Citizen Solar (BOM:538786) PB Ratio: 3.87 (As of Aug. 04, 2026) — 423% Above Median

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BOM:538786 Citizen Solar Ltd BOM:538786
40 GF Score
Price ₹300.00
! 4 Warning Signs
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What is Citizen Solar PB Ratio?

Citizen Solar BOM:538786 -1.64% 40 PB Ratio is 3.87 as of Aug. 04, 2026, which is 423% above its 10-year median of 0.74. GuruFocus rates BOM:538786 with a GF Score™ of 40/100. The stock has 4 warning signs investors should review. Among 999 Semiconductors companies, Citizen Solar ranks worse than 59.46% 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 (2026-08-04), Citizen Solar's share price is ₹300.00. Citizen Solar's Book Value per Share for the quarter that ended in Mar. 2026 was ₹77.60. Hence, Citizen Solar's PB Ratio of today is 3.87.

The historical rank and industry rank for Citizen Solar's PB Ratio or its related term are showing as below:

BOM:538786' s PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.74   Max: 34.34
Current: 3.87

During the past 13 years, Citizen Solar's highest PB Ratio was 34.34. The lowest was 0.26. And the median was 0.74.

BOM:538786's PB Ratio is ranked worse than
59.46% of 999 companies
in the Semiconductors industry
Industry Median: 3.04 vs BOM:538786: 3.87

During the past 12 months, Citizen Solar's average Book Value Per Share Growth Rate was 803.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 108.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 37.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 9.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Citizen Solar was 108.90% per year. The lowest was -7.90% per year. And the median was -0.70% per year.

Back to Basics: PB Ratio


Citizen Solar  (BOM:538786) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Citizen Solar PB Ratio Related Terms


Citizen Solar PB Ratio Historical Data

* Premium members only.

The historical data trend for Citizen Solar'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.

Citizen Solar PB Ratio Chart

Citizen Solar Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.55 3.72 4.93 4.54 3.24

Citizen Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.54 0.00 20.78 0.00 3.24

BOM:538786 vs FSLR, NXT, ENPH: PB Ratio Comparison

For the Solar subindustry, Citizen Solar'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.


Citizen Solar PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Citizen Solar's PB Ratio distribution charts can be found below:

* The bar in red indicates where Citizen Solar's PB Ratio falls into.


BOM:538786
40GF Score
Citizen Solar Ltd BOM:538786
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Citizen Solar PB Ratio Calculation

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.

Citizen Solar's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=300.00/77.597
=3.87

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 3.87 mean?
Citizen Solar (BOM:538786) has a PB Ratio of 3.87 as of Aug. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Citizen Solar and its competitors. This is 423% above median its historical median of 0.74. Over the past decade, Citizen Solar's PB Ratio has ranged from 0.26 to 34.34. According to the industry distribution chart, Citizen Solar ranks #594 out of 999 companies in the Semiconductors industry, placing it in the top 59.5%.
Is Citizen Solar's PB Ratio too high?
Citizen Solar's current PB Ratio of 3.87 is 423% above median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 34.34. The Semiconductors industry median PB Ratio is 3.04. Citizen Solar's value of 3.87 is 27.3% above this industry median. Based on the distribution chart, Citizen Solar ranks #594 out of 999 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Citizen Solar has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Citizen Solar's PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Citizen Solar ranks #594 out of 999 companies for PB Ratio. This places Citizen Solar in the lower half of its industry. The industry median PB Ratio is 3.04. Citizen Solar's value of 3.87 is 27.3% above this benchmark. Historically, Citizen Solar's own PB Ratio has ranged from 0.26 to 34.34 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 3.04, Citizen Solar 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.04, based on 999 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. Citizen Solar's current PB Ratio of 3.87 is 27.3% 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 Citizen Solar and its competitors. For the Semiconductors industry, the median PB Ratio is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Solar's current PB Ratio is 3.87, which is 423% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Solar stock overvalued right now?
Citizen Solar (BOM:538786) has a current PB Ratio of 3.87. The current PB Ratio is 3.87, which is 423% above median its 10-year median of 0.74 and 27.3% above the Semiconductors industry median of 3.04. Citizen Solar's overall GF Score™ is 40/100 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 Citizen Solar (BOM:538786), the current PB Ratio is 3.87 as of Aug. 04, 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.

Citizen Solar Business Description

Address Ashram Road, 411, Sakar - 2, Ellisbridge Corner, Ahmedabad, GJ, IND, 380006
Citizen Solar Ltd operates as a solar panel and solar inverter manufacturer in India. It comprises of two main divisions that include Citizen Solar Technology and Solar Inverter Manufacturer. The company serves various industries and businesses spread across multiple verticals such as Textiles, Manufacturing, Exports, etc.
40GF Score

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