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HEG Advanced MaterialsBOM:509631 -5.00%79 PB Ratio is 0.96 as of Sep. 12, 2026, which is 50% below its 10-year median of 1.91. GuruFocus rates BOM:509631 with a GF Score™ of 79/100 and a GF Value™ of ₹559.77 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,994 Industrial Products companies, HEG Advanced Materials ranks better than 78.19% on this metric.
HEG Advanced Materials Ltd stock PB Ratio (=2.96) is close to 5-year high of 2.96.
The historical rank and industry rank for HEG Advanced Materials's PB Ratio or its related term are showing as below:
BOM:509631'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 1.91 Max: 13.43
Current: 0.96
During the past 13 years, HEG Advanced Materials's highest PB Ratio was 13.43. The lowest was 0.54. And the median was 1.91.
BOM:509631's PB Ratio is ranked better than 78.19% of 2994
companies
in the Industrial Products industry
Industry Median: 2.18
vs BOM:509631: 0.96
During the past 12 months, HEG Advanced Materials's average Book Value Per Share Growth Rate was 6.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HEG Advanced Materials was 58.00% per year. The lowest was -1.60% per year. And the median was 7.50% 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.
* 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 Electrical Equipment & Parts subindustry, HEG Advanced Materials'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.
HEG Advanced Materials PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HEG Advanced Materials's PB Ratio distribution charts can be found below:
* The bar in red indicates where HEG Advanced Materials'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.
HEG Advanced Materials (BOM:509631) has a PB Ratio of 0.96 as of Sep. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HEG Advanced Materials and its competitors. This is 50% below median its historical median of 1.91. Over the past decade, HEG Advanced Materials' PB Ratio has ranged from 0.54 to 13.43. According to the industry distribution chart, HEG Advanced Materials ranks #653 out of 2994 companies in the Industrial Products industry, placing it in the top 21.8%.
Is HEG Advanced Materials' PB Ratio too high?
HEG Advanced Materials' current PB Ratio of 0.96 is 50% below median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 13.43. The Industrial Products industry median PB Ratio is 2.18. HEG Advanced Materials' value of 0.96 is 56% below this industry median. Based on the distribution chart, HEG Advanced Materials ranks #653 out of 2994 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, HEG Advanced Materials has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HEG Advanced Materials' PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, HEG Advanced Materials ranks #653 out of 2994 companies for PB Ratio. This places HEG Advanced Materials in the top 22% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.18. HEG Advanced Materials' value of 0.96 is 56% below this benchmark. Historically, HEG Advanced Materials' own PB Ratio has ranged from 0.54 to 13.43 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 2.18, HEG Advanced Materials 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.18, based on 2,994 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. HEG Advanced Materials's current PB Ratio of 0.96 is 56% 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 HEG Advanced Materials and its competitors. For the Industrial Products industry, the median PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HEG Advanced Materials's current PB Ratio is 0.96, which is 50% below median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HEG Advanced Materials stock overvalued right now?
Based on GuruFocus' analysis, HEG Advanced Materials (BOM:509631) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹559.77, compared to a current price of ₹237.65 — trading 57.5% below its estimated fair value. The current PB Ratio is 0.96, which is 50% below median its 10-year median of 1.91 and 56% below the Industrial Products industry median of 2.18. HEG Advanced Materials' overall GF Score™ is 79/100 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 HEG Advanced Materials (BOM:509631), the current PB Ratio is 0.96 as of Sep. 12, 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 HEG Advanced Materials (BOM:509631) Overvalued in 2026?
Based on GuruFocus' analysis, HEG Advanced Materials stock appears to be undervalued.
The current stock price of ₹237.65 is trading 57.5% below its estimated GF Value™ of ₹559.77.
GuruFocus considers HEG Advanced Materials to be Significantly Undervalued.
Key valuation signals for BOM:509631:
PB Ratio: 0.96 (50% below median its 10-year median of 1.91)
GF Value™: ₹559.77 vs. price of ₹237.65 (57.5% below fair value)
Industry Position: 56% below the Industrial Products median (#653 of 2994)
No single metric tells the full story. See the BOM:509631 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HEG Ltd is a graphite electrode manufacturer. The company operates in business segments that include Graphite Electrodes, which manufactures graphite electrodes; and Power Generation, which comprises of generation of power for captive consumption and sale. The company generates the majority of its revenue from the Graphite Electrodes segment. It also focuses on carbon specialties. The export sales generate maximum revenue for the company.
79GF Score
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