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Ajax EngineeringNSE:AJAXENGG +2.33%21 PB Ratio is 4.99 as of Aug. 06, 2026, which is 11% below its 10-year median of 5.60. GuruFocus rates NSE:AJAXENGG with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 203 Farm & Heavy Construction Machinery companies, Ajax Engineering ranks worse than 89.66% 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 (2026-08-06), Ajax Engineering's share price is ₹607.65. Ajax Engineering's Book Value per Share for the quarter that ended in Mar. 2026 was ₹121.69. Hence, Ajax Engineering's PB Ratio of today is 4.99.
The historical rank and industry rank for Ajax Engineering's PB Ratio or its related term are showing as below:
NSE:AJAXENGG'
s PB Ratio Range Over the Past 10 Years
Min: 3.6 Med: 5.6 Max: 6.93
Current: 4.83
During the past 5 years, Ajax Engineering's highest PB Ratio was 6.93. The lowest was 3.60. And the median was 5.60.
NSE:AJAXENGG's PB Ratio is ranked worse than 89.66% of 203
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.55
vs NSE:AJAXENGG: 4.83
During the past 12 months, Ajax Engineering's average Book Value Per Share Growth Rate was 20.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 24.90% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Ajax Engineering was 26.00% per year. The lowest was 24.90% per year. And the median was 25.45% 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.
Ajax Engineering PB Ratio Related Terms
Ajax Engineering PB Ratio Historical Data
* Premium members only.
The historical data trend for Ajax Engineering'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.
NSE:AJAXENGG vs CAT, DE, PCAR: PB Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Ajax Engineering'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.
Ajax Engineering PB Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ajax Engineering's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ajax Engineering'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.
Ajax Engineering (NSE:AJAXENGG) has a PB Ratio of 4.99 as of Aug. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ajax Engineering and its competitors. This is 11% below median its historical median of 5.60. Over the past decade, Ajax Engineering's PB Ratio has ranged from 3.60 to 6.93. According to the industry distribution chart, Ajax Engineering ranks #182 out of 203 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 89.7%.
Is Ajax Engineering's PB Ratio too high?
Ajax Engineering's current PB Ratio of 4.99 is 11% below median its 10-year median of 5.60. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 6.93. The Farm & Heavy Construction Machinery industry median PB Ratio is 1.55. Ajax Engineering's value of 4.99 is 221.9% above this industry median. Based on the distribution chart, Ajax Engineering ranks #182 out of 203 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Ajax Engineering has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Ajax Engineering's PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ajax Engineering ranks #182 out of 203 companies for PB Ratio. This places Ajax Engineering in the lower half of its industry. The industry median PB Ratio is 1.55. Ajax Engineering's value of 4.99 is 221.9% above this benchmark. Historically, Ajax Engineering's own PB Ratio has ranged from 3.60 to 6.93 over the past decade. While the company's 10-year median is 5.60 vs. the industry median of 1.55, Ajax Engineering 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 Farm & Heavy Construction Machinery company?
The median PB Ratio among Farm & Heavy Construction Machinery companies is 1.55, based on 203 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. Ajax Engineering's current PB Ratio of 4.99 is 221.9% 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 Ajax Engineering and its competitors. For the Farm & Heavy Construction Machinery industry, the median PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajax Engineering's current PB Ratio is 4.99, which is 11% below median its own 10-year median of 5.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajax Engineering stock overvalued right now?
Ajax Engineering (NSE:AJAXENGG) has a current PB Ratio of 4.99. The current PB Ratio is 4.99, which is 11% below median its 10-year median of 5.60 and 221.9% above the Farm & Heavy Construction Machinery industry median of 1.55. Ajax Engineering's overall GF Score™ is 21/100 with 1 warning sign 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 Ajax Engineering (NSE:AJAXENGG), the current PB Ratio is 4.99 as of Aug. 06, 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.
Ajax Engineering Ltd concrete equipment manufacturer with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain.
21GF Score
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