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Mahindra EPC IrrigationNSE:MAHEPC +0.49%74 PB Ratio is 1.68 as of Jul. 22, 2026, which is 21% below its 10-year median of 2.12. GuruFocus rates NSE:MAHEPC with a GF Score™ of 74/100 and a GF Value™ of ₹152.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 202 Farm & Heavy Construction Machinery companies, Mahindra EPC Irrigation ranks worse than 57.92% on this metric.
Mahindra EPC Irrigation Ltd stock PB Ratio (=1.67) is close to 3-year low of 1.56.
The historical rank and industry rank for Mahindra EPC Irrigation's PB Ratio or its related term are showing as below:
NSE:MAHEPC'
s PB Ratio Range Over the Past 10 Years
Min: 1.27 Med: 2.12 Max: 3.99
Current: 1.68
During the past 13 years, Mahindra EPC Irrigation's highest PB Ratio was 3.99. The lowest was 1.27. And the median was 2.12.
NSE:MAHEPC's PB Ratio is ranked worse than 57.92% of 202
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.5
vs NSE:MAHEPC: 1.68
During the past 12 months, Mahindra EPC Irrigation's average Book Value Per Share Growth Rate was 7.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mahindra EPC Irrigation was 18.40% per year. The lowest was -7.90% per year. And the median was 5.40% per year.
Back to Basics: PB Ratio
Mahindra EPC Irrigation (NSE:MAHEPC) 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 Farm & Heavy Construction Machinery subindustry, Mahindra EPC Irrigation'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.
Mahindra EPC Irrigation PB Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Mahindra EPC Irrigation's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mahindra EPC Irrigation'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.
Mahindra EPC Irrigation (NSE:MAHEPC) has a PB Ratio of 1.68 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 Mahindra EPC Irrigation and its competitors. This is 21% below median its historical median of 2.12. Over the past decade, Mahindra EPC Irrigation's PB Ratio has ranged from 1.27 to 3.99. According to the industry distribution chart, Mahindra EPC Irrigation ranks #117 out of 202 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 57.9%.
Is Mahindra EPC Irrigation's PB Ratio too high?
Mahindra EPC Irrigation's current PB Ratio of 1.68 is 21% below median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 3.99. The Farm & Heavy Construction Machinery industry median PB Ratio is 1.50. Mahindra EPC Irrigation's value of 1.68 is 12% above this industry median. Based on the distribution chart, Mahindra EPC Irrigation ranks #117 out of 202 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Mahindra EPC Irrigation has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mahindra EPC Irrigation's PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Mahindra EPC Irrigation ranks #117 out of 202 companies for PB Ratio. This places Mahindra EPC Irrigation in the lower half of its industry. The industry median PB Ratio is 1.50. Mahindra EPC Irrigation's value of 1.68 is 12% above this benchmark. Historically, Mahindra EPC Irrigation's own PB Ratio has ranged from 1.27 to 3.99 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 1.50, Mahindra EPC Irrigation 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 Farm & Heavy Construction Machinery company?
The median PB Ratio among Farm & Heavy Construction Machinery companies is 1.50, based on 202 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. Mahindra EPC Irrigation's current PB Ratio of 1.68 is 12% 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 Mahindra EPC Irrigation and its competitors. For the Farm & Heavy Construction Machinery industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahindra EPC Irrigation's current PB Ratio is 1.68, which is 21% below median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahindra EPC Irrigation stock overvalued right now?
Based on GuruFocus' analysis, Mahindra EPC Irrigation (NSE:MAHEPC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹152.03, compared to a current price of ₹111.16 — trading 26.9% below its estimated fair value. The current PB Ratio is 1.68, which is 21% below median its 10-year median of 2.12 and 12% above the Farm & Heavy Construction Machinery industry median of 1.50. Mahindra EPC Irrigation's overall GF Score™ is 74/100 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 Mahindra EPC Irrigation (NSE:MAHEPC), the current PB Ratio is 1.68 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 Mahindra EPC Irrigation (NSE:MAHEPC) Overvalued in 2026?
Based on GuruFocus' analysis, Mahindra EPC Irrigation stock appears to be undervalued.
The current stock price of ₹111.16 is trading 26.9% below its estimated GF Value™ of ₹152.03.
GuruFocus considers Mahindra EPC Irrigation to be Modestly Undervalued.
Key valuation signals for NSE:MAHEPC:
PB Ratio: 1.68 (21% below median its 10-year median of 2.12)
GF Value™: ₹152.03 vs. price of ₹111.16 (26.9% below fair value)
Industry Position: 12% above the Farm & Heavy Construction Machinery median (#117 of 202)
No single metric tells the full story. See the NSE:MAHEPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahindra EPC Irrigation Ltd is engaged in the business of Micro Irrigation Systems such as Drip and Sprinklers, Agricultural Pumps, Greenhouses, and Landscape Products. Its products offer Drip irrigation, Sprinkler Irrigation, Automation, HDPE COIL & PIPE, Protected cultivation, DIY Kit, Mulch Sheet, and Services. The group has one segment, which is Precision Farming Products and Services. It operates in Domestic and Overseas.
74GF Score
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