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MIC ElectronicsNSE:MICEL -0.84%72 PB Ratio is 4.06 as of Jul. 23, 2026, which is 21% below its 10-year median of 5.13. GuruFocus rates NSE:MICEL with a GF Score™ of 72/100 and a GF Value™ of ₹210.60 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,419 Hardware companies, MIC Electronics ranks worse than 73.42% 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 (2026-07-23), MIC Electronics's share price is ₹36.38. MIC Electronics's Book Value per Share for the quarter that ended in Mar. 2026 was ₹8.97. Hence, MIC Electronics's PB Ratio of today is 4.06.
The historical rank and industry rank for MIC Electronics's PB Ratio or its related term are showing as below:
NSE:MICEL'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 5.13 Max: 14.94
Current: 4.05
During the past 13 years, MIC Electronics's highest PB Ratio was 14.94. The lowest was 0.51. And the median was 5.13.
NSE:MICEL's PB Ratio is ranked worse than 73.42% of 2419
companies
in the Hardware industry
Industry Median: 2.22
vs NSE:MICEL: 4.05
During the past 12 months, MIC Electronics's average Book Value Per Share Growth Rate was -2.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 48.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 56.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MIC Electronics was 82.30% per year. The lowest was -53.30% per year. And the median was 8.95% 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.
MIC Electronics PB Ratio Related Terms
MIC Electronics PB Ratio Historical Data
* Premium members only.
The historical data trend for MIC Electronics'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 Electronic Components subindustry, MIC Electronics'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.
MIC Electronics PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, MIC Electronics's PB Ratio distribution charts can be found below:
* The bar in red indicates where MIC Electronics'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.
MIC Electronics'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.
MIC Electronics (NSE:MICEL) has a PB Ratio of 4.06 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MIC Electronics and its competitors. This is 21% below median its historical median of 5.13. Over the past decade, MIC Electronics' PB Ratio has ranged from 0.51 to 14.94. According to the industry distribution chart, MIC Electronics ranks #1776 out of 2419 companies in the Hardware industry, placing it in the top 73.4%.
Is MIC Electronics' PB Ratio too high?
MIC Electronics' current PB Ratio of 4.06 is 21% below median its 10-year median of 5.13. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 14.94. The Hardware industry median PB Ratio is 2.22. MIC Electronics' value of 4.06 is 82.9% above this industry median. Based on the distribution chart, MIC Electronics ranks #1776 out of 2419 companies in the Hardware industry, which is below the industry midpoint. Overall, MIC Electronics has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MIC Electronics' PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, MIC Electronics ranks #1776 out of 2419 companies for PB Ratio. This places MIC Electronics in the lower half of its industry. The industry median PB Ratio is 2.22. MIC Electronics' value of 4.06 is 82.9% above this benchmark. Historically, MIC Electronics' own PB Ratio has ranged from 0.51 to 14.94 over the past decade. While the company's 10-year median is 5.13 vs. the industry median of 2.22, MIC Electronics 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 Hardware company?
The median PB Ratio among Hardware companies is 2.22, based on 2,419 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. MIC Electronics's current PB Ratio of 4.06 is 82.9% 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 MIC Electronics and its competitors. For the Hardware industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIC Electronics's current PB Ratio is 4.06, which is 21% below median its own 10-year median of 5.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIC Electronics stock overvalued right now?
Based on GuruFocus' analysis, MIC Electronics (NSE:MICEL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹210.60, compared to a current price of ₹36.38 — trading 82.7% below its estimated fair value. The current PB Ratio is 4.06, which is 21% below median its 10-year median of 5.13 and 82.9% above the Hardware industry median of 2.22. MIC Electronics' overall GF Score™ is 72/100 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 MIC Electronics (NSE:MICEL), the current PB Ratio is 4.06 as of Jul. 23, 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 MIC Electronics (NSE:MICEL) Overvalued in 2026?
Based on GuruFocus' analysis, MIC Electronics stock appears to be undervalued.
The current stock price of ₹36.38 is trading 82.7% below its estimated GF Value™ of ₹210.60.
GuruFocus considers MIC Electronics to be Possible Value Trap.
Key valuation signals for NSE:MICEL:
PB Ratio: 4.06 (21% below median its 10-year median of 5.13)
GF Value™: ₹210.60 vs. price of ₹36.38 (82.7% below fair value)
Industry Position: 82.9% above the Hardware median (#1776 of 2419)
No single metric tells the full story. See the NSE:MICEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India.
72GF Score
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