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Bal PharmaNSE:BALPHARMA +19.99%66 PB Ratio is 2.22 as of Sep. 10, 2026, which is 4% above its 10-year median of 2.13. GuruFocus rates NSE:BALPHARMA with a GF Score™ of 66/100 and a GF Value™ of ₹103.43 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 919 Drug Manufacturers companies, Bal Pharma ranks worse than 54.84% 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 (2026-09-10), Bal Pharma's share price is ₹114.45. Bal Pharma's Book Value per Share for the quarter that ended in Jun. 2026 was ₹51.65. Hence, Bal Pharma's PB Ratio of today is 2.22.
Warning Sign:
Bal Pharma Ltd stock PB Ratio (=1.71) is close to 1-year high of 1.75.
The historical rank and industry rank for Bal Pharma's PB Ratio or its related term are showing as below:
NSE:BALPHARMA'
s PB Ratio Range Over the Past 10 Years
Min: 0.84 Med: 2.13 Max: 3.15
Current: 2.23
During the past 13 years, Bal Pharma's highest PB Ratio was 3.15. The lowest was 0.84. And the median was 2.13.
NSE:BALPHARMA's PB Ratio is ranked worse than 54.84% of 919
companies
in the Drug Manufacturers industry
Industry Median: 1.96
vs NSE:BALPHARMA: 2.23
During the past 12 months, Bal Pharma's average Book Value Per Share Growth Rate was 6.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bal Pharma was 9.00% per year. The lowest was -7.60% per year. And the median was 2.25% per year.
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.
Bal Pharma PB Ratio Related Terms
Bal Pharma PB Ratio Historical Data
* Premium members only.
The historical data trend for Bal Pharma'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 Drug Manufacturers - Specialty & Generic subindustry, Bal Pharma'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.
Bal Pharma PB Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Bal Pharma's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bal Pharma'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.
Bal Pharma'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.
Bal Pharma (NSE:BALPHARMA) has a PB Ratio of 2.22 as of Sep. 10, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bal Pharma and its competitors. This is near median its historical median of 2.13. Over the past decade, Bal Pharma's PB Ratio has ranged from 0.84 to 3.15. According to the industry distribution chart, Bal Pharma ranks #504 out of 919 companies in the Drug Manufacturers industry, placing it in the top 54.8%.
Is Bal Pharma's PB Ratio too high?
Bal Pharma's current PB Ratio of 2.22 is near median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 3.15. The Drug Manufacturers industry median PB Ratio is 1.96. Bal Pharma's value of 2.22 is 13.3% above this industry median. Based on the distribution chart, Bal Pharma ranks #504 out of 919 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Bal Pharma has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bal Pharma's PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Bal Pharma ranks #504 out of 919 companies for PB Ratio. This places Bal Pharma in the lower half of its industry. The industry median PB Ratio is 1.96. Bal Pharma's value of 2.22 is 13.3% above this benchmark. Historically, Bal Pharma's own PB Ratio has ranged from 0.84 to 3.15 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 1.96, Bal Pharma 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 Drug Manufacturers company?
The median PB Ratio among Drug Manufacturers companies is 1.96, based on 919 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. Bal Pharma's current PB Ratio of 2.22 is 13.3% 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 Bal Pharma and its competitors. For the Drug Manufacturers industry, the median PB Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bal Pharma's current PB Ratio is 2.22, which is near median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bal Pharma stock overvalued right now?
Based on GuruFocus' analysis, Bal Pharma (NSE:BALPHARMA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹103.43, compared to a current price of ₹114.45 — trading 10.7% above its estimated fair value. The current PB Ratio is 2.22, which is near median its 10-year median of 2.13 and 13.3% above the Drug Manufacturers industry median of 1.96. Bal Pharma's overall GF Score™ is 66/100 with 8 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 Bal Pharma (NSE:BALPHARMA), the current PB Ratio is 2.22 as of Sep. 10, 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 Bal Pharma (NSE:BALPHARMA) Overvalued in 2026?
Based on GuruFocus' analysis, Bal Pharma stock appears to be overvalued.
The current stock price of ₹114.45 is trading 10.7% above its estimated GF Value™ of ₹103.43.
GuruFocus considers Bal Pharma to be Modestly Overvalued.
Key valuation signals for NSE:BALPHARMA:
PB Ratio: 2.22 (near median its 10-year median of 2.13)
GF Value™: ₹103.43 vs. price of ₹114.45 (10.7% above fair value)
Industry Position: 13.3% above the Drug Manufacturers median (#504 of 919)
No single metric tells the full story. See the NSE:BALPHARMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bal Pharma Ltd is a pharmaceutical company. It is principally engaged in the manufacturing and marketing of pharmaceutical formulations and active pharmaceutical ingredients. The company specializes in prescription drugs, generic and over-the-counter products, intravenous infusion, and bulk actives.
66GF Score
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