Kalyani SteelsNSE:KSL +2.75%79 PB Ratio is 1.99 as of Jul. 12, 2026, which is 18% above its 10-year median of 1.68. GuruFocus rates NSE:KSL with a GF Score™ of 79/100 and a GF Value™ of ₹763.54 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 609 Steel companies, Kalyani Steels ranks worse than 77.5% 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 (2026-07-12), Kalyani Steels's share price is ₹959.20. Kalyani Steels's Book Value per Share for the quarter that ended in Mar. 2026 was ₹482.19. Hence, Kalyani Steels's PB Ratio of today is 1.99.
Warning Sign:
Kalyani Steels Ltd stock PB Ratio (=1.99) is close to 1-year high of 1.99.
The historical rank and industry rank for Kalyani Steels's PB Ratio or its related term are showing as below:
NSE:KSL'
s PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 1.68 Max: 2.92
Current: 1.99
During the past 13 years, Kalyani Steels's highest PB Ratio was 2.92. The lowest was 0.55. And the median was 1.68.
NSE:KSL's PB Ratio is ranked worse than 77.5% of 609
companies
in the Steel industry
Industry Median: 0.96
vs NSE:KSL: 1.99
During the past 12 months, Kalyani Steels's average Book Value Per Share Growth Rate was 11.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Kalyani Steels was 25.40% per year. The lowest was -17.60% per year. And the median was 12.20% 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.
Kalyani Steels PB Ratio Related Terms
Kalyani Steels PB Ratio Historical Data
* Premium members only.
The historical data trend for Kalyani Steels'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 Steel subindustry, Kalyani Steels'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.
Kalyani Steels PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Kalyani Steels's PB Ratio distribution charts can be found below:
* The bar in red indicates where Kalyani Steels'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.
Kalyani Steels'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.
Kalyani Steels (NSE:KSL) has a PB Ratio of 1.99 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Kalyani Steels and its competitors. This is 18% above median its historical median of 1.68. Over the past decade, Kalyani Steels' PB Ratio has ranged from 0.55 to 2.92. According to the industry distribution chart, Kalyani Steels ranks #472 out of 609 companies in the Steel industry, placing it in the top 77.5%.
Is Kalyani Steels' PB Ratio too high?
Kalyani Steels' current PB Ratio of 1.99 is 18% above median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.92. The Steel industry median PB Ratio is 0.96. Kalyani Steels' value of 1.99 is 107.3% above this industry median. Based on the distribution chart, Kalyani Steels ranks #472 out of 609 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Kalyani Steels has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kalyani Steels' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Kalyani Steels ranks #472 out of 609 companies for PB Ratio. This places Kalyani Steels in the lower half of its industry. The industry median PB Ratio is 0.96. Kalyani Steels' value of 1.99 is 107.3% above this benchmark. Historically, Kalyani Steels' own PB Ratio has ranged from 0.55 to 2.92 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 0.96, Kalyani Steels 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 0.96, based on 609 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. Kalyani Steels's current PB Ratio of 1.99 is 107.3% 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 Kalyani Steels and its competitors. For the Steel industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kalyani Steels's current PB Ratio is 1.99, which is 18% above median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalyani Steels stock overvalued right now?
Based on GuruFocus' analysis, Kalyani Steels (NSE:KSL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹763.54, compared to a current price of ₹959.20 — trading 25.6% above its estimated fair value. The current PB Ratio is 1.99, which is 18% above median its 10-year median of 1.68 and 107.3% above the Steel industry median of 0.96. Kalyani Steels' overall GF Score™ is 79/100 with 9 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 Kalyani Steels (NSE:KSL), the current PB Ratio is 1.99 as of Jul. 12, 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 Kalyani Steels (NSE:KSL) Overvalued in 2026?
Based on GuruFocus' analysis, Kalyani Steels stock appears to be overvalued.
The current stock price of ₹959.20 is trading 25.6% above its estimated GF Value™ of ₹763.54.
GuruFocus considers Kalyani Steels to be Modestly Overvalued.
Key valuation signals for NSE:KSL:
PB Ratio: 1.99 (18% above median its 10-year median of 1.68)
GF Value™: ₹763.54 vs. price of ₹959.20 (25.6% above fair value)
Industry Position: 107.3% above the Steel median (#472 of 609)
No single metric tells the full story. See the NSE:KSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalyani Steels Ltd manufactures forging and engineering quality carbon and alloy steel. Its product portfolio consists of carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel, medium carbon cr-ni-mo steel and bearing steel. The company's products are used in automotive forging, construction equipment, bearings, seamless tubes, and aluminum smelting. The majority of the revenue is generated by the sale of Rolled Products, As Cast Blooms and Pig Iron. These operating segment have been aggregated into one reportable business segment which is Forging and Engineering quality carbon and alloy steels.
79GF Score
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