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Mazagon Dock Shipbuilders Ltd stock PB Ratio (=9.49) is close to 2-year low of 9.36.
The historical rank and industry rank for Mazagon Dock Shipbuilders's PB Ratio or its related term are showing as below:
NSE:MAZDOCK'
s PB Ratio Range Over the Past 10 Years
Min: 1.15 Med: 7.55 Max: 17.91
Current: 9.5
During the past 10 years, Mazagon Dock Shipbuilders's highest PB Ratio was 17.91. The lowest was 1.15. And the median was 7.55.
NSE:MAZDOCK's PB Ratio is ranked worse than 83.63% of 342
companies
in the Aerospace & Defense industry
Industry Median: 3.515
vs NSE:MAZDOCK: 9.50
During the past 12 months, Mazagon Dock Shipbuilders's average Book Value Per Share Growth Rate was 22.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 27.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 24.50% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Mazagon Dock Shipbuilders was 27.20% per year. The lowest was 0.80% per year. And the median was 15.90% per year.
Back to Basics: PB Ratio
Mazagon Dock Shipbuilders (NSE:MAZDOCK) 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.
Mazagon Dock Shipbuilders PB Ratio Related Terms
Mazagon Dock Shipbuilders PB Ratio Historical Data
* 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 Aerospace & Defense subindustry, Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mazagon Dock Shipbuilders'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.
Mazagon Dock Shipbuilders (NSE:MAZDOCK) has a PB Ratio of 9.49 as of Jul. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mazagon Dock Shipbuilders and its competitors. This is 26% above median its historical median of 7.55. Over the past decade, Mazagon Dock Shipbuilders' PB Ratio has ranged from 1.15 to 17.91. According to the industry distribution chart, Mazagon Dock Shipbuilders ranks #286 out of 342 companies in the Aerospace & Defense industry, placing it in the top 83.6%.
Is Mazagon Dock Shipbuilders' PB Ratio too high?
Mazagon Dock Shipbuilders' current PB Ratio of 9.49 is 26% above median its 10-year median of 7.55. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 17.91. The Aerospace & Defense industry median PB Ratio is 3.52. Mazagon Dock Shipbuilders' value of 9.49 is 170% above this industry median. Based on the distribution chart, Mazagon Dock Shipbuilders ranks #286 out of 342 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Mazagon Dock Shipbuilders has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazagon Dock Shipbuilders' PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Mazagon Dock Shipbuilders ranks #286 out of 342 companies for PB Ratio. This places Mazagon Dock Shipbuilders in the lower half of its industry. The industry median PB Ratio is 3.52. Mazagon Dock Shipbuilders' value of 9.49 is 170% above this benchmark. Historically, Mazagon Dock Shipbuilders' own PB Ratio has ranged from 1.15 to 17.91 over the past decade. While the company's 10-year median is 7.55 vs. the industry median of 3.52, Mazagon Dock Shipbuilders 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 an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.52, based on 342 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. Mazagon Dock Shipbuilders's current PB Ratio of 9.49 is 170% 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 Mazagon Dock Shipbuilders and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazagon Dock Shipbuilders's current PB Ratio is 9.49, which is 26% above median its own 10-year median of 7.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazagon Dock Shipbuilders stock overvalued right now?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders (NSE:MAZDOCK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,820.90, compared to a current price of ₹2,295.80 — trading 18.6% below its estimated fair value. The current PB Ratio is 9.49, which is 26% above median its 10-year median of 7.55 and 170% above the Aerospace & Defense industry median of 3.52. Mazagon Dock Shipbuilders' overall GF Score™ is 90/100 with 2 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK), the current PB Ratio is 9.49 as of Jul. 29, 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 Mazagon Dock Shipbuilders (NSE:MAZDOCK) Overvalued in 2026?
Based on GuruFocus' analysis, Mazagon Dock Shipbuilders stock appears to be undervalued.
The current stock price of ₹2,295.80 is trading 18.6% below its estimated GF Value™ of ₹2,820.90.
GuruFocus considers Mazagon Dock Shipbuilders to be Modestly Undervalued.
Key valuation signals for NSE:MAZDOCK:
PB Ratio: 9.49 (26% above median its 10-year median of 7.55)
GF Value™: ₹2,820.90 vs. price of ₹2,295.80 (18.6% below fair value)
Industry Position: 170% above the Aerospace & Defense median (#286 of 342)
No single metric tells the full story. See the NSE:MAZDOCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others.
90GF Score
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