Felix Industries (NSE:FELIX) PB Ratio: 1.82 (As of Jul. 12, 2026) — 15% Below Median


NSE:FELIX Felix Industries Ltd NSE:FELIX
84 GF Score
Price ₹185.20
GF Value ₹301.17
Valuation Possible Value Trap
! 4 Warning Signs
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What is Felix Industries PB Ratio?

Felix Industries NSE:FELIX +1.23% 84 PB Ratio is 1.82 as of Jul. 12, 2026, which is 15% below its 10-year median of 2.14. GuruFocus rates NSE:FELIX with a GF Score™ of 84/100 and a GF Value™ of ₹301.17 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 228 Waste Management companies, Felix Industries ranks worse than 56.58% 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 (2026-07-12), Felix Industries's share price is ₹185.20. Felix Industries's Book Value per Share for the quarter that ended in Mar. 2026 was ₹101.70. Hence, Felix Industries's PB Ratio of today is 1.82.

The historical rank and industry rank for Felix Industries's PB Ratio or its related term are showing as below:

NSE:FELIX' s PB Ratio Range Over the Past 10 Years
Min: 1.36   Med: 2.14   Max: 4.75
Current: 1.82

During the past 13 years, Felix Industries's highest PB Ratio was 4.75. The lowest was 1.36. And the median was 2.14.

NSE:FELIX's PB Ratio is ranked worse than
56.58% of 228 companies
in the Waste Management industry
Industry Median: 1.595 vs NSE:FELIX: 1.82

During the past 12 months, Felix Industries's average Book Value Per Share Growth Rate was 41.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 42.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 52.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 39.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Felix Industries was 328.00% per year. The lowest was -9.10% per year. And the median was 50.80% per year.

Back to Basics: PB Ratio


Felix Industries  (NSE:FELIX) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Felix Industries PB Ratio Related Terms


Felix Industries PB Ratio Historical Data

* Premium members only.

The historical data trend for Felix Industries'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.

Felix Industries PB Ratio Chart

Felix Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 3.93 6.29 2.24 1.71

Felix Industries Quarterly Data
Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.24 0.00 1.73 0.00 1.56

NSE:FELIX vs WM, RSG, WCN: PB Ratio Comparison

For the Waste Management subindustry, Felix Industries'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.


Felix Industries PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Felix Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Felix Industries's PB Ratio falls into.


NSE:FELIX
84GF Score
Felix Industries Ltd NSE:FELIX
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Felix Industries PB Ratio Calculation

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.

Felix Industries's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=185.20/101.698
=1.82

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.82 mean?
Felix Industries (NSE:FELIX) has a PB Ratio of 1.82 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Felix Industries and its competitors. This is 15% below median its historical median of 2.14. Over the past decade, Felix Industries' PB Ratio has ranged from 1.36 to 4.75. According to the industry distribution chart, Felix Industries ranks #129 out of 228 companies in the Waste Management industry, placing it in the top 56.6%.
Is Felix Industries' PB Ratio too high?
Felix Industries' current PB Ratio of 1.82 is 15% below median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 4.75. The Waste Management industry median PB Ratio is 1.60. Felix Industries' value of 1.82 is 14.1% above this industry median. Based on the distribution chart, Felix Industries ranks #129 out of 228 companies in the Waste Management industry, which is below the industry midpoint. Overall, Felix Industries has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Felix Industries' PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Felix Industries ranks #129 out of 228 companies for PB Ratio. This places Felix Industries in the lower half of its industry. The industry median PB Ratio is 1.60. Felix Industries' value of 1.82 is 14.1% above this benchmark. Historically, Felix Industries' own PB Ratio has ranged from 1.36 to 4.75 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.60, Felix Industries 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 Waste Management company?
The median PB Ratio among Waste Management companies is 1.60, based on 228 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. Felix Industries's current PB Ratio of 1.82 is 14.1% 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 Felix Industries and its competitors. For the Waste Management industry, the median PB Ratio is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Felix Industries's current PB Ratio is 1.82, which is 15% below median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Felix Industries stock overvalued right now?
Based on GuruFocus' analysis, Felix Industries (NSE:FELIX) is currently considered Possible Value Trap. The stock's GF Value™ is ₹301.17, compared to a current price of ₹185.20 — trading 38.5% below its estimated fair value. The current PB Ratio is 1.82, which is 15% below median its 10-year median of 2.14 and 14.1% above the Waste Management industry median of 1.60. Felix Industries' overall GF Score™ is 84/100 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 Felix Industries (NSE:FELIX), the current PB Ratio is 1.82 as of Jul. 12, 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 Felix Industries (NSE:FELIX) Overvalued in 2026?

Based on GuruFocus' analysis, Felix Industries stock appears to be undervalued. The current stock price of ₹185.20 is trading 38.5% below its estimated GF Value™ of ₹301.17. GuruFocus considers Felix Industries to be Possible Value Trap.

Key valuation signals for NSE:FELIX:

  • PB Ratio: 1.82 (15% below median its 10-year median of 2.14)
  • GF Value™: ₹301.17 vs. price of ₹185.20 (38.5% below fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 14.1% above the Waste Management median (#129 of 228)

No single metric tells the full story. See the NSE:FELIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Felix Industries Business Description

Address Piplaj Pirana Road, Plot No. 123, Devraj Industrial Park, Pirana, Ahmedabad, GJ, IND, 382405
Felix Industries Ltd is an Indian company engaged in water collection, treatment, and supply. It offers solutions for water and wastewater management by way of Reverse Osmosis Systems, Effluent Recycling Systems, and Zero Liquid Discharge Systems. The company provides services in the areas of water and wastewater engineering, industrial piping division, and E-waste recycling. The group operates in two different geographical territories, i.e., India and Oman. It generates the majority of its revenue within India.
84GF Score

Get the complete analysis for NSE:FELIX

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹185.20
Price
₹301.17
GF Value