Zuari Industries (BOM:500780) PB Ratio: 0.21 (As of Aug. 09, 2026) — 24% Above Median

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Director of Data and Quant Analytics at GuruFocus
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BOM:500780 Zuari Industries Ltd BOM:500780
61 GF Score
Price ₹257.50
GF Value ₹310.34
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Zuari Industries PB Ratio?

Zuari Industries BOM:500780 -1.38% 61 PB Ratio is 0.21 as of Aug. 09, 2026, which is 24% above its 10-year median of 0.17. GuruFocus rates BOM:500780 with a GF Score™ of 61/100 and a GF Value™ of ₹310.34 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 537 Conglomerates companies, Zuari Industries ranks better than 93.3% 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 (2026-08-09), Zuari Industries's share price is ₹257.50. Zuari Industries's Book Value per Share for the quarter that ended in Mar. 2026 was ₹1,215.94. Hence, Zuari Industries's PB Ratio of today is 0.21.

Warning Sign:

Zuari Industries Ltd stock PB Ratio (=0.21) is close to 2-year high of 0.23.

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

BOM:500780' s PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.17   Max: 0.3
Current: 0.21

During the past 13 years, Zuari Industries's highest PB Ratio was 0.30. The lowest was 0.07. And the median was 0.17.

BOM:500780's PB Ratio is ranked better than
93.3% of 537 companies
in the Conglomerates industry
Industry Median: 1.05 vs BOM:500780: 0.21

During the past 12 months, Zuari Industries's average Book Value Per Share Growth Rate was -28.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 14.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 15.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 9.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zuari Industries was 52.90% per year. The lowest was -23.60% per year. And the median was 18.80% per year.

Back to Basics: PB Ratio


Zuari Industries  (BOM:500780) 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.


Zuari Industries PB Ratio Related Terms


Zuari Industries PB Ratio Historical Data

* Premium members only.

The historical data trend for Zuari 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.

Zuari Industries PB Ratio Chart

Zuari 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 0.18 0.13 0.25 0.14 0.17

Zuari 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 0.14 0.00 0.23 0.00 0.17

BOM:500780 vs MMM, HON: PB Ratio Comparison

For the Conglomerates subindustry, Zuari 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.


Zuari Industries PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Zuari Industries's PB Ratio distribution charts can be found below:

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


BOM:500780
61GF Score
Zuari Industries Ltd BOM:500780
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zuari 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=257.50/1215.942
=0.21

* 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 0.21 mean?
Zuari Industries (BOM:500780) has a PB Ratio of 0.21 as of Aug. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zuari Industries and its competitors. This is 24% above median its historical median of 0.17. Over the past decade, Zuari Industries' PB Ratio has ranged from 0.07 to 0.30. According to the industry distribution chart, Zuari Industries ranks #36 out of 537 companies in the Conglomerates industry, placing it in the top 6.7%.
Is Zuari Industries' PB Ratio too high?
Zuari Industries' current PB Ratio of 0.21 is 24% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.30. The Conglomerates industry median PB Ratio is 1.05. Zuari Industries' value of 0.21 is 80% below this industry median. Based on the distribution chart, Zuari Industries ranks #36 out of 537 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Zuari Industries has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zuari Industries' PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Zuari Industries ranks #36 out of 537 companies for PB Ratio. This places Zuari Industries in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.05. Zuari Industries' value of 0.21 is 80% below this benchmark. Historically, Zuari Industries' own PB Ratio has ranged from 0.07 to 0.30 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 1.05, Zuari Industries has consistently been below 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 Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.05, based on 537 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. Zuari Industries's current PB Ratio of 0.21 is 80% below 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 Zuari Industries and its competitors. For the Conglomerates industry, the median PB Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zuari Industries's current PB Ratio is 0.21, which is 24% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zuari Industries stock overvalued right now?
Based on GuruFocus' analysis, Zuari Industries (BOM:500780) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹310.34, compared to a current price of ₹257.50 — trading 17% below its estimated fair value. The current PB Ratio is 0.21, which is 24% above median its 10-year median of 0.17 and 80% below the Conglomerates industry median of 1.05. Zuari Industries' overall GF Score™ is 61/100 with 7 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 Zuari Industries (BOM:500780), the current PB Ratio is 0.21 as of Aug. 09, 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 Zuari Industries (BOM:500780) Overvalued in 2026?

Based on GuruFocus' analysis, Zuari Industries stock appears to be undervalued. The current stock price of ₹257.50 is trading 17% below its estimated GF Value™ of ₹310.34. GuruFocus considers Zuari Industries to be Modestly Undervalued.

Key valuation signals for BOM:500780:

  • PB Ratio: 0.21 (24% above median its 10-year median of 0.17)
  • GF Value™: ₹310.34 vs. price of ₹257.50 (17% below fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 80% below the Conglomerates median (#36 of 537)

No single metric tells the full story. See the BOM:500780 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zuari Industries Business Description

Other Exchanges ZUARIIND:India
Address Global Business Park, Tower A, M.G. road, 5th Floor, Sector-26, Gurgaon, HR, IND, 122002
Zuari Industries Ltd through its subsidiaries, is a holding firm which is engaged in providing fertilizer, seeds, pesticides business, engineering, lifestyle industries, and services. The company's segment includes: Engineering, Furniture, Real Estate, Sugar, Power, Investment Services, Ethanol Plant and Management Services.
61GF Score

Get the complete analysis for BOM:500780

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

₹257.50
Price
₹310.34
GF Value