Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Max EstatesNSE:MAXESTATES -3.09%54 PB Ratio is 2.91 as of Jul. 15, 2026, which is 17% below its 10-year median of 3.50. GuruFocus rates NSE:MAXESTATES with a GF Score™ of 54/100 and a GF Value™ of ₹613.93 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,715 Real Estate companies, Max Estates ranks worse than 88.98% on this metric.
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 (2026-07-15), Max Estates's share price is ₹431.30. Max Estates's Book Value per Share for the quarter that ended in Mar. 2026 was ₹148.06. Hence, Max Estates's PB Ratio of today is 2.91.
The historical rank and industry rank for Max Estates's PB Ratio or its related term are showing as below:
NSE:MAXESTATES'
s PB Ratio Range Over the Past 10 Years
Min: 2.23 Med: 3.5 Max: 5.84
Current: 2.92
During the past 7 years, Max Estates's highest PB Ratio was 5.84. The lowest was 2.23. And the median was 3.50.
NSE:MAXESTATES's PB Ratio is ranked worse than 88.98% of 1715
companies
in the Real Estate industry
Industry Median: 0.81
vs NSE:MAXESTATES: 2.92
During the past 12 months, Max Estates's average Book Value Per Share Growth Rate was 4.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 33.50% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Max Estates was 50.70% per year. The lowest was 21.60% per year. And the median was 34.30% 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.
Max Estates PB Ratio Related Terms
Max Estates PB Ratio Historical Data
* Premium members only.
The historical data trend for Max Estates'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 Real Estate - Development subindustry, Max Estates'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.
Max Estates PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Max Estates's PB Ratio distribution charts can be found below:
* The bar in red indicates where Max Estates'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.
Max Estates'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.
Max Estates (NSE:MAXESTATES) has a PB Ratio of 2.91 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Max Estates and its competitors. This is 17% below median its historical median of 3.50. Over the past decade, Max Estates' PB Ratio has ranged from 2.23 to 5.84. According to the industry distribution chart, Max Estates ranks #1526 out of 1715 companies in the Real Estate industry, placing it in the top 89%.
Is Max Estates' PB Ratio too high?
Max Estates' current PB Ratio of 2.91 is 17% below median its 10-year median of 3.50. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 5.84. The Real Estate industry median PB Ratio is 0.81. Max Estates' value of 2.91 is 259.3% above this industry median. Based on the distribution chart, Max Estates ranks #1526 out of 1715 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Max Estates has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Max Estates' PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Max Estates ranks #1526 out of 1715 companies for PB Ratio. This places Max Estates in the lower half of its industry. The industry median PB Ratio is 0.81. Max Estates' value of 2.91 is 259.3% above this benchmark. Historically, Max Estates' own PB Ratio has ranged from 2.23 to 5.84 over the past decade. While the company's 10-year median is 3.50 vs. the industry median of 0.81, Max Estates 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,715 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. Max Estates's current PB Ratio of 2.91 is 259.3% 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 Max Estates and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Estates's current PB Ratio is 2.91, which is 17% below median its own 10-year median of 3.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Estates stock overvalued right now?
Based on GuruFocus' analysis, Max Estates (NSE:MAXESTATES) is currently considered Possible Value Trap. The stock's GF Value™ is ₹613.93, compared to a current price of ₹431.30 — trading 29.7% below its estimated fair value. The current PB Ratio is 2.91, which is 17% below median its 10-year median of 3.50 and 259.3% above the Real Estate industry median of 0.81. Max Estates' overall GF Score™ is 54/100 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 Max Estates (NSE:MAXESTATES), the current PB Ratio is 2.91 as of Jul. 15, 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 Max Estates (NSE:MAXESTATES) Overvalued in 2026?
Based on GuruFocus' analysis, Max Estates stock appears to be undervalued.
The current stock price of ₹431.30 is trading 29.7% below its estimated GF Value™ of ₹613.93.
GuruFocus considers Max Estates to be Possible Value Trap.
Key valuation signals for NSE:MAXESTATES:
PB Ratio: 2.91 (17% below median its 10-year median of 3.50)
GF Value™: ₹613.93 vs. price of ₹431.30 (29.7% below fair value)
Industry Position: 259.3% above the Real Estate median (#1526 of 1715)
No single metric tells the full story. See the NSE:MAXESTATES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max Estates Ltd is engaged in the business of real estate development. The company has paid close attention to creating a confluence of spaces that enable collaboration, innovation, and community, that are not just functional and aesthetically pleasing, but environmentally sustainable, and designed to promote the holistic wellness of its users. The Group is a one-segment company in the business of real estate development. The company involves Residential and Commercial Projects.
54GF Score
Get the complete analysis for NSE:MAXESTATES
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MAXESTATES has been successfully added to your 
