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Mahindra LogisticsNSE:MAHLOG +6.25%88 PB Ratio is 3.52 as of Jul. 26, 2026, which is 43% below its 10-year median of 6.16. GuruFocus rates NSE:MAHLOG with a GF Score™ of 88/100 and a GF Value™ of ₹373.02 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 967 Transportation companies, Mahindra Logistics ranks worse than 86.45% on this metric.
Mahindra Logistics Ltd stock PB Ratio (=3.52) is close to 1-year high of 3.65.
The historical rank and industry rank for Mahindra Logistics's PB Ratio or its related term are showing as below:
NSE:MAHLOG'
s PB Ratio Range Over the Past 10 Years
Min: 2.72 Med: 6.16 Max: 10.49
Current: 3.52
During the past 13 years, Mahindra Logistics's highest PB Ratio was 10.49. The lowest was 2.72. And the median was 6.16.
NSE:MAHLOG's PB Ratio is ranked worse than 86.45% of 967
companies
in the Transportation industry
Industry Median: 1.24
vs NSE:MAHLOG: 3.52
During the past 12 months, Mahindra Logistics's average Book Value Per Share Growth Rate was 113.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mahindra Logistics was 52.00% per year. The lowest was -7.20% per year. And the median was 15.50% per year.
Back to Basics: PB Ratio
Mahindra Logistics (NSE:MAHLOG) 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.
Mahindra Logistics PB Ratio Related Terms
Mahindra Logistics PB Ratio Historical Data
* Premium members only.
The historical data trend for Mahindra Logistics'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 Integrated Freight & Logistics subindustry, Mahindra Logistics'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 Logistics PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Mahindra Logistics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mahindra Logistics'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 Logistics (NSE:MAHLOG) has a PB Ratio of 3.52 as of Jul. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mahindra Logistics and its competitors. This is 43% below median its historical median of 6.16. Over the past decade, Mahindra Logistics' PB Ratio has ranged from 2.72 to 10.49. According to the industry distribution chart, Mahindra Logistics ranks #836 out of 967 companies in the Transportation industry, placing it in the top 86.5%.
Is Mahindra Logistics' PB Ratio too high?
Mahindra Logistics' current PB Ratio of 3.52 is 43% below median its 10-year median of 6.16. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 10.49. The Transportation industry median PB Ratio is 1.24. Mahindra Logistics' value of 3.52 is 183.9% above this industry median. Based on the distribution chart, Mahindra Logistics ranks #836 out of 967 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Mahindra Logistics has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mahindra Logistics' PB Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Mahindra Logistics ranks #836 out of 967 companies for PB Ratio. This places Mahindra Logistics in the lower half of its industry. The industry median PB Ratio is 1.24. Mahindra Logistics' value of 3.52 is 183.9% above this benchmark. Historically, Mahindra Logistics' own PB Ratio has ranged from 2.72 to 10.49 over the past decade. While the company's 10-year median is 6.16 vs. the industry median of 1.24, Mahindra Logistics 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 Transportation company?
The median PB Ratio among Transportation companies is 1.24, based on 967 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 Logistics's current PB Ratio of 3.52 is 183.9% 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 Mahindra Logistics and its competitors. For the Transportation industry, the median PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahindra Logistics's current PB Ratio is 3.52, which is 43% below median its own 10-year median of 6.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahindra Logistics stock overvalued right now?
Based on GuruFocus' analysis, Mahindra Logistics (NSE:MAHLOG) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹373.02, compared to a current price of ₹416.35 — trading 11.6% above its estimated fair value. The current PB Ratio is 3.52, which is 43% below median its 10-year median of 6.16 and 183.9% above the Transportation industry median of 1.24. Mahindra Logistics' overall GF Score™ is 88/100 with 7 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 Logistics (NSE:MAHLOG), the current PB Ratio is 3.52 as of Jul. 26, 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 Logistics (NSE:MAHLOG) Overvalued in 2026?
Based on GuruFocus' analysis, Mahindra Logistics stock appears to be overvalued.
The current stock price of ₹416.35 is trading 11.6% above its estimated GF Value™ of ₹373.02.
GuruFocus considers Mahindra Logistics to be Modestly Overvalued.
Key valuation signals for NSE:MAHLOG:
PB Ratio: 3.52 (43% below median its 10-year median of 6.16)
GF Value™: ₹373.02 vs. price of ₹416.35 (11.6% above fair value)
Industry Position: 183.9% above the Transportation median (#836 of 967)
No single metric tells the full story. See the NSE:MAHLOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahindra Logistics Ltd is a domestic third-party logistics service provider. It operates in two business segments including Supply Chain Management Business, and Enterprise Mobility Service. The Supply chain management offers customized and end-to-end goods logistics solutions and services including transportation and distribution, warehousing, in-factory logistics, and value-added services. Enterprise Mobility Service provides technology-enabled and customized solutions for the daily pick-up and drop requirements of enterprises. The company derives the majority of its revenue from the Supply chain management segment.
88GF Score
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