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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Bank of MaharashtraNSE:MAHABANK -1.82%61 PB Ratio is 1.83 as of Jul. 31, 2026, which is 59% above its 10-year median of 1.15. GuruFocus rates NSE:MAHABANK with a GF Score™ of 61/100 and a GF Value™ of ₹70.35 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,515 Banks companies, Bank of Maharashtra ranks worse than 86.73% on this metric.
The historical rank and industry rank for Bank of Maharashtra's PB Ratio or its related term are showing as below:
NSE:MAHABANK'
s PB Ratio Range Over the Past 10 Years
Min: 0.46 Med: 1.15 Max: 2.46
Current: 1.87
During the past 13 years, Bank of Maharashtra's highest PB Ratio was 2.46. The lowest was 0.46. And the median was 1.15.
NSE:MAHABANK's PB Ratio is ranked worse than 86.73% of 1515
companies
in the Banks industry
Industry Median: 1.11
vs NSE:MAHABANK: 1.87
During the past 12 months, Bank of Maharashtra's average Book Value Per Share Growth Rate was 15.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 22.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -5.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bank of Maharashtra was 25.80% per year. The lowest was -34.40% per year. And the median was 7.80% 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.
Bank of Maharashtra PB Ratio Related Terms
Bank of Maharashtra PB Ratio Historical Data
* Premium members only.
The historical data trend for Bank of Maharashtra'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.
Bank of Maharashtra PB Ratio Competitor Comparison
For the Banks - Regional subindustry, Bank of Maharashtra'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.
Bank of Maharashtra PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Maharashtra's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bank of Maharashtra'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.
Bank of Maharashtra (NSE:MAHABANK) has a PB Ratio of 1.83 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bank of Maharashtra and its competitors. This is 59% above median its historical median of 1.15. Over the past decade, Bank of Maharashtra's PB Ratio has ranged from 0.46 to 2.46. According to the industry distribution chart, Bank of Maharashtra ranks #1314 out of 1515 companies in the Banks industry, placing it in the top 86.7%.
Is Bank of Maharashtra's PB Ratio too high?
Bank of Maharashtra's current PB Ratio of 1.83 is 59% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 2.46. The Banks industry median PB Ratio is 1.11. Bank of Maharashtra's value of 1.83 is 64.9% above this industry median. Based on the distribution chart, Bank of Maharashtra ranks #1314 out of 1515 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Bank of Maharashtra has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Maharashtra's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Bank of Maharashtra ranks #1314 out of 1515 companies for PB Ratio. This places Bank of Maharashtra in the lower half of its industry. The industry median PB Ratio is 1.11. Bank of Maharashtra's value of 1.83 is 64.9% above this benchmark. Historically, Bank of Maharashtra's own PB Ratio has ranged from 0.46 to 2.46 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.11, Bank of Maharashtra 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 Banks company?
The median PB Ratio among Banks companies is 1.11, based on 1,515 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. Bank of Maharashtra's current PB Ratio of 1.83 is 64.9% 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 Bank of Maharashtra and its competitors. For the Banks industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Maharashtra's current PB Ratio is 1.83, which is 59% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Maharashtra stock overvalued right now?
Based on GuruFocus' analysis, Bank of Maharashtra (NSE:MAHABANK) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹70.35, compared to a current price of ₹79.26 — trading 12.7% above its estimated fair value. The current PB Ratio is 1.83, which is 59% above median its 10-year median of 1.15 and 64.9% above the Banks industry median of 1.11. Bank of Maharashtra's overall GF Score™ is 61/100 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 Bank of Maharashtra (NSE:MAHABANK), the current PB Ratio is 1.83 as of Jul. 31, 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 Bank of Maharashtra (NSE:MAHABANK) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of Maharashtra stock appears to be overvalued.
The current stock price of ₹79.26 is trading 12.7% above its estimated GF Value™ of ₹70.35.
GuruFocus considers Bank of Maharashtra to be Modestly Overvalued.
Key valuation signals for NSE:MAHABANK:
PB Ratio: 1.83 (59% above median its 10-year median of 1.15)
GF Value™: ₹70.35 vs. price of ₹79.26 (12.7% above fair value)
Industry Position: 64.9% above the Banks median (#1314 of 1515)
No single metric tells the full story. See the NSE:MAHABANK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of Maharashtra is an Indian banking corporation. The bank offers various deposit schemes, including savings accounts, current accounts, term deposits, and capital gain accounts. It also provides credit facilities such as term loans, overdrafts, letters of credit, and guarantees. The bank organizes its business in four segments, namely Treasury, Corporate/Wholesale banking; Retail banking; and Other banking operations. Its Treasury segment includes investment, balances with banks outside India, and interest accrued on investments; the corporate banking segment includes all advances to trusts, partnership firms, companies, and statutory bodies; retail banking includes exposure to individuals and small businesses. The bank principally generates revenue within India.
61GF Score
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