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Chemring GroupLSE:CHG +2.33%83 PB Ratio is 4.35 as of Jul. 23, 2026, which is 98% above its 10-year median of 2.20. GuruFocus rates LSE:CHG with a GF Score™ of 83/100 and a GF Value™ of £4.35 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 342 Aerospace & Defense companies, Chemring Group ranks worse than 60.82% 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 (2026-07-23), Chemring Group's share price is £5.935. Chemring Group's Book Value per Share for the quarter that ended in Apr. 2026 was £1.36. Hence, Chemring Group's PB Ratio of today is 4.35.
Warning Sign:
Chemring Group PLC stock PB Ratio (=4.09) is close to 10-year high of 4.43.
The historical rank and industry rank for Chemring Group's PB Ratio or its related term are showing as below:
LSE:CHG'
s PB Ratio Range Over the Past 10 Years
Min: 0.98 Med: 2.2 Max: 4.43
Current: 4.36
During the past 13 years, Chemring Group's highest PB Ratio was 4.43. The lowest was 0.98. And the median was 2.20.
LSE:CHG's PB Ratio is ranked worse than 60.82% of 342
companies
in the Aerospace & Defense industry
Industry Median: 3.49
vs LSE:CHG: 4.36
During the past 12 months, Chemring Group's average Book Value Per Share Growth Rate was 4.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Chemring Group was 77.60% per year. The lowest was -14.10% per year. And the median was 5.80% 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.
Chemring Group PB Ratio Related Terms
Chemring Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Chemring Group'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 Aerospace & Defense subindustry, Chemring Group'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.
Chemring Group PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Chemring Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Chemring Group'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.
Chemring Group'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.
Chemring Group (LSE:CHG) has a PB Ratio of 4.35 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Chemring Group and its competitors. This is 98% above median its historical median of 2.20. Over the past decade, Chemring Group's PB Ratio has ranged from 0.98 to 4.43. According to the industry distribution chart, Chemring Group ranks #208 out of 342 companies in the Aerospace & Defense industry, placing it in the top 60.8%.
Is Chemring Group's PB Ratio too high?
Chemring Group's current PB Ratio of 4.35 is 98% above median its 10-year median of 2.20. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 4.43. The Aerospace & Defense industry median PB Ratio is 3.49. Chemring Group's value of 4.35 is 24.6% above this industry median. Based on the distribution chart, Chemring Group ranks #208 out of 342 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Chemring Group has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chemring Group's PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Chemring Group ranks #208 out of 342 companies for PB Ratio. This places Chemring Group in the lower half of its industry. The industry median PB Ratio is 3.49. Chemring Group's value of 4.35 is 24.6% above this benchmark. Historically, Chemring Group's own PB Ratio has ranged from 0.98 to 4.43 over the past decade. While the company's 10-year median is 2.20 vs. the industry median of 3.49, Chemring Group 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 an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.49, based on 342 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. Chemring Group's current PB Ratio of 4.35 is 24.6% 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 Chemring Group and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chemring Group's current PB Ratio is 4.35, which is 98% above median its own 10-year median of 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chemring Group stock overvalued right now?
Based on GuruFocus' analysis, Chemring Group (LSE:CHG) is currently considered Significantly Overvalued. The stock's GF Value™ is £4.35, compared to a current price of £5.94 — trading 36.4% above its estimated fair value. The current PB Ratio is 4.35, which is 98% above median its 10-year median of 2.20 and 24.6% above the Aerospace & Defense industry median of 3.49. Chemring Group's overall GF Score™ is 83/100 with 6 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 Chemring Group (LSE:CHG), the current PB Ratio is 4.35 as of Jul. 23, 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 Chemring Group (LSE:CHG) Overvalued in 2026?
Based on GuruFocus' analysis, Chemring Group stock appears to be overvalued.
The current stock price of £5.94 is trading 36.4% above its estimated GF Value™ of £4.35.
GuruFocus considers Chemring Group to be Significantly Overvalued.
Key valuation signals for LSE:CHG:
PB Ratio: 4.35 (98% above median its 10-year median of 2.20)
GF Value™: £4.35 vs. price of £5.94 (36.4% above fair value)
Industry Position: 24.6% above the Aerospace & Defense median (#208 of 342)
No single metric tells the full story. See the LSE:CHG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chemring Group PLC is a defense technology company. The company's operating segment include: i) Countermeasures and Energetics segment: It is engaged in the development and manufacturing of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators, and energetic materials, ii) Sensors and Information: it is engaged in the development and manufacturing of electronic countermeasures, chemical and biological threat detection equipment, and explosive hazard detection (EHD) equipment. It generated the majority of the revenue from the Countermeasures and Energetics segment. Geographically, the maximum revenue is generated from the USA.
83GF Score
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