Frog InnovationsNSE:FROG +2.28%75 PB Ratio is 1.72 as of Jul. 13, 2026, which is 35% below its 10-year median of 2.66. GuruFocus rates NSE:FROG with a GF Score™ of 75/100 and a GF Value™ of ₹346.62 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,421 Hardware companies, Frog Innovations ranks better than 62.16% 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 (2026-07-13), Frog Innovations's share price is ₹177.50. Frog Innovations's Book Value per Share for the quarter that ended in Sep. 2025 was ₹102.99. Hence, Frog Innovations's PB Ratio of today is 1.72.
The historical rank and industry rank for Frog Innovations's PB Ratio or its related term are showing as below:
NSE:FROG'
s PB Ratio Range Over the Past 10 Years
Min: 1.23 Med: 2.66 Max: 6.08
Current: 1.72
During the past 6 years, Frog Innovations's highest PB Ratio was 6.08. The lowest was 1.23. And the median was 2.66.
NSE:FROG's PB Ratio is ranked better than 62.16% of 2421
companies
in the Hardware industry
Industry Median: 2.31
vs NSE:FROG: 1.72
During the past 12 months, Frog Innovations's average Book Value Per Share Growth Rate was 14.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 31.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 30.00% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Frog Innovations was 37.00% per year. The lowest was 30.60% per year. And the median was 31.90% 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.
Frog Innovations PB Ratio Related Terms
Frog Innovations PB Ratio Historical Data
* Premium members only.
The historical data trend for Frog Innovations'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 Communication Equipment subindustry, Frog Innovations'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.
Frog Innovations PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Frog Innovations's PB Ratio distribution charts can be found below:
* The bar in red indicates where Frog Innovations'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.
Frog Innovations (NSE:FROG) has a PB Ratio of 1.72 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Frog Innovations and its competitors. This is 35% below median its historical median of 2.66. Over the past decade, Frog Innovations' PB Ratio has ranged from 1.23 to 6.08. According to the industry distribution chart, Frog Innovations ranks #916 out of 2421 companies in the Hardware industry, placing it in the top 37.8%.
Is Frog Innovations' PB Ratio too high?
Frog Innovations' current PB Ratio of 1.72 is 35% below median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 6.08. The Hardware industry median PB Ratio is 2.31. Frog Innovations' value of 1.72 is 25.5% below this industry median. Based on the distribution chart, Frog Innovations ranks #916 out of 2421 companies in the Hardware industry, which is above the industry midpoint. Overall, Frog Innovations has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' PB Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Frog Innovations ranks #916 out of 2421 companies for PB Ratio. This puts Frog Innovations in the upper half of its industry. The industry median PB Ratio is 2.31. Frog Innovations' value of 1.72 is 25.5% below this benchmark. Historically, Frog Innovations' own PB Ratio has ranged from 1.23 to 6.08 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 2.31, Frog Innovations has consistently been below 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 Hardware company?
The median PB Ratio among Hardware companies is 2.31, based on 2,421 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. Frog Innovations's current PB Ratio of 1.72 is 25.5% below 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 Frog Innovations and its competitors. For the Hardware industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current PB Ratio is 1.72, which is 35% below median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹346.62, compared to a current price of ₹177.50 — trading 48.8% below its estimated fair value. The current PB Ratio is 1.72, which is 35% below median its 10-year median of 2.66 and 25.5% below the Hardware industry median of 2.31. Frog Innovations' overall GF Score™ is 75/100 with 3 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 Frog Innovations (NSE:FROG), the current PB Ratio is 1.72 as of Jul. 13, 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 Frog Innovations (NSE:FROG) Overvalued in 2026?
Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued.
The current stock price of ₹177.50 is trading 48.8% below its estimated GF Value™ of ₹346.62.
GuruFocus considers Frog Innovations to be Possible Value Trap.
Key valuation signals for NSE:FROG:
PB Ratio: 1.72 (35% below median its 10-year median of 2.66)
GF Value™: ₹346.62 vs. price of ₹177.50 (48.8% below fair value)
Industry Position: 25.5% below the Hardware median (#916 of 2421)
No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
75GF Score
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