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Gretex IndustriesNSE:GRETEX -1.32%57 PB Ratio is 8.90 as of Jul. 23, 2026, which is 527% above its 10-year median of 1.42. GuruFocus rates NSE:GRETEX with a GF Score™ of 57/100 and a GF Value™ of ₹90.89 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 791 Travel & Leisure companies, Gretex Industries ranks worse than 93.81% on this metric.
The historical rank and industry rank for Gretex Industries's PB Ratio or its related term are showing as below:
NSE:GRETEX'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 1.42 Max: 16.81
Current: 8.89
During the past 11 years, Gretex Industries's highest PB Ratio was 16.81. The lowest was 0.54. And the median was 1.42.
NSE:GRETEX's PB Ratio is ranked worse than 93.81% of 791
companies
in the Travel & Leisure industry
Industry Median: 1.5
vs NSE:GRETEX: 8.89
During the past 12 months, Gretex Industries's average Book Value Per Share Growth Rate was 89.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 44.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 35.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.90% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Gretex Industries was 88.90% per year. The lowest was -4.60% per year. And the median was 6.20% per year.
Back to Basics: PB Ratio
Gretex Industries (NSE:GRETEX) 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.
Gretex Industries PB Ratio Related Terms
Gretex Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Gretex 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 Leisure subindustry, Gretex 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.
Gretex Industries PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Gretex Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Gretex 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.
Gretex Industries (NSE:GRETEX) has a PB Ratio of 8.90 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 Gretex Industries and its competitors. This is 527% above median its historical median of 1.42. Over the past decade, Gretex Industries' PB Ratio has ranged from 0.54 to 16.81. According to the industry distribution chart, Gretex Industries ranks #742 out of 791 companies in the Travel & Leisure industry, placing it in the top 93.8%.
Is Gretex Industries' PB Ratio too high?
Gretex Industries' current PB Ratio of 8.90 is 527% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 16.81. The Travel & Leisure industry median PB Ratio is 1.50. Gretex Industries' value of 8.90 is 493.3% above this industry median. Based on the distribution chart, Gretex Industries ranks #742 out of 791 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Gretex Industries has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gretex Industries' PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Gretex Industries ranks #742 out of 791 companies for PB Ratio. This places Gretex Industries in the lower half of its industry. The industry median PB Ratio is 1.50. Gretex Industries' value of 8.90 is 493.3% above this benchmark. Historically, Gretex Industries' own PB Ratio has ranged from 0.54 to 16.81 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.50, Gretex 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.50, based on 791 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. Gretex Industries's current PB Ratio of 8.90 is 493.3% 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 Gretex Industries and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gretex Industries's current PB Ratio is 8.90, which is 527% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gretex Industries stock overvalued right now?
Based on GuruFocus' analysis, Gretex Industries (NSE:GRETEX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹90.89, compared to a current price of ₹300.00 — trading 230.1% above its estimated fair value. The current PB Ratio is 8.90, which is 527% above median its 10-year median of 1.42 and 493.3% above the Travel & Leisure industry median of 1.50. Gretex Industries' overall GF Score™ is 57/100 with 7 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 Gretex Industries (NSE:GRETEX), the current PB Ratio is 8.90 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 Gretex Industries (NSE:GRETEX) Overvalued in 2026?
Based on GuruFocus' analysis, Gretex Industries stock appears to be overvalued.
The current stock price of ₹300.00 is trading 230.1% above its estimated GF Value™ of ₹90.89.
GuruFocus considers Gretex Industries to be Significantly Overvalued.
Key valuation signals for NSE:GRETEX:
PB Ratio: 8.90 (527% above median its 10-year median of 1.42)
GF Value™: ₹90.89 vs. price of ₹300.00 (230.1% above fair value)
Industry Position: 493.3% above the Travel & Leisure median (#742 of 791)
No single metric tells the full story. See the NSE:GRETEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, electronic keyboards, Harmoniums, violins, drums, Music stands, mats, sound systems and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Duralin, and among others.
57GF Score
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