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Dolphin Medical ServicesBOM:526504 36 PB Ratio is 1.23 as of Jul. 20, 2026, which is 413% above its 10-year median of 0.24. GuruFocus rates BOM:526504 with a GF Score™ of 36/100 and a GF Value™ of ₹2.39 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 195 Medical Diagnostics & Research companies, Dolphin Medical Services ranks better than 71.79% on this metric.
The historical rank and industry rank for Dolphin Medical Services's PB Ratio or its related term are showing as below:
BOM:526504'
s PB Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.24 Max: 1.37
Current: 1.23
During the past 13 years, Dolphin Medical Services's highest PB Ratio was 1.37. The lowest was 0.06. And the median was 0.24.
BOM:526504's PB Ratio is ranked better than 71.79% of 195
companies
in the Medical Diagnostics & Research industry
Industry Median: 1.95
vs BOM:526504: 1.23
During the past 12 months, Dolphin Medical Services's average Book Value Per Share Growth Rate was 0.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Dolphin Medical Services was -0.30% per year. The lowest was -8.90% per year. And the median was -3.00% per year.
Back to Basics: PB Ratio
Dolphin Medical Services (BOM:526504) PB Ratio Explanation
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 Diagnostics & Research subindustry, Dolphin Medical Services'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.
Dolphin Medical Services PB Ratio vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Dolphin Medical Services's PB Ratio distribution charts can be found below:
* The bar in red indicates where Dolphin Medical Services'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.
Dolphin Medical Services (BOM:526504) has a PB Ratio of 1.23 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 Dolphin Medical Services and its competitors. This is 413% above median its historical median of 0.24. Over the past decade, Dolphin Medical Services' PB Ratio has ranged from 0.06 to 1.37. According to the industry distribution chart, Dolphin Medical Services ranks #55 out of 195 companies in the Medical Diagnostics & Research industry, placing it in the top 28.2%.
Is Dolphin Medical Services' PB Ratio too high?
Dolphin Medical Services' current PB Ratio of 1.23 is 413% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.37. The Medical Diagnostics & Research industry median PB Ratio is 1.95. Dolphin Medical Services' value of 1.23 is 36.9% below this industry median. Based on the distribution chart, Dolphin Medical Services ranks #55 out of 195 companies in the Medical Diagnostics & Research industry, which is above the industry midpoint. Overall, Dolphin Medical Services has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dolphin Medical Services' PB Ratio compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Dolphin Medical Services ranks #55 out of 195 companies for PB Ratio. This puts Dolphin Medical Services in the upper half of its industry. The industry median PB Ratio is 1.95. Dolphin Medical Services' value of 1.23 is 36.9% below this benchmark. Historically, Dolphin Medical Services' own PB Ratio has ranged from 0.06 to 1.37 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 1.95, Dolphin Medical Services 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 Medical Diagnostics & Research company?
The median PB Ratio among Medical Diagnostics & Research companies is 1.95, based on 195 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. Dolphin Medical Services's current PB Ratio of 1.23 is 36.9% 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 Dolphin Medical Services and its competitors. For the Medical Diagnostics & Research industry, the median PB Ratio is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dolphin Medical Services's current PB Ratio is 1.23, which is 413% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dolphin Medical Services stock overvalued right now?
Based on GuruFocus' analysis, Dolphin Medical Services (BOM:526504) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2.39, compared to a current price of ₹8.24 — trading 244.8% above its estimated fair value. The current PB Ratio is 1.23, which is 413% above median its 10-year median of 0.24 and 36.9% below the Medical Diagnostics & Research industry median of 1.95. Dolphin Medical Services' overall GF Score™ is 36/100 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 Dolphin Medical Services (BOM:526504), the current PB Ratio is 1.23 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 Dolphin Medical Services (BOM:526504) Overvalued in 2026?
Based on GuruFocus' analysis, Dolphin Medical Services stock appears to be overvalued.
The current stock price of ₹8.24 is trading 244.8% above its estimated GF Value™ of ₹2.39.
GuruFocus considers Dolphin Medical Services to be Significantly Overvalued.
Key valuation signals for BOM:526504:
PB Ratio: 1.23 (413% above median its 10-year median of 0.24)
GF Value™: ₹2.39 vs. price of ₹8.24 (244.8% above fair value)
Industry Position: 36.9% below the Medical Diagnostics & Research median (#55 of 195)
No single metric tells the full story. See the BOM:526504 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dolphin Medical Services Ltd is engaged in providing diagnostics and other allied services. It includes a range of tests covering radiology and imaging, biochemistry, pathology, and microbiology. In addition, the company is also involved in Information Technology, Biotechnology, and Herbal sectors. Services provided by the company are Diagnostic Centre provides all the services under one roof; the Ophthalmic Laser Care Centre provides total laser eye treatment as "Dolphin Nethralaya"; Teleradiology Services; Clinical Trials and Life Sciences division; Medical Equipment & Goods associated distribution; Bio-Tech Division is to provide Foods and Herbal Products and Dolphin Electronic Solution and Technologies(DEST).
36GF Score
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