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HFCLNSE:HFCL -4.91%55 PB Ratio is 6.16 as of Jul. 26, 2026, which is 109% above its 10-year median of 2.95. GuruFocus rates NSE:HFCL with a GF Score™ of 55/100 and a GF Value™ of ₹114.97 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,420 Hardware companies, HFCL ranks worse than 83.6% 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 (2026-07-26), HFCL's share price is ₹196.85. HFCL's Book Value per Share for the quarter that ended in Jun. 2026 was ₹31.96. Hence, HFCL's PB Ratio of today is 6.16.
Warning Sign:
HFCL Ltd stock PB Ratio (=6.16) is close to 10-year high of 6.74.
The historical rank and industry rank for HFCL's PB Ratio or its related term are showing as below:
NSE:HFCL'
s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 2.95 Max: 6.74
Current: 6.16
During the past 13 years, HFCL's highest PB Ratio was 6.74. The lowest was 0.68. And the median was 2.95.
NSE:HFCL's PB Ratio is ranked worse than 83.6% of 2420
companies
in the Hardware industry
Industry Median: 2.19
vs NSE:HFCL: 6.16
During the past 12 months, HFCL's average Book Value Per Share Growth Rate was 13.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HFCL was 152.00% per year. The lowest was -79.40% per year. And the median was 18.70% 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.
HFCL PB Ratio Related Terms
HFCL PB Ratio Historical Data
* Premium members only.
The historical data trend for HFCL'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 Communication Equipment subindustry, HFCL'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.
HFCL PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, HFCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where HFCL'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.
HFCL'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.
HFCL (NSE:HFCL) has a PB Ratio of 6.16 as of Jul. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HFCL and its competitors. This is 109% above median its historical median of 2.95. Over the past decade, HFCL's PB Ratio has ranged from 0.68 to 6.74. According to the industry distribution chart, HFCL ranks #2023 out of 2420 companies in the Hardware industry, placing it in the top 83.6%.
Is HFCL's PB Ratio too high?
HFCL's current PB Ratio of 6.16 is 109% above median its 10-year median of 2.95. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 6.74. The Hardware industry median PB Ratio is 2.19. HFCL's value of 6.16 is 181.3% above this industry median. Based on the distribution chart, HFCL ranks #2023 out of 2420 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, HFCL has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HFCL's PB Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, HFCL ranks #2023 out of 2420 companies for PB Ratio. This places HFCL in the lower half of its industry. The industry median PB Ratio is 2.19. HFCL's value of 6.16 is 181.3% above this benchmark. Historically, HFCL's own PB Ratio has ranged from 0.68 to 6.74 over the past decade. While the company's 10-year median is 2.95 vs. the industry median of 2.19, HFCL 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 Hardware company?
The median PB Ratio among Hardware companies is 2.19, based on 2,420 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. HFCL's current PB Ratio of 6.16 is 181.3% 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 HFCL and its competitors. For the Hardware industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HFCL's current PB Ratio is 6.16, which is 109% above median its own 10-year median of 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HFCL stock overvalued right now?
Based on GuruFocus' analysis, HFCL (NSE:HFCL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹114.97, compared to a current price of ₹196.85 — trading 71.2% above its estimated fair value. The current PB Ratio is 6.16, which is 109% above median its 10-year median of 2.95 and 181.3% above the Hardware industry median of 2.19. HFCL's overall GF Score™ is 55/100 with 6 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 HFCL (NSE:HFCL), the current PB Ratio is 6.16 as of Jul. 26, 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 HFCL (NSE:HFCL) Overvalued in 2026?
Based on GuruFocus' analysis, HFCL stock appears to be overvalued.
The current stock price of ₹196.85 is trading 71.2% above its estimated GF Value™ of ₹114.97.
GuruFocus considers HFCL to be Significantly Overvalued.
Key valuation signals for NSE:HFCL:
PB Ratio: 6.16 (109% above median its 10-year median of 2.95)
GF Value™: ₹114.97 vs. price of ₹196.85 (71.2% above fair value)
Industry Position: 181.3% above the Hardware median (#2023 of 2420)
No single metric tells the full story. See the NSE:HFCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HFCL Ltd is an Indian manufacturer and exporter of optical fiber cables and broadband equipment for the telecommunication industry. Firm business segments include Telecom Products and Turnkey Contracts Services. The Telecom Product segment produces optical fiber cable, optical fiber, and telecom equipment. The Turnkey Contracts and services segment is engaged in delivering telecom infrastructure and communication network systems for Telecom Operators, Defence Services, Railways, Safe and Smart Cities, etc. The firm's products and solutions include Fiber optics, Telecommunication, Defence, and Passive Networking Components. It generates substantial revenue from the sale of turnkey projects and related activities.
55GF Score
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