Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hindware Home InnovationNSE:HINDWAREAP +4.32%76 PB Ratio is 2.51 as of Jul. 28, 2026, which is 40% below its 10-year median of 4.20. GuruFocus rates NSE:HINDWAREAP with a GF Score™ of 76/100 and a GF Value™ of ₹308.78 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 422 Furnishings, Fixtures & Appliances companies, Hindware Home Innovation ranks worse than 74.64% on this metric.
Hindware Home Innovation Ltd stock PB Ratio (=2.41) is close to 1-year low of 2.24.
The historical rank and industry rank for Hindware Home Innovation's PB Ratio or its related term are showing as below:
NSE:HINDWAREAP'
s PB Ratio Range Over the Past 10 Years
Min: 1.53 Med: 4.2 Max: 7.54
Current: 2.51
During the past 9 years, Hindware Home Innovation's highest PB Ratio was 7.54. The lowest was 1.53. And the median was 4.20.
NSE:HINDWAREAP's PB Ratio is ranked worse than 74.64% of 422
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.295
vs NSE:HINDWAREAP: 2.51
During the past 12 months, Hindware Home Innovation's average Book Value Per Share Growth Rate was -5.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.50% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Hindware Home Innovation was 1957.30% per year. The lowest was 5.10% per year. And the median was 24.50% per year.
Back to Basics: PB Ratio
Hindware Home Innovation (NSE:HINDWAREAP) 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.
* 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.
NSE:HINDWAREAP vs SN, SGI, MHK: PB Ratio Comparison
For the Furnishings, Fixtures & Appliances subindustry, Hindware Home Innovation'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.
Hindware Home Innovation PB Ratio vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hindware Home Innovation's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hindware Home Innovation'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.
* 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.
Hindware Home Innovation (NSE:HINDWAREAP) has a PB Ratio of 2.51 as of Jul. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hindware Home Innovation and its competitors. This is 40% below median its historical median of 4.20. Over the past decade, Hindware Home Innovation's PB Ratio has ranged from 1.53 to 7.54. According to the industry distribution chart, Hindware Home Innovation ranks #315 out of 422 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 74.6%.
Is Hindware Home Innovation's PB Ratio too high?
Hindware Home Innovation's current PB Ratio of 2.51 is 40% below median its 10-year median of 4.20. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 7.54. The Furnishings, Fixtures & Appliances industry median PB Ratio is 1.30. Hindware Home Innovation's value of 2.51 is 93.8% above this industry median. Based on the distribution chart, Hindware Home Innovation ranks #315 out of 422 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Hindware Home Innovation has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindware Home Innovation's PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Hindware Home Innovation ranks #315 out of 422 companies for PB Ratio. This places Hindware Home Innovation in the lower half of its industry. The industry median PB Ratio is 1.30. Hindware Home Innovation's value of 2.51 is 93.8% above this benchmark. Historically, Hindware Home Innovation's own PB Ratio has ranged from 1.53 to 7.54 over the past decade. While the company's 10-year median is 4.20 vs. the industry median of 1.30, Hindware Home Innovation 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 Furnishings, Fixtures & Appliances company?
The median PB Ratio among Furnishings, Fixtures & Appliances companies is 1.30, based on 422 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. Hindware Home Innovation's current PB Ratio of 2.51 is 93.8% 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 Hindware Home Innovation and its competitors. For the Furnishings, Fixtures & Appliances industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindware Home Innovation's current PB Ratio is 2.51, which is 40% below median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindware Home Innovation stock overvalued right now?
Based on GuruFocus' analysis, Hindware Home Innovation (NSE:HINDWAREAP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹308.78, compared to a current price of ₹221.05 — trading 28.4% below its estimated fair value. The current PB Ratio is 2.51, which is 40% below median its 10-year median of 4.20 and 93.8% above the Furnishings, Fixtures & Appliances industry median of 1.30. Hindware Home Innovation's overall GF Score™ is 76/100 with 7 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 Hindware Home Innovation (NSE:HINDWAREAP), the current PB Ratio is 2.51 as of Jul. 28, 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 Hindware Home Innovation (NSE:HINDWAREAP) Overvalued in 2026?
Based on GuruFocus' analysis, Hindware Home Innovation stock appears to be undervalued.
The current stock price of ₹221.05 is trading 28.4% below its estimated GF Value™ of ₹308.78.
GuruFocus considers Hindware Home Innovation to be Modestly Undervalued.
Key valuation signals for NSE:HINDWAREAP:
PB Ratio: 2.51 (40% below median its 10-year median of 4.20)
GF Value™: ₹308.78 vs. price of ₹221.05 (28.4% below fair value)
Industry Position: 93.8% above the Furnishings, Fixtures & Appliances median (#315 of 422)
No single metric tells the full story. See the NSE:HINDWAREAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hindware Home Innovation Ltd is involved in manufacturing, selling, and trading building products, glass products, consumer products, plastic products, and retail businesses. Its product range includes Kitchen Ensemble, water heaters, air coolers, water purifiers, air purifiers, and window vents, among others. Some of its brands are Hindware, Moonbow, and Evok. The company operates through segments such as Building Products and Consumer Appliances. It functions in India and derives the majority of its revenue from the Building Products segment.
76GF Score
Get the complete analysis for NSE:HINDWAREAP
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:HINDWAREAP has been successfully added to your 
