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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
India Tourism DevelopmentNSE:ITDC +16.16%78 PB Ratio is 16.11 as of Jul. 16, 2026, which is 53% above its 10-year median of 10.52. GuruFocus rates NSE:ITDC with a GF Score™ of 78/100 and a GF Value™ of ₹574.19 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 792 Travel & Leisure companies, India Tourism Development ranks worse than 96.46% on this metric.
India Tourism Development Corp Ltd stock PB Ratio (=14.58) is close to 2-year high of 15.93.
The historical rank and industry rank for India Tourism Development's PB Ratio or its related term are showing as below:
NSE:ITDC'
s PB Ratio Range Over the Past 10 Years
Min: 3.53 Med: 10.52 Max: 23.37
Current: 16.15
During the past 13 years, India Tourism Development's highest PB Ratio was 23.37. The lowest was 3.53. And the median was 10.52.
NSE:ITDC's PB Ratio is ranked worse than 96.46% of 792
companies
in the Travel & Leisure industry
Industry Median: 1.49
vs NSE:ITDC: 16.15
During the past 12 months, India Tourism Development's average Book Value Per Share Growth Rate was 16.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of India Tourism Development was 8.70% per year. The lowest was -11.80% per year. And the median was 1.45% per year.
Back to Basics: PB Ratio
India Tourism Development (NSE:ITDC) 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.
India Tourism Development PB Ratio Related Terms
India Tourism Development 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.
For the Lodging subindustry, India Tourism Development'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.
India Tourism Development PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, India Tourism Development's PB Ratio distribution charts can be found below:
* The bar in red indicates where India Tourism Development'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.
India Tourism Development (NSE:ITDC) has a PB Ratio of 16.11 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on India Tourism Development and its competitors. This is 53% above median its historical median of 10.52. Over the past decade, India Tourism Development's PB Ratio has ranged from 3.53 to 23.37. According to the industry distribution chart, India Tourism Development ranks #764 out of 792 companies in the Travel & Leisure industry, placing it in the top 96.5%.
Is India Tourism Development's PB Ratio too high?
India Tourism Development's current PB Ratio of 16.11 is 53% above median its 10-year median of 10.52. Over the past 10 years, this metric has ranged from a low of 3.53 to a high of 23.37. The Travel & Leisure industry median PB Ratio is 1.49. India Tourism Development's value of 16.11 is 981.2% above this industry median. Based on the distribution chart, India Tourism Development ranks #764 out of 792 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, India Tourism Development has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does India Tourism Development's PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, India Tourism Development ranks #764 out of 792 companies for PB Ratio. This places India Tourism Development in the lower half of its industry. The industry median PB Ratio is 1.49. India Tourism Development's value of 16.11 is 981.2% above this benchmark. Historically, India Tourism Development's own PB Ratio has ranged from 3.53 to 23.37 over the past decade. While the company's 10-year median is 10.52 vs. the industry median of 1.49, India Tourism Development 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.49, based on 792 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. India Tourism Development's current PB Ratio of 16.11 is 981.2% 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 India Tourism Development and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Tourism Development's current PB Ratio is 16.11, which is 53% above median its own 10-year median of 10.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Tourism Development stock overvalued right now?
Based on GuruFocus' analysis, India Tourism Development (NSE:ITDC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹574.19, compared to a current price of ₹793.90 — trading 38.3% above its estimated fair value. The current PB Ratio is 16.11, which is 53% above median its 10-year median of 10.52 and 981.2% above the Travel & Leisure industry median of 1.49. India Tourism Development's overall GF Score™ is 78/100 with 6 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 India Tourism Development (NSE:ITDC), the current PB Ratio is 16.11 as of Jul. 16, 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 India Tourism Development (NSE:ITDC) Overvalued in 2026?
Based on GuruFocus' analysis, India Tourism Development stock appears to be overvalued.
The current stock price of ₹793.90 is trading 38.3% above its estimated GF Value™ of ₹574.19.
GuruFocus considers India Tourism Development to be Significantly Overvalued.
Key valuation signals for NSE:ITDC:
PB Ratio: 16.11 (53% above median its 10-year median of 10.52)
GF Value™: ₹574.19 vs. price of ₹793.90 (38.3% above fair value)
Industry Position: 981.2% above the Travel & Leisure median (#764 of 792)
No single metric tells the full story. See the NSE:ITDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
India Tourism Development Corp Ltd operates in the hotel industry. The company's operating segment includes Hotel/Restaurant Operations; Duty Free Shops Operations; Travel and Tour Operations; Ashok Events and Misc. Operations; Construction, Consultancy and SEL Projects and Others. It generates maximum revenue from the Hotel/Restaurant Operations segment.
78GF Score
Get the complete analysis for NSE:ITDC
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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