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Ather EnergyNSE:ATHERENERG -1.99%6 PB Ratio is 17.98 as of Jul. 26, 2026, which is 41% above its 10-year median of 12.75. GuruFocus rates NSE:ATHERENERG with a GF Score™ of 6/100. The stock has 4 warning signs investors should review. Among 1,293 Vehicles & Parts companies, Ather Energy ranks worse than 98.84% 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 (2026-07-26), Ather Energy's share price is ₹1208.70. Ather Energy's Book Value per Share for the quarter that ended in Mar. 2026 was ₹67.23. Hence, Ather Energy's PB Ratio of today is 17.98.
Warning Sign:
Ather Energy Ltd stock PB Ratio (=17.98) is close to 1-year high of 19.07.
The historical rank and industry rank for Ather Energy's PB Ratio or its related term are showing as below:
NSE:ATHERENERG'
s PB Ratio Range Over the Past 10 Years
Min: 8.29 Med: 12.75 Max: 19.07
Current: 17.98
During the past 5 years, Ather Energy's highest PB Ratio was 19.07. The lowest was 8.29. And the median was 12.75.
NSE:ATHERENERG's PB Ratio is ranked worse than 98.84% of 1293
companies
in the Vehicles & Parts industry
Industry Median: 1.35
vs NSE:ATHERENERG: 17.98
During the past 3 years, the average Book Value Per Share Growth Rate was 59.80% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Ather Energy was 59.80% per year. The lowest was 59.80% per year. And the median was 59.80% per year.
Back to Basics: PB Ratio
Ather Energy (NSE:ATHERENERG) 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.
Ather Energy PB Ratio Related Terms
Ather Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Ather Energy'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:ATHERENERG vs TSLA, GM, F: PB Ratio Comparison
For the Auto Manufacturers subindustry, Ather Energy'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.
Ather Energy PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ather Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ather Energy'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.
Ather Energy'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.
Ather Energy (NSE:ATHERENERG) has a PB Ratio of 17.98 as of Jul. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ather Energy and its competitors. This is 41% above median its historical median of 12.75. Over the past decade, Ather Energy's PB Ratio has ranged from 8.29 to 19.07. According to the industry distribution chart, Ather Energy ranks #1278 out of 1293 companies in the Vehicles & Parts industry, placing it in the top 98.8%.
Is Ather Energy's PB Ratio too high?
Ather Energy's current PB Ratio of 17.98 is 41% above median its 10-year median of 12.75. Over the past 10 years, this metric has ranged from a low of 8.29 to a high of 19.07. The Vehicles & Parts industry median PB Ratio is 1.35. Ather Energy's value of 17.98 is 1231.9% above this industry median. Based on the distribution chart, Ather Energy ranks #1278 out of 1293 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Ather Energy has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Ather Energy's PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ather Energy ranks #1278 out of 1293 companies for PB Ratio. This places Ather Energy in the lower half of its industry. The industry median PB Ratio is 1.35. Ather Energy's value of 17.98 is 1231.9% above this benchmark. Historically, Ather Energy's own PB Ratio has ranged from 8.29 to 19.07 over the past decade. While the company's 10-year median is 12.75 vs. the industry median of 1.35, Ather Energy 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.35, based on 1,293 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. Ather Energy's current PB Ratio of 17.98 is 1231.9% 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 Ather Energy and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ather Energy's current PB Ratio is 17.98, which is 41% above median its own 10-year median of 12.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ather Energy stock overvalued right now?
Ather Energy (NSE:ATHERENERG) has a current PB Ratio of 17.98. The current PB Ratio is 17.98, which is 41% above median its 10-year median of 12.75 and 1231.9% above the Vehicles & Parts industry median of 1.35. Ather Energy's overall GF Score™ is 6/100 with 4 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 Ather Energy (NSE:ATHERENERG), the current PB Ratio is 17.98 as of Jul. 26, 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.
Ather Energy Ltd is engaged in the Indian electric two-wheeler (E2W) market. It is a EV company that sells E2Ws and the associated product ecosystem, comprised of software, charging infrastructure and smart accessories, all of which conceptualized and designed. Its model include Ather 450S, Ather 450X, Ather 450 Apex, Ather Rizta Z, etc.
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