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Le Merite ExportsNSE:LEMERITE -4.44%63 PB Ratio is 1.86 as of Jul. 22, 2026, which is 32% below its 10-year median of 2.73. GuruFocus rates NSE:LEMERITE with a GF Score™ of 63/100 and a GF Value™ of ₹33.89 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,003 Manufacturing - Apparel & Accessories companies, Le Merite Exports ranks worse than 71.09% on this metric.
Le Merite Exports Ltd stock PB Ratio (=1.89) is close to 2-year low of 1.89.
The historical rank and industry rank for Le Merite Exports's PB Ratio or its related term are showing as below:
NSE:LEMERITE'
s PB Ratio Range Over the Past 10 Years
Min: 1.02 Med: 2.73 Max: 9.76
Current: 1.85
During the past 8 years, Le Merite Exports's highest PB Ratio was 9.76. The lowest was 1.02. And the median was 2.73.
NSE:LEMERITE's PB Ratio is ranked worse than 71.09% of 1003
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.07
vs NSE:LEMERITE: 1.85
During the past 12 months, Le Merite Exports's average Book Value Per Share Growth Rate was 15.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 36.50% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Le Merite Exports was 75.70% per year. The lowest was 10.50% per year. And the median was 47.60% per year.
Back to Basics: PB Ratio
Le Merite Exports (NSE:LEMERITE) 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.
Le Merite Exports PB Ratio Related Terms
Le Merite Exports PB Ratio Historical Data
* Premium members only.
The historical data trend for Le Merite Exports'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 Textile Manufacturing subindustry, Le Merite Exports'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.
Le Merite Exports PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's PB Ratio distribution charts can be found below:
* The bar in red indicates where Le Merite Exports'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.
Le Merite Exports (NSE:LEMERITE) has a PB Ratio of 1.86 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Le Merite Exports and its competitors. This is 32% below median its historical median of 2.73. Over the past decade, Le Merite Exports' PB Ratio has ranged from 1.02 to 9.76. According to the industry distribution chart, Le Merite Exports ranks #713 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 71.1%.
Is Le Merite Exports' PB Ratio too high?
Le Merite Exports' current PB Ratio of 1.86 is 32% below median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 9.76. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.07. Le Merite Exports' value of 1.86 is 73.8% above this industry median. Based on the distribution chart, Le Merite Exports ranks #713 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Le Merite Exports has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Le Merite Exports' PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Le Merite Exports ranks #713 out of 1003 companies for PB Ratio. This places Le Merite Exports in the lower half of its industry. The industry median PB Ratio is 1.07. Le Merite Exports' value of 1.86 is 73.8% above this benchmark. Historically, Le Merite Exports' own PB Ratio has ranged from 1.02 to 9.76 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 1.07, Le Merite Exports 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.07, based on 1,003 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. Le Merite Exports's current PB Ratio of 1.86 is 73.8% 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 Le Merite Exports and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Le Merite Exports's current PB Ratio is 1.86, which is 32% below median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Le Merite Exports stock overvalued right now?
Based on GuruFocus' analysis, Le Merite Exports (NSE:LEMERITE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹33.89, compared to a current price of ₹20.03 — trading 40.9% below its estimated fair value. The current PB Ratio is 1.86, which is 32% below median its 10-year median of 2.73 and 73.8% above the Manufacturing - Apparel & Accessories industry median of 1.07. Le Merite Exports' overall GF Score™ is 63/100 with 6 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 Le Merite Exports (NSE:LEMERITE), the current PB Ratio is 1.86 as of Jul. 22, 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 Le Merite Exports (NSE:LEMERITE) Overvalued in 2026?
Based on GuruFocus' analysis, Le Merite Exports stock appears to be undervalued.
The current stock price of ₹20.03 is trading 40.9% below its estimated GF Value™ of ₹33.89.
GuruFocus considers Le Merite Exports to be Significantly Undervalued.
Key valuation signals for NSE:LEMERITE:
PB Ratio: 1.86 (32% below median its 10-year median of 2.73)
GF Value™: ₹33.89 vs. price of ₹20.03 (40.9% below fair value)
Industry Position: 73.8% above the Manufacturing - Apparel & Accessories median (#713 of 1003)
No single metric tells the full story. See the NSE:LEMERITE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is textile business.
63GF Score
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