Keynote Financial Services (NSE:KEYFINSERV) PB Ratio: 0.99 (As of Jul. 24, 2026) — 32% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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NSE:KEYFINSERV Keynote Financial Services Ltd NSE:KEYFINSERV
78 GF Score
Price ₹256.32
GF Value ₹226.28
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Keynote Financial Services PB Ratio?

Keynote Financial Services NSE:KEYFINSERV -2.26% 78 PB Ratio is 0.99 as of Jul. 24, 2026, which is 32% above its 10-year median of 0.75. GuruFocus rates NSE:KEYFINSERV with a GF Score™ of 78/100 and a GF Value™ of ₹226.28 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 777 Capital Markets companies, Keynote Financial Services ranks better than 63.32% 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 (2026-07-24), Keynote Financial Services's share price is ₹256.32. Keynote Financial Services's Book Value per Share for the quarter that ended in Mar. 2026 was ₹259.68. Hence, Keynote Financial Services's PB Ratio of today is 0.99.

The historical rank and industry rank for Keynote Financial Services's PB Ratio or its related term are showing as below:

NSE:KEYFINSERV' s PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.75   Max: 1.77
Current: 0.99

During the past 13 years, Keynote Financial Services's highest PB Ratio was 1.77. The lowest was 0.22. And the median was 0.75.

NSE:KEYFINSERV's PB Ratio is ranked better than
63.32% of 777 companies
in the Capital Markets industry
Industry Median: 1.31 vs NSE:KEYFINSERV: 0.99

During the past 12 months, Keynote Financial Services's average Book Value Per Share Growth Rate was 4.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 22.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 17.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Keynote Financial Services was 22.90% per year. The lowest was -5.70% per year. And the median was 5.60% per year.

Back to Basics: PB Ratio


Keynote Financial Services  (NSE:KEYFINSERV) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Keynote Financial Services PB Ratio Related Terms


Keynote Financial Services PB Ratio Historical Data

* Premium members only.

The historical data trend for Keynote Financial Services'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.

Keynote Financial Services PB Ratio Chart

Keynote Financial Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.59 0.81 1.21 0.88

Keynote Financial Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.21 0.00 0.90 0.00 0.88

NSE:KEYFINSERV vs MS, GS, SCHW: PB Ratio Comparison

For the Capital Markets subindustry, Keynote Financial Services'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.


Keynote Financial Services PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Keynote Financial Services's PB Ratio distribution charts can be found below:

* The bar in red indicates where Keynote Financial Services's PB Ratio falls into.


NSE:KEYFINSERV
78GF Score
Keynote Financial Services Ltd NSE:KEYFINSERV
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keynote Financial Services 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.

Keynote Financial Services's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=256.32/259.683
=0.99

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.99 mean?
Keynote Financial Services (NSE:KEYFINSERV) has a PB Ratio of 0.99 as of Jul. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Keynote Financial Services and its competitors. This is 32% above median its historical median of 0.75. Over the past decade, Keynote Financial Services' PB Ratio has ranged from 0.22 to 1.77. According to the industry distribution chart, Keynote Financial Services ranks #285 out of 777 companies in the Capital Markets industry, placing it in the top 36.7%.
Is Keynote Financial Services' PB Ratio too high?
Keynote Financial Services' current PB Ratio of 0.99 is 32% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.77. The Capital Markets industry median PB Ratio is 1.31. Keynote Financial Services' value of 0.99 is 24.4% below this industry median. Based on the distribution chart, Keynote Financial Services ranks #285 out of 777 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Keynote Financial Services has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keynote Financial Services' PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Keynote Financial Services ranks #285 out of 777 companies for PB Ratio. This puts Keynote Financial Services in the upper half of its industry. The industry median PB Ratio is 1.31. Keynote Financial Services' value of 0.99 is 24.4% below this benchmark. Historically, Keynote Financial Services' own PB Ratio has ranged from 0.22 to 1.77 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.31, Keynote Financial Services 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 Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.31, based on 777 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. Keynote Financial Services's current PB Ratio of 0.99 is 24.4% 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 Keynote Financial Services and its competitors. For the Capital Markets industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keynote Financial Services's current PB Ratio is 0.99, which is 32% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keynote Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Keynote Financial Services (NSE:KEYFINSERV) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹226.28, compared to a current price of ₹256.32 — trading 13.3% above its estimated fair value. The current PB Ratio is 0.99, which is 32% above median its 10-year median of 0.75 and 24.4% below the Capital Markets industry median of 1.31. Keynote Financial Services' overall GF Score™ is 78/100 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 Keynote Financial Services (NSE:KEYFINSERV), the current PB Ratio is 0.99 as of Jul. 24, 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 Keynote Financial Services (NSE:KEYFINSERV) Overvalued in 2026?

Based on GuruFocus' analysis, Keynote Financial Services stock appears to be overvalued. The current stock price of ₹256.32 is trading 13.3% above its estimated GF Value™ of ₹226.28. GuruFocus considers Keynote Financial Services to be Modestly Overvalued.

Key valuation signals for NSE:KEYFINSERV:

  • PB Ratio: 0.99 (32% above median its 10-year median of 0.75)
  • GF Value™: ₹226.28 vs. price of ₹256.32 (13.3% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 24.4% below the Capital Markets median (#285 of 777)

No single metric tells the full story. See the NSE:KEYFINSERV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keynote Financial Services Business Description

Other Exchanges 512597:India
Address Senapati Bapat Marg, Kasaravadi, The Ruby, 9th Floor, Dadar (West), Mumbai, MH, IND, 400028
Keynote Financial Services Ltd is engaged in the capital market business sector. Its operating segments include Corporate Finance; ESOP Advisory; Merchant Banking; and Debt advisory. The company generates maximum revenue from the Merchant banking segment. Geographically, it generates the majority of the revenue from India. Broking and other related activities include broking services to clients, advisory services, depository services, etc. Investment banking represents the results of raising financial capital by underwriting or acting as the client's agent in the issuance of securities.
78GF Score

Get the complete analysis for NSE:KEYFINSERV

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹256.32
Price
₹226.28
GF Value