L&T Technology ServicesNSE:LTTS +1.88%96 PB Ratio is 5.37 as of Jul. 13, 2026, which is 28% below its 10-year median of 7.49. GuruFocus rates NSE:LTTS with a GF Score™ of 96/100 and a GF Value™ of ₹5,256.45 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,631 Software companies, L&T Technology Services ranks worse than 78.87% on this metric.
L&T Technology Services Ltd stock PB Ratio (=5.37) is close to 5-year low of 5.25.
The historical rank and industry rank for L&T Technology Services's PB Ratio or its related term are showing as below:
NSE:LTTS'
s PB Ratio Range Over the Past 10 Years
Min: 4.03 Med: 7.49 Max: 15.5
Current: 5.37
During the past 12 years, L&T Technology Services's highest PB Ratio was 15.50. The lowest was 4.03. And the median was 7.49.
NSE:LTTS's PB Ratio is ranked worse than 78.87% of 2631
companies
in the Software industry
Industry Median: 2.41
vs NSE:LTTS: 5.37
During the past 12 months, L&T Technology Services's average Book Value Per Share Growth Rate was 6.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.00% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of L&T Technology Services was 21.90% per year. The lowest was 11.40% per year. And the median was 16.60% per year.
Back to Basics: PB Ratio
L&T Technology Services (NSE:LTTS) 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.
* 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 Information Technology Services subindustry, L&T Technology 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.
L&T Technology Services PB Ratio vs Software Industry
For the Software industry and Technology sector, L&T Technology Services's PB Ratio distribution charts can be found below:
* The bar in red indicates where L&T Technology Services'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.
L&T Technology Services (NSE:LTTS) has a PB Ratio of 5.37 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on L&T Technology Services and its competitors. This is 28% below median its historical median of 7.49. Over the past decade, L&T Technology Services' PB Ratio has ranged from 4.03 to 15.50. According to the industry distribution chart, L&T Technology Services ranks #2075 out of 2631 companies in the Software industry, placing it in the top 78.9%.
Is L&T Technology Services' PB Ratio too high?
L&T Technology Services' current PB Ratio of 5.37 is 28% below median its 10-year median of 7.49. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 15.50. The Software industry median PB Ratio is 2.41. L&T Technology Services' value of 5.37 is 122.8% above this industry median. Based on the distribution chart, L&T Technology Services ranks #2075 out of 2631 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, L&T Technology Services has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does L&T Technology Services' PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, L&T Technology Services ranks #2075 out of 2631 companies for PB Ratio. This places L&T Technology Services in the lower half of its industry. The industry median PB Ratio is 2.41. L&T Technology Services' value of 5.37 is 122.8% above this benchmark. Historically, L&T Technology Services' own PB Ratio has ranged from 4.03 to 15.50 over the past decade. While the company's 10-year median is 7.49 vs. the industry median of 2.41, L&T Technology Services 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 Software company?
The median PB Ratio among Software companies is 2.41, based on 2,631 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. L&T Technology Services's current PB Ratio of 5.37 is 122.8% 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 L&T Technology Services and its competitors. For the Software industry, the median PB Ratio is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L&T Technology Services's current PB Ratio is 5.37, which is 28% below median its own 10-year median of 7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L&T Technology Services stock overvalued right now?
Based on GuruFocus' analysis, L&T Technology Services (NSE:LTTS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹5,256.45, compared to a current price of ₹3,278.20 — trading 37.6% below its estimated fair value. The current PB Ratio is 5.37, which is 28% below median its 10-year median of 7.49 and 122.8% above the Software industry median of 2.41. L&T Technology Services' overall GF Score™ is 96/100 with 3 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 L&T Technology Services (NSE:LTTS), the current PB Ratio is 5.37 as of Jul. 13, 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 L&T Technology Services (NSE:LTTS) Overvalued in 2026?
Based on GuruFocus' analysis, L&T Technology Services stock appears to be undervalued.
The current stock price of ₹3,278.20 is trading 37.6% below its estimated GF Value™ of ₹5,256.45.
GuruFocus considers L&T Technology Services to be Significantly Undervalued.
Key valuation signals for NSE:LTTS:
PB Ratio: 5.37 (28% below median its 10-year median of 7.49)
GF Value™: ₹5,256.45 vs. price of ₹3,278.20 (37.6% below fair value)
Industry Position: 122.8% above the Software median (#2075 of 2631)
No single metric tells the full story. See the NSE:LTTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L&T Technology Services Ltd is a provider of engineering and research services in connection to embedded systems and other engineering support services. The company's operating segments include Mobility, Sustainability and Tech. It derives the majority of its revenue from the Sustainability segment. Geographically, it derives a majority of its revenue from North America, while it also has its presence in Europe, India, and Rest of the world. The services provided by the company are Digital engineering & consulting, Product consulting, Manufacturing engineering, and Plant engineering.
96GF Score
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