Rajputana Stainless (NSE:RSL) PB Ratio: 3.51 (As of Aug. 09, 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:RSL Rajputana Stainless Ltd NSE:RSL
18 GF Score
Price ₹152.72
! 2 Warning Signs
View Full Analysis

What is Rajputana Stainless PB Ratio?

Rajputana Stainless NSE:RSL -0.09% 18 PB Ratio is 3.51 as of Aug. 09, 2026, which is 17% above its 10-year median of 3.00. GuruFocus rates NSE:RSL with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 609 Steel companies, Rajputana Stainless ranks worse than 89.16% on this metric.

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. As of today (2026-08-09), Rajputana Stainless's share price is ₹152.72. Rajputana Stainless's Book Value per Share for the quarter that ended in Mar. 2026 was ₹43.47. Hence, Rajputana Stainless's PB Ratio of today is 3.51.

The historical rank and industry rank for Rajputana Stainless's PB Ratio or its related term are showing as below:

NSE:RSL' s PB Ratio Range Over the Past 10 Years
Min: 2.75   Med: 3   Max: 6.28
Current: 3.51

During the past 4 years, Rajputana Stainless's highest PB Ratio was 6.28. The lowest was 2.75. And the median was 3.00.

NSE:RSL's PB Ratio is ranked worse than
89.16% of 609 companies
in the Steel industry
Industry Median: 0.97 vs NSE:RSL: 3.51

During the past 12 months, Rajputana Stainless's average Book Value Per Share Growth Rate was 139.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 64.80% per year.

During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Rajputana Stainless was 64.80% per year. The lowest was 64.80% per year. And the median was 64.80% per year.

Back to Basics: PB Ratio


Rajputana Stainless  (NSE:RSL) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Rajputana Stainless PB Ratio Related Terms


Rajputana Stainless PB Ratio Historical Data

* Premium members only.

The historical data trend for Rajputana Stainless'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.

Rajputana Stainless PB Ratio Chart

Rajputana Stainless Annual Data
Trend Mar23 Mar24 Mar25 Mar26
PB Ratio
0.00 0.00 0.00 2.36

Rajputana Stainless Semi-Annual Data
Mar23 Mar24 Mar25 Sep25 Mar26
PB Ratio 0.00 0.00 0.00 0.00 2.36

NSE:RSL vs NUE, STLD, RS: PB Ratio Comparison

For the Steel subindustry, Rajputana Stainless'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.


Rajputana Stainless PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Rajputana Stainless's PB Ratio distribution charts can be found below:

* The bar in red indicates where Rajputana Stainless's PB Ratio falls into.


NSE:RSL
18GF Score
Rajputana Stainless Ltd NSE:RSL
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rajputana Stainless PB Ratio Calculation

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.

Rajputana Stainless's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=152.72/43.473
=3.51

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 3.51 mean?
Rajputana Stainless (NSE:RSL) has a PB Ratio of 3.51 as of Aug. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Rajputana Stainless and its competitors. This is 17% above median its historical median of 3.00. Over the past decade, Rajputana Stainless' PB Ratio has ranged from 2.75 to 6.28. According to the industry distribution chart, Rajputana Stainless ranks #543 out of 609 companies in the Steel industry, placing it in the top 89.2%.
Is Rajputana Stainless' PB Ratio too high?
Rajputana Stainless' current PB Ratio of 3.51 is 17% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.75 to a high of 6.28. The Steel industry median PB Ratio is 0.97. Rajputana Stainless' value of 3.51 is 261.9% above this industry median. Based on the distribution chart, Rajputana Stainless ranks #543 out of 609 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Rajputana Stainless has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Rajputana Stainless' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Rajputana Stainless ranks #543 out of 609 companies for PB Ratio. This places Rajputana Stainless in the lower half of its industry. The industry median PB Ratio is 0.97. Rajputana Stainless' value of 3.51 is 261.9% above this benchmark. Historically, Rajputana Stainless' own PB Ratio has ranged from 2.75 to 6.28 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 0.97, Rajputana Stainless 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 Steel company?
The median PB Ratio among Steel companies is 0.97, based on 609 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. Rajputana Stainless's current PB Ratio of 3.51 is 261.9% 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 Rajputana Stainless and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rajputana Stainless's current PB Ratio is 3.51, which is 17% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajputana Stainless stock overvalued right now?
Rajputana Stainless (NSE:RSL) has a current PB Ratio of 3.51. The current PB Ratio is 3.51, which is 17% above median its 10-year median of 3.00 and 261.9% above the Steel industry median of 0.97. Rajputana Stainless' overall GF Score™ is 18/100 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 Rajputana Stainless (NSE:RSL), the current PB Ratio is 3.51 as of Aug. 09, 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.

Rajputana Stainless Business Description

Other Exchanges 544731:India
Address Halol Kalol Road, 213, Madhwas, Taluka Kalol, Panchmahal District, Panchmahal, GJ, IND, 389330
Rajputana Stainless Ltd is engaged in the business of manufacturing long and flat stainless-steel products comprising billets, forging ingots, rolled black bar, rolled bright bar, flat & patti, and other ancillary products under the brand name of RSL. Its products are used across a diverse range of industries, including bar processing, seamless pipes, forging, wire manufacturing, engineering, casting, fasteners, utensil manufacturing, pump and shaft, and the auto industry. The company operates in domestic as well as international markets, including Turkey, UAE, Poland, Portugal, USA, South Africa, South Korea, Czech Republic, and Kuwait. The majority of its revenue is derived from the sale of its products in the domestic market.
18GF Score

Get the complete analysis for NSE:RSL

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹152.72
Price