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Safari Industries (India)NSE:SAFARI -0.26%76 PB Ratio is 6.86 as of Aug. 01, 2026, which is 32% below its 10-year median of 10.15. GuruFocus rates NSE:SAFARI with a GF Score™ of 76/100 and a GF Value™ of ₹2,731.76 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,004 Manufacturing - Apparel & Accessories companies, Safari Industries (India) ranks worse than 94.92% on this metric.
During the past 12 months, Safari Industries (India)'s average Book Value Per Share Growth Rate was 16.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 36.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 34.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 26.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Safari Industries (India) was 80.70% per year. The lowest was -3.10% per year. And the median was 26.60% per year.
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.
Safari Industries (India) PB Ratio Related Terms
Safari Industries (India) PB Ratio Historical Data
* 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:SAFARI vs NKE, DECK, ONON: PB Ratio Comparison
For the Footwear & Accessories subindustry, Safari Industries (India)'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.
Safari Industries (India) PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Safari Industries (India)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Safari Industries (India)'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.
Safari Industries (India) (NSE:SAFARI) has a PB Ratio of 6.86 as of Aug. 01, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Safari Industries (India) and its competitors. This is 32% below median its historical median of 10.15. Over the past decade, Safari Industries (India)'s PB Ratio has ranged from 3.08 to 21.20. According to the industry distribution chart, Safari Industries (India) ranks #953 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 94.9%.
Is Safari Industries (India)'s PB Ratio too high?
Safari Industries (India)'s current PB Ratio of 6.86 is 32% below median its 10-year median of 10.15. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 21.20. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.07. Safari Industries (India)'s value of 6.86 is 541.1% above this industry median. Based on the distribution chart, Safari Industries (India) ranks #953 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Safari Industries (India) has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safari Industries (India)'s PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Safari Industries (India) ranks #953 out of 1004 companies for PB Ratio. This places Safari Industries (India) in the lower half of its industry. The industry median PB Ratio is 1.07. Safari Industries (India)'s value of 6.86 is 541.1% above this benchmark. Historically, Safari Industries (India)'s own PB Ratio has ranged from 3.08 to 21.20 over the past decade. While the company's 10-year median is 10.15 vs. the industry median of 1.07, Safari Industries (India) 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.07, based on 1,004 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. Safari Industries (India)'s current PB Ratio of 6.86 is 541.1% 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 Safari Industries (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safari Industries (India)'s current PB Ratio is 6.86, which is 32% below median its own 10-year median of 10.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safari Industries (India) stock overvalued right now?
Based on GuruFocus' analysis, Safari Industries (India) (NSE:SAFARI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,731.76, compared to a current price of ₹1,559.60 — trading 42.9% below its estimated fair value. The current PB Ratio is 6.86, which is 32% below median its 10-year median of 10.15 and 541.1% above the Manufacturing - Apparel & Accessories industry median of 1.07. Safari Industries (India)'s overall GF Score™ is 76/100 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 Safari Industries (India) (NSE:SAFARI), the current PB Ratio is 6.86 as of Aug. 01, 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 Safari Industries (India) (NSE:SAFARI) Overvalued in 2026?
Based on GuruFocus' analysis, Safari Industries (India) stock appears to be undervalued.
The current stock price of ₹1,559.60 is trading 42.9% below its estimated GF Value™ of ₹2,731.76.
GuruFocus considers Safari Industries (India) to be Significantly Undervalued.
Key valuation signals for NSE:SAFARI:
PB Ratio: 6.86 (32% below median its 10-year median of 10.15)
GF Value™: ₹2,731.76 vs. price of ₹1,559.60 (42.9% below fair value)
Industry Position: 541.1% above the Manufacturing - Apparel & Accessories median (#953 of 1004)
No single metric tells the full story. See the NSE:SAFARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safari Industries (India) Ltd is an India-based company engaged in the manufacturing and marketing of luggage and luggage accessories. The company offers Hard luggage cases and Soft luggage cases. The company's product range includes Laptop bags, Backpacks, suitcases, four and two-wheel trolleys, Duffle bags, and Rolling duffle bags, and others.
76GF Score
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