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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. As of today (2026-08-04), Maithan Alloys's share price is ₹963.90. Maithan Alloys's Book Value per Share for the quarter that ended in Mar. 2026 was ₹1,424.14. Hence, Maithan Alloys's PB Ratio of today is 0.68.
Good Sign:
Maithan Alloys Ltd stock PB Ratio (=0.67) is close to 10-year low of 0.64.
The historical rank and industry rank for Maithan Alloys's PB Ratio or its related term are showing as below:
NSE:MAITHANALL'
s PB Ratio Range Over the Past 10 Years
Min: 0.64 Med: 1.05 Max: 1.94
Current: 0.69
During the past 13 years, Maithan Alloys's highest PB Ratio was 1.94. The lowest was 0.64. And the median was 1.05.
NSE:MAITHANALL's PB Ratio is ranked better than 63.67% of 611
companies
in the Steel industry
Industry Median: 0.96
vs NSE:MAITHANALL: 0.69
During the past 12 months, Maithan Alloys's average Book Value Per Share Growth Rate was 10.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 25.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Maithan Alloys was 40.20% per year. The lowest was 11.80% per year. And the median was 27.80% 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.
Maithan Alloys PB Ratio Related Terms
Maithan Alloys PB Ratio Historical Data
* Premium members only.
The historical data trend for Maithan Alloys'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.
NSE:MAITHANALL vs NUE, STLD, RS: PB Ratio Comparison
For the Steel subindustry, Maithan Alloys'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.
Maithan Alloys PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Maithan Alloys's PB Ratio distribution charts can be found below:
* The bar in red indicates where Maithan Alloys'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.
Maithan Alloys's PB Ratio for today is calculated as follows:
* 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.
Maithan Alloys (NSE:MAITHANALL) has a PB Ratio of 0.68 as of Aug. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Maithan Alloys and its competitors. This is 35% below median its historical median of 1.05. Over the past decade, Maithan Alloys' PB Ratio has ranged from 0.64 to 1.94. According to the industry distribution chart, Maithan Alloys ranks #222 out of 611 companies in the Steel industry, placing it in the top 36.3%.
Is Maithan Alloys' PB Ratio too high?
Maithan Alloys' current PB Ratio of 0.68 is 35% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.94. The Steel industry median PB Ratio is 0.96. Maithan Alloys' value of 0.68 is 29.2% below this industry median. Based on the distribution chart, Maithan Alloys ranks #222 out of 611 companies in the Steel industry, which is above the industry midpoint. Overall, Maithan Alloys has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maithan Alloys' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Maithan Alloys ranks #222 out of 611 companies for PB Ratio. This puts Maithan Alloys in the upper half of its industry. The industry median PB Ratio is 0.96. Maithan Alloys' value of 0.68 is 29.2% below this benchmark. Historically, Maithan Alloys' own PB Ratio has ranged from 0.64 to 1.94 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 0.96, Maithan Alloys has consistently been below 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 Steel company?
The median PB Ratio among Steel companies is 0.96, based on 611 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. Maithan Alloys's current PB Ratio of 0.68 is 29.2% below 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 Maithan Alloys and its competitors. For the Steel industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maithan Alloys's current PB Ratio is 0.68, which is 35% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maithan Alloys stock overvalued right now?
Based on GuruFocus' analysis, Maithan Alloys (NSE:MAITHANALL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,144.85, compared to a current price of ₹963.90 — trading 15.8% below its estimated fair value. The current PB Ratio is 0.68, which is 35% below median its 10-year median of 1.05 and 29.2% below the Steel industry median of 0.96. Maithan Alloys' overall GF Score™ is 78/100 with 5 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 Maithan Alloys (NSE:MAITHANALL), the current PB Ratio is 0.68 as of Aug. 04, 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 Maithan Alloys (NSE:MAITHANALL) Overvalued in 2026?
Based on GuruFocus' analysis, Maithan Alloys stock appears to be undervalued.
The current stock price of ₹963.90 is trading 15.8% below its estimated GF Value™ of ₹1,144.85.
GuruFocus considers Maithan Alloys to be Modestly Undervalued.
Key valuation signals for NSE:MAITHANALL:
PB Ratio: 0.68 (35% below median its 10-year median of 1.05)
GF Value™: ₹1,144.85 vs. price of ₹963.90 (15.8% below fair value)
Industry Position: 29.2% below the Steel median (#222 of 611)
No single metric tells the full story. See the NSE:MAITHANALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maithan Alloys Ltd is an India-based company engaged in the business of manufacturing and exporting all three bulk Ferroalloys- Ferro Manganese, Silico Manganese, and Ferro Silicon. It is also involved in the generation and supply of Wind Power and has a Captive Power Plant. Geographically the group has a business presence in India and Outside India, of which key revenue is derived from Outside India.
78GF Score
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