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The historical rank and industry rank for Harsha Engineers International's PB Ratio or its related term are showing as below:
NSE:HARSHA'
s PB Ratio Range Over the Past 10 Years
Min: 2.16 Med: 3.26 Max: 4.46
Current: 2.73
During the past 7 years, Harsha Engineers International's highest PB Ratio was 4.46. The lowest was 2.16. And the median was 3.26.
NSE:HARSHA's PB Ratio is ranked worse than 62.27% of 2982
companies
in the Industrial Products industry
Industry Median: 2.14
vs NSE:HARSHA: 2.73
During the past 12 months, Harsha Engineers International's average Book Value Per Share Growth Rate was 11.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 28.10% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Harsha Engineers International was 42.30% per year. The lowest was 9.40% per year. And the median was 37.00% per year.
Back to Basics: PB Ratio
Harsha Engineers International (NSE:HARSHA) 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.
Harsha Engineers International PB Ratio Related Terms
Harsha Engineers International PB Ratio Historical Data
* 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 Tools & Accessories subindustry, Harsha Engineers International'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.
Harsha Engineers International PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harsha Engineers International's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harsha Engineers International's PB Ratio falls into.
Harsha Engineers International PB Ratio Calculation
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.
Harsha Engineers International (NSE:HARSHA) has a PB Ratio of 2.73 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harsha Engineers International and its competitors. This is 16% below median its historical median of 3.26. Over the past decade, Harsha Engineers International's PB Ratio has ranged from 2.16 to 4.46. According to the industry distribution chart, Harsha Engineers International ranks #1857 out of 2982 companies in the Industrial Products industry, placing it in the top 62.3%.
Is Harsha Engineers International's PB Ratio too high?
Harsha Engineers International's current PB Ratio of 2.73 is 16% below median its 10-year median of 3.26. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 4.46. The Industrial Products industry median PB Ratio is 2.14. Harsha Engineers International's value of 2.73 is 27.6% above this industry median. Based on the distribution chart, Harsha Engineers International ranks #1857 out of 2982 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Harsha Engineers International has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harsha Engineers International's PB Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Harsha Engineers International ranks #1857 out of 2982 companies for PB Ratio. This places Harsha Engineers International in the lower half of its industry. The industry median PB Ratio is 2.14. Harsha Engineers International's value of 2.73 is 27.6% above this benchmark. Historically, Harsha Engineers International's own PB Ratio has ranged from 2.16 to 4.46 over the past decade. While the company's 10-year median is 3.26 vs. the industry median of 2.14, Harsha Engineers International 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.14, based on 2,982 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. Harsha Engineers International's current PB Ratio of 2.73 is 27.6% 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 Harsha Engineers International and its competitors. For the Industrial Products industry, the median PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harsha Engineers International's current PB Ratio is 2.73, which is 16% below median its own 10-year median of 3.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harsha Engineers International stock overvalued right now?
Based on GuruFocus' analysis, Harsha Engineers International (NSE:HARSHA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹501.40, compared to a current price of ₹419.90 — trading 16.3% below its estimated fair value. The current PB Ratio is 2.73, which is 16% below median its 10-year median of 3.26 and 27.6% above the Industrial Products industry median of 2.14. Harsha Engineers International's overall GF Score™ is 86/100 with 4 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 Harsha Engineers International (NSE:HARSHA), the current PB Ratio is 2.73 as of Jul. 18, 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 Harsha Engineers International (NSE:HARSHA) Overvalued in 2026?
Based on GuruFocus' analysis, Harsha Engineers International stock appears to be undervalued.
The current stock price of ₹419.90 is trading 16.3% below its estimated GF Value™ of ₹501.40.
GuruFocus considers Harsha Engineers International to be Modestly Undervalued.
Key valuation signals for NSE:HARSHA:
PB Ratio: 2.73 (16% below median its 10-year median of 3.26)
GF Value™: ₹501.40 vs. price of ₹419.90 (16.3% below fair value)
Industry Position: 27.6% above the Industrial Products median (#1857 of 2982)
No single metric tells the full story. See the NSE:HARSHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harsha Engineers International Business Description
Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.
86GF Score
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