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Esab IndiaNSE:ESABINDIA -0.50%95 PB Ratio is 20.15 as of Jul. 28, 2026, which is 51% above its 10-year median of 13.35. GuruFocus rates NSE:ESABINDIA with a GF Score™ of 95/100 and a GF Value™ of ₹6,584.83 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,985 Industrial Products companies, Esab India ranks worse than 97.79% 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 (2026-07-28), Esab India's share price is ₹5621.50. Esab India's Book Value per Share for the quarter that ended in Mar. 2026 was ₹278.95. Hence, Esab India's PB Ratio of today is 20.15.
The historical rank and industry rank for Esab India's PB Ratio or its related term are showing as below:
NSE:ESABINDIA'
s PB Ratio Range Over the Past 10 Years
Min: 2.52 Med: 13.35 Max: 31.73
Current: 20.17
During the past 13 years, Esab India's highest PB Ratio was 31.73. The lowest was 2.52. And the median was 13.35.
NSE:ESABINDIA's PB Ratio is ranked worse than 97.79% of 2985
companies
in the Industrial Products industry
Industry Median: 2.12
vs NSE:ESABINDIA: 20.17
During the past 12 months, Esab India's average Book Value Per Share Growth Rate was 18.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Esab India was 58.80% per year. The lowest was -11.80% per year. And the median was 10.75% 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.
Esab India PB Ratio Related Terms
Esab India PB Ratio Historical Data
* Premium members only.
The historical data trend for Esab India'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:ESABINDIA vs SNA, RBC, SWK: PB Ratio Comparison
For the Tools & Accessories subindustry, Esab India'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.
Esab India PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Esab India's PB Ratio distribution charts can be found below:
* The bar in red indicates where Esab India'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.
Esab India'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.
Esab India (NSE:ESABINDIA) has a PB Ratio of 20.15 as of Jul. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Esab India and its competitors. This is 51% above median its historical median of 13.35. Over the past decade, Esab India's PB Ratio has ranged from 2.52 to 31.73. According to the industry distribution chart, Esab India ranks #2919 out of 2985 companies in the Industrial Products industry, placing it in the top 97.8%.
Is Esab India's PB Ratio too high?
Esab India's current PB Ratio of 20.15 is 51% above median its 10-year median of 13.35. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 31.73. The Industrial Products industry median PB Ratio is 2.12. Esab India's value of 20.15 is 850.5% above this industry median. Based on the distribution chart, Esab India ranks #2919 out of 2985 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Esab India has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Esab India's PB Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Esab India ranks #2919 out of 2985 companies for PB Ratio. This places Esab India in the lower half of its industry. The industry median PB Ratio is 2.12. Esab India's value of 20.15 is 850.5% above this benchmark. Historically, Esab India's own PB Ratio has ranged from 2.52 to 31.73 over the past decade. While the company's 10-year median is 13.35 vs. the industry median of 2.12, Esab India 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.12, based on 2,985 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. Esab India's current PB Ratio of 20.15 is 850.5% 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 Esab India and its competitors. For the Industrial Products industry, the median PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Esab India's current PB Ratio is 20.15, which is 51% above median its own 10-year median of 13.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esab India stock overvalued right now?
Based on GuruFocus' analysis, Esab India (NSE:ESABINDIA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹6,584.83, compared to a current price of ₹5,621.50 — trading 14.6% below its estimated fair value. The current PB Ratio is 20.15, which is 51% above median its 10-year median of 13.35 and 850.5% above the Industrial Products industry median of 2.12. Esab India's overall GF Score™ is 95/100 with 1 warning sign 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 Esab India (NSE:ESABINDIA), the current PB Ratio is 20.15 as of Jul. 28, 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 Esab India (NSE:ESABINDIA) Overvalued in 2026?
Based on GuruFocus' analysis, Esab India stock appears to be undervalued.
The current stock price of ₹5,621.50 is trading 14.6% below its estimated GF Value™ of ₹6,584.83.
GuruFocus considers Esab India to be Modestly Undervalued.
Key valuation signals for NSE:ESABINDIA:
PB Ratio: 20.15 (51% above median its 10-year median of 13.35)
GF Value™: ₹6,584.83 vs. price of ₹5,621.50 (14.6% below fair value)
Industry Position: 850.5% above the Industrial Products median (#2919 of 2985)
No single metric tells the full story. See the NSE:ESABINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Esab India Ltd is engaged in the production of welding and cutting equipment and consumables. The company focuses on areas such as Manual welding and cutting equipment, Welding Consumables, Welding automation, Mechanized cutting systems, and others. It operates in the segment of fabrication technology. This includes manufacturing and selling of welding, cutting and allied products and also provides engineering, support, and consulting services. The company's brands include ESAB, Exaton, Gasarc, Victor, and Tweco among others. Geographically, the company derives its key revenue from the domestic market and the rest from overseas markets.
95GF Score
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PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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