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JSW HoldingsNSE:JSWHL -1.82%79 PB Ratio is 0.38 as of Jul. 15, 2026, which is 6% above its 10-year median of 0.36. GuruFocus rates NSE:JSWHL with a GF Score™ of 79/100 and a GF Value™ of ₹9,923.08 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 549 Conglomerates companies, JSW Holdings ranks better than 84.88% on this metric.
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. As of today (2026-07-15), JSW Holdings's share price is ₹11212.00. JSW Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was ₹29,745.43. Hence, JSW Holdings's PB Ratio of today is 0.38.
Good Sign:
JSW Holdings Ltd stock PB Ratio (=0.38) is close to 1-year low of 0.38.
The historical rank and industry rank for JSW Holdings's PB Ratio or its related term are showing as below:
NSE:JSWHL'
s PB Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.36 Max: 1.85
Current: 0.38
During the past 13 years, JSW Holdings's highest PB Ratio was 1.85. The lowest was 0.17. And the median was 0.36.
NSE:JSWHL's PB Ratio is ranked better than 84.88% of 549
companies
in the Conglomerates industry
Industry Median: 1.04
vs NSE:JSWHL: 0.38
During the past 12 months, JSW Holdings's average Book Value Per Share Growth Rate was 5.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 33.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of JSW Holdings was 121.40% per year. The lowest was 2.50% per year. And the median was 8.70% per year.
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.
JSW Holdings PB Ratio Related Terms
JSW Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for JSW Holdings'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.
For the Conglomerates subindustry, JSW Holdings'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.
JSW Holdings PB Ratio vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, JSW Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where JSW Holdings'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.
JSW Holdings's PB Ratio for today is calculated as follows:
* 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.
JSW Holdings (NSE:JSWHL) has a PB Ratio of 0.38 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 JSW Holdings and its competitors. This is near median its historical median of 0.36. Over the past decade, JSW Holdings' PB Ratio has ranged from 0.17 to 1.85. According to the industry distribution chart, JSW Holdings ranks #83 out of 549 companies in the Conglomerates industry, placing it in the top 15.1%.
Is JSW Holdings' PB Ratio too high?
JSW Holdings' current PB Ratio of 0.38 is near median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.85. The Conglomerates industry median PB Ratio is 1.04. JSW Holdings' value of 0.38 is 63.5% below this industry median. Based on the distribution chart, JSW Holdings ranks #83 out of 549 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, JSW Holdings has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Holdings' PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, JSW Holdings ranks #83 out of 549 companies for PB Ratio. This places JSW Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.04. JSW Holdings' value of 0.38 is 63.5% below this benchmark. Historically, JSW Holdings' own PB Ratio has ranged from 0.17 to 1.85 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 1.04, JSW Holdings 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 Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.04, based on 549 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. JSW Holdings's current PB Ratio of 0.38 is 63.5% 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 JSW Holdings and its competitors. For the Conglomerates industry, the median PB Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Holdings's current PB Ratio is 0.38, which is near median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Holdings stock overvalued right now?
Based on GuruFocus' analysis, JSW Holdings (NSE:JSWHL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹9,923.08, compared to a current price of ₹11,212.00 — trading 13% above its estimated fair value. The current PB Ratio is 0.38, which is near median its 10-year median of 0.36 and 63.5% below the Conglomerates industry median of 1.04. JSW Holdings' overall GF Score™ is 79/100 with 5 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 JSW Holdings (NSE:JSWHL), the current PB Ratio is 0.38 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 JSW Holdings (NSE:JSWHL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Holdings stock appears to be overvalued.
The current stock price of ₹11,212.00 is trading 13% above its estimated GF Value™ of ₹9,923.08.
GuruFocus considers JSW Holdings to be Modestly Overvalued.
Key valuation signals for NSE:JSWHL:
PB Ratio: 0.38 (near median its 10-year median of 0.36)
GF Value™: ₹9,923.08 vs. price of ₹11,212.00 (13% above fair value)
Industry Position: 63.5% below the Conglomerates median (#83 of 549)
No single metric tells the full story. See the NSE:JSWHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Holdings Ltd is a conglomerate company with businesses in steel, energy, infrastructure, and cement. Its primary business segment is Investing and Financing. It derives revenue from Interest Income, Dividend Income, and Pledge Fees. Product offering under Steel includes Hot Rolled, Cold Rolled, Color Coated Products, Galvanized, Galvalume, Avante Steel Doors, and Light Steel Building solutions. The infrastructure business develops seaports and terminals, shipyards, townships, port-based special economic zone, industrial clusters, and last-mile connectivity projects.
79GF Score
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