Apollo PipesNSE:APOLLOPIPE +4.80%78 PB Ratio is 2.74 as of Jul. 12, 2026, which is 20% below its 10-year median of 3.42. GuruFocus rates NSE:APOLLOPIPE with a GF Score™ of 78/100 and a GF Value™ of ₹500.13 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,720 Construction companies, Apollo Pipes ranks worse than 72.15% 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 (2026-07-12), Apollo Pipes's share price is ₹511.10. Apollo Pipes's Book Value per Share for the quarter that ended in Mar. 2026 was ₹186.51. Hence, Apollo Pipes's PB Ratio of today is 2.74.
Warning Sign:
Apollo Pipes Ltd stock PB Ratio (=2.74) is close to 1-year high of 2.8.
The historical rank and industry rank for Apollo Pipes's PB Ratio or its related term are showing as below:
NSE:APOLLOPIPE'
s PB Ratio Range Over the Past 10 Years
Min: 1.1 Med: 3.42 Max: 6.75
Current: 2.74
During the past 13 years, Apollo Pipes's highest PB Ratio was 6.75. The lowest was 1.10. And the median was 3.42.
NSE:APOLLOPIPE's PB Ratio is ranked worse than 72.15% of 1720
companies
in the Construction industry
Industry Median: 1.33
vs NSE:APOLLOPIPE: 2.74
During the past 12 months, Apollo Pipes's average Book Value Per Share Growth Rate was 3.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Apollo Pipes was 114.10% per year. The lowest was 4.20% per year. And the median was 17.60% per year.
Back to Basics: PB Ratio
Apollo Pipes (NSE:APOLLOPIPE) 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.
Apollo Pipes PB Ratio Related Terms
Apollo Pipes PB Ratio Historical Data
* Premium members only.
The historical data trend for Apollo Pipes'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:APOLLOPIPE vs TT, JCI, CARR: PB Ratio Comparison
For the Building Products & Equipment subindustry, Apollo Pipes'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.
Apollo Pipes PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Apollo Pipes's PB Ratio distribution charts can be found below:
* The bar in red indicates where Apollo Pipes'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.
Apollo Pipes'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.
Apollo Pipes (NSE:APOLLOPIPE) has a PB Ratio of 2.74 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Apollo Pipes and its competitors. This is 20% below median its historical median of 3.42. Over the past decade, Apollo Pipes' PB Ratio has ranged from 1.10 to 6.75. According to the industry distribution chart, Apollo Pipes ranks #1241 out of 1720 companies in the Construction industry, placing it in the top 72.2%.
Is Apollo Pipes' PB Ratio too high?
Apollo Pipes' current PB Ratio of 2.74 is 20% below median its 10-year median of 3.42. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 6.75. The Construction industry median PB Ratio is 1.33. Apollo Pipes' value of 2.74 is 106% above this industry median. Based on the distribution chart, Apollo Pipes ranks #1241 out of 1720 companies in the Construction industry, which is below the industry midpoint. Overall, Apollo Pipes has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apollo Pipes' PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Apollo Pipes ranks #1241 out of 1720 companies for PB Ratio. This places Apollo Pipes in the lower half of its industry. The industry median PB Ratio is 1.33. Apollo Pipes' value of 2.74 is 106% above this benchmark. Historically, Apollo Pipes' own PB Ratio has ranged from 1.10 to 6.75 over the past decade. While the company's 10-year median is 3.42 vs. the industry median of 1.33, Apollo Pipes 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 Construction company?
The median PB Ratio among Construction companies is 1.33, based on 1,720 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. Apollo Pipes's current PB Ratio of 2.74 is 106% 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 Apollo Pipes and its competitors. For the Construction industry, the median PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apollo Pipes's current PB Ratio is 2.74, which is 20% below 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 Apollo Pipes stock overvalued right now?
Based on GuruFocus' analysis, Apollo Pipes (NSE:APOLLOPIPE) is currently considered Fairly Valued. The stock's GF Value™ is ₹500.13, compared to a current price of ₹511.10 — trading 2.2% above its estimated fair value. The current PB Ratio is 2.74, which is 20% below median its 10-year median of 3.42 and 106% above the Construction industry median of 1.33. Apollo Pipes' overall GF Score™ is 78/100 with 9 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 Apollo Pipes (NSE:APOLLOPIPE), the current PB Ratio is 2.74 as of Jul. 12, 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 Apollo Pipes (NSE:APOLLOPIPE) Overvalued in 2026?
Based on GuruFocus' analysis, Apollo Pipes stock appears to be overvalued.
The current stock price of ₹511.10 is trading 2.2% above its estimated GF Value™ of ₹500.13.
GuruFocus considers Apollo Pipes to be Fairly Valued.
Key valuation signals for NSE:APOLLOPIPE:
PB Ratio: 2.74 (20% below median its 10-year median of 3.42)
GF Value™: ₹500.13 vs. price of ₹511.10 (2.2% above fair value)
Industry Position: 106% above the Construction median (#1241 of 1720)
No single metric tells the full story. See the NSE:APOLLOPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apollo Pipes Ltd is engaged in the business of manufacturing and trading a wide variety of PVC pipes and related products used for agriculture, building and construction, and industrial purposes. The product portfolio includes CPVC pipes and fittings, uPVC and fittings (Threaded and Non-Threaded), SWR pipes and fittings, Sewerage pipes, HDPE pipes and fittings, Sprinkler Systems, uPVC pressure pipes and fittings, uPVC column pipes, and Solvent cement, among others. The Key customer segments for the company include Agriculture, Water Management, Long Distance water conveyance, Construction, Oil and Gas, and Telecom Ducting.
78GF Score
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