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Rishabh InstrumentsNSE:RISHABH -0.52%57 PB Ratio is 3.39 as of Jul. 18, 2026, which is 39% above its 10-year median of 2.44. GuruFocus rates NSE:RISHABH with a GF Score™ of 57/100 and a GF Value™ of ₹427.96 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,419 Hardware companies, Rishabh Instruments ranks worse than 66.31% on this metric.
Rishabh Instruments Ltd stock PB Ratio (=3.42) is close to 2-year high of 3.42.
The historical rank and industry rank for Rishabh Instruments's PB Ratio or its related term are showing as below:
NSE:RISHABH'
s PB Ratio Range Over the Past 10 Years
Min: 1.4 Med: 2.44 Max: 4.29
Current: 3.41
During the past 6 years, Rishabh Instruments's highest PB Ratio was 4.29. The lowest was 1.40. And the median was 2.44.
NSE:RISHABH's PB Ratio is ranked worse than 66.31% of 2419
companies
in the Hardware industry
Industry Median: 2.25
vs NSE:RISHABH: 3.41
During the past 12 months, Rishabh Instruments's average Book Value Per Share Growth Rate was 21.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 23.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 21.60% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Rishabh Instruments was 24.40% per year. The lowest was 22.40% per year. And the median was 23.40% per year.
Back to Basics: PB Ratio
Rishabh Instruments (NSE:RISHABH) 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.
Rishabh Instruments PB Ratio Related Terms
Rishabh Instruments PB Ratio Historical Data
* Premium members only.
The historical data trend for Rishabh Instruments'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:RISHABH vs COHR, KEYS, GRMN: PB Ratio Comparison
For the Scientific & Technical Instruments subindustry, Rishabh Instruments'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.
Rishabh Instruments PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Rishabh Instruments's PB Ratio distribution charts can be found below:
* The bar in red indicates where Rishabh Instruments'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.
Rishabh Instruments (NSE:RISHABH) has a PB Ratio of 3.39 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Rishabh Instruments and its competitors. This is 39% above median its historical median of 2.44. Over the past decade, Rishabh Instruments' PB Ratio has ranged from 1.40 to 4.29. According to the industry distribution chart, Rishabh Instruments ranks #1604 out of 2419 companies in the Hardware industry, placing it in the top 66.3%.
Is Rishabh Instruments' PB Ratio too high?
Rishabh Instruments' current PB Ratio of 3.39 is 39% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 4.29. The Hardware industry median PB Ratio is 2.25. Rishabh Instruments' value of 3.39 is 50.7% above this industry median. Based on the distribution chart, Rishabh Instruments ranks #1604 out of 2419 companies in the Hardware industry, which is below the industry midpoint. Overall, Rishabh Instruments has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rishabh Instruments' PB Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Rishabh Instruments ranks #1604 out of 2419 companies for PB Ratio. This places Rishabh Instruments in the lower half of its industry. The industry median PB Ratio is 2.25. Rishabh Instruments' value of 3.39 is 50.7% above this benchmark. Historically, Rishabh Instruments' own PB Ratio has ranged from 1.40 to 4.29 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 2.25, Rishabh Instruments 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 Hardware company?
The median PB Ratio among Hardware companies is 2.25, based on 2,419 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. Rishabh Instruments's current PB Ratio of 3.39 is 50.7% 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 Rishabh Instruments and its competitors. For the Hardware industry, the median PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rishabh Instruments's current PB Ratio is 3.39, which is 39% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rishabh Instruments stock overvalued right now?
Based on GuruFocus' analysis, Rishabh Instruments (NSE:RISHABH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹427.96, compared to a current price of ₹656.10 — trading 53.3% above its estimated fair value. The current PB Ratio is 3.39, which is 39% above median its 10-year median of 2.44 and 50.7% above the Hardware industry median of 2.25. Rishabh Instruments' overall GF Score™ is 57/100 with 6 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 Rishabh Instruments (NSE:RISHABH), the current PB Ratio is 3.39 as of Jul. 18, 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 Rishabh Instruments (NSE:RISHABH) Overvalued in 2026?
Based on GuruFocus' analysis, Rishabh Instruments stock appears to be overvalued.
The current stock price of ₹656.10 is trading 53.3% above its estimated GF Value™ of ₹427.96.
GuruFocus considers Rishabh Instruments to be Significantly Overvalued.
Key valuation signals for NSE:RISHABH:
PB Ratio: 3.39 (39% above median its 10-year median of 2.44)
GF Value™: ₹427.96 vs. price of ₹656.10 (53.3% above fair value)
Industry Position: 50.7% above the Hardware median (#1604 of 2419)
No single metric tells the full story. See the NSE:RISHABH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rishabh Instruments Ltd is engaged in designing, developing, and manufacturing test and measuring instruments and industrial control products, and high-pressure aluminum die casting. Its product portfolio comprises analog panel meters, battery chargers, CAM switches, clamp meters, earth testers, isolators, transducers, etc. Geographically, the group generates maximum revenue from Europe (excluding Poland), followed by Poland, Asia, the USA, and other regions.
57GF Score
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