SP RefractoriesNSE:SPRL 70 PB Ratio is 1.23 as of Jul. 11, 2026, which is 36% below its 10-year median of 1.92. GuruFocus rates NSE:SPRL with a GF Score™ of 70/100 and a GF Value™ of ₹140.57 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 397 Building Materials companies, SP Refractories ranks worse than 52.9% 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 (2026-07-11), SP Refractories's share price is ₹111.00. SP Refractories's Book Value per Share for the quarter that ended in Mar. 2026 was ₹90.15. Hence, SP Refractories's PB Ratio of today is 1.23.
The historical rank and industry rank for SP Refractories's PB Ratio or its related term are showing as below:
NSE:SPRL'
s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.92 Max: 6.48
Current: 1.23
During the past 8 years, SP Refractories's highest PB Ratio was 6.48. The lowest was 0.87. And the median was 1.92.
NSE:SPRL's PB Ratio is ranked worse than 52.9% of 397
companies
in the Building Materials industry
Industry Median: 1.15
vs NSE:SPRL: 1.23
During the past 12 months, SP Refractories's average Book Value Per Share Growth Rate was 28.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 24.20% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of SP Refractories was 33.00% per year. The lowest was 14.80% per year. And the median was 31.00% 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.
SP Refractories PB Ratio Related Terms
SP Refractories PB Ratio Historical Data
* Premium members only.
The historical data trend for SP Refractories'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 Building Materials subindustry, SP Refractories'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.
SP Refractories PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, SP Refractories's PB Ratio distribution charts can be found below:
* The bar in red indicates where SP Refractories'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.
SP Refractories's PB Ratio for today is calculated as follows:
* 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.
SP Refractories (NSE:SPRL) has a PB Ratio of 1.23 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on SP Refractories and its competitors. This is 36% below median its historical median of 1.92. Over the past decade, SP Refractories' PB Ratio has ranged from 0.87 to 6.48. According to the industry distribution chart, SP Refractories ranks #210 out of 397 companies in the Building Materials industry, placing it in the top 52.9%.
Is SP Refractories' PB Ratio too high?
SP Refractories' current PB Ratio of 1.23 is 36% below median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 6.48. The Building Materials industry median PB Ratio is 1.15. SP Refractories' value of 1.23 is 7% above this industry median. Based on the distribution chart, SP Refractories ranks #210 out of 397 companies in the Building Materials industry, which is below the industry midpoint. Overall, SP Refractories has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SP Refractories' PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, SP Refractories ranks #210 out of 397 companies for PB Ratio. This places SP Refractories in the lower half of its industry. The industry median PB Ratio is 1.15. SP Refractories' value of 1.23 is 7% above this benchmark. Historically, SP Refractories' own PB Ratio has ranged from 0.87 to 6.48 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 1.15, SP Refractories 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 Building Materials company?
The median PB Ratio among Building Materials companies is 1.15, based on 397 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. SP Refractories's current PB Ratio of 1.23 is 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 SP Refractories and its competitors. For the Building Materials industry, the median PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SP Refractories's current PB Ratio is 1.23, which is 36% below median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP Refractories stock overvalued right now?
Based on GuruFocus' analysis, SP Refractories (NSE:SPRL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹140.57, compared to a current price of ₹111.00 — trading 21% below its estimated fair value. The current PB Ratio is 1.23, which is 36% below median its 10-year median of 1.92 and 7% above the Building Materials industry median of 1.15. SP Refractories' overall GF Score™ is 70/100 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 SP Refractories (NSE:SPRL), the current PB Ratio is 1.23 as of Jul. 11, 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 SP Refractories (NSE:SPRL) Overvalued in 2026?
Based on GuruFocus' analysis, SP Refractories stock appears to be undervalued.
The current stock price of ₹111.00 is trading 21% below its estimated GF Value™ of ₹140.57.
GuruFocus considers SP Refractories to be Modestly Undervalued.
Key valuation signals for NSE:SPRL:
PB Ratio: 1.23 (36% below median its 10-year median of 1.92)
GF Value™: ₹140.57 vs. price of ₹111.00 (21% below fair value)
Industry Position: 7% above the Building Materials median (#210 of 397)
No single metric tells the full story. See the NSE:SPRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SP Refractories Ltd is engaged in manufacturing and supplying refractory material made using hydrated lime, calcined alumina, and other raw materials. The company is involved in single segment of manufacturing and supplying of high quality refractory material. Its core focus is on refractory cement which is a niche and high-margin cement widely used in iron and steel and construction industries because of its thermal conductivity, maximum strength, and heat resistance.
70GF Score
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