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HLE GlascoatNSE:HLEGLAS -20.00%92 PB Ratio is 4.94 as of Aug. 12, 2026, which is 24% below its 10-year median of 6.46. GuruFocus rates NSE:HLEGLAS with a GF Score™ of 92/100 and a GF Value™ of ₹622.20 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,978 Industrial Products companies, HLE Glascoat ranks worse than 79.11% 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 (2026-08-12), HLE Glascoat's share price is ₹379.60. HLE Glascoat's Book Value per Share for the quarter that ended in Mar. 2026 was ₹76.87. Hence, HLE Glascoat's PB Ratio of today is 4.94.
The historical rank and industry rank for HLE Glascoat's PB Ratio or its related term are showing as below:
NSE:HLEGLAS'
s PB Ratio Range Over the Past 10 Years
Min: 1.81 Med: 6.46 Max: 45.48
Current: 4.94
During the past 13 years, HLE Glascoat's highest PB Ratio was 45.48. The lowest was 1.81. And the median was 6.46.
NSE:HLEGLAS's PB Ratio is ranked worse than 79.11% of 2978
companies
in the Industrial Products industry
Industry Median: 2.22
vs NSE:HLEGLAS: 4.94
During the past 12 months, HLE Glascoat's average Book Value Per Share Growth Rate was 14.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 28.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 24.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HLE Glascoat was 60.90% per year. The lowest was -7.50% per year. And the median was 11.30% 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.
HLE Glascoat PB Ratio Related Terms
HLE Glascoat PB Ratio Historical Data
* Premium members only.
The historical data trend for HLE Glascoat'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 Industrial Machinery subindustry, HLE Glascoat'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.
HLE Glascoat PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HLE Glascoat's PB Ratio distribution charts can be found below:
* The bar in red indicates where HLE Glascoat'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.
HLE Glascoat'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.
HLE Glascoat (NSE:HLEGLAS) has a PB Ratio of 4.94 as of Aug. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HLE Glascoat and its competitors. This is 24% below median its historical median of 6.46. Over the past decade, HLE Glascoat's PB Ratio has ranged from 1.81 to 45.48. According to the industry distribution chart, HLE Glascoat ranks #2356 out of 2978 companies in the Industrial Products industry, placing it in the top 79.1%.
Is HLE Glascoat's PB Ratio too high?
HLE Glascoat's current PB Ratio of 4.94 is 24% below median its 10-year median of 6.46. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 45.48. The Industrial Products industry median PB Ratio is 2.22. HLE Glascoat's value of 4.94 is 122.5% above this industry median. Based on the distribution chart, HLE Glascoat ranks #2356 out of 2978 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, HLE Glascoat has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HLE Glascoat's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, HLE Glascoat ranks #2356 out of 2978 companies for PB Ratio. This places HLE Glascoat in the lower half of its industry. The industry median PB Ratio is 2.22. HLE Glascoat's value of 4.94 is 122.5% above this benchmark. Historically, HLE Glascoat's own PB Ratio has ranged from 1.81 to 45.48 over the past decade. While the company's 10-year median is 6.46 vs. the industry median of 2.22, HLE Glascoat 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 2.22, based on 2,978 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. HLE Glascoat's current PB Ratio of 4.94 is 122.5% 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 HLE Glascoat and its competitors. For the Industrial Products industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HLE Glascoat's current PB Ratio is 4.94, which is 24% below median its own 10-year median of 6.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HLE Glascoat stock overvalued right now?
Based on GuruFocus' analysis, HLE Glascoat (NSE:HLEGLAS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹622.20, compared to a current price of ₹379.60 — trading 39% below its estimated fair value. The current PB Ratio is 4.94, which is 24% below median its 10-year median of 6.46 and 122.5% above the Industrial Products industry median of 2.22. HLE Glascoat's overall GF Score™ is 92/100 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 HLE Glascoat (NSE:HLEGLAS), the current PB Ratio is 4.94 as of Aug. 12, 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 HLE Glascoat (NSE:HLEGLAS) Overvalued in 2026?
Based on GuruFocus' analysis, HLE Glascoat stock appears to be undervalued.
The current stock price of ₹379.60 is trading 39% below its estimated GF Value™ of ₹622.20.
GuruFocus considers HLE Glascoat to be Significantly Undervalued.
Key valuation signals for NSE:HLEGLAS:
PB Ratio: 4.94 (24% below median its 10-year median of 6.46)
GF Value™: ₹622.20 vs. price of ₹379.60 (39% below fair value)
Industry Position: 122.5% above the Industrial Products median (#2356 of 2978)
No single metric tells the full story. See the NSE:HLEGLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HLE Glascoat Ltd is a process equipment manufacturer and a solution provider to the chemical and pharmaceutical industries. The company mainly manufactures filtration, glass-lined, and drying equipment. Its product portfolio comprises reactors, receivers, storage tanks, columns, agitators, agitated filters and dryers, rotary vacuum paddle dryers, other chemical process equipment, and related spares and accessories. The company's operating segments are: Filtration, drying and other equipment; Glass-lined equipment; and Heat transfer equipment. Maximum revenue is generated from its glass-lined equipment business. Geographically, the company generates maximum revenue from its business in India, and also exports its products to other markets.
92GF Score
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