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One97 CommunicationsNSE:PAYTM +2.10%63 PB Ratio is 5.12 as of Jul. 27, 2026, which is 48% above its 10-year median of 3.47. GuruFocus rates NSE:PAYTM with a GF Score™ of 63/100 and a GF Value™ of ₹986.02 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,637 Software companies, One97 Communications ranks worse than 78.57% on this metric.
One97 Communications Ltd stock PB Ratio (=5.13) is close to 5-year high of 5.61.
The historical rank and industry rank for One97 Communications's PB Ratio or its related term are showing as below:
NSE:PAYTM'
s PB Ratio Range Over the Past 10 Years
Min: 1.63 Med: 3.47 Max: 5.61
Current: 5.13
During the past 8 years, One97 Communications's highest PB Ratio was 5.61. The lowest was 1.63. And the median was 3.47.
NSE:PAYTM's PB Ratio is ranked worse than 78.57% of 2637
companies
in the Software industry
Industry Median: 2.36
vs NSE:PAYTM: 5.13
During the past 12 months, One97 Communications's average Book Value Per Share Growth Rate was 6.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.70% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of One97 Communications was 35.20% per year. The lowest was 2.60% per year. And the median was 18.00% per year.
Back to Basics: PB Ratio
One97 Communications (NSE:PAYTM) 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.
One97 Communications PB Ratio Related Terms
One97 Communications PB Ratio Historical Data
* Premium members only.
The historical data trend for One97 Communications'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:PAYTM vs MSFT, ORCL, PLTR: PB Ratio Comparison
For the Software - Infrastructure subindustry, One97 Communications'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.
One97 Communications PB Ratio vs Software Industry
For the Software industry and Technology sector, One97 Communications's PB Ratio distribution charts can be found below:
* The bar in red indicates where One97 Communications'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.
One97 Communications (NSE:PAYTM) has a PB Ratio of 5.12 as of Jul. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on One97 Communications and its competitors. This is 48% above median its historical median of 3.47. Over the past decade, One97 Communications' PB Ratio has ranged from 1.63 to 5.61. According to the industry distribution chart, One97 Communications ranks #2072 out of 2637 companies in the Software industry, placing it in the top 78.6%.
Is One97 Communications' PB Ratio too high?
One97 Communications' current PB Ratio of 5.12 is 48% above median its 10-year median of 3.47. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 5.61. The Software industry median PB Ratio is 2.36. One97 Communications' value of 5.12 is 116.9% above this industry median. Based on the distribution chart, One97 Communications ranks #2072 out of 2637 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, One97 Communications has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does One97 Communications' PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, One97 Communications ranks #2072 out of 2637 companies for PB Ratio. This places One97 Communications in the lower half of its industry. The industry median PB Ratio is 2.36. One97 Communications' value of 5.12 is 116.9% above this benchmark. Historically, One97 Communications' own PB Ratio has ranged from 1.63 to 5.61 over the past decade. While the company's 10-year median is 3.47 vs. the industry median of 2.36, One97 Communications 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 Software company?
The median PB Ratio among Software companies is 2.36, based on 2,637 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. One97 Communications's current PB Ratio of 5.12 is 116.9% 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 One97 Communications and its competitors. For the Software industry, the median PB Ratio is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One97 Communications's current PB Ratio is 5.12, which is 48% above median its own 10-year median of 3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One97 Communications stock overvalued right now?
Based on GuruFocus' analysis, One97 Communications (NSE:PAYTM) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹986.02, compared to a current price of ₹1,283.20 — trading 30.1% above its estimated fair value. The current PB Ratio is 5.12, which is 48% above median its 10-year median of 3.47 and 116.9% above the Software industry median of 2.36. One97 Communications' overall GF Score™ is 63/100 with 3 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 One97 Communications (NSE:PAYTM), the current PB Ratio is 5.12 as of Jul. 27, 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 One97 Communications (NSE:PAYTM) Overvalued in 2026?
Based on GuruFocus' analysis, One97 Communications stock appears to be overvalued.
The current stock price of ₹1,283.20 is trading 30.1% above its estimated GF Value™ of ₹986.02.
GuruFocus considers One97 Communications to be Modestly Overvalued.
Key valuation signals for NSE:PAYTM:
PB Ratio: 5.12 (48% above median its 10-year median of 3.47)
GF Value™: ₹986.02 vs. price of ₹1,283.20 (30.1% above fair value)
Industry Position: 116.9% above the Software median (#2072 of 2637)
No single metric tells the full story. See the NSE:PAYTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
One97 Communications Ltd is a digital ecosystem for consumers and merchants. The company is in the business of providing a) payment and financial services which mainly include payment facilitator services, facilitation of consumer and merchant loan distribution to consumers and merchants, wealth management, etc. b) marketing services which consist of aggregator for digital products, ticketing business, providing voice and messaging platforms to the telecom operators and enterprise customers and other businesses. The group generates the majority of its revenue from customers domiciled in India.
63GF Score
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