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HI-Green CarbonNSE:HIGREEN +0.28%58 PB Ratio is 3.53 as of Aug. 26, 2026, which is 43% below its 10-year median of 6.21. GuruFocus rates NSE:HIGREEN with a GF Score™ of 58/100 and a GF Value™ of ₹337.46 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,580 Chemicals companies, HI-Green Carbon ranks worse than 78.42% 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 (2026-08-26), HI-Green Carbon's share price is ₹127.50. HI-Green Carbon's Book Value per Share for the quarter that ended in Mar. 2026 was ₹36.16. Hence, HI-Green Carbon's PB Ratio of today is 3.53.
The historical rank and industry rank for HI-Green Carbon's PB Ratio or its related term are showing as below:
NSE:HIGREEN'
s PB Ratio Range Over the Past 10 Years
Min: 3.02 Med: 6.21 Max: 24.72
Current: 3.52
During the past 6 years, HI-Green Carbon's highest PB Ratio was 24.72. The lowest was 3.02. And the median was 6.21.
NSE:HIGREEN's PB Ratio is ranked worse than 78.42% of 1580
companies
in the Chemicals industry
Industry Median: 1.73
vs NSE:HIGREEN: 3.52
During the past 12 months, HI-Green Carbon's average Book Value Per Share Growth Rate was 3.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 54.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 73.00% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of HI-Green Carbon was 110.80% per year. The lowest was 54.70% per year. And the median was 94.70% 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.
HI-Green Carbon PB Ratio Related Terms
HI-Green Carbon PB Ratio Historical Data
* Premium members only.
The historical data trend for HI-Green Carbon'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 Specialty Chemicals subindustry, HI-Green Carbon'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.
HI-Green Carbon PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, HI-Green Carbon's PB Ratio distribution charts can be found below:
* The bar in red indicates where HI-Green Carbon'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.
HI-Green Carbon'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.
HI-Green Carbon (NSE:HIGREEN) has a PB Ratio of 3.53 as of Aug. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HI-Green Carbon and its competitors. This is 43% below median its historical median of 6.21. Over the past decade, HI-Green Carbon's PB Ratio has ranged from 3.02 to 24.72. According to the industry distribution chart, HI-Green Carbon ranks #1239 out of 1580 companies in the Chemicals industry, placing it in the top 78.4%.
Is HI-Green Carbon's PB Ratio too high?
HI-Green Carbon's current PB Ratio of 3.53 is 43% below median its 10-year median of 6.21. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 24.72. The Chemicals industry median PB Ratio is 1.73. HI-Green Carbon's value of 3.53 is 104% above this industry median. Based on the distribution chart, HI-Green Carbon ranks #1239 out of 1580 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, HI-Green Carbon has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HI-Green Carbon's PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, HI-Green Carbon ranks #1239 out of 1580 companies for PB Ratio. This places HI-Green Carbon in the lower half of its industry. The industry median PB Ratio is 1.73. HI-Green Carbon's value of 3.53 is 104% above this benchmark. Historically, HI-Green Carbon's own PB Ratio has ranged from 3.02 to 24.72 over the past decade. While the company's 10-year median is 6.21 vs. the industry median of 1.73, HI-Green Carbon 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.73, based on 1,580 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. HI-Green Carbon's current PB Ratio of 3.53 is 104% 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 HI-Green Carbon and its competitors. For the Chemicals industry, the median PB Ratio is 1.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HI-Green Carbon's current PB Ratio is 3.53, which is 43% below median its own 10-year median of 6.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HI-Green Carbon stock overvalued right now?
Based on GuruFocus' analysis, HI-Green Carbon (NSE:HIGREEN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹337.46, compared to a current price of ₹127.50 — trading 62.2% below its estimated fair value. The current PB Ratio is 3.53, which is 43% below median its 10-year median of 6.21 and 104% above the Chemicals industry median of 1.73. HI-Green Carbon's overall GF Score™ is 58/100 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 HI-Green Carbon (NSE:HIGREEN), the current PB Ratio is 3.53 as of Aug. 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 HI-Green Carbon (NSE:HIGREEN) Overvalued in 2026?
Based on GuruFocus' analysis, HI-Green Carbon stock appears to be undervalued.
The current stock price of ₹127.50 is trading 62.2% below its estimated GF Value™ of ₹337.46.
GuruFocus considers HI-Green Carbon to be Possible Value Trap.
Key valuation signals for NSE:HIGREEN:
PB Ratio: 3.53 (43% below median its 10-year median of 6.21)
GF Value™: ₹337.46 vs. price of ₹127.50 (62.2% below fair value)
Industry Position: 104% above the Chemicals median (#1239 of 1580)
No single metric tells the full story. See the NSE:HIGREEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hi-Green Carbon Ltd is engaged in the business of recycling waste tires using a continuous pyrolysis process at its manufacturing plant in Rajasthan, India. The process produces energy components and raw materials such as Recovered Carbon Black (rCB), steel wires, fuel oil, and synthesis gas. The company operates an integrated, automated plant with a capacity to recycle tons of waste tires per day and adheres to various environmental, health, safety, and quality certifications. Hi-Green Carbon is expanding its production capacity with plans for new manufacturing units to enhance production and sustainability efforts. Revenue comes from the sale of these recycled products and by-products.
58GF Score
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