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Astron Paper & Board MillNSE:ASTRON +4.81%33 PB Ratio is 0.27 as of Jul. 22, 2026, which is 72% below its 10-year median of 0.97. GuruFocus rates NSE:ASTRON with a GF Score™ of 33/100 and a GF Value™ of ₹0.28 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 272 Forest Products companies, Astron Paper & Board Mill ranks better than 87.87% on this metric.
Astron Paper & Board Mill Ltd stock PB Ratio (=0.26) is close to 10-year low of 0.25.
The historical rank and industry rank for Astron Paper & Board Mill's PB Ratio or its related term are showing as below:
NSE:ASTRON'
s PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.97 Max: 10.3
Current: 0.27
During the past 13 years, Astron Paper & Board Mill's highest PB Ratio was 10.30. The lowest was 0.25. And the median was 0.97.
NSE:ASTRON's PB Ratio is ranked better than 87.87% of 272
companies
in the Forest Products industry
Industry Median: 0.78
vs NSE:ASTRON: 0.27
During the past 12 months, Astron Paper & Board Mill's average Book Value Per Share Growth Rate was -25.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -24.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -17.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Astron Paper & Board Mill was 62.70% per year. The lowest was -24.70% per year. And the median was 11.70% per year.
Back to Basics: PB Ratio
Astron Paper & Board Mill (NSE:ASTRON) 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.
Astron Paper & Board Mill PB Ratio Related Terms
Astron Paper & Board Mill PB Ratio Historical Data
* 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.
Astron Paper & Board Mill PB Ratio Competitor Comparison
For the Paper & Paper Products subindustry, Astron Paper & Board Mill'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.
Astron Paper & Board Mill PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Astron Paper & Board Mill's PB Ratio distribution charts can be found below:
* The bar in red indicates where Astron Paper & Board Mill'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.
Astron Paper & Board Mill (NSE:ASTRON) has a PB Ratio of 0.27 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Astron Paper & Board Mill and its competitors. This is 72% below median its historical median of 0.97. Over the past decade, Astron Paper & Board Mill's PB Ratio has ranged from 0.25 to 10.30. According to the industry distribution chart, Astron Paper & Board Mill ranks #33 out of 272 companies in the Forest Products industry, placing it in the top 12.1%.
Is Astron Paper & Board Mill's PB Ratio too high?
Astron Paper & Board Mill's current PB Ratio of 0.27 is 72% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 10.30. The Forest Products industry median PB Ratio is 0.78. Astron Paper & Board Mill's value of 0.27 is 65.4% below this industry median. Based on the distribution chart, Astron Paper & Board Mill ranks #33 out of 272 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Astron Paper & Board Mill has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astron Paper & Board Mill's PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Astron Paper & Board Mill ranks #33 out of 272 companies for PB Ratio. This places Astron Paper & Board Mill in the top 12% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.78. Astron Paper & Board Mill's value of 0.27 is 65.4% below this benchmark. Historically, Astron Paper & Board Mill's own PB Ratio has ranged from 0.25 to 10.30 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.78, Astron Paper & Board Mill 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.78, based on 272 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. Astron Paper & Board Mill's current PB Ratio of 0.27 is 65.4% 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 Astron Paper & Board Mill and its competitors. For the Forest Products industry, the median PB Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astron Paper & Board Mill's current PB Ratio is 0.27, which is 72% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astron Paper & Board Mill stock overvalued right now?
Based on GuruFocus' analysis, Astron Paper & Board Mill (NSE:ASTRON) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.28, compared to a current price of ₹3.92 — trading 1300% above its estimated fair value. The current PB Ratio is 0.27, which is 72% below median its 10-year median of 0.97 and 65.4% below the Forest Products industry median of 0.78. Astron Paper & Board Mill's overall GF Score™ is 33/100 with 7 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 Astron Paper & Board Mill (NSE:ASTRON), the current PB Ratio is 0.27 as of Jul. 22, 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 Astron Paper & Board Mill (NSE:ASTRON) Overvalued in 2026?
Based on GuruFocus' analysis, Astron Paper & Board Mill stock appears to be overvalued.
The current stock price of ₹3.92 is trading 1300% above its estimated GF Value™ of ₹0.28.
GuruFocus considers Astron Paper & Board Mill to be Significantly Overvalued.
Key valuation signals for NSE:ASTRON:
PB Ratio: 0.27 (72% below median its 10-year median of 0.97)
GF Value™: ₹0.28 vs. price of ₹3.92 (1300% above fair value)
Industry Position: 65.4% below the Forest Products median (#33 of 272)
No single metric tells the full story. See the NSE:ASTRON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astron Paper & Board Mill Ltd is a prominent Indian company specializing in the manufacturing of recycled corrugated paper and Kraft paper derived from waste paper. The company mainly focuses on producing a wide range of Kraft papers that serve various packaging needs. Its product portfolio includes varied products like VTL, High RCT, Kraft Liner, Test Liner, and Corrugated Medium Paper, ranging mainly from 80 GSM to 350 GSM and 16 to 40 BF. The company's dominant source of income is from the sale of Kraft paper.
33GF Score
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