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Phoenix MillsBOM:503100 +2.04%92 PB Ratio is 6.35 as of Aug. 05, 2026, which is 104% above its 10-year median of 3.11. GuruFocus rates BOM:503100 with a GF Score™ of 92/100 and a GF Value™ of ₹1,879.27 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,711 Real Estate companies, Phoenix Mills ranks worse than 96.55% 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 (2026-08-05), Phoenix Mills's share price is ₹1952.40. Phoenix Mills's Book Value per Share for the quarter that ended in Jun. 2026 was ₹307.26. Hence, Phoenix Mills's PB Ratio of today is 6.35.
Warning Sign:
Phoenix Mills Ltd stock PB Ratio (=6.16) is close to 10-year high of 6.8.
The historical rank and industry rank for Phoenix Mills's PB Ratio or its related term are showing as below:
BOM:503100'
s PB Ratio Range Over the Past 10 Years
Min: 1.94 Med: 3.11 Max: 6.8
Current: 6.16
During the past 13 years, Phoenix Mills's highest PB Ratio was 6.80. The lowest was 1.94. And the median was 3.11.
BOM:503100's PB Ratio is ranked worse than 96.55% of 1711
companies
in the Real Estate industry
Industry Median: 0.81
vs BOM:503100: 6.16
During the past 12 months, Phoenix Mills's average Book Value Per Share Growth Rate was 5.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 18.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Phoenix Mills was 131.30% per year. The lowest was -32.50% per year. And the median was 16.30% 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.
Phoenix Mills PB Ratio Related Terms
Phoenix Mills PB Ratio Historical Data
* Premium members only.
The historical data trend for Phoenix Mills'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 Real Estate - Diversified subindustry, Phoenix Mills'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.
Phoenix Mills PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Phoenix Mills's PB Ratio distribution charts can be found below:
* The bar in red indicates where Phoenix Mills'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.
Phoenix Mills's PB Ratio for today is calculated as follows:
* 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.
Phoenix Mills (BOM:503100) has a PB Ratio of 6.35 as of Aug. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Phoenix Mills and its competitors. This is 104% above median its historical median of 3.11. Over the past decade, Phoenix Mills' PB Ratio has ranged from 1.94 to 6.80. According to the industry distribution chart, Phoenix Mills ranks #1652 out of 1711 companies in the Real Estate industry, placing it in the top 96.6%.
Is Phoenix Mills' PB Ratio too high?
Phoenix Mills' current PB Ratio of 6.35 is 104% above median its 10-year median of 3.11. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 6.80. The Real Estate industry median PB Ratio is 0.81. Phoenix Mills' value of 6.35 is 684% above this industry median. Based on the distribution chart, Phoenix Mills ranks #1652 out of 1711 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Phoenix Mills has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phoenix Mills' PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Phoenix Mills ranks #1652 out of 1711 companies for PB Ratio. This places Phoenix Mills in the lower half of its industry. The industry median PB Ratio is 0.81. Phoenix Mills' value of 6.35 is 684% above this benchmark. Historically, Phoenix Mills' own PB Ratio has ranged from 1.94 to 6.80 over the past decade. While the company's 10-year median is 3.11 vs. the industry median of 0.81, Phoenix Mills 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,711 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. Phoenix Mills's current PB Ratio of 6.35 is 684% 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 Phoenix Mills and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Mills's current PB Ratio is 6.35, which is 104% above median its own 10-year median of 3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Mills stock overvalued right now?
Based on GuruFocus' analysis, Phoenix Mills (BOM:503100) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,879.27, compared to a current price of ₹1,952.40 — trading 3.9% above its estimated fair value. The current PB Ratio is 6.35, which is 104% above median its 10-year median of 3.11 and 684% above the Real Estate industry median of 0.81. Phoenix Mills' overall GF Score™ is 92/100 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 Phoenix Mills (BOM:503100), the current PB Ratio is 6.35 as of Aug. 05, 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 Phoenix Mills (BOM:503100) Overvalued in 2026?
Based on GuruFocus' analysis, Phoenix Mills stock appears to be overvalued.
The current stock price of ₹1,952.40 is trading 3.9% above its estimated GF Value™ of ₹1,879.27.
GuruFocus considers Phoenix Mills to be Fairly Valued.
Key valuation signals for BOM:503100:
PB Ratio: 6.35 (104% above median its 10-year median of 3.11)
GF Value™: ₹1,879.27 vs. price of ₹1,952.40 (3.9% above fair value)
Industry Position: 684% above the Real Estate median (#1652 of 1711)
No single metric tells the full story. See the BOM:503100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phoenix Mills Ltd is a real estate development company operating in India. The group's development plan includes converting land underlying abandoned mills into modern, multi-use, integrated property. The group is involved in all aspects of development, including planning, construction, and marketing, as well as management, maintenance, and sales of the complete development. It has three segments: The Property and related services segment that derives maximum revenue, provides mall /office areas on a license basis and development of commercial/residential properties. The Hospitality segment engages in the operation of hotels and restaurants. The Residential Business segment includes sale of residential properties.
92GF Score
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