National Polymer Industries (DHA:NPOLYMER) PB Ratio: 1.21 (As of Jul. 25, 2026) — 32% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

DHA:NPOLYMER National Polymer Industries PLC DHA:NPOLYMER
68 GF Score
Price BDT35.60
GF Value BDT17.25
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is National Polymer Industries PB Ratio?

National Polymer Industries DHA:NPOLYMER -4.04% 68 PB Ratio is 1.21 as of Jul. 25, 2026, which is 32% below its 10-year median of 1.78. GuruFocus rates DHA:NPOLYMER with a GF Score™ of 68/100 and a GF Value™ of BDT17.25 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,722 Construction companies, National Polymer Industries ranks better than 53.25% 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 (2026-07-25), National Polymer Industries's share price is BDT35.60. National Polymer Industries's Book Value per Share for the quarter that ended in Mar. 2026 was BDT29.48. Hence, National Polymer Industries's PB Ratio of today is 1.21.

Warning Sign:

National Polymer Industries PLC stock PB Ratio (=1.21) is close to 1-year high of 1.21.

The historical rank and industry rank for National Polymer Industries's PB Ratio or its related term are showing as below:

DHA:NPOLYMER' s PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.78   Max: 3.3
Current: 1.21

During the past 13 years, National Polymer Industries's highest PB Ratio was 3.30. The lowest was 0.80. And the median was 1.78.

DHA:NPOLYMER's PB Ratio is ranked better than
53.25% of 1722 companies
in the Construction industry
Industry Median: 1.32 vs DHA:NPOLYMER: 1.21

During the past 12 months, National Polymer Industries's average Book Value Per Share Growth Rate was -2.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of National Polymer Industries was 35.90% per year. The lowest was 1.20% per year. And the median was 9.70% per year.

Back to Basics: PB Ratio


National Polymer Industries  (DHA:NPOLYMER) 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.


National Polymer Industries PB Ratio Related Terms


National Polymer Industries PB Ratio Historical Data

* Premium members only.

The historical data trend for National Polymer Industries'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.

National Polymer Industries PB Ratio Chart

National Polymer Industries Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 1.86 1.72 1.28 0.94

National Polymer Industries 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 1.01 0.94 1.07 0.90 0.92

DHA:NPOLYMER vs TT, JCI, CARR: PB Ratio Comparison

For the Building Products & Equipment subindustry, National Polymer 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.


National Polymer Industries PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, National Polymer Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where National Polymer Industries's PB Ratio falls into.


DHA:NPOLYMER
68GF Score
National Polymer Industries PLC DHA:NPOLYMER
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Polymer Industries 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.

National Polymer Industries's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=35.60/29.479
=1.21

* 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 1.21 mean?
National Polymer Industries (DHA:NPOLYMER) has a PB Ratio of 1.21 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on National Polymer Industries and its competitors. This is 32% below median its historical median of 1.78. Over the past decade, National Polymer Industries' PB Ratio has ranged from 0.80 to 3.30. According to the industry distribution chart, National Polymer Industries ranks #805 out of 1722 companies in the Construction industry, placing it in the top 46.7%.
Is National Polymer Industries' PB Ratio too high?
National Polymer Industries' current PB Ratio of 1.21 is 32% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 3.30. The Construction industry median PB Ratio is 1.32. National Polymer Industries' value of 1.21 is 8.3% below this industry median. Based on the distribution chart, National Polymer Industries ranks #805 out of 1722 companies in the Construction industry, which is above the industry midpoint. Overall, National Polymer Industries has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Polymer Industries' PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, National Polymer Industries ranks #805 out of 1722 companies for PB Ratio. This puts National Polymer Industries in the upper half of its industry. The industry median PB Ratio is 1.32. National Polymer Industries' value of 1.21 is 8.3% below this benchmark. Historically, National Polymer Industries' own PB Ratio has ranged from 0.80 to 3.30 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.32, National Polymer Industries 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 Construction company?
The median PB Ratio among Construction companies is 1.32, based on 1,722 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. National Polymer Industries's current PB Ratio of 1.21 is 8.3% 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 National Polymer Industries and its competitors. For the Construction industry, the median PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Polymer Industries's current PB Ratio is 1.21, which is 32% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Polymer Industries stock overvalued right now?
Based on GuruFocus' analysis, National Polymer Industries (DHA:NPOLYMER) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT17.25, compared to a current price of BDT35.60 — trading 106.4% above its estimated fair value. The current PB Ratio is 1.21, which is 32% below median its 10-year median of 1.78 and 8.3% below the Construction industry median of 1.32. National Polymer Industries' overall GF Score™ is 68/100 with 10 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 National Polymer Industries (DHA:NPOLYMER), the current PB Ratio is 1.21 as of Jul. 25, 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 National Polymer Industries (DHA:NPOLYMER) Overvalued in 2026?

Based on GuruFocus' analysis, National Polymer Industries stock appears to be overvalued. The current stock price of BDT35.60 is trading 106.4% above its estimated GF Value™ of BDT17.25. GuruFocus considers National Polymer Industries to be Significantly Overvalued.

Key valuation signals for DHA:NPOLYMER:

  • PB Ratio: 1.21 (32% below median its 10-year median of 1.78)
  • GF Value™: BDT17.25 vs. price of BDT35.60 (106.4% above fair value)
  • GF Score™: 68/100 with 10 warning signs
  • Industry Position: 8.3% below the Construction median (#805 of 1722)

No single metric tells the full story. See the DHA:NPOLYMER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Polymer Industries Business Description

Address GA-99/3, Pragati Shoroni, Npoly House, Middle Badda, Dhaka, BGD, 1212
National Polymer Industries PLC is engaged in manufacturing a wide range of plastic products for building, construction, sanitation and irrigation applications. It owns and operates PVC Pipes, PVC Water Tanks, PVC Doors and Bottle grade PVC Compound Manufacturing Plant, produces and markets the same in the local and foreign markets. The company generates revenue from the sale of its products.
68GF Score

Get the complete analysis for DHA:NPOLYMER

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT35.60
Price
BDT17.25
GF Value