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Finolex CablesNSE:FINCABLES -0.48%96 PB Ratio is 2.50 as of Aug. 05, 2026, which is 13% below its 10-year median of 2.87. GuruFocus rates NSE:FINCABLES with a GF Score™ of 96/100 and a GF Value™ of ₹1,293.14 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,982 Industrial Products companies, Finolex Cables ranks worse than 56.37% 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 (2026-08-05), Finolex Cables's share price is ₹993.25. Finolex Cables's Book Value per Share for the quarter that ended in Mar. 2026 was ₹397.93. Hence, Finolex Cables's PB Ratio of today is 2.50.
The historical rank and industry rank for Finolex Cables's PB Ratio or its related term are showing as below:
NSE:FINCABLES'
s PB Ratio Range Over the Past 10 Years
Min: 0.99 Med: 2.87 Max: 6.39
Current: 2.52
During the past 13 years, Finolex Cables's highest PB Ratio was 6.39. The lowest was 0.99. And the median was 2.87.
NSE:FINCABLES's PB Ratio is ranked worse than 56.37% of 2982
companies
in the Industrial Products industry
Industry Median: 2.16
vs NSE:FINCABLES: 2.52
During the past 12 months, Finolex Cables's average Book Value Per Share Growth Rate was 10.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Finolex Cables was 24.70% per year. The lowest was 3.50% per year. And the median was 12.70% 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.
Finolex Cables PB Ratio Related Terms
Finolex Cables PB Ratio Historical Data
* Premium members only.
The historical data trend for Finolex Cables'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 Electrical Equipment & Parts subindustry, Finolex Cables'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.
Finolex Cables PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Finolex Cables's PB Ratio distribution charts can be found below:
* The bar in red indicates where Finolex Cables'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.
Finolex Cables'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.
Finolex Cables (NSE:FINCABLES) has a PB Ratio of 2.50 as of Aug. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Finolex Cables and its competitors. This is 13% below median its historical median of 2.87. Over the past decade, Finolex Cables' PB Ratio has ranged from 0.99 to 6.39. According to the industry distribution chart, Finolex Cables ranks #1681 out of 2982 companies in the Industrial Products industry, placing it in the top 56.4%.
Is Finolex Cables' PB Ratio too high?
Finolex Cables' current PB Ratio of 2.50 is 13% below median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 6.39. The Industrial Products industry median PB Ratio is 2.16. Finolex Cables' value of 2.50 is 15.7% above this industry median. Based on the distribution chart, Finolex Cables ranks #1681 out of 2982 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Finolex Cables has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Cables' PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Finolex Cables ranks #1681 out of 2982 companies for PB Ratio. This places Finolex Cables in the lower half of its industry. The industry median PB Ratio is 2.16. Finolex Cables' value of 2.50 is 15.7% above this benchmark. Historically, Finolex Cables' own PB Ratio has ranged from 0.99 to 6.39 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 2.16, Finolex Cables 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 2.16, based on 2,982 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. Finolex Cables's current PB Ratio of 2.50 is 15.7% 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 Finolex Cables and its competitors. For the Industrial Products industry, the median PB Ratio is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Cables's current PB Ratio is 2.50, which is 13% below median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Cables stock overvalued right now?
Based on GuruFocus' analysis, Finolex Cables (NSE:FINCABLES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,293.14, compared to a current price of ₹993.25 — trading 23.2% below its estimated fair value. The current PB Ratio is 2.50, which is 13% below median its 10-year median of 2.87 and 15.7% above the Industrial Products industry median of 2.16. Finolex Cables' overall GF Score™ is 96/100 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 Finolex Cables (NSE:FINCABLES), the current PB Ratio is 2.50 as of Aug. 05, 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 Finolex Cables (NSE:FINCABLES) Overvalued in 2026?
Based on GuruFocus' analysis, Finolex Cables stock appears to be undervalued.
The current stock price of ₹993.25 is trading 23.2% below its estimated GF Value™ of ₹1,293.14.
GuruFocus considers Finolex Cables to be Modestly Undervalued.
Key valuation signals for NSE:FINCABLES:
PB Ratio: 2.50 (13% below median its 10-year median of 2.87)
GF Value™: ₹1,293.14 vs. price of ₹993.25 (23.2% below fair value)
Industry Position: 15.7% above the Industrial Products median (#1681 of 2982)
No single metric tells the full story. See the NSE:FINCABLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods, and Others - Trading of Electrical and other goods. It derives a majority of its revenue from the Electrical cables segment. The group offers products like wires and cables, optical fibre cables, switches, LED lightings, fans, MCBs, water heaters, and other products. Geographically, the company caters to both the Indian and the international markets of which, a majority of its revenue is derived from its business in India.
96GF Score
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