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Indo Count IndustriesNSE:ICIL -2.23%83 PB Ratio is 3.39 as of Jul. 15, 2026, which is 46% above its 10-year median of 2.32. GuruFocus rates NSE:ICIL with a GF Score™ of 83/100 and a GF Value™ of ₹358.16 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,000 Manufacturing - Apparel & Accessories companies, Indo Count Industries ranks worse than 84.5% on this metric.
During the past 12 months, Indo Count Industries's average Book Value Per Share Growth Rate was 3.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Indo Count Industries was 43.20% per year. The lowest was -5.70% per year. And the median was 14.60% per year.
Back to Basics: PB Ratio
Indo Count Industries (NSE:ICIL) 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.
Indo Count Industries PB Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Indo Count Industries'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.
Indo Count Industries PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Count Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Indo Count Industries'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.
Indo Count Industries (NSE:ICIL) has a PB Ratio of 3.39 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Indo Count Industries and its competitors. This is 46% above median its historical median of 2.32. Over the past decade, Indo Count Industries' PB Ratio has ranged from 0.49 to 4.13. According to the industry distribution chart, Indo Count Industries ranks #845 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 84.5%.
Is Indo Count Industries' PB Ratio too high?
Indo Count Industries' current PB Ratio of 3.39 is 46% above median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 4.13. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.08. Indo Count Industries' value of 3.39 is 213.9% above this industry median. Based on the distribution chart, Indo Count Industries ranks #845 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Indo Count Industries has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Count Industries' PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Indo Count Industries ranks #845 out of 1000 companies for PB Ratio. This places Indo Count Industries in the lower half of its industry. The industry median PB Ratio is 1.08. Indo Count Industries' value of 3.39 is 213.9% above this benchmark. Historically, Indo Count Industries' own PB Ratio has ranged from 0.49 to 4.13 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 1.08, Indo Count Industries 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.08, based on 1,000 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. Indo Count Industries's current PB Ratio of 3.39 is 213.9% 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 Indo Count Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Count Industries's current PB Ratio is 3.39, which is 46% above median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Count Industries stock overvalued right now?
Based on GuruFocus' analysis, Indo Count Industries (NSE:ICIL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹358.16, compared to a current price of ₹403.10 — trading 12.5% above its estimated fair value. The current PB Ratio is 3.39, which is 46% above median its 10-year median of 2.32 and 213.9% above the Manufacturing - Apparel & Accessories industry median of 1.08. Indo Count Industries' overall GF Score™ is 83/100 with 9 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 Indo Count Industries (NSE:ICIL), the current PB Ratio is 3.39 as of Jul. 15, 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 Indo Count Industries (NSE:ICIL) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Count Industries stock appears to be overvalued.
The current stock price of ₹403.10 is trading 12.5% above its estimated GF Value™ of ₹358.16.
GuruFocus considers Indo Count Industries to be Modestly Overvalued.
Key valuation signals for NSE:ICIL:
PB Ratio: 3.39 (46% above median its 10-year median of 2.32)
GF Value™: ₹358.16 vs. price of ₹403.10 (12.5% above fair value)
Industry Position: 213.9% above the Manufacturing - Apparel & Accessories median (#845 of 1000)
No single metric tells the full story. See the NSE:ICIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Count Industries Ltd is an India-based company principally engaged in the manufacturing and sale of textile products. The company manufactures and exports bed sheets, bed linen, utility bedding, pillowcases, fashion bedding, institutional bedding, comforters, quilts, decorative pillows, etc. Its products are marketed through brands like Pure Earth, Boutique Living, Atlas, Simply Put, Linen Closet, The Pure Collection, and Heirlooms of India. The company operates in a single segment and derives a majority of its revenue by exporting its products to countries like the United States of America, UAE, the United Kingdom, and others.
83GF Score
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