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.
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.
Aaron IndustriesNSE:AARON +0.48%84 PB Ratio is 6.07 as of Aug. 14, 2026, which is 22% below its 10-year median of 7.80. GuruFocus rates NSE:AARON with a GF Score™ of 84/100 and a GF Value™ of ₹210.97 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,980 Industrial Products companies, Aaron Industries ranks worse than 84.73% 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 (2026-08-14), Aaron Industries's share price is ₹140.95. Aaron Industries's Book Value per Share for the quarter that ended in Mar. 2026 was ₹23.21. Hence, Aaron Industries's PB Ratio of today is 6.07.
The historical rank and industry rank for Aaron Industries's PB Ratio or its related term are showing as below:
NSE:AARON'
s PB Ratio Range Over the Past 10 Years
Min: 2 Med: 7.8 Max: 11.11
Current: 6.07
During the past 13 years, Aaron Industries's highest PB Ratio was 11.11. The lowest was 2.00. And the median was 7.80.
NSE:AARON's PB Ratio is ranked worse than 84.73% of 2980
companies
in the Industrial Products industry
Industry Median: 2.215
vs NSE:AARON: 6.07
During the past 12 months, Aaron Industries's average Book Value Per Share Growth Rate was 13.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 31.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 33.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 64.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Aaron Industries was 302.70% per year. The lowest was 19.90% per year. And the median was 46.10% 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.
Aaron Industries PB Ratio Related Terms
Aaron Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Aaron 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.
For the Specialty Industrial Machinery subindustry, Aaron 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.
Aaron Industries PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Aaron Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Aaron Industries'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.
Aaron Industries (NSE:AARON) has a PB Ratio of 6.07 as of Aug. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Aaron Industries and its competitors. This is 22% below median its historical median of 7.80. Over the past decade, Aaron Industries' PB Ratio has ranged from 2.00 to 11.11. According to the industry distribution chart, Aaron Industries ranks #2525 out of 2980 companies in the Industrial Products industry, placing it in the top 84.7%.
Is Aaron Industries' PB Ratio too high?
Aaron Industries' current PB Ratio of 6.07 is 22% below median its 10-year median of 7.80. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 11.11. The Industrial Products industry median PB Ratio is 2.22. Aaron Industries' value of 6.07 is 174% above this industry median. Based on the distribution chart, Aaron Industries ranks #2525 out of 2980 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Aaron Industries has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aaron Industries' PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Aaron Industries ranks #2525 out of 2980 companies for PB Ratio. This places Aaron Industries in the lower half of its industry. The industry median PB Ratio is 2.22. Aaron Industries' value of 6.07 is 174% above this benchmark. Historically, Aaron Industries' own PB Ratio has ranged from 2.00 to 11.11 over the past decade. While the company's 10-year median is 7.80 vs. the industry median of 2.22, Aaron Industries 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.22, based on 2,980 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. Aaron Industries's current PB Ratio of 6.07 is 174% 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 Aaron Industries and its competitors. For the Industrial Products industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aaron Industries's current PB Ratio is 6.07, which is 22% below median its own 10-year median of 7.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aaron Industries stock overvalued right now?
Based on GuruFocus' analysis, Aaron Industries (NSE:AARON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹210.97, compared to a current price of ₹140.95 — trading 33.2% below its estimated fair value. The current PB Ratio is 6.07, which is 22% below median its 10-year median of 7.80 and 174% above the Industrial Products industry median of 2.22. Aaron Industries' overall GF Score™ is 84/100 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 Aaron Industries (NSE:AARON), the current PB Ratio is 6.07 as of Aug. 14, 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 Aaron Industries (NSE:AARON) Overvalued in 2026?
Based on GuruFocus' analysis, Aaron Industries stock appears to be undervalued.
The current stock price of ₹140.95 is trading 33.2% below its estimated GF Value™ of ₹210.97.
GuruFocus considers Aaron Industries to be Significantly Undervalued.
Key valuation signals for NSE:AARON:
PB Ratio: 6.07 (22% below median its 10-year median of 7.80)
GF Value™: ₹210.97 vs. price of ₹140.95 (33.2% below fair value)
Industry Position: 174% above the Industrial Products median (#2525 of 2980)
No single metric tells the full story. See the NSE:AARON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aaron Industries Ltd is an India-based company engaged in the manufacturing and trading of elevator and elevator parts and Steel Polishing. The company's reportable segment includes the Elevator division and the Steel Polishing division. It generates maximum revenue from the Elevator division segment. The company's products include an autodoor system, elevator cabinets, door operators, swing doors, manual doors, and gearless machines.
84GF Score
Get the complete analysis for NSE:AARON
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:AARON has been successfully added to your 
