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Indo Farm EquipmentNSE:INDOFARM -0.61%37 PB Ratio is 1.31 as of Jul. 25, 2026, which is 7% below its 10-year median of 1.41. GuruFocus rates NSE:INDOFARM with a GF Score™ of 37/100. The stock has 4 warning signs investors should review. Among 202 Farm & Heavy Construction Machinery companies, Indo Farm Equipment ranks better than 56.44% on this metric.
The historical rank and industry rank for Indo Farm Equipment's PB Ratio or its related term are showing as below:
NSE:INDOFARM'
s PB Ratio Range Over the Past 10 Years
Min: 1.07 Med: 1.41 Max: 2.14
Current: 1.31
During the past 6 years, Indo Farm Equipment's highest PB Ratio was 2.14. The lowest was 1.07. And the median was 1.41.
NSE:INDOFARM's PB Ratio is ranked better than 56.44% of 202
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.515
vs NSE:INDOFARM: 1.31
During the past 12 months, Indo Farm Equipment's average Book Value Per Share Growth Rate was 4.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 24.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.20% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Indo Farm Equipment was 24.60% per year. The lowest was 6.70% per year. And the median was 24.20% per year.
Back to Basics: PB Ratio
Indo Farm Equipment (NSE:INDOFARM) 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.
Indo Farm Equipment PB Ratio Related Terms
Indo Farm Equipment PB Ratio Historical Data
* Premium members only.
The historical data trend for Indo Farm Equipment'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.
NSE:INDOFARM vs CAT, DE, PCAR: PB Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Indo Farm Equipment'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 Farm Equipment PB Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Indo Farm Equipment's PB Ratio distribution charts can be found below:
* The bar in red indicates where Indo Farm Equipment'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 Farm Equipment (NSE:INDOFARM) has a PB Ratio of 1.31 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Indo Farm Equipment and its competitors. This is near median its historical median of 1.41. Over the past decade, Indo Farm Equipment's PB Ratio has ranged from 1.07 to 2.14. According to the industry distribution chart, Indo Farm Equipment ranks #88 out of 202 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 43.6%.
Is Indo Farm Equipment's PB Ratio too high?
Indo Farm Equipment's current PB Ratio of 1.31 is near median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.14. The Farm & Heavy Construction Machinery industry median PB Ratio is 1.52. Indo Farm Equipment's value of 1.31 is 13.5% below this industry median. Based on the distribution chart, Indo Farm Equipment ranks #88 out of 202 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Indo Farm Equipment has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Indo Farm Equipment's PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Indo Farm Equipment ranks #88 out of 202 companies for PB Ratio. This puts Indo Farm Equipment in the upper half of its industry. The industry median PB Ratio is 1.52. Indo Farm Equipment's value of 1.31 is 13.5% below this benchmark. Historically, Indo Farm Equipment's own PB Ratio has ranged from 1.07 to 2.14 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.52, Indo Farm Equipment has consistently been below 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 Farm & Heavy Construction Machinery company?
The median PB Ratio among Farm & Heavy Construction Machinery companies is 1.52, based on 202 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 Farm Equipment's current PB Ratio of 1.31 is 13.5% below 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 Farm Equipment and its competitors. For the Farm & Heavy Construction Machinery industry, the median PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Farm Equipment's current PB Ratio is 1.31, which is near median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Farm Equipment stock overvalued right now?
Indo Farm Equipment (NSE:INDOFARM) has a current PB Ratio of 1.31. The current PB Ratio is 1.31, which is near median its 10-year median of 1.41 and 13.5% below the Farm & Heavy Construction Machinery industry median of 1.52. Indo Farm Equipment's overall GF Score™ is 37/100 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 Indo Farm Equipment (NSE:INDOFARM), the current PB Ratio is 1.31 as of Jul. 25, 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.
Indo Farm Equipment Ltd is a fully integrated established manufacturer of Tractors and Pick & Carry Cranes. It also deals in other farm equipment such as Harvester Combines, Rotavators, and other related spares & components. Its facilities are equipped with induction furnaces, pneumatic molding machines, automatic molding line, a sand plant, a fully equipped Metallurgy and Sand Testing Laboratory, a Machining Center, a Gear Shop, a Press Shop, Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room.
37GF Score
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