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Khandwala SecuritiesNSE:KHANDSE -2.62%60 PB Ratio is 0.92 as of Jul. 29, 2026, which is 2% below its 10-year median of 0.94. GuruFocus rates NSE:KHANDSE with a GF Score™ of 60/100 and a GF Value™ of ₹22.65 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 776 Capital Markets companies, Khandwala Securities ranks better than 63.92% on this metric.
The historical rank and industry rank for Khandwala Securities's PB Ratio or its related term are showing as below:
NSE:KHANDSE'
s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.94 Max: 2.28
Current: 0.89
During the past 13 years, Khandwala Securities's highest PB Ratio was 2.28. The lowest was 0.43. And the median was 0.94.
NSE:KHANDSE's PB Ratio is ranked better than 63.92% of 776
companies
in the Capital Markets industry
Industry Median: 1.3
vs NSE:KHANDSE: 0.89
During the past 12 months, Khandwala Securities's average Book Value Per Share Growth Rate was -4.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Khandwala Securities was 5.20% per year. The lowest was -7.40% per year. And the median was -1.60% per year.
Back to Basics: PB Ratio
Khandwala Securities (NSE:KHANDSE) 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.
Khandwala Securities PB Ratio Related Terms
Khandwala Securities PB Ratio Historical Data
* Premium members only.
The historical data trend for Khandwala Securities'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 Capital Markets subindustry, Khandwala Securities'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.
Khandwala Securities PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Khandwala Securities's PB Ratio distribution charts can be found below:
* The bar in red indicates where Khandwala Securities'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.
Khandwala Securities (NSE:KHANDSE) has a PB Ratio of 0.92 as of Jul. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Khandwala Securities and its competitors. This is near median its historical median of 0.94. Over the past decade, Khandwala Securities' PB Ratio has ranged from 0.43 to 2.28. According to the industry distribution chart, Khandwala Securities ranks #280 out of 776 companies in the Capital Markets industry, placing it in the top 36.1%.
Is Khandwala Securities' PB Ratio too high?
Khandwala Securities' current PB Ratio of 0.92 is near median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 2.28. The Capital Markets industry median PB Ratio is 1.30. Khandwala Securities' value of 0.92 is 29.2% below this industry median. Based on the distribution chart, Khandwala Securities ranks #280 out of 776 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Khandwala Securities has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khandwala Securities' PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Khandwala Securities ranks #280 out of 776 companies for PB Ratio. This puts Khandwala Securities in the upper half of its industry. The industry median PB Ratio is 1.30. Khandwala Securities' value of 0.92 is 29.2% below this benchmark. Historically, Khandwala Securities' own PB Ratio has ranged from 0.43 to 2.28 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.30, Khandwala Securities 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 1.30, based on 776 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. Khandwala Securities's current PB Ratio of 0.92 is 29.2% 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 Khandwala Securities and its competitors. For the Capital Markets industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khandwala Securities's current PB Ratio is 0.92, which is near median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khandwala Securities stock overvalued right now?
Based on GuruFocus' analysis, Khandwala Securities (NSE:KHANDSE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹22.65, compared to a current price of ₹16.75 — trading 26% below its estimated fair value. The current PB Ratio is 0.92, which is near median its 10-year median of 0.94 and 29.2% below the Capital Markets industry median of 1.30. Khandwala Securities' overall GF Score™ is 60/100 with 4 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 Khandwala Securities (NSE:KHANDSE), the current PB Ratio is 0.92 as of Jul. 29, 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 Khandwala Securities (NSE:KHANDSE) Overvalued in 2026?
Based on GuruFocus' analysis, Khandwala Securities stock appears to be undervalued.
The current stock price of ₹16.75 is trading 26% below its estimated GF Value™ of ₹22.65.
GuruFocus considers Khandwala Securities to be Modestly Undervalued.
Key valuation signals for NSE:KHANDSE:
PB Ratio: 0.92 (near median its 10-year median of 0.94)
GF Value™: ₹22.65 vs. price of ₹16.75 (26% below fair value)
Industry Position: 29.2% below the Capital Markets median (#280 of 776)
No single metric tells the full story. See the NSE:KHANDSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khandwala Securities Ltd is engaged in the capital market business sector. The company offers services such as stock broking, investment banking, portfolio management, research and analysis, and investment advisory, among others. The company is organized into two segments: Fee-based and Investment/Trading in Stock. The Fee-based division provides financial advisory services for mergers and acquisitions, equity and debt issue management, portfolio management, and broking. The Investment and Stock division carries out trading, investing, and speculation activities in capital markets (debt and equity) for the company. The majority of the company's revenue is generated from its Fee-based operations.
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