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Happy SteelsNSE:HAPPY -0.32%12 PB Ratio is 2.22 as of Jul. 27, 2026. GuruFocus rates NSE:HAPPY with a GF Score™ of 12/100. Among 1,293 Vehicles & Parts companies, Happy Steels ranks worse than 68.37% 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 (2026-07-27), Happy Steels's share price is ₹62.25. Happy Steels's Book Value per Share for the quarter that ended in Mar. 2026 was ₹27.99. Hence, Happy Steels's PB Ratio of today is 2.22.
The historical rank and industry rank for Happy Steels's PB Ratio or its related term are showing as below:
NSE:HAPPY'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.22
Current: 2.22
During the past 4 years, Happy Steels's highest PB Ratio was 2.22. The lowest was 0.00. And the median was 0.00.
NSE:HAPPY's PB Ratio is ranked worse than 68.37% of 1293
companies
in the Vehicles & Parts industry
Industry Median: 1.36
vs NSE:HAPPY: 2.22
During the past 12 months, Happy Steels's average Book Value Per Share Growth Rate was 21.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.60% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Happy Steels was 15.60% per year. The lowest was 15.60% per year. And the median was 15.60% 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.
Happy Steels PB Ratio Related Terms
Happy Steels PB Ratio Historical Data
* Premium members only.
The historical data trend for Happy Steels'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.
Happy Steels PB Ratio Chart
Happy Steels Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
PB Ratio
0.00
0.00
0.00
0.00
Happy Steels Quarterly Data
Mar23
Mar24
Mar25
Sep25
Mar26
PB Ratio
0.00
0.00
0.00
0.00
0.00
NSE:HAPPY vs ORLY, AZO: PB Ratio Comparison
For the Auto Parts subindustry, Happy Steels'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.
Happy Steels PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Happy Steels's PB Ratio distribution charts can be found below:
* The bar in red indicates where Happy Steels'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.
Happy Steels's PB Ratio for today is calculated as follows:
* 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.
Happy Steels (NSE:HAPPY) has a PB Ratio of 2.22 as of Jul. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Happy Steels and its competitors. According to the industry distribution chart, Happy Steels ranks #884 out of 1293 companies in the Vehicles & Parts industry, placing it in the top 68.4%.
Is Happy Steels' PB Ratio too high?
Happy Steels' current PB Ratio is 2.22. The Vehicles & Parts industry median PB Ratio is 1.36. Happy Steels' value of 2.22 is 63.2% above this industry median. Based on the distribution chart, Happy Steels ranks #884 out of 1293 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Happy Steels has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Happy Steels' PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Happy Steels ranks #884 out of 1293 companies for PB Ratio. This places Happy Steels in the lower half of its industry. The industry median PB Ratio is 1.36. Happy Steels' value of 2.22 is 63.2% above this benchmark. 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.36, based on 1,293 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. Happy Steels's current PB Ratio of 2.22 is 63.2% 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 Happy Steels and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Steels's current PB Ratio is 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Steels stock overvalued right now?
Happy Steels (NSE:HAPPY) has a current PB Ratio of 2.22. The current PB Ratio is 2.22 and 63.2% above the Vehicles & Parts industry median of 1.36. Happy Steels' overall GF Score™ is 12/100. 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 Happy Steels (NSE:HAPPY), the current PB Ratio is 2.22 as of Jul. 27, 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.
Happy Steels Ltd is an integrated manufacturer of Forged and Machined Transmission and Driveline components for On-highway vehicles, Off-highway vehicles, EVs, and defence applications. The company's product portfolio consists of axles, long spline shafts, spindles, and other related components. The majority of the company's revenue is derived from the sale of its products, mainly Axles, in the domestic markets.
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