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MeeshoNSE:MEESHO -2.24%9 PB Ratio is 19.65 as of Jul. 14, 2026, which is 1% above its 10-year median of 19.41. GuruFocus rates NSE:MEESHO with a GF Score™ of 9/100. The stock has 2 warning signs investors should review. Among 1,076 Retail - Cyclical companies, Meesho ranks worse than 97.77% 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 (2026-07-14), Meesho's share price is ₹188.81. Meesho's Book Value per Share for the quarter that ended in Mar. 2026 was ₹9.61. Hence, Meesho's PB Ratio of today is 19.65.
The historical rank and industry rank for Meesho's PB Ratio or its related term are showing as below:
NSE:MEESHO'
s PB Ratio Range Over the Past 10 Years
Min: 15.25 Med: 19.41 Max: 159.94
Current: 19.75
During the past 4 years, Meesho's highest PB Ratio was 159.94. The lowest was 15.25. And the median was 19.41.
NSE:MEESHO's PB Ratio is ranked worse than 97.77% of 1076
companies
in the Retail - Cyclical industry
Industry Median: 1.465
vs NSE:MEESHO: 19.75
During the past 12 months, Meesho's average Book Value Per Share Growth Rate was 200.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 20.60% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Meesho was 20.60% per year. The lowest was 20.60% per year. And the median was 20.60% 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.
Meesho PB Ratio Related Terms
Meesho PB Ratio Historical Data
* Premium members only.
The historical data trend for Meesho'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:MEESHO vs AMZN, BABA, PDD: PB Ratio Comparison
For the Internet Retail subindustry, Meesho'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.
Meesho PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Meesho's PB Ratio distribution charts can be found below:
* The bar in red indicates where Meesho'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.
Meesho'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.
Meesho (NSE:MEESHO) has a PB Ratio of 19.65 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Meesho and its competitors. This is near median its historical median of 19.41. Over the past decade, Meesho's PB Ratio has ranged from 15.25 to 159.94. According to the industry distribution chart, Meesho ranks #1052 out of 1076 companies in the Retail - Cyclical industry, placing it in the top 97.8%.
Is Meesho's PB Ratio too high?
Meesho's current PB Ratio of 19.65 is near median its 10-year median of 19.41. Over the past 10 years, this metric has ranged from a low of 15.25 to a high of 159.94. The Retail - Cyclical industry median PB Ratio is 1.47. Meesho's value of 19.65 is 1241.3% above this industry median. Based on the distribution chart, Meesho ranks #1052 out of 1076 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Meesho has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Meesho's PB Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Meesho ranks #1052 out of 1076 companies for PB Ratio. This places Meesho in the lower half of its industry. The industry median PB Ratio is 1.47. Meesho's value of 19.65 is 1241.3% above this benchmark. Historically, Meesho's own PB Ratio has ranged from 15.25 to 159.94 over the past decade. While the company's 10-year median is 19.41 vs. the industry median of 1.47, Meesho 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 Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.47, based on 1,076 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. Meesho's current PB Ratio of 19.65 is 1241.3% 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 Meesho and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meesho's current PB Ratio is 19.65, which is near median its own 10-year median of 19.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meesho stock overvalued right now?
Meesho (NSE:MEESHO) has a current PB Ratio of 19.65. The current PB Ratio is 19.65, which is near median its 10-year median of 19.41 and 1241.3% above the Retail - Cyclical industry median of 1.47. Meesho's overall GF Score™ is 9/100 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 Meesho (NSE:MEESHO), the current PB Ratio is 19.65 as of Jul. 14, 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.
Meesho Ltd is a technology platform that integrates commerce, logistics, and content creation to support e-commerce activities under the Meesho brand. The Company also provides digital financial services by facilitating financing arrangements between non-banking financial companies and sellers to support access to credit, and it operates a supply-chain service for the delivery of groceries and other products. The Company operates through the Marketplace segment, which is a technology platform connecting consumers, sellers, logistics partners, and content creators, and the New Initiatives segment, which includes a low-cost local logistics network for daily essentials and a digital financial services platform. The majority of the Company's revenue is generated from the Marketplace segment.
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