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Carel Industries SpAMIL:CRL -1.07%97 PB Ratio is 6.24 as of Jul. 16, 2026, which is 37% below its 10-year median of 9.87. GuruFocus rates MIL:CRL with a GF Score™ of 97/100 and a GF Value™ of €24.02 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,419 Hardware companies, Carel Industries SpA ranks worse than 82.64% on this metric.
Carel Industries SpA stock PB Ratio (=6.43) is close to 2-year high of 7.02.
The historical rank and industry rank for Carel Industries SpA's PB Ratio or its related term are showing as below:
MIL:CRL'
s PB Ratio Range Over the Past 10 Years
Min: 3.99 Med: 9.87 Max: 22.79
Current: 6.43
During the past 12 years, Carel Industries SpA's highest PB Ratio was 22.79. The lowest was 3.99. And the median was 9.87.
MIL:CRL's PB Ratio is ranked worse than 82.64% of 2419
companies
in the Hardware industry
Industry Median: 2.31
vs MIL:CRL: 6.43
During the past 12 months, Carel Industries SpA's average Book Value Per Share Growth Rate was 13.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 28.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 27.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.70% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Carel Industries SpA was 36.90% per year. The lowest was 5.30% per year. And the median was 11.75% per year.
Back to Basics: PB Ratio
Carel Industries SpA (MIL:CRL) PB Ratio Explanation
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.
Carel Industries SpA PB Ratio Related Terms
Carel Industries SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Carel Industries SpA'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 Electronic Components subindustry, Carel Industries SpA'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.
Carel Industries SpA PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Carel Industries SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Carel Industries SpA'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.
* 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.
Carel Industries SpA (MIL:CRL) has a PB Ratio of 6.24 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Carel Industries SpA and its competitors. This is 37% below median its historical median of 9.87. Over the past decade, Carel Industries SpA's PB Ratio has ranged from 3.99 to 22.79. According to the industry distribution chart, Carel Industries SpA ranks #1999 out of 2419 companies in the Hardware industry, placing it in the top 82.6%.
Is Carel Industries SpA's PB Ratio too high?
Carel Industries SpA's current PB Ratio of 6.24 is 37% below median its 10-year median of 9.87. Over the past 10 years, this metric has ranged from a low of 3.99 to a high of 22.79. The Hardware industry median PB Ratio is 2.31. Carel Industries SpA's value of 6.24 is 170.1% above this industry median. Based on the distribution chart, Carel Industries SpA ranks #1999 out of 2419 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Carel Industries SpA has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carel Industries SpA's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Carel Industries SpA ranks #1999 out of 2419 companies for PB Ratio. This places Carel Industries SpA in the lower half of its industry. The industry median PB Ratio is 2.31. Carel Industries SpA's value of 6.24 is 170.1% above this benchmark. Historically, Carel Industries SpA's own PB Ratio has ranged from 3.99 to 22.79 over the past decade. While the company's 10-year median is 9.87 vs. the industry median of 2.31, Carel Industries SpA 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 Hardware company?
The median PB Ratio among Hardware companies is 2.31, based on 2,419 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. Carel Industries SpA's current PB Ratio of 6.24 is 170.1% 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 Carel Industries SpA and its competitors. For the Hardware industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carel Industries SpA's current PB Ratio is 6.24, which is 37% below median its own 10-year median of 9.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carel Industries SpA stock overvalued right now?
Based on GuruFocus' analysis, Carel Industries SpA (MIL:CRL) is currently considered Modestly Overvalued. The stock's GF Value™ is €24.02, compared to a current price of €27.70 — trading 15.3% above its estimated fair value. The current PB Ratio is 6.24, which is 37% below median its 10-year median of 9.87 and 170.1% above the Hardware industry median of 2.31. Carel Industries SpA's overall GF Score™ is 97/100 with 5 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 Carel Industries SpA (MIL:CRL), the current PB Ratio is 6.24 as of Jul. 16, 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 Carel Industries SpA (MIL:CRL) Overvalued in 2026?
Based on GuruFocus' analysis, Carel Industries SpA stock appears to be overvalued.
The current stock price of €27.70 is trading 15.3% above its estimated GF Value™ of €24.02.
GuruFocus considers Carel Industries SpA to be Modestly Overvalued.
Key valuation signals for MIL:CRL:
PB Ratio: 6.24 (37% below median its 10-year median of 9.87)
GF Value™: €24.02 vs. price of €27.70 (15.3% above fair value)
Industry Position: 170.1% above the Hardware median (#1999 of 2419)
No single metric tells the full story. See the MIL:CRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carel Industries SpA manufactures control systems and humidification for air conditioning and refrigeration. The group provides control solutions for the commercial, industrial, and residential air-conditioning and refrigeration (HVAC/R) markets. Its geographical segments are Europe, the Middle East and Africa, North America, South America, and APAC. The company's industrial applications for the air-conditioning sector are designed for data centers. Its products include programmable controls, room terminals, Isothermal Humidifiers, Sensors and protection devices, Sensors and protection devices, and others. The company derives maximum revenue from Europe, the Middle East, and Africa segment.
97GF Score
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