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Emami Paper MillsNSE:EMAMIPAP -0.11%51 PB Ratio is 1.08 as of Jul. 15, 2026, which is 43% below its 10-year median of 1.91. GuruFocus rates NSE:EMAMIPAP with a GF Score™ of 51/100 and a GF Value™ of ₹96.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 271 Forest Products companies, Emami Paper Mills ranks worse than 63.84% on this metric.
The historical rank and industry rank for Emami Paper Mills's PB Ratio or its related term are showing as below:
NSE:EMAMIPAP'
s PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.91 Max: 6.08
Current: 1.08
During the past 13 years, Emami Paper Mills's highest PB Ratio was 6.08. The lowest was 0.78. And the median was 1.91.
NSE:EMAMIPAP's PB Ratio is ranked worse than 63.84% of 271
companies
in the Forest Products industry
Industry Median: 0.78
vs NSE:EMAMIPAP: 1.08
During the past 12 months, Emami Paper Mills's average Book Value Per Share Growth Rate was -3.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Emami Paper Mills was 35.70% per year. The lowest was -17.40% per year. And the median was 6.50% per year.
Back to Basics: PB Ratio
Emami Paper Mills (NSE:EMAMIPAP) 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.
Emami Paper Mills PB Ratio Related Terms
Emami Paper Mills PB Ratio Historical Data
* Premium members only.
The historical data trend for Emami Paper Mills'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 Paper & Paper Products subindustry, Emami Paper Mills'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.
Emami Paper Mills PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Emami Paper Mills's PB Ratio distribution charts can be found below:
* The bar in red indicates where Emami Paper Mills'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.
Emami Paper Mills (NSE:EMAMIPAP) has a PB Ratio of 1.08 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Emami Paper Mills and its competitors. This is 43% below median its historical median of 1.91. Over the past decade, Emami Paper Mills' PB Ratio has ranged from 0.78 to 6.08. According to the industry distribution chart, Emami Paper Mills ranks #173 out of 271 companies in the Forest Products industry, placing it in the top 63.8%.
Is Emami Paper Mills' PB Ratio too high?
Emami Paper Mills' current PB Ratio of 1.08 is 43% below median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 6.08. The Forest Products industry median PB Ratio is 0.78. Emami Paper Mills' value of 1.08 is 38.5% above this industry median. Based on the distribution chart, Emami Paper Mills ranks #173 out of 271 companies in the Forest Products industry, which is below the industry midpoint. Overall, Emami Paper Mills has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emami Paper Mills' PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Emami Paper Mills ranks #173 out of 271 companies for PB Ratio. This places Emami Paper Mills in the lower half of its industry. The industry median PB Ratio is 0.78. Emami Paper Mills' value of 1.08 is 38.5% above this benchmark. Historically, Emami Paper Mills' own PB Ratio has ranged from 0.78 to 6.08 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 0.78, Emami Paper Mills 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.78, based on 271 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. Emami Paper Mills's current PB Ratio of 1.08 is 38.5% 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 Emami Paper Mills 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. Emami Paper Mills's current PB Ratio is 1.08, which is 43% below median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emami Paper Mills stock overvalued right now?
Based on GuruFocus' analysis, Emami Paper Mills (NSE:EMAMIPAP) is currently considered Fairly Valued. The stock's GF Value™ is ₹96.50, compared to a current price of ₹88.34 — trading 8.5% below its estimated fair value. The current PB Ratio is 1.08, which is 43% below median its 10-year median of 1.91 and 38.5% above the Forest Products industry median of 0.78. Emami Paper Mills' overall GF Score™ is 51/100 with 6 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 Emami Paper Mills (NSE:EMAMIPAP), the current PB Ratio is 1.08 as of Jul. 15, 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 Emami Paper Mills (NSE:EMAMIPAP) Overvalued in 2026?
Based on GuruFocus' analysis, Emami Paper Mills stock appears to be undervalued.
The current stock price of ₹88.34 is trading 8.5% below its estimated GF Value™ of ₹96.50.
GuruFocus considers Emami Paper Mills to be Fairly Valued.
Key valuation signals for NSE:EMAMIPAP:
PB Ratio: 1.08 (43% below median its 10-year median of 1.91)
GF Value™: ₹96.50 vs. price of ₹88.34 (8.5% below fair value)
Industry Position: 38.5% above the Forest Products median (#173 of 271)
No single metric tells the full story. See the NSE:EMAMIPAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emami Paper Mills Ltd is engaged in the manufacturing of paper and paper products. It offers various papers and paper products including newsprint, writing and printing paper, and multilayer-coated board used in pharmaceuticals, healthcare, fast-moving consumer goods, consumer durable goods, and food product industries. The company derives revenue from the sale of paper and paperboard.
51GF Score
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