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Grasim IndustriesNSE:GRASIM -2.16%88 PB Ratio is 2.06 as of Jul. 14, 2026, which is 46% above its 10-year median of 1.41. GuruFocus rates NSE:GRASIM with a GF Score™ of 88/100 and a GF Value™ of ₹2,954.22 (Fairly Valued). The stock has 8 warning signs investors should review. Among 397 Building Materials companies, Grasim Industries ranks worse than 72.54% 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 (2026-07-14), Grasim Industries's share price is ₹3144.30. Grasim Industries's Book Value per Share for the quarter that ended in Mar. 2026 was ₹1,525.72. Hence, Grasim Industries's PB Ratio of today is 2.06.
Warning Sign:
Grasim Industries Ltd stock PB Ratio (=2.11) is close to 10-year high of 2.11.
The historical rank and industry rank for Grasim Industries's PB Ratio or its related term are showing as below:
NSE:GRASIM'
s PB Ratio Range Over the Past 10 Years
Min: 0.53 Med: 1.41 Max: 2.11
Current: 2.06
During the past 13 years, Grasim Industries's highest PB Ratio was 2.11. The lowest was 0.53. And the median was 1.41.
NSE:GRASIM's PB Ratio is ranked worse than 72.54% of 397
companies
in the Building Materials industry
Industry Median: 1.16
vs NSE:GRASIM: 2.06
During the past 12 months, Grasim Industries's average Book Value Per Share Growth Rate was 6.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Grasim Industries was 33.70% per year. The lowest was 4.50% per year. And the median was 12.80% per year.
Back to Basics: PB Ratio
Grasim Industries (NSE:GRASIM) PB Ratio Explanation
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.
Grasim Industries PB Ratio Related Terms
Grasim Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Grasim 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.
For the Building Materials subindustry, Grasim 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.
Grasim Industries PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Grasim Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Grasim Industries'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.
Grasim Industries (NSE:GRASIM) has a PB Ratio of 2.06 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Grasim Industries and its competitors. This is 46% above median its historical median of 1.41. Over the past decade, Grasim Industries' PB Ratio has ranged from 0.53 to 2.11. According to the industry distribution chart, Grasim Industries ranks #288 out of 397 companies in the Building Materials industry, placing it in the top 72.5%.
Is Grasim Industries' PB Ratio too high?
Grasim Industries' current PB Ratio of 2.06 is 46% above median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.11. The Building Materials industry median PB Ratio is 1.16. Grasim Industries' value of 2.06 is 77.6% above this industry median. Based on the distribution chart, Grasim Industries ranks #288 out of 397 companies in the Building Materials industry, which is below the industry midpoint. Overall, Grasim Industries has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grasim Industries' PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Grasim Industries ranks #288 out of 397 companies for PB Ratio. This places Grasim Industries in the lower half of its industry. The industry median PB Ratio is 1.16. Grasim Industries' value of 2.06 is 77.6% above this benchmark. Historically, Grasim Industries' own PB Ratio has ranged from 0.53 to 2.11 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.16, Grasim 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 Building Materials company?
The median PB Ratio among Building Materials companies is 1.16, based on 397 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. Grasim Industries's current PB Ratio of 2.06 is 77.6% 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 Grasim Industries and its competitors. For the Building Materials industry, the median PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grasim Industries's current PB Ratio is 2.06, which is 46% above median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grasim Industries stock overvalued right now?
Based on GuruFocus' analysis, Grasim Industries (NSE:GRASIM) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,954.22, compared to a current price of ₹3,144.30 — trading 6.4% above its estimated fair value. The current PB Ratio is 2.06, which is 46% above median its 10-year median of 1.41 and 77.6% above the Building Materials industry median of 1.16. Grasim Industries' overall GF Score™ is 88/100 with 8 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 Grasim Industries (NSE:GRASIM), the current PB Ratio is 2.06 as of Jul. 14, 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 Grasim Industries (NSE:GRASIM) Overvalued in 2026?
Based on GuruFocus' analysis, Grasim Industries stock appears to be overvalued.
The current stock price of ₹3,144.30 is trading 6.4% above its estimated GF Value™ of ₹2,954.22.
GuruFocus considers Grasim Industries to be Fairly Valued.
Key valuation signals for NSE:GRASIM:
PB Ratio: 2.06 (46% above median its 10-year median of 1.41)
GF Value™: ₹2,954.22 vs. price of ₹3,144.30 (6.4% above fair value)
Industry Position: 77.6% above the Building Materials median (#288 of 397)
No single metric tells the full story. See the NSE:GRASIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Cellulosic Fibres, Chemicals, Building materials, Financial Services, and Others. It derives key revenue from the Building materials segment which covers products like grey cement, paints, white cement, and allied products. Geographically, the company derives a majority of its revenue from the domestic market and the rest from other countries through exports.
88GF Score
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