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N R Agarwal IndustriesNSE:NRAIL +0.89%81 PB Ratio is 0.98 as of Jul. 29, 2026, which is 1% above its 10-year median of 0.97. GuruFocus rates NSE:NRAIL with a GF Score™ of 81/100 and a GF Value™ of ₹530.12 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 271 Forest Products companies, N R Agarwal Industries ranks worse than 60.89% on this metric.
N R Agarwal Industries Ltd stock PB Ratio (=1.06) is close to 5-year high of 1.16.
The historical rank and industry rank for N R Agarwal Industries's PB Ratio or its related term are showing as below:
NSE:NRAIL'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 0.97 Max: 4.06
Current: 0.98
During the past 13 years, N R Agarwal Industries's highest PB Ratio was 4.06. The lowest was 0.51. And the median was 0.97.
NSE:NRAIL's PB Ratio is ranked worse than 60.89% of 271
companies
in the Forest Products industry
Industry Median: 0.78
vs NSE:NRAIL: 0.98
During the past 12 months, N R Agarwal Industries's average Book Value Per Share Growth Rate was 5.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 24.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of N R Agarwal Industries was 55.20% per year. The lowest was -10.30% per year. And the median was 17.40% per year.
Back to Basics: PB Ratio
N R Agarwal Industries (NSE:NRAIL) 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.
* 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.
N R Agarwal Industries PB Ratio Competitor Comparison
For the Paper & Paper Products subindustry, N R Agarwal 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.
N R Agarwal Industries PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, N R Agarwal Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where N R Agarwal Industries'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.
N R Agarwal Industries (NSE:NRAIL) has a PB Ratio of 0.98 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 N R Agarwal Industries and its competitors. This is near median its historical median of 0.97. Over the past decade, N R Agarwal Industries' PB Ratio has ranged from 0.51 to 4.06. According to the industry distribution chart, N R Agarwal Industries ranks #165 out of 271 companies in the Forest Products industry, placing it in the top 60.9%.
Is N R Agarwal Industries' PB Ratio too high?
N R Agarwal Industries' current PB Ratio of 0.98 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 4.06. The Forest Products industry median PB Ratio is 0.78. N R Agarwal Industries' value of 0.98 is 25.6% above this industry median. Based on the distribution chart, N R Agarwal Industries ranks #165 out of 271 companies in the Forest Products industry, which is below the industry midpoint. Overall, N R Agarwal Industries has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does N R Agarwal Industries' PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, N R Agarwal Industries ranks #165 out of 271 companies for PB Ratio. This places N R Agarwal Industries in the lower half of its industry. The industry median PB Ratio is 0.78. N R Agarwal Industries' value of 0.98 is 25.6% above this benchmark. Historically, N R Agarwal Industries' own PB Ratio has ranged from 0.51 to 4.06 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.78, N R Agarwal Industries 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.78, based on 271 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. N R Agarwal Industries's current PB Ratio of 0.98 is 25.6% 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 N R Agarwal Industries and its competitors. For the Forest Products industry, the median PB Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. N R Agarwal Industries's current PB Ratio is 0.98, which is near median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N R Agarwal Industries stock overvalued right now?
Based on GuruFocus' analysis, N R Agarwal Industries (NSE:NRAIL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹530.12, compared to a current price of ₹468.60 — trading 11.6% below its estimated fair value. The current PB Ratio is 0.98, which is near median its 10-year median of 0.97 and 25.6% above the Forest Products industry median of 0.78. N R Agarwal Industries' overall GF Score™ is 81/100 with 8 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 N R Agarwal Industries (NSE:NRAIL), the current PB Ratio is 0.98 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 N R Agarwal Industries (NSE:NRAIL) Overvalued in 2026?
Based on GuruFocus' analysis, N R Agarwal Industries stock appears to be undervalued.
The current stock price of ₹468.60 is trading 11.6% below its estimated GF Value™ of ₹530.12.
GuruFocus considers N R Agarwal Industries to be Modestly Undervalued.
Key valuation signals for NSE:NRAIL:
PB Ratio: 0.98 (near median its 10-year median of 0.97)
GF Value™: ₹530.12 vs. price of ₹468.60 (11.6% below fair value)
Industry Position: 25.6% above the Forest Products median (#165 of 271)
No single metric tells the full story. See the NSE:NRAIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
N R Agarwal Industries Ltd is an India-based company, which is principally engaged in the manufacturing of quality finished paper and paper products. The products of the comany include duplex boards, copiers, newsprint, writing, and printing products. The company generates a majority of its revenue from the sale of paper-related products. Geographically, it derives maximum revenue domestically.
81GF Score
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