Devyani InternationalNSE:DEVYANI -0.10%75 PB Ratio is 9.13 as of Jul. 04, 2026, which is 54% below its 10-year median of 19.84. GuruFocus rates NSE:DEVYANI with a GF Score™ of 75/100 and a GF Value™ of ₹241.83 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 325 Restaurants companies, Devyani International ranks worse than 89.85% on this metric.
The historical rank and industry rank for Devyani International's PB Ratio or its related term are showing as below:
NSE:DEVYANI'
s PB Ratio Range Over the Past 10 Years
Min: 7.73 Med: 19.84 Max: 42.57
Current: 8.87
During the past 8 years, Devyani International's highest PB Ratio was 42.57. The lowest was 7.73. And the median was 19.84.
NSE:DEVYANI's PB Ratio is ranked worse than 89.85% of 325
companies
in the Restaurants industry
Industry Median: 2.37
vs NSE:DEVYANI: 8.87
During the past 12 months, Devyani International's average Book Value Per Share Growth Rate was 37.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 50.80% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Devyani International was 110.00% per year. The lowest was 15.80% per year. And the median was 16.80% per year.
Back to Basics: PB Ratio
Devyani International (NSE:DEVYANI) 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.
* 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:DEVYANI vs MCD, SBUX, YUM: PB Ratio Comparison
For the Restaurants subindustry, Devyani International'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.
Devyani International PB Ratio vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Devyani International's PB Ratio distribution charts can be found below:
* The bar in red indicates where Devyani International'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.
Devyani International (NSE:DEVYANI) has a PB Ratio of 9.13 as of Jul. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Devyani International and its competitors. This is 54% below median its historical median of 19.84. Over the past decade, Devyani International's PB Ratio has ranged from 7.73 to 42.57. According to the industry distribution chart, Devyani International ranks #292 out of 325 companies in the Restaurants industry, placing it in the top 89.8%.
Is Devyani International's PB Ratio too high?
Devyani International's current PB Ratio of 9.13 is 54% below median its 10-year median of 19.84. Over the past 10 years, this metric has ranged from a low of 7.73 to a high of 42.57. The Restaurants industry median PB Ratio is 2.37. Devyani International's value of 9.13 is 285.2% above this industry median. Based on the distribution chart, Devyani International ranks #292 out of 325 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Devyani International has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Devyani International's PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Devyani International ranks #292 out of 325 companies for PB Ratio. This places Devyani International in the lower half of its industry. The industry median PB Ratio is 2.37. Devyani International's value of 9.13 is 285.2% above this benchmark. Historically, Devyani International's own PB Ratio has ranged from 7.73 to 42.57 over the past decade. While the company's 10-year median is 19.84 vs. the industry median of 2.37, Devyani International 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 Restaurants company?
The median PB Ratio among Restaurants companies is 2.37, based on 325 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. Devyani International's current PB Ratio of 9.13 is 285.2% 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 Devyani International and its competitors. For the Restaurants industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devyani International's current PB Ratio is 9.13, which is 54% below median its own 10-year median of 19.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devyani International stock overvalued right now?
Based on GuruFocus' analysis, Devyani International (NSE:DEVYANI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹241.83, compared to a current price of ₹114.19 — trading 52.8% below its estimated fair value. The current PB Ratio is 9.13, which is 54% below median its 10-year median of 19.84 and 285.2% above the Restaurants industry median of 2.37. Devyani International's overall GF Score™ is 75/100 with 3 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 Devyani International (NSE:DEVYANI), the current PB Ratio is 9.13 as of Jul. 04, 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 Devyani International (NSE:DEVYANI) Overvalued in 2026?
Based on GuruFocus' analysis, Devyani International stock appears to be undervalued.
The current stock price of ₹114.19 is trading 52.8% below its estimated GF Value™ of ₹241.83.
GuruFocus considers Devyani International to be Significantly Undervalued.
Key valuation signals for NSE:DEVYANI:
PB Ratio: 9.13 (54% below median its 10-year median of 19.84)
GF Value™: ₹241.83 vs. price of ₹114.19 (52.8% below fair value)
Industry Position: 285.2% above the Restaurants median (#292 of 325)
No single metric tells the full story. See the NSE:DEVYANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Devyani International Ltd is a franchisee of Yum Brands in India and is among the largest operators of a quick-service restaurant chain (QSR chain), operating around 1,243 stores across 155 cities in India. Companies products includes PizzaHut, KFC, Costa Coffee, Vaang.o, The Food Street, and more. Geographically, operates domestically and internationally, with the majority of revenue from India.
75GF Score
Get the complete analysis for NSE:DEVYANI
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