Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
HBG HotelsBOM:537839 +2.27%69 PB Ratio is 0.48 as of Aug. 05, 2026, which is 44% below its 10-year median of 0.85. GuruFocus rates BOM:537839 with a GF Score™ of 69/100 and a GF Value™ of ₹96.69 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 795 Travel & Leisure companies, HBG Hotels ranks better than 85.28% 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 (2026-08-05), HBG Hotels's share price is ₹86.80. HBG Hotels's Book Value per Share for the quarter that ended in Mar. 2026 was ₹182.12. Hence, HBG Hotels's PB Ratio of today is 0.48.
The historical rank and industry rank for HBG Hotels's PB Ratio or its related term are showing as below:
BOM:537839'
s PB Ratio Range Over the Past 10 Years
Min: 0.37 Med: 0.85 Max: 4.77
Current: 0.46
During the past 13 years, HBG Hotels's highest PB Ratio was 4.77. The lowest was 0.37. And the median was 0.85.
BOM:537839's PB Ratio is ranked better than 85.28% of 795
companies
in the Travel & Leisure industry
Industry Median: 1.5
vs BOM:537839: 0.46
During the past 12 months, HBG Hotels's average Book Value Per Share Growth Rate was -3.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 118.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 84.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 29.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HBG Hotels was 123.50% per year. The lowest was -1.40% per year. And the median was 2.30% 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.
HBG Hotels PB Ratio Related Terms
HBG Hotels PB Ratio Historical Data
* Premium members only.
The historical data trend for HBG Hotels'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 Lodging subindustry, HBG Hotels'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.
HBG Hotels PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, HBG Hotels's PB Ratio distribution charts can be found below:
* The bar in red indicates where HBG Hotels'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.
HBG Hotels'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.
HBG Hotels (BOM:537839) has a PB Ratio of 0.48 as of Aug. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HBG Hotels and its competitors. This is 44% below median its historical median of 0.85. Over the past decade, HBG Hotels' PB Ratio has ranged from 0.37 to 4.77. According to the industry distribution chart, HBG Hotels ranks #117 out of 795 companies in the Travel & Leisure industry, placing it in the top 14.7%.
Is HBG Hotels' PB Ratio too high?
HBG Hotels' current PB Ratio of 0.48 is 44% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 4.77. The Travel & Leisure industry median PB Ratio is 1.50. HBG Hotels' value of 0.48 is 68% below this industry median. Based on the distribution chart, HBG Hotels ranks #117 out of 795 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, HBG Hotels has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HBG Hotels' PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, HBG Hotels ranks #117 out of 795 companies for PB Ratio. This places HBG Hotels in the top 15% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.50. HBG Hotels' value of 0.48 is 68% below this benchmark. Historically, HBG Hotels' own PB Ratio has ranged from 0.37 to 4.77 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.50, HBG Hotels 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.50, based on 795 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. HBG Hotels's current PB Ratio of 0.48 is 68% 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 HBG Hotels and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBG Hotels's current PB Ratio is 0.48, which is 44% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBG Hotels stock overvalued right now?
Based on GuruFocus' analysis, HBG Hotels (BOM:537839) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹96.69, compared to a current price of ₹86.80 — trading 10.2% below its estimated fair value. The current PB Ratio is 0.48, which is 44% below median its 10-year median of 0.85 and 68% below the Travel & Leisure industry median of 1.50. HBG Hotels' overall GF Score™ is 69/100 with 7 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 HBG Hotels (BOM:537839), the current PB Ratio is 0.48 as of Aug. 05, 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 HBG Hotels (BOM:537839) Overvalued in 2026?
Based on GuruFocus' analysis, HBG Hotels stock appears to be undervalued.
The current stock price of ₹86.80 is trading 10.2% below its estimated GF Value™ of ₹96.69.
GuruFocus considers HBG Hotels to be Modestly Undervalued.
Key valuation signals for BOM:537839:
PB Ratio: 0.48 (44% below median its 10-year median of 0.85)
GF Value™: ₹96.69 vs. price of ₹86.80 (10.2% below fair value)
Industry Position: 68% below the Travel & Leisure median (#117 of 795)
No single metric tells the full story. See the BOM:537839 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:537839 has been successfully added to your 
