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Pennar IndustriesNSE:PENIND -0.13%82 PB Ratio is 1.89 as of Jul. 26, 2026, which is 78% above its 10-year median of 1.06. GuruFocus rates NSE:PENIND with a GF Score™ of 82/100 and a GF Value™ of ₹216.81 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,985 Industrial Products companies, Pennar Industries ranks better than 54.17% on this metric.
The historical rank and industry rank for Pennar Industries's PB Ratio or its related term are showing as below:
NSE:PENIND'
s PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 1.06 Max: 3.48
Current: 1.89
During the past 13 years, Pennar Industries's highest PB Ratio was 3.48. The lowest was 0.30. And the median was 1.06.
NSE:PENIND's PB Ratio is ranked better than 54.17% of 2985
companies
in the Industrial Products industry
Industry Median: 2.09
vs NSE:PENIND: 1.89
During the past 12 months, Pennar Industries's average Book Value Per Share Growth Rate was 16.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pennar Industries was 18.00% per year. The lowest was -0.80% per year. And the median was 9.60% per year.
Back to Basics: PB Ratio
Pennar Industries (NSE:PENIND) 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.
Pennar Industries PB Ratio Related Terms
Pennar Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Pennar 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.
For the Specialty Industrial Machinery subindustry, Pennar 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.
Pennar Industries PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Pennar Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pennar 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.
Pennar Industries (NSE:PENIND) has a PB Ratio of 1.89 as of Jul. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Pennar Industries and its competitors. This is 78% above median its historical median of 1.06. Over the past decade, Pennar Industries' PB Ratio has ranged from 0.30 to 3.48. According to the industry distribution chart, Pennar Industries ranks #1368 out of 2985 companies in the Industrial Products industry, placing it in the top 45.8%.
Is Pennar Industries' PB Ratio too high?
Pennar Industries' current PB Ratio of 1.89 is 78% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 3.48. The Industrial Products industry median PB Ratio is 2.09. Pennar Industries' value of 1.89 is 9.6% below this industry median. Based on the distribution chart, Pennar Industries ranks #1368 out of 2985 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Pennar Industries has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pennar Industries' PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Pennar Industries ranks #1368 out of 2985 companies for PB Ratio. This puts Pennar Industries in the upper half of its industry. The industry median PB Ratio is 2.09. Pennar Industries' value of 1.89 is 9.6% below this benchmark. Historically, Pennar Industries' own PB Ratio has ranged from 0.30 to 3.48 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 2.09, Pennar Industries has consistently been below 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.09, based on 2,985 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. Pennar Industries's current PB Ratio of 1.89 is 9.6% below 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 Pennar Industries and its competitors. For the Industrial Products industry, the median PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pennar Industries's current PB Ratio is 1.89, which is 78% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pennar Industries stock overvalued right now?
Based on GuruFocus' analysis, Pennar Industries (NSE:PENIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹216.81, compared to a current price of ₹162.84 — trading 24.9% below its estimated fair value. The current PB Ratio is 1.89, which is 78% above median its 10-year median of 1.06 and 9.6% below the Industrial Products industry median of 2.09. Pennar Industries' overall GF Score™ is 82/100 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 Pennar Industries (NSE:PENIND), the current PB Ratio is 1.89 as of Jul. 26, 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 Pennar Industries (NSE:PENIND) Overvalued in 2026?
Based on GuruFocus' analysis, Pennar Industries stock appears to be undervalued.
The current stock price of ₹162.84 is trading 24.9% below its estimated GF Value™ of ₹216.81.
GuruFocus considers Pennar Industries to be Modestly Undervalued.
Key valuation signals for NSE:PENIND:
PB Ratio: 1.89 (78% above median its 10-year median of 1.06)
GF Value™: ₹216.81 vs. price of ₹162.84 (24.9% below fair value)
Industry Position: 9.6% below the Industrial Products median (#1368 of 2985)
No single metric tells the full story. See the NSE:PENIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pennar Industries Ltd provides engineering products and services. The company's operating segment includes Diversified Engineering and Custom designed building solutions and auxiliaries. It generates maximum revenue from the Diversified Engineering segment. Geographically, it derives a majority of its revenue from India. The company serves Infrastructure, Automobiles, Power, General Engineering, Building and Construction, Refineries, and other sectors. Its product portfolio includes Cold Rolled Steel Strips, Precision Tubes, Railway wagons/Coaches, Pre-Engineered Building Systems, Solar module mounting structures, Photo Voltaic panels, Sheet Metal Components, Hydraulic Cylinders, Road Safety Systems, Water and Sewage treatment solutions, and Desalination projects.
82GF Score
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