Milton Industries (NSE:MILTON) PB Ratio: 1.36 (As of Jul. 16, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:MILTON Milton Industries Ltd NSE:MILTON
4 GF Score
Price ₹36.95
View Full Analysis

What is Milton Industries PB Ratio?

Milton Industries NSE:MILTON 4 PB Ratio is 1.36 as of Jul. 16, 2026. GuruFocus rates NSE:MILTON with a GF Score™ of 4/100.

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 (2026-07-16), Milton Industries's share price is ₹36.95. Milton Industries's Book Value per Share for the quarter that ended in Mar. 2024 was ₹27.21. Hence, Milton Industries's PB Ratio of today is 1.36.

The historical rank and industry rank for Milton Industries's PB Ratio or its related term are showing as below:

NSE:MILTON's PB Ratio is not ranked *
in the Forest Products industry.
Industry Median: 0.785
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio


Milton Industries  (NSE:MILTON) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Milton Industries PB Ratio Related Terms


Milton Industries PB Ratio Historical Data

* Premium members only.

The historical data trend for Milton Industries'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.

Milton Industries PB Ratio Chart

Milton Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.42 0.52 0.85 0.83 1.43

Milton Industries Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.52 0.85 0.83 1.43

NSE:MILTON vs SSD, UFPI, BCC: PB Ratio Comparison

For the Lumber & Wood Production subindustry, Milton Industries'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.


Milton Industries PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Milton Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Milton Industries's PB Ratio falls into.


NSE:MILTON
4GF Score
Milton Industries Ltd NSE:MILTON
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Milton Industries PB Ratio Calculation

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.

Milton Industries's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=36.95/27.213
=1.36

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.36 mean?
Milton Industries (NSE:MILTON) has a PB Ratio of 1.36 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Milton Industries and its competitors.
Is Milton Industries' PB Ratio too high?
Milton Industries' current PB Ratio is 1.36. The Forest Products industry median PB Ratio is 0.79. Milton Industries' value of 1.36 is 73.2% above this industry median. Overall, Milton Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Milton Industries' PB Ratio compare to SSD and UFPI?
Milton Industries' PB Ratio of 1.36 can be compared against companies in the Forest Products industry. The industry median PB Ratio is 0.79. Milton Industries' value of 1.36 is 73.2% above this benchmark. 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.79, based on 272 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. Milton Industries's current PB Ratio of 1.36 is 73.2% 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 Milton Industries and its competitors. For the Forest Products industry, the median PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Milton Industries's current PB Ratio is 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milton Industries stock overvalued right now?
Milton Industries (NSE:MILTON) has a current PB Ratio of 1.36. The current PB Ratio is 1.36 and 73.2% above the Forest Products industry median of 0.79. Milton Industries' overall GF Score™ is 4/100. 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 Milton Industries (NSE:MILTON), the current PB Ratio is 1.36 as of Jul. 16, 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.

Milton Industries Business Description

Address Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009
Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters and home kitchens. The majority of the revenue comes from the Indian market.
4GF Score

Get the complete analysis for NSE:MILTON

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹36.95
Price