Narayana HrudayalayaNSE:NH +1.71%94 PB Ratio is 9.07 as of Jul. 12, 2026, which is 16% above its 10-year median of 7.83. GuruFocus rates NSE:NH with a GF Score™ of 94/100 and a GF Value™ of ₹2,262.08 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 608 Healthcare Providers & Services companies, Narayana Hrudayalaya ranks worse than 92.6% on this metric.
The historical rank and industry rank for Narayana Hrudayalaya's PB Ratio or its related term are showing as below:
NSE:NH'
s PB Ratio Range Over the Past 10 Years
Min: 3.52 Med: 7.83 Max: 12.68
Current: 9.07
During the past 13 years, Narayana Hrudayalaya's highest PB Ratio was 12.68. The lowest was 3.52. And the median was 7.83.
NSE:NH's PB Ratio is ranked worse than 92.6% of 608
companies
in the Healthcare Providers & Services industry
Industry Median: 1.99
vs NSE:NH: 9.07
During the past 12 months, Narayana Hrudayalaya's average Book Value Per Share Growth Rate was 25.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 28.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 33.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 18.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Narayana Hrudayalaya was 37.30% per year. The lowest was 2.70% per year. And the median was 14.50% per year.
Back to Basics: PB Ratio
Narayana Hrudayalaya (NSE:NH) 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.
Narayana Hrudayalaya PB Ratio Related Terms
Narayana Hrudayalaya PB Ratio Historical Data
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The historical data trend for Narayana Hrudayalaya'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 Medical Care Facilities subindustry, Narayana Hrudayalaya'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.
Narayana Hrudayalaya PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Narayana Hrudayalaya's PB Ratio distribution charts can be found below:
* The bar in red indicates where Narayana Hrudayalaya'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.
Narayana Hrudayalaya (NSE:NH) has a PB Ratio of 9.07 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Narayana Hrudayalaya and its competitors. This is 16% above median its historical median of 7.83. Over the past decade, Narayana Hrudayalaya's PB Ratio has ranged from 3.52 to 12.68. According to the industry distribution chart, Narayana Hrudayalaya ranks #563 out of 608 companies in the Healthcare Providers & Services industry, placing it in the top 92.6%.
Is Narayana Hrudayalaya's PB Ratio too high?
Narayana Hrudayalaya's current PB Ratio of 9.07 is 16% above median its 10-year median of 7.83. Over the past 10 years, this metric has ranged from a low of 3.52 to a high of 12.68. The Healthcare Providers & Services industry median PB Ratio is 1.99. Narayana Hrudayalaya's value of 9.07 is 355.8% above this industry median. Based on the distribution chart, Narayana Hrudayalaya ranks #563 out of 608 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Narayana Hrudayalaya has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Narayana Hrudayalaya's PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Narayana Hrudayalaya ranks #563 out of 608 companies for PB Ratio. This places Narayana Hrudayalaya in the lower half of its industry. The industry median PB Ratio is 1.99. Narayana Hrudayalaya's value of 9.07 is 355.8% above this benchmark. Historically, Narayana Hrudayalaya's own PB Ratio has ranged from 3.52 to 12.68 over the past decade. While the company's 10-year median is 7.83 vs. the industry median of 1.99, Narayana Hrudayalaya 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 Healthcare Providers & Services company?
The median PB Ratio among Healthcare Providers & Services companies is 1.99, based on 608 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. Narayana Hrudayalaya's current PB Ratio of 9.07 is 355.8% 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 Narayana Hrudayalaya and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Narayana Hrudayalaya's current PB Ratio is 9.07, which is 16% above median its own 10-year median of 7.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narayana Hrudayalaya stock overvalued right now?
Based on GuruFocus' analysis, Narayana Hrudayalaya (NSE:NH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,262.08, compared to a current price of ₹2,027.30 — trading 10.4% below its estimated fair value. The current PB Ratio is 9.07, which is 16% above median its 10-year median of 7.83 and 355.8% above the Healthcare Providers & Services industry median of 1.99. Narayana Hrudayalaya's overall GF Score™ is 94/100 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 Narayana Hrudayalaya (NSE:NH), the current PB Ratio is 9.07 as of Jul. 12, 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 Narayana Hrudayalaya (NSE:NH) Overvalued in 2026?
Based on GuruFocus' analysis, Narayana Hrudayalaya stock appears to be undervalued.
The current stock price of ₹2,027.30 is trading 10.4% below its estimated GF Value™ of ₹2,262.08.
GuruFocus considers Narayana Hrudayalaya to be Modestly Undervalued.
Key valuation signals for NSE:NH:
PB Ratio: 9.07 (16% above median its 10-year median of 7.83)
GF Value™: ₹2,262.08 vs. price of ₹2,027.30 (10.4% below fair value)
Industry Position: 355.8% above the Healthcare Providers & Services median (#563 of 608)
No single metric tells the full story. See the NSE:NH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Narayana Hrudayalaya Ltd is an India-based medical and healthcare service provider. The company is engaged in the business of running and operating hospitals, clinics, health centers, nursing homes, and other related activities. The Company's sole operating segment is Medical and Healthcare Related Services. It also provides surgery services such as Cardiac Surgery, nephrology, urology, neurology, neurosurgery, endocrinology, orthopaedics, internal medicine, obstetrics, gynaecology, paediatrics, neonatology, gastroenterology, and oncology. It has business operations in India and the Rest of the world, of which the maximum revenue is generated from the business operations in India.
94GF Score
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