Foce India (NSE:FOCE) PB Ratio: 8.40 (As of Jul. 23, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:FOCE Foce India Ltd NSE:FOCE
80 GF Score
Price ₹605.00
GF Value ₹767.10
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Foce India PB Ratio?

Foce India NSE:FOCE 80 PB Ratio is 8.40 as of Jul. 23, 2026, which is 1% below its 10-year median of 8.46. GuruFocus rates NSE:FOCE with a GF Score™ of 80/100 and a GF Value™ of ₹767.10 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,080 Retail - Cyclical companies, Foce India ranks worse than 91.67% 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 (2026-07-23), Foce India's share price is ₹605.00. Foce India's Book Value per Share for the quarter that ended in Sep. 2025 was ₹72.06. Hence, Foce India's PB Ratio of today is 8.40.

Good Sign:

Foce India Ltd stock PB Ratio (=8.39) is close to 2-year low of 7.77.

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

NSE:FOCE' s PB Ratio Range Over the Past 10 Years
Min: 2.68   Med: 8.46   Max: 13.35
Current: 8.39

During the past 7 years, Foce India's highest PB Ratio was 13.35. The lowest was 2.68. And the median was 8.46.

NSE:FOCE's PB Ratio is ranked worse than
91.67% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 1.44 vs NSE:FOCE: 8.39

During the past 12 months, Foce India's average Book Value Per Share Growth Rate was 18.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 25.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 60.50% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Foce India was 82.10% per year. The lowest was 25.20% per year. And the median was 78.00% per year.

Back to Basics: PB Ratio


Foce India  (NSE:FOCE) 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.


Foce India PB Ratio Related Terms


Foce India PB Ratio Historical Data

* Premium members only.

The historical data trend for Foce 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.

Foce India PB Ratio Chart

Foce India Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
PB Ratio
Get a 7-Day Free Trial 0.00 2.51 4.14 5.62 10.91

Foce India Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.15 5.62 11.98 10.91 10.95

NSE:FOCE vs TPR: PB Ratio Comparison

For the Luxury Goods subindustry, Foce 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.


Foce India PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Foce India's PB Ratio distribution charts can be found below:

* The bar in red indicates where Foce India's PB Ratio falls into.


NSE:FOCE
80GF Score
Foce India Ltd NSE:FOCE
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Foce India 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.

Foce India's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2025)
=605.00/72.061
=8.40

* 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 8.40 mean?
Foce India (NSE:FOCE) has a PB Ratio of 8.40 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Foce India and its competitors. This is near median its historical median of 8.46. Over the past decade, Foce India's PB Ratio has ranged from 2.68 to 13.35. According to the industry distribution chart, Foce India ranks #990 out of 1080 companies in the Retail - Cyclical industry, placing it in the top 91.7%.
Is Foce India's PB Ratio too high?
Foce India's current PB Ratio of 8.40 is near median its 10-year median of 8.46. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 13.35. The Retail - Cyclical industry median PB Ratio is 1.44. Foce India's value of 8.40 is 483.3% above this industry median. Based on the distribution chart, Foce India ranks #990 out of 1080 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Foce India has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Foce India's PB Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Foce India ranks #990 out of 1080 companies for PB Ratio. This places Foce India in the lower half of its industry. The industry median PB Ratio is 1.44. Foce India's value of 8.40 is 483.3% above this benchmark. Historically, Foce India's own PB Ratio has ranged from 2.68 to 13.35 over the past decade. While the company's 10-year median is 8.46 vs. the industry median of 1.44, Foce 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 a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.44, based on 1,080 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. Foce India's current PB Ratio of 8.40 is 483.3% 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 Foce India and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Foce India's current PB Ratio is 8.40, which is near median its own 10-year median of 8.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foce India stock overvalued right now?
Based on GuruFocus' analysis, Foce India (NSE:FOCE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹767.10, compared to a current price of ₹605.00 — trading 21.1% below its estimated fair value. The current PB Ratio is 8.40, which is near median its 10-year median of 8.46 and 483.3% above the Retail - Cyclical industry median of 1.44. Foce India's overall GF Score™ is 80/100 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 Foce India (NSE:FOCE), the current PB Ratio is 8.40 as of Jul. 23, 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 Foce India (NSE:FOCE) Overvalued in 2026?

Based on GuruFocus' analysis, Foce India stock appears to be undervalued. The current stock price of ₹605.00 is trading 21.1% below its estimated GF Value™ of ₹767.10. GuruFocus considers Foce India to be Modestly Undervalued.

Key valuation signals for NSE:FOCE:

  • PB Ratio: 8.40 (near median its 10-year median of 8.46)
  • GF Value™: ₹767.10 vs. price of ₹605.00 (21.1% below fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 483.3% above the Retail - Cyclical median (#990 of 1080)

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


Foce India Business Description

Address Shastri Nagar, 4, Kingston, Lokhandwala Complex, Andheri West, Mumbai, MH, IND, 400053
Foce India Ltd manufactures and imports wrist watches under various brand names. It mainly focuses on offering watches in the mid-range segment with distribution of many retail stores across the country, with an imposing list of clientele in the corporate segment. The company's product portfolio comprises analog watches, automatic watches, multifunction watches, and sunglasses across metal, silicon, and leather categories. The group's operating business segments are: Trading Activities and Renting of Immovable Property. Geographically, it operates only in India.
80GF Score

Get the complete analysis for NSE:FOCE

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

₹605.00
Price
₹767.10
GF Value