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JTL DefenceBOM:537254 -5.00%36 PB Ratio is 2.77 as of Aug. 15, 2026, which is 347% above its 10-year median of 0.62. GuruFocus rates BOM:537254 with a GF Score™ of 36/100 and a GF Value™ of ₹53.04 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,358 Metals & Mining companies, JTL Defence ranks worse than 58.78% 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 (2026-08-15), JTL Defence's share price is ₹516.30. JTL Defence's Book Value per Share for the quarter that ended in Jun. 2026 was ₹186.41. Hence, JTL Defence's PB Ratio of today is 2.77.
Warning Sign:
JTL Defence Ltd stock PB Ratio (=3.22) is close to 5-year high of 3.22.
The historical rank and industry rank for JTL Defence's PB Ratio or its related term are showing as below:
BOM:537254'
s PB Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.62 Max: 3.96
Current: 2.76
During the past 13 years, JTL Defence's highest PB Ratio was 3.96. The lowest was 0.07. And the median was 0.62.
BOM:537254's PB Ratio is ranked worse than 58.78% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.3
vs BOM:537254: 2.76
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of JTL Defence was 56.80% per year. The lowest was -43.40% per year. And the median was 16.25% 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.
JTL Defence PB Ratio Related Terms
JTL Defence PB Ratio Historical Data
* Premium members only.
The historical data trend for JTL Defence'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 Copper subindustry, JTL Defence'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.
JTL Defence PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, JTL Defence's PB Ratio distribution charts can be found below:
* The bar in red indicates where JTL Defence'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.
JTL Defence'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.
JTL Defence (BOM:537254) has a PB Ratio of 2.77 as of Aug. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on JTL Defence and its competitors. This is 347% above median its historical median of 0.62. Over the past decade, JTL Defence's PB Ratio has ranged from 0.07 to 3.96. According to the industry distribution chart, JTL Defence ranks #1386 out of 2358 companies in the Metals & Mining industry, placing it in the top 58.8%.
Is JTL Defence's PB Ratio too high?
JTL Defence's current PB Ratio of 2.77 is 347% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 3.96. The Metals & Mining industry median PB Ratio is 2.30. JTL Defence's value of 2.77 is 20.4% above this industry median. Based on the distribution chart, JTL Defence ranks #1386 out of 2358 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, JTL Defence has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JTL Defence's PB Ratio compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, JTL Defence ranks #1386 out of 2358 companies for PB Ratio. This places JTL Defence in the lower half of its industry. The industry median PB Ratio is 2.30. JTL Defence's value of 2.77 is 20.4% above this benchmark. Historically, JTL Defence's own PB Ratio has ranged from 0.07 to 3.96 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 2.30, JTL Defence 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 Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.30, based on 2,358 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. JTL Defence's current PB Ratio of 2.77 is 20.4% 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 JTL Defence and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JTL Defence's current PB Ratio is 2.77, which is 347% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JTL Defence stock overvalued right now?
Based on GuruFocus' analysis, JTL Defence (BOM:537254) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹53.04, compared to a current price of ₹516.30 — trading 873.4% above its estimated fair value. The current PB Ratio is 2.77, which is 347% above median its 10-year median of 0.62 and 20.4% above the Metals & Mining industry median of 2.30. JTL Defence's overall GF Score™ is 36/100 with 4 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 JTL Defence (BOM:537254), the current PB Ratio is 2.77 as of Aug. 15, 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 JTL Defence (BOM:537254) Overvalued in 2026?
Based on GuruFocus' analysis, JTL Defence stock appears to be overvalued.
The current stock price of ₹516.30 is trading 873.4% above its estimated GF Value™ of ₹53.04.
GuruFocus considers JTL Defence to be Significantly Overvalued.
Key valuation signals for BOM:537254:
PB Ratio: 2.77 (347% above median its 10-year median of 0.62)
GF Value™: ₹53.04 vs. price of ₹516.30 (873.4% above fair value)
Industry Position: 20.4% above the Metals & Mining median (#1386 of 2358)
No single metric tells the full story. See the BOM:537254 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JTL Defence Ltd, formerly RCI Industries & Technologies Ltd is principally engaged in the manufacturing of copper and copper products. The main objective of the company is to manufacture, import, export, trade, and deal in all types of metal and metal products. Its product range includes Round and Flat Rolled Copper and Copper Alloys, which are used for various electrical and industrial applications in different industries, such as automobile, engineering, defense, construction, electronics, and others. The majority of the company's revenue is derived from the sales of its products in the domestic market.
36GF Score
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