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HBL EngineeringNSE:HBLENGINE -1.24%91 PB Ratio is 8.75 as of Jul. 31, 2026, which is 165% above its 10-year median of 3.30. GuruFocus rates NSE:HBLENGINE with a GF Score™ of 91/100 and a GF Value™ of ₹882.80 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,982 Industrial Products companies, HBL Engineering ranks worse than 93.06% 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 (2026-07-31), HBL Engineering's share price is ₹699.30. HBL Engineering's Book Value per Share for the quarter that ended in Mar. 2026 was ₹79.88. Hence, HBL Engineering's PB Ratio of today is 8.75.
Good Sign:
HBL Engineering Ltd stock PB Ratio (=8.76) is close to 2-year low of 8.36.
The historical rank and industry rank for HBL Engineering's PB Ratio or its related term are showing as below:
NSE:HBLENGINE'
s PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 3.3 Max: 14.55
Current: 8.76
During the past 13 years, HBL Engineering's highest PB Ratio was 14.55. The lowest was 0.40. And the median was 3.30.
NSE:HBLENGINE's PB Ratio is ranked worse than 93.06% of 2982
companies
in the Industrial Products industry
Industry Median: 2.085
vs NSE:HBLENGINE: 8.76
During the past 12 months, HBL Engineering's average Book Value Per Share Growth Rate was 49.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 32.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 22.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HBL Engineering was 32.50% per year. The lowest was -0.30% per year. And the median was 4.70% 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.
HBL Engineering PB Ratio Related Terms
HBL Engineering PB Ratio Historical Data
* Premium members only.
The historical data trend for HBL Engineering'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 Electrical Equipment & Parts subindustry, HBL Engineering'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.
HBL Engineering PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HBL Engineering's PB Ratio distribution charts can be found below:
* The bar in red indicates where HBL Engineering'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.
HBL Engineering'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.
HBL Engineering (NSE:HBLENGINE) has a PB Ratio of 8.75 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HBL Engineering and its competitors. This is 165% above median its historical median of 3.30. Over the past decade, HBL Engineering's PB Ratio has ranged from 0.40 to 14.55. According to the industry distribution chart, HBL Engineering ranks #2775 out of 2982 companies in the Industrial Products industry, placing it in the top 93.1%.
Is HBL Engineering's PB Ratio too high?
HBL Engineering's current PB Ratio of 8.75 is 165% above median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 14.55. The Industrial Products industry median PB Ratio is 2.09. HBL Engineering's value of 8.75 is 319.7% above this industry median. Based on the distribution chart, HBL Engineering ranks #2775 out of 2982 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, HBL Engineering has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HBL Engineering's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, HBL Engineering ranks #2775 out of 2982 companies for PB Ratio. This places HBL Engineering in the lower half of its industry. The industry median PB Ratio is 2.09. HBL Engineering's value of 8.75 is 319.7% above this benchmark. Historically, HBL Engineering's own PB Ratio has ranged from 0.40 to 14.55 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 2.09, HBL Engineering 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 2.09, 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. HBL Engineering's current PB Ratio of 8.75 is 319.7% 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 HBL Engineering and its competitors. For the Industrial Products industry, the median PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBL Engineering's current PB Ratio is 8.75, which is 165% above median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBL Engineering stock overvalued right now?
Based on GuruFocus' analysis, HBL Engineering (NSE:HBLENGINE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹882.80, compared to a current price of ₹699.30 — trading 20.8% below its estimated fair value. The current PB Ratio is 8.75, which is 165% above median its 10-year median of 3.30 and 319.7% above the Industrial Products industry median of 2.09. HBL Engineering's overall GF Score™ is 91/100 with 1 warning sign 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 HBL Engineering (NSE:HBLENGINE), the current PB Ratio is 8.75 as of Jul. 31, 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 HBL Engineering (NSE:HBLENGINE) Overvalued in 2026?
Based on GuruFocus' analysis, HBL Engineering stock appears to be undervalued.
The current stock price of ₹699.30 is trading 20.8% below its estimated GF Value™ of ₹882.80.
GuruFocus considers HBL Engineering to be Modestly Undervalued.
Key valuation signals for NSE:HBLENGINE:
PB Ratio: 8.75 (165% above median its 10-year median of 3.30)
GF Value™: ₹882.80 vs. price of ₹699.30 (20.8% below fair value)
Industry Position: 319.7% above the Industrial Products median (#2775 of 2982)
No single metric tells the full story. See the NSE:HBLENGINE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HBL Engineering Ltd manufactures, assembles, purchases, imports, exports, acquires, develops, and deals in India or abroad in all types of cells, batteries, energy storage devices, conversion and generation devices, appliances, gadgets, solar panels, electronics, electro-mechanical and metallurgical appliances, electro-plating of metals and alloys by electrolytic processes, compounds, cement, oil paints, pigments, and Others. The Company's segments include Industrial batteries, Defense and Aviation batteries, and Electronics segment.
91GF Score
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