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Elgi EquipmentsBOM:522074 -1.71%85 PB Ratio is 8.09 as of Aug. 12, 2026, which is 7% above its 10-year median of 7.54. GuruFocus rates BOM:522074 with a GF Score™ of 85/100 and a GF Value™ of ₹670.49 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,977 Industrial Products companies, Elgi Equipments ranks worse than 90.12% 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 (2026-08-12), Elgi Equipments's share price is ₹573.10. Elgi Equipments's Book Value per Share for the quarter that ended in Mar. 2026 was ₹70.80. Hence, Elgi Equipments's PB Ratio of today is 8.09.
The historical rank and industry rank for Elgi Equipments's PB Ratio or its related term are showing as below:
BOM:522074'
s PB Ratio Range Over the Past 10 Years
Min: 2.19 Med: 7.54 Max: 14.48
Current: 8.1
During the past 13 years, Elgi Equipments's highest PB Ratio was 14.48. The lowest was 2.19. And the median was 7.54.
BOM:522074's PB Ratio is ranked worse than 90.12% of 2977
companies
in the Industrial Products industry
Industry Median: 2.21
vs BOM:522074: 8.10
During the past 12 months, Elgi Equipments's average Book Value Per Share Growth Rate was 19.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 21.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Elgi Equipments was 27.20% per year. The lowest was 8.00% per year. And the median was 13.20% 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.
Elgi Equipments PB Ratio Related Terms
Elgi Equipments PB Ratio Historical Data
* Premium members only.
The historical data trend for Elgi Equipments'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 Specialty Industrial Machinery subindustry, Elgi Equipments'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.
Elgi Equipments PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elgi Equipments's PB Ratio distribution charts can be found below:
* The bar in red indicates where Elgi Equipments'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.
Elgi Equipments'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.
Elgi Equipments (BOM:522074) has a PB Ratio of 8.09 as of Aug. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Elgi Equipments and its competitors. This is near median its historical median of 7.54. Over the past decade, Elgi Equipments' PB Ratio has ranged from 2.19 to 14.48. According to the industry distribution chart, Elgi Equipments ranks #2683 out of 2977 companies in the Industrial Products industry, placing it in the top 90.1%.
Is Elgi Equipments' PB Ratio too high?
Elgi Equipments' current PB Ratio of 8.09 is near median its 10-year median of 7.54. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 14.48. The Industrial Products industry median PB Ratio is 2.21. Elgi Equipments' value of 8.09 is 266.1% above this industry median. Based on the distribution chart, Elgi Equipments ranks #2683 out of 2977 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Elgi Equipments has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elgi Equipments' PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elgi Equipments ranks #2683 out of 2977 companies for PB Ratio. This places Elgi Equipments in the lower half of its industry. The industry median PB Ratio is 2.21. Elgi Equipments' value of 8.09 is 266.1% above this benchmark. Historically, Elgi Equipments' own PB Ratio has ranged from 2.19 to 14.48 over the past decade. While the company's 10-year median is 7.54 vs. the industry median of 2.21, Elgi Equipments 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.21, based on 2,977 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. Elgi Equipments's current PB Ratio of 8.09 is 266.1% 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 Elgi Equipments and its competitors. For the Industrial Products industry, the median PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elgi Equipments's current PB Ratio is 8.09, which is near median its own 10-year median of 7.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elgi Equipments stock overvalued right now?
Based on GuruFocus' analysis, Elgi Equipments (BOM:522074) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹670.49, compared to a current price of ₹573.10 — trading 14.5% below its estimated fair value. The current PB Ratio is 8.09, which is near median its 10-year median of 7.54 and 266.1% above the Industrial Products industry median of 2.21. Elgi Equipments' overall GF Score™ is 85/100 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 Elgi Equipments (BOM:522074), the current PB Ratio is 8.09 as of Aug. 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 Elgi Equipments (BOM:522074) Overvalued in 2026?
Based on GuruFocus' analysis, Elgi Equipments stock appears to be undervalued.
The current stock price of ₹573.10 is trading 14.5% below its estimated GF Value™ of ₹670.49.
GuruFocus considers Elgi Equipments to be Modestly Undervalued.
Key valuation signals for BOM:522074:
PB Ratio: 8.09 (near median its 10-year median of 7.54)
GF Value™: ₹670.49 vs. price of ₹573.10 (14.5% below fair value)
Industry Position: 266.1% above the Industrial Products median (#2683 of 2977)
No single metric tells the full story. See the BOM:522074 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors, and air accessories. Geographically, it derives a majority of its revenue from India and also has a presence in the United States of America, Italy, Australia, and other countries. It serves the Textile; Manufacturing; Automotive; Agriculture and Construction industries.
85GF Score
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