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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 (2026-08-07), Grindwell Norton's share price is ₹2107.60. Grindwell Norton's Book Value per Share for the quarter that ended in Jun. 2026 was ₹228.93. Hence, Grindwell Norton's PB Ratio of today is 9.21.
Warning Sign:
Grindwell Norton Ltd stock PB Ratio (=9.26) is close to 1-year high of 9.77.
The historical rank and industry rank for Grindwell Norton's PB Ratio or its related term are showing as below:
NSE:GRINDWELL'
s PB Ratio Range Over the Past 10 Years
Min: 4.29 Med: 7.58 Max: 15.02
Current: 9.4
During the past 13 years, Grindwell Norton's highest PB Ratio was 15.02. The lowest was 4.29. And the median was 7.58.
NSE:GRINDWELL's PB Ratio is ranked worse than 94.49% of 1725
companies
in the Construction industry
Industry Median: 1.34
vs NSE:GRINDWELL: 9.40
During the past 12 months, Grindwell Norton's average Book Value Per Share Growth Rate was 12.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Grindwell Norton was 21.50% per year. The lowest was 10.00% per year. And the median was 13.10% 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.
Grindwell Norton PB Ratio Related Terms
Grindwell Norton PB Ratio Historical Data
* Premium members only.
The historical data trend for Grindwell Norton'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.
NSE:GRINDWELL vs TT, JCI, CARR: PB Ratio Comparison
For the Building Products & Equipment subindustry, Grindwell Norton'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.
Grindwell Norton PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Grindwell Norton's PB Ratio distribution charts can be found below:
* The bar in red indicates where Grindwell Norton'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.
Grindwell Norton (NSE:GRINDWELL) has a PB Ratio of 9.21 as of Aug. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Grindwell Norton and its competitors. This is 22% above median its historical median of 7.58. Over the past decade, Grindwell Norton's PB Ratio has ranged from 4.29 to 15.02. According to the industry distribution chart, Grindwell Norton ranks #1630 out of 1725 companies in the Construction industry, placing it in the top 94.5%.
Is Grindwell Norton's PB Ratio too high?
Grindwell Norton's current PB Ratio of 9.21 is 22% above median its 10-year median of 7.58. Over the past 10 years, this metric has ranged from a low of 4.29 to a high of 15.02. The Construction industry median PB Ratio is 1.34. Grindwell Norton's value of 9.21 is 587.3% above this industry median. Based on the distribution chart, Grindwell Norton ranks #1630 out of 1725 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Grindwell Norton has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grindwell Norton's PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Grindwell Norton ranks #1630 out of 1725 companies for PB Ratio. This places Grindwell Norton in the lower half of its industry. The industry median PB Ratio is 1.34. Grindwell Norton's value of 9.21 is 587.3% above this benchmark. Historically, Grindwell Norton's own PB Ratio has ranged from 4.29 to 15.02 over the past decade. While the company's 10-year median is 7.58 vs. the industry median of 1.34, Grindwell Norton 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 Construction company?
The median PB Ratio among Construction companies is 1.34, based on 1,725 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. Grindwell Norton's current PB Ratio of 9.21 is 587.3% 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 Grindwell Norton and its competitors. For the Construction industry, the median PB Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grindwell Norton's current PB Ratio is 9.21, which is 22% above median its own 10-year median of 7.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grindwell Norton stock overvalued right now?
Based on GuruFocus' analysis, Grindwell Norton (NSE:GRINDWELL) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,215.19, compared to a current price of ₹2,107.60 — trading 4.9% below its estimated fair value. The current PB Ratio is 9.21, which is 22% above median its 10-year median of 7.58 and 587.3% above the Construction industry median of 1.34. Grindwell Norton's overall GF Score™ is 94/100 with 5 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 Grindwell Norton (NSE:GRINDWELL), the current PB Ratio is 9.21 as of Aug. 07, 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 Grindwell Norton (NSE:GRINDWELL) Overvalued in 2026?
Based on GuruFocus' analysis, Grindwell Norton stock appears to be undervalued.
The current stock price of ₹2,107.60 is trading 4.9% below its estimated GF Value™ of ₹2,215.19.
GuruFocus considers Grindwell Norton to be Fairly Valued.
Key valuation signals for NSE:GRINDWELL:
PB Ratio: 9.21 (22% above median its 10-year median of 7.58)
GF Value™: ₹2,215.19 vs. price of ₹2,107.60 (4.9% below fair value)
Industry Position: 587.3% above the Construction median (#1630 of 1725)
No single metric tells the full story. See the NSE:GRINDWELL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grindwell Norton Ltd is a company that produces abrasives and ceramics products. The company's businesses are divided into segments: Abrasives, Ceramics and Plastics, Digital Services and Others. The company manufactures various types of abrasives, which include bonded, coated, non-woven, construction, thin wheels, and super abrasives. Grindwell's Ceramics and Plastics division produces silicon carbide, high-temperature refractories, and fused cast ceramics. The silicon carbide products serve as raw materials that are used to create abrasives, and the company's refractories are structures used for processing both ferrous and non-ferrous metals. The company generates the vast majority of its revenue from Ceramics and Plastics division.
94GF Score
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