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JSW SteelNSE:JSWSTEEL +1.33%90 PB Ratio is 3.02 as of Jul. 18, 2026, which is 14% above its 10-year median of 2.65. GuruFocus rates NSE:JSWSTEEL with a GF Score™ of 90/100 and a GF Value™ of ₹1,080.94 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 610 Steel companies, JSW Steel ranks worse than 86.56% 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 (2026-07-18), JSW Steel's share price is ₹1237.30. JSW Steel's Book Value per Share for the quarter that ended in Jun. 2026 was ₹409.91. Hence, JSW Steel's PB Ratio of today is 3.02.
The historical rank and industry rank for JSW Steel's PB Ratio or its related term are showing as below:
NSE:JSWSTEEL'
s PB Ratio Range Over the Past 10 Years
Min: 0.92 Med: 2.65 Max: 3.99
Current: 3.02
During the past 13 years, JSW Steel's highest PB Ratio was 3.99. The lowest was 0.92. And the median was 2.65.
NSE:JSWSTEEL's PB Ratio is ranked worse than 86.56% of 610
companies
in the Steel industry
Industry Median: 0.985
vs NSE:JSWSTEEL: 3.02
During the past 12 months, JSW Steel's average Book Value Per Share Growth Rate was 25.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of JSW Steel was 24.60% per year. The lowest was 0.90% per year. And the median was 15.60% 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 Steel PB Ratio Related Terms
JSW Steel PB Ratio Historical Data
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The historical data trend for JSW Steel'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:JSWSTEEL vs NUE, STLD, RS: PB Ratio Comparison
For the Steel subindustry, JSW Steel'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 Steel PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, JSW Steel's PB Ratio distribution charts can be found below:
* The bar in red indicates where JSW Steel'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 Steel'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 Steel (NSE:JSWSTEEL) has a PB Ratio of 3.02 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on JSW Steel and its competitors. This is 14% above median its historical median of 2.65. Over the past decade, JSW Steel's PB Ratio has ranged from 0.92 to 3.99. According to the industry distribution chart, JSW Steel ranks #528 out of 610 companies in the Steel industry, placing it in the top 86.6%.
Is JSW Steel's PB Ratio too high?
JSW Steel's current PB Ratio of 3.02 is 14% above median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 3.99. The Steel industry median PB Ratio is 0.99. JSW Steel's value of 3.02 is 206.6% above this industry median. Based on the distribution chart, JSW Steel ranks #528 out of 610 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, JSW Steel has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Steel's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, JSW Steel ranks #528 out of 610 companies for PB Ratio. This places JSW Steel in the lower half of its industry. The industry median PB Ratio is 0.99. JSW Steel's value of 3.02 is 206.6% above this benchmark. Historically, JSW Steel's own PB Ratio has ranged from 0.92 to 3.99 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 0.99, JSW Steel 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 Steel company?
The median PB Ratio among Steel companies is 0.99, based on 610 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 Steel's current PB Ratio of 3.02 is 206.6% 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 JSW Steel and its competitors. For the Steel industry, the median PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Steel's current PB Ratio is 3.02, which is 14% above median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Steel stock overvalued right now?
Based on GuruFocus' analysis, JSW Steel (NSE:JSWSTEEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,080.94, compared to a current price of ₹1,237.30 — trading 14.5% above its estimated fair value. The current PB Ratio is 3.02, which is 14% above median its 10-year median of 2.65 and 206.6% above the Steel industry median of 0.99. JSW Steel's overall GF Score™ is 90/100 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 JSW Steel (NSE:JSWSTEEL), the current PB Ratio is 3.02 as of Jul. 18, 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 Steel (NSE:JSWSTEEL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Steel stock appears to be overvalued.
The current stock price of ₹1,237.30 is trading 14.5% above its estimated GF Value™ of ₹1,080.94.
GuruFocus considers JSW Steel to be Modestly Overvalued.
Key valuation signals for NSE:JSWSTEEL:
PB Ratio: 3.02 (14% above median its 10-year median of 2.65)
GF Value™: ₹1,080.94 vs. price of ₹1,237.30 (14.5% above fair value)
Industry Position: 206.6% above the Steel median (#528 of 610)
No single metric tells the full story. See the NSE:JSWSTEEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.
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