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Ador WeldingNSE:ADOR -1.94%78 PB Ratio is 4.64 as of Jul. 23, 2026, which is 36% above its 10-year median of 3.42. GuruFocus rates NSE:ADOR with a GF Score™ of 78/100 and a GF Value™ of ₹1,179.65 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,982 Industrial Products companies, Ador Welding ranks worse than 78.54% 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), Ador Welding's share price is ₹1477.90. Ador Welding's Book Value per Share for the quarter that ended in Jun. 2026 was ₹318.59. Hence, Ador Welding's PB Ratio of today is 4.64.
Warning Sign:
Ador Welding Ltd stock PB Ratio (=4.65) is close to 2-year high of 4.65.
The historical rank and industry rank for Ador Welding's PB Ratio or its related term are showing as below:
NSE:ADOR'
s PB Ratio Range Over the Past 10 Years
Min: 1.03 Med: 3.42 Max: 6.29
Current: 4.65
During the past 13 years, Ador Welding's highest PB Ratio was 6.29. The lowest was 1.03. And the median was 3.42.
NSE:ADOR's PB Ratio is ranked worse than 78.54% of 2982
companies
in the Industrial Products industry
Industry Median: 2.14
vs NSE:ADOR: 4.65
During the past 12 months, Ador Welding's average Book Value Per Share Growth Rate was 9.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ador Welding was 25.80% per year. The lowest was -1.00% per year. And the median was 7.30% 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.
Ador Welding PB Ratio Related Terms
Ador Welding PB Ratio Historical Data
* Premium members only.
The historical data trend for Ador Welding'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, Ador Welding'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.
Ador Welding PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ador Welding's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ador Welding'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.
Ador Welding'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.
Ador Welding (NSE:ADOR) has a PB Ratio of 4.64 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 Ador Welding and its competitors. This is 36% above median its historical median of 3.42. Over the past decade, Ador Welding's PB Ratio has ranged from 1.03 to 6.29. According to the industry distribution chart, Ador Welding ranks #2342 out of 2982 companies in the Industrial Products industry, placing it in the top 78.5%.
Is Ador Welding's PB Ratio too high?
Ador Welding's current PB Ratio of 4.64 is 36% above median its 10-year median of 3.42. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 6.29. The Industrial Products industry median PB Ratio is 2.14. Ador Welding's value of 4.64 is 116.8% above this industry median. Based on the distribution chart, Ador Welding ranks #2342 out of 2982 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ador Welding has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ador Welding's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ador Welding ranks #2342 out of 2982 companies for PB Ratio. This places Ador Welding in the lower half of its industry. The industry median PB Ratio is 2.14. Ador Welding's value of 4.64 is 116.8% above this benchmark. Historically, Ador Welding's own PB Ratio has ranged from 1.03 to 6.29 over the past decade. While the company's 10-year median is 3.42 vs. the industry median of 2.14, Ador Welding 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 2.14, based on 2,982 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. Ador Welding's current PB Ratio of 4.64 is 116.8% 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 Ador Welding and its competitors. For the Industrial Products industry, the median PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ador Welding's current PB Ratio is 4.64, which is 36% above median its own 10-year median of 3.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ador Welding stock overvalued right now?
Based on GuruFocus' analysis, Ador Welding (NSE:ADOR) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,179.65, compared to a current price of ₹1,477.90 — trading 25.3% above its estimated fair value. The current PB Ratio is 4.64, which is 36% above median its 10-year median of 3.42 and 116.8% above the Industrial Products industry median of 2.14. Ador Welding's overall GF Score™ is 78/100 with 4 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 Ador Welding (NSE:ADOR), the current PB Ratio is 4.64 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 Ador Welding (NSE:ADOR) Overvalued in 2026?
Based on GuruFocus' analysis, Ador Welding stock appears to be overvalued.
The current stock price of ₹1,477.90 is trading 25.3% above its estimated GF Value™ of ₹1,179.65.
GuruFocus considers Ador Welding to be Modestly Overvalued.
Key valuation signals for NSE:ADOR:
PB Ratio: 4.64 (36% above median its 10-year median of 3.42)
GF Value™: ₹1,179.65 vs. price of ₹1,477.90 (25.3% above fair value)
Industry Position: 116.8% above the Industrial Products median (#2342 of 2982)
No single metric tells the full story. See the NSE:ADOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ador Welding Ltd is a welding and cutting solution provider offering welding consumables, and equipment, automation solutions, and skill development. The strategic business units are welding electrodes, wires, and fluxes, welding and cutting equipment, gas cutting, PPE and accessories and CNC machines, project engineering solutions, and welding automation. The Company has three reportable business segments: i) Products ii) Services; and iii) Maintenance & Reclamation (M&R). Geographically, the company generates a majority of its revenue within India and the rest from other markets.
78GF Score
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