industries 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.

Pidilite Industries's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=1565.40/106.431
=14.71

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 14.71 mean?
Pidilite Industries (BOM:500331) has a PB Ratio of 14.71 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Pidilite Industries and its competitors. This is near median its historical median of 15.90. Over the past decade, Pidilite Industries' PB Ratio has ranged from 9.35 to 21.75. According to the industry distribution chart, Pidilite Industries ranks #1538 out of 1576 companies in the Chemicals industry, placing it in the top 97.6%.
Is Pidilite Industries' PB Ratio too high?
Pidilite Industries' current PB Ratio of 14.71 is near median its 10-year median of 15.90. Over the past 10 years, this metric has ranged from a low of 9.35 to a high of 21.75. The Chemicals industry median PB Ratio is 1.65. Pidilite Industries' value of 14.71 is 791.5% above this industry median. Based on the distribution chart, Pidilite Industries ranks #1538 out of 1576 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Pidilite Industries has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pidilite Industries' PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Pidilite Industries ranks #1538 out of 1576 companies for PB Ratio. This places Pidilite Industries in the lower half of its industry. The industry median PB Ratio is 1.65. Pidilite Industries' value of 14.71 is 791.5% above this benchmark. Historically, Pidilite Industries' own PB Ratio has ranged from 9.35 to 21.75 over the past decade. While the company's 10-year median is 15.90 vs. the industry median of 1.65, Pidilite Industries 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.65, based on 1,576 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. Pidilite Industries's current PB Ratio of 14.71 is 791.5% 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 Pidilite Industries and its competitors. For the Chemicals industry, the median PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pidilite Industries's current PB Ratio is 14.71, which is near median its own 10-year median of 15.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pidilite Industries stock overvalued right now?
Based on GuruFocus' analysis, Pidilite Industries (BOM:500331) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,725.84, compared to a current price of ₹1,565.40 — trading 9.3% below its estimated fair value. The current PB Ratio is 14.71, which is near median its 10-year median of 15.90 and 791.5% above the Chemicals industry median of 1.65. Pidilite Industries' overall GF Score™ is 97/100 with 3 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 Pidilite Industries (BOM:500331), the current PB Ratio is 14.71 as of Jul. 20, 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 Pidilite Industries (BOM:500331) Overvalued in 2026?

Based on GuruFocus' analysis, Pidilite Industries stock appears to be undervalued. The current stock price of ₹1,565.40 is trading 9.3% below its estimated GF Value™ of ₹1,725.84. GuruFocus considers Pidilite Industries to be Fairly Valued.

Key valuation signals for BOM:500331:

  • PB Ratio: 14.71 (near median its 10-year median of 15.90)
  • GF Value™: ₹1,725.84 vs. price of ₹1,565.40 (9.3% below fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 791.5% above the Chemicals median (#1538 of 1576)

No single metric tells the full story. See the BOM:500331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pidilite Industries Business Description

Other Exchanges PIDILITIND:India
Address 4V89+5V8, Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri East, Mumbai, MH, IND, 400059
Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The Branded Consumer & Bazaar segment, which generates the majority of revenue, sells adhesives and sealants, construction and paint chemicals, art and craft materials, and others. These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices, etc. The Business to Business segment sells industrial products such as industrial adhesives, resins, and organic pigments and preparations, etc., and caters to various industries like packaging, joineries, textiles, paints, printing inks, paper, leather, etc. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of its revenue comes from India.
97GF Score

Get the complete analysis for BOM:500331

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,565.40
Price
₹1,725.84
GF Value