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Waaree EnergiesBOM:544277 -2.76%50 PB Ratio is 5.09 as of Sep. 15, 2026, which is 33% below its 10-year median of 7.63. GuruFocus rates BOM:544277 with a GF Score™ of 50/100. The stock has 2 warning signs investors should review. Among 1,010 Semiconductors companies, Waaree Energies ranks worse than 71.39% 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 (2026-09-15), Waaree Energies's share price is ₹2555.00. Waaree Energies's Book Value per Share for the quarter that ended in Jun. 2026 was ₹501.91. Hence, Waaree Energies's PB Ratio of today is 5.09.
Good Sign:
Waaree Energies Ltd stock PB Ratio (=5.23) is close to 2-year low of 5.23.
The historical rank and industry rank for Waaree Energies's PB Ratio or its related term are showing as below:
BOM:544277'
s PB Ratio Range Over the Past 10 Years
Min: 5.09 Med: 7.63 Max: 9.06
Current: 5.09
During the past 6 years, Waaree Energies's highest PB Ratio was 9.06. The lowest was 5.09. And the median was 7.63.
BOM:544277's PB Ratio is ranked worse than 71.39% of 1010
companies
in the Semiconductors industry
Industry Median: 3.04
vs BOM:544277: 5.09
During the past 12 months, Waaree Energies's average Book Value Per Share Growth Rate was 52.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 98.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 126.70% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Waaree Energies was 180.90% per year. The lowest was 98.70% per year. And the median was 126.30% 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.
Waaree Energies PB Ratio Related Terms
Waaree Energies PB Ratio Historical Data
* Premium members only.
The historical data trend for Waaree Energies'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.
BOM:544277 vs FSLR, NXT, ENPH: PB Ratio Comparison
For the Solar subindustry, Waaree Energies'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.
Waaree Energies PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Waaree Energies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Waaree Energies'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.
Waaree Energies'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.
Waaree Energies (BOM:544277) has a PB Ratio of 5.09 as of Sep. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Waaree Energies and its competitors. This is 33% below median its historical median of 7.63. Over the past decade, Waaree Energies' PB Ratio has ranged from 5.09 to 9.06. According to the industry distribution chart, Waaree Energies ranks #721 out of 1010 companies in the Semiconductors industry, placing it in the top 71.4%.
Is Waaree Energies' PB Ratio too high?
Waaree Energies' current PB Ratio of 5.09 is 33% below median its 10-year median of 7.63. Over the past 10 years, this metric has ranged from a low of 5.09 to a high of 9.06. The Semiconductors industry median PB Ratio is 3.04. Waaree Energies' value of 5.09 is 67.4% above this industry median. Based on the distribution chart, Waaree Energies ranks #721 out of 1010 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Waaree Energies has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Waaree Energies' PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Waaree Energies ranks #721 out of 1010 companies for PB Ratio. This places Waaree Energies in the lower half of its industry. The industry median PB Ratio is 3.04. Waaree Energies' value of 5.09 is 67.4% above this benchmark. Historically, Waaree Energies' own PB Ratio has ranged from 5.09 to 9.06 over the past decade. While the company's 10-year median is 7.63 vs. the industry median of 3.04, Waaree Energies 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 1,010 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. Waaree Energies's current PB Ratio of 5.09 is 67.4% 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 Waaree Energies 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. Waaree Energies's current PB Ratio is 5.09, which is 33% below median its own 10-year median of 7.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Energies stock overvalued right now?
Waaree Energies (BOM:544277) has a current PB Ratio of 5.09. The current PB Ratio is 5.09, which is 33% below median its 10-year median of 7.63 and 67.4% above the Semiconductors industry median of 3.04. Waaree Energies' overall GF Score™ is 50/100 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 Waaree Energies (BOM:544277), the current PB Ratio is 5.09 as of Sep. 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.
Waaree Energies Ltd is a manufacturer of solar PV modules in India. Its solar PV modules are currently manufactured using multicrystalline cell technology, monocrystalline cell technology and emerging technologies such as Tunnel Oxide Passivated Contact (TopCon). Its portfolio of solar energy products consists of the following PV modules: multicrystalline modules, monocrystalline modules, and TopCon modules, comprising flexible modules, which includes bifacial modules (Mono PERC) (framed and unframed), and building integrated photo voltaic (BIPV) modules. The Company operates only in one Business Segment i.e. Manufacturing & Trading of Solar Photovoltaic Modules.
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