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Jai Balaji IndustriesBOM:532976 +4.46%57 PB Ratio is 2.65 as of Aug. 08, 2026, which is 44% below its 10-year median of 4.70. GuruFocus rates BOM:532976 with a GF Score™ of 57/100 and a GF Value™ of ₹123.52 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 610 Steel companies, Jai Balaji Industries ranks worse than 82.13% on this metric.
Jai Balaji Industries Ltd stock PB Ratio (=2.47) is close to 3-year low of 2.34.
The historical rank and industry rank for Jai Balaji Industries's PB Ratio or its related term are showing as below:
BOM:532976'
s PB Ratio Range Over the Past 10 Years
Min: 1.19 Med: 4.7 Max: 12.39
Current: 2.49
During the past 13 years, Jai Balaji Industries's highest PB Ratio was 12.39. The lowest was 1.19. And the median was 4.70.
BOM:532976's PB Ratio is ranked worse than 82.13% of 610
companies
in the Steel industry
Industry Median: 0.97
vs BOM:532976: 2.49
During the past 12 months, Jai Balaji Industries's average Book Value Per Share Growth Rate was 6.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 47.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Jai Balaji Industries was 47.90% per year. The lowest was -77.40% per year. And the median was -1.80% 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 Steel subindustry, Jai Balaji 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.
Jai Balaji Industries PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Jai Balaji Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Jai Balaji Industries'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.
Jai Balaji Industries (BOM:532976) has a PB Ratio of 2.65 as of Aug. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Jai Balaji Industries and its competitors. This is 44% below median its historical median of 4.70. Over the past decade, Jai Balaji Industries' PB Ratio has ranged from 1.19 to 12.39. According to the industry distribution chart, Jai Balaji Industries ranks #501 out of 610 companies in the Steel industry, placing it in the top 82.1%.
Is Jai Balaji Industries' PB Ratio too high?
Jai Balaji Industries' current PB Ratio of 2.65 is 44% below median its 10-year median of 4.70. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 12.39. The Steel industry median PB Ratio is 0.97. Jai Balaji Industries' value of 2.65 is 173.2% above this industry median. Based on the distribution chart, Jai Balaji Industries ranks #501 out of 610 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Jai Balaji Industries has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jai Balaji Industries' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Jai Balaji Industries ranks #501 out of 610 companies for PB Ratio. This places Jai Balaji Industries in the lower half of its industry. The industry median PB Ratio is 0.97. Jai Balaji Industries' value of 2.65 is 173.2% above this benchmark. Historically, Jai Balaji Industries' own PB Ratio has ranged from 1.19 to 12.39 over the past decade. While the company's 10-year median is 4.70 vs. the industry median of 0.97, Jai Balaji Industries 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 Steel company?
The median PB Ratio among Steel companies is 0.97, based on 610 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. Jai Balaji Industries's current PB Ratio of 2.65 is 173.2% 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 Jai Balaji Industries and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jai Balaji Industries's current PB Ratio is 2.65, which is 44% below median its own 10-year median of 4.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jai Balaji Industries stock overvalued right now?
Based on GuruFocus' analysis, Jai Balaji Industries (BOM:532976) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹123.52, compared to a current price of ₹65.60 — trading 46.9% below its estimated fair value. The current PB Ratio is 2.65, which is 44% below median its 10-year median of 4.70 and 173.2% above the Steel industry median of 0.97. Jai Balaji Industries' overall GF Score™ is 57/100 with 2 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 Jai Balaji Industries (BOM:532976), the current PB Ratio is 2.65 as of Aug. 08, 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 Jai Balaji Industries (BOM:532976) Overvalued in 2026?
Based on GuruFocus' analysis, Jai Balaji Industries stock appears to be undervalued.
The current stock price of ₹65.60 is trading 46.9% below its estimated GF Value™ of ₹123.52.
GuruFocus considers Jai Balaji Industries to be Significantly Undervalued.
Key valuation signals for BOM:532976:
PB Ratio: 2.65 (44% below median its 10-year median of 4.70)
GF Value™: ₹123.52 vs. price of ₹65.60 (46.9% below fair value)
Industry Position: 173.2% above the Steel median (#501 of 610)
No single metric tells the full story. See the BOM:532976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jai Balaji Industries Ltd is an India-based iron and steel manufacturing company. It manufactures Sponge Iron, Pig Iron, Ductile Iron Pipe, Ferro Chrome, Billet, TMT, Coke, and Sinter. The company is engaged in a single reportable segment of Iron and Steel. Geographically, it has a business presence in India and also exports it to other countries, of which key revenue is derived from India.
57GF Score
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