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Armour Security (India)NSE:ARMOUR +3.60%17 PB Ratio is 1.48 as of Jul. 25, 2026, which is 26% below its 10-year median of 2.01. GuruFocus rates NSE:ARMOUR with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 1,047 Business Services companies, Armour Security (India) ranks better than 56.92% on this metric.
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.
* 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.
Armour Security (India) PB Ratio Chart
Armour Security (India) Annual Data
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NSE:ARMOUR vs ALLE, MSA, ADT: PB Ratio Comparison
For the Security & Protection Services subindustry, Armour Security (India)'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.
Armour Security (India) PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Armour Security (India)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Armour Security (India)'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.
Armour Security (India) (NSE:ARMOUR) has a PB Ratio of 1.48 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Armour Security (India) and its competitors. This is 26% below median its historical median of 2.01. Over the past decade, Armour Security (India)'s PB Ratio has ranged from 1.43 to 3.97. According to the industry distribution chart, Armour Security (India) ranks #451 out of 1047 companies in the Business Services industry, placing it in the top 43.1%.
Is Armour Security (India)'s PB Ratio too high?
Armour Security (India)'s current PB Ratio of 1.48 is 26% below median its 10-year median of 2.01. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 3.97. The Business Services industry median PB Ratio is 1.65. Armour Security (India)'s value of 1.48 is 10.3% below this industry median. Based on the distribution chart, Armour Security (India) ranks #451 out of 1047 companies in the Business Services industry, which is above the industry midpoint. Overall, Armour Security (India) has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Armour Security (India)'s PB Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, Armour Security (India) ranks #451 out of 1047 companies for PB Ratio. This puts Armour Security (India) in the upper half of its industry. The industry median PB Ratio is 1.65. Armour Security (India)'s value of 1.48 is 10.3% below this benchmark. Historically, Armour Security (India)'s own PB Ratio has ranged from 1.43 to 3.97 over the past decade. While the company's 10-year median is 2.01 vs. the industry median of 1.65, Armour Security (India) has consistently been below 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 Business Services company?
The median PB Ratio among Business Services companies is 1.65, based on 1,047 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. Armour Security (India)'s current PB Ratio of 1.48 is 10.3% below 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 Armour Security (India) and its competitors. For the Business Services industry, the median PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armour Security (India)'s current PB Ratio is 1.48, which is 26% below median its own 10-year median of 2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armour Security (India) stock overvalued right now?
Armour Security (India) (NSE:ARMOUR) has a current PB Ratio of 1.48. The current PB Ratio is 1.48, which is 26% below median its 10-year median of 2.01 and 10.3% below the Business Services industry median of 1.65. Armour Security (India)'s overall GF Score™ is 17/100 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 Armour Security (India) (NSE:ARMOUR), the current PB Ratio is 1.48 as of Jul. 25, 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.
Armour Security (India) Ltd is engaged in providing comprehensive and customised Security services, Facility Management services, and Recruitment and Staffing solutions across India. It also specializes in providing ancillary services like event support and branding content creation. The company's consultancy services include Transition and Deputation Process Service, Mechanical Clean Service, House Keeping Service, Fire Fighting Service, Supervision Service and Reviews of the Service. Additionally, it offers consulting and advisory services and provides self-service technologies. The company derives the majority of revenue from the provision of Security and other Manpower Services.
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