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Apar IndustriesNSE:APARINDS +2.63%84 PB Ratio is 10.30 as of Jul. 30, 2026, which is 265% above its 10-year median of 2.82. GuruFocus rates NSE:APARINDS with a GF Score™ of 84/100 and a GF Value™ of ₹10,936.68 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,981 Industrial Products companies, Apar Industries ranks worse than 94.67% 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 (2026-07-30), Apar Industries's share price is ₹13835.00. Apar Industries's Book Value per Share for the quarter that ended in Jun. 2026 was ₹1,342.71. Hence, Apar Industries's PB Ratio of today is 10.30.
The historical rank and industry rank for Apar Industries's PB Ratio or its related term are showing as below:
NSE:APARINDS'
s PB Ratio Range Over the Past 10 Years
Min: 0.86 Med: 2.82 Max: 12.12
Current: 10.3
During the past 13 years, Apar Industries's highest PB Ratio was 12.12. The lowest was 0.86. And the median was 2.82.
NSE:APARINDS's PB Ratio is ranked worse than 94.67% of 2981
companies
in the Industrial Products industry
Industry Median: 2.05
vs NSE:APARINDS: 10.30
During the past 12 months, Apar Industries's average Book Value Per Share Growth Rate was 19.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 32.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 32.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 19.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Apar Industries was 38.20% per year. The lowest was 3.70% per year. And the median was 16.80% per year.
Back to Basics: PB Ratio
Apar Industries (NSE:APARINDS) 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.
Apar Industries PB Ratio Related Terms
Apar Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Apar 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 Electrical Equipment & Parts subindustry, Apar 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.
Apar Industries PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Apar Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Apar 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.
Apar Industries'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.
Apar Industries (NSE:APARINDS) has a PB Ratio of 10.30 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Apar Industries and its competitors. This is 265% above median its historical median of 2.82. Over the past decade, Apar Industries' PB Ratio has ranged from 0.86 to 12.12. According to the industry distribution chart, Apar Industries ranks #2822 out of 2981 companies in the Industrial Products industry, placing it in the top 94.7%.
Is Apar Industries' PB Ratio too high?
Apar Industries' current PB Ratio of 10.30 is 265% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 12.12. The Industrial Products industry median PB Ratio is 2.05. Apar Industries' value of 10.30 is 402.4% above this industry median. Based on the distribution chart, Apar Industries ranks #2822 out of 2981 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Apar Industries has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apar Industries' PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Apar Industries ranks #2822 out of 2981 companies for PB Ratio. This places Apar Industries in the lower half of its industry. The industry median PB Ratio is 2.05. Apar Industries' value of 10.30 is 402.4% above this benchmark. Historically, Apar Industries' own PB Ratio has ranged from 0.86 to 12.12 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 2.05, Apar 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 2.05, based on 2,981 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. Apar Industries's current PB Ratio of 10.30 is 402.4% 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 Apar Industries and its competitors. For the Industrial Products industry, the median PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apar Industries's current PB Ratio is 10.30, which is 265% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apar Industries stock overvalued right now?
Based on GuruFocus' analysis, Apar Industries (NSE:APARINDS) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹10,936.68, compared to a current price of ₹13,835.00 — trading 26.5% above its estimated fair value. The current PB Ratio is 10.30, which is 265% above median its 10-year median of 2.82 and 402.4% above the Industrial Products industry median of 2.05. Apar Industries' overall GF Score™ is 84/100 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 Apar Industries (NSE:APARINDS), the current PB Ratio is 10.30 as of Jul. 30, 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 Apar Industries (NSE:APARINDS) Overvalued in 2026?
Based on GuruFocus' analysis, Apar Industries stock appears to be overvalued.
The current stock price of ₹13,835.00 is trading 26.5% above its estimated GF Value™ of ₹10,936.68.
GuruFocus considers Apar Industries to be Modestly Overvalued.
Key valuation signals for NSE:APARINDS:
PB Ratio: 10.30 (265% above median its 10-year median of 2.82)
GF Value™: ₹10,936.68 vs. price of ₹13,835.00 (26.5% above fair value)
Industry Position: 402.4% above the Industrial Products median (#2822 of 2981)
No single metric tells the full story. See the NSE:APARINDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer & Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of its revenue from India. Its product categories include Transformer Oils, White Oils, Petroleum Jelly, Process Oils, Electrical cables, Elastomer and E-beam cables, Light duty cables and wires, Fibre optic cables, Automotive engine oils, Automotive gear oil, Transmission fluid, PICC conductors, Railway overhead conductors, Specialty wires.
84GF Score
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