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Indo Tech TransformersNSE:INDOTECH -0.98%81 PB Ratio is 9.66 as of Jul. 20, 2026, which is 531% above its 10-year median of 1.53. GuruFocus rates NSE:INDOTECH with a GF Score™ of 81/100 and a GF Value™ of ₹2,166.93 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,981 Industrial Products companies, Indo Tech Transformers ranks worse than 93.09% on this metric.
Indo Tech Transformers Ltd stock PB Ratio (=9.71) is close to 1-year high of 9.71.
The historical rank and industry rank for Indo Tech Transformers's PB Ratio or its related term are showing as below:
NSE:INDOTECH'
s PB Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.53 Max: 13.81
Current: 9.71
During the past 13 years, Indo Tech Transformers's highest PB Ratio was 13.81. The lowest was 0.62. And the median was 1.53.
NSE:INDOTECH's PB Ratio is ranked worse than 93.09% of 2981
companies
in the Industrial Products industry
Industry Median: 2.11
vs NSE:INDOTECH: 9.71
During the past 12 months, Indo Tech Transformers's average Book Value Per Share Growth Rate was 33.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 29.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 23.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Indo Tech Transformers was 182.70% per year. The lowest was -34.90% per year. And the median was 10.50% per year.
Back to Basics: PB Ratio
Indo Tech Transformers (NSE:INDOTECH) 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.
For the Electrical Equipment & Parts subindustry, Indo Tech Transformers'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 Tech Transformers PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Indo Tech Transformers's PB Ratio distribution charts can be found below:
* The bar in red indicates where Indo Tech Transformers'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 Tech Transformers (NSE:INDOTECH) has a PB Ratio of 9.66 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Indo Tech Transformers and its competitors. This is 531% above median its historical median of 1.53. Over the past decade, Indo Tech Transformers' PB Ratio has ranged from 0.62 to 13.81. According to the industry distribution chart, Indo Tech Transformers ranks #2775 out of 2981 companies in the Industrial Products industry, placing it in the top 93.1%.
Is Indo Tech Transformers' PB Ratio too high?
Indo Tech Transformers' current PB Ratio of 9.66 is 531% above median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 13.81. The Industrial Products industry median PB Ratio is 2.11. Indo Tech Transformers' value of 9.66 is 357.8% above this industry median. Based on the distribution chart, Indo Tech Transformers ranks #2775 out of 2981 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Indo Tech Transformers has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Tech Transformers' PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Indo Tech Transformers ranks #2775 out of 2981 companies for PB Ratio. This places Indo Tech Transformers in the lower half of its industry. The industry median PB Ratio is 2.11. Indo Tech Transformers' value of 9.66 is 357.8% above this benchmark. Historically, Indo Tech Transformers' own PB Ratio has ranged from 0.62 to 13.81 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 2.11, Indo Tech Transformers 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 2.11, based on 2,981 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 Tech Transformers's current PB Ratio of 9.66 is 357.8% 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 Indo Tech Transformers and its competitors. For the Industrial Products industry, the median PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Tech Transformers's current PB Ratio is 9.66, which is 531% above median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Tech Transformers stock overvalued right now?
Based on GuruFocus' analysis, Indo Tech Transformers (NSE:INDOTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2,166.93, compared to a current price of ₹3,400.90 — trading 56.9% above its estimated fair value. The current PB Ratio is 9.66, which is 531% above median its 10-year median of 1.53 and 357.8% above the Industrial Products industry median of 2.11. Indo Tech Transformers' overall GF Score™ is 81/100 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 Tech Transformers (NSE:INDOTECH), the current PB Ratio is 9.66 as of Jul. 20, 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 Tech Transformers (NSE:INDOTECH) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Tech Transformers stock appears to be overvalued.
The current stock price of ₹3,400.90 is trading 56.9% above its estimated GF Value™ of ₹2,166.93.
GuruFocus considers Indo Tech Transformers to be Significantly Overvalued.
Key valuation signals for NSE:INDOTECH:
PB Ratio: 9.66 (531% above median its 10-year median of 1.53)
GF Value™: ₹2,166.93 vs. price of ₹3,400.90 (56.9% above fair value)
Industry Position: 357.8% above the Industrial Products median (#2775 of 2981)
No single metric tells the full story. See the NSE:INDOTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Tech Transformers Ltd is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile sub-station transformers, and various special application transformers, mobile sub-station transformers and sub-stations. The Company has its manufacturing plant located at Kancheepuram in Tamil Nadu. The majority of the geographical revenue of the company is generated in India.
81GF Score
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