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NSE:IREDA's PB Ratio is ranked worse than 80.04% of 526
companies
in the Credit Services industry
Industry Median: 1.06
vs NSE:IREDA: 2.47
During the past 12 months, Indian Renewable Energy Development Agency's average Book Value Per Share Growth Rate was 28.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 30.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 32.20% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Indian Renewable Energy Development Agency was 41.90% per year. The lowest was 24.90% per year. And the median was 30.50% per year.
Back to Basics: PB Ratio
Indian Renewable Energy Development Agency (NSE:IREDA) 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.
Indian Renewable Energy Development Agency PB Ratio Related Terms
Indian Renewable Energy Development Agency PB Ratio Historical Data
* 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.
Indian Renewable Energy Development Agency PB Ratio Chart
Indian Renewable Energy Development Agency Annual Data
For the Credit Services subindustry, Indian Renewable Energy Development Agency'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.
Indian Renewable Energy Development Agency PB Ratio vs Credit Services Industry
Indian Renewable Energy Development Agency PB Ratio Calculation
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.
Indian Renewable Energy Development Agency (NSE:IREDA) has a PB Ratio of 2.47 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Indian Renewable Energy Development Agency and its competitors. This is 43% below median its historical median of 4.34. Over the past decade, Indian Renewable Energy Development Agency's PB Ratio has ranged from 2.34 to 6.58. According to the industry distribution chart, Indian Renewable Energy Development Agency ranks #421 out of 526 companies in the Credit Services industry, placing it in the top 80%.
Is Indian Renewable Energy Development Agency's PB Ratio too high?
Indian Renewable Energy Development Agency's current PB Ratio of 2.47 is 43% below median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 6.58. The Credit Services industry median PB Ratio is 1.06. Indian Renewable Energy Development Agency's value of 2.47 is 133% above this industry median. Based on the distribution chart, Indian Renewable Energy Development Agency ranks #421 out of 526 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Indian Renewable Energy Development Agency has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Indian Renewable Energy Development Agency's PB Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Indian Renewable Energy Development Agency ranks #421 out of 526 companies for PB Ratio. This places Indian Renewable Energy Development Agency in the lower half of its industry. The industry median PB Ratio is 1.06. Indian Renewable Energy Development Agency's value of 2.47 is 133% above this benchmark. Historically, Indian Renewable Energy Development Agency's own PB Ratio has ranged from 2.34 to 6.58 over the past decade. While the company's 10-year median is 4.34 vs. the industry median of 1.06, Indian Renewable Energy Development Agency 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 Credit Services company?
The median PB Ratio among Credit Services companies is 1.06, based on 526 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. Indian Renewable Energy Development Agency's current PB Ratio of 2.47 is 133% 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 Indian Renewable Energy Development Agency and its competitors. For the Credit Services industry, the median PB Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Renewable Energy Development Agency's current PB Ratio is 2.47, which is 43% below median its own 10-year median of 4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Renewable Energy Development Agency stock overvalued right now?
Indian Renewable Energy Development Agency (NSE:IREDA) has a current PB Ratio of 2.47. The current PB Ratio is 2.47, which is 43% below median its 10-year median of 4.34 and 133% above the Credit Services industry median of 1.06. Indian Renewable Energy Development Agency's overall GF Score™ is 35/100 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 Indian Renewable Energy Development Agency (NSE:IREDA), the current PB Ratio is 2.47 as of Jul. 22, 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.
Indian Renewable Energy Development Agency Business Description
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. The company operates in two segments: Financing activities in the Renewable Energy (RE) & Energy Efficiency (EE) sector and Generation of power through Solar Plant operations at Kasaragod, Kerala. Majority revenue for the company is genetrated from the segment of financing activities in the RE EE sector.
35GF Score
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