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Syrma SGS TechnologyNSE:SYRMA -0.79%82 PB Ratio is 9.18 as of Jul. 23, 2026, which is 71% above its 10-year median of 5.37. GuruFocus rates NSE:SYRMA with a GF Score™ of 82/100 and a GF Value™ of ₹943.14 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,419 Hardware companies, Syrma SGS Technology ranks worse than 90.24% on this metric.
Syrma SGS Technology Ltd stock PB Ratio (=9.15) is close to 5-year high of 9.77.
The historical rank and industry rank for Syrma SGS Technology's PB Ratio or its related term are showing as below:
NSE:SYRMA'
s PB Ratio Range Over the Past 10 Years
Min: 3.01 Med: 5.37 Max: 9.77
Current: 9.19
During the past 7 years, Syrma SGS Technology's highest PB Ratio was 9.77. The lowest was 3.01. And the median was 5.37.
NSE:SYRMA's PB Ratio is ranked worse than 90.24% of 2419
companies
in the Hardware industry
Industry Median: 2.22
vs NSE:SYRMA: 9.19
During the past 12 months, Syrma SGS Technology's average Book Value Per Share Growth Rate was 51.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 38.10% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Syrma SGS Technology was 50.10% per year. The lowest was 19.50% per year. And the median was 44.35% per year.
Back to Basics: PB Ratio
Syrma SGS Technology (NSE:SYRMA) 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.
Syrma SGS Technology PB Ratio Related Terms
Syrma SGS Technology PB Ratio Historical Data
* Premium members only.
The historical data trend for Syrma SGS Technology'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 Electronic Components subindustry, Syrma SGS Technology'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.
Syrma SGS Technology PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Syrma SGS Technology's PB Ratio distribution charts can be found below:
* The bar in red indicates where Syrma SGS Technology'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.
Syrma SGS Technology (NSE:SYRMA) has a PB Ratio of 9.18 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Syrma SGS Technology and its competitors. This is 71% above median its historical median of 5.37. Over the past decade, Syrma SGS Technology's PB Ratio has ranged from 3.01 to 9.77. According to the industry distribution chart, Syrma SGS Technology ranks #2183 out of 2419 companies in the Hardware industry, placing it in the top 90.2%.
Is Syrma SGS Technology's PB Ratio too high?
Syrma SGS Technology's current PB Ratio of 9.18 is 71% above median its 10-year median of 5.37. Over the past 10 years, this metric has ranged from a low of 3.01 to a high of 9.77. The Hardware industry median PB Ratio is 2.22. Syrma SGS Technology's value of 9.18 is 313.5% above this industry median. Based on the distribution chart, Syrma SGS Technology ranks #2183 out of 2419 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Syrma SGS Technology has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Syrma SGS Technology's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Syrma SGS Technology ranks #2183 out of 2419 companies for PB Ratio. This places Syrma SGS Technology in the lower half of its industry. The industry median PB Ratio is 2.22. Syrma SGS Technology's value of 9.18 is 313.5% above this benchmark. Historically, Syrma SGS Technology's own PB Ratio has ranged from 3.01 to 9.77 over the past decade. While the company's 10-year median is 5.37 vs. the industry median of 2.22, Syrma SGS Technology 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 2.22, 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. Syrma SGS Technology's current PB Ratio of 9.18 is 313.5% 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 Syrma SGS Technology and its competitors. For the Hardware industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Syrma SGS Technology's current PB Ratio is 9.18, which is 71% above median its own 10-year median of 5.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syrma SGS Technology stock overvalued right now?
Based on GuruFocus' analysis, Syrma SGS Technology (NSE:SYRMA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹943.14, compared to a current price of ₹1,363.50 — trading 44.6% above its estimated fair value. The current PB Ratio is 9.18, which is 71% above median its 10-year median of 5.37 and 313.5% above the Hardware industry median of 2.22. Syrma SGS Technology's overall GF Score™ is 82/100 with 9 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 Syrma SGS Technology (NSE:SYRMA), the current PB Ratio is 9.18 as of Jul. 23, 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 Syrma SGS Technology (NSE:SYRMA) Overvalued in 2026?
Based on GuruFocus' analysis, Syrma SGS Technology stock appears to be overvalued.
The current stock price of ₹1,363.50 is trading 44.6% above its estimated GF Value™ of ₹943.14.
GuruFocus considers Syrma SGS Technology to be Significantly Overvalued.
Key valuation signals for NSE:SYRMA:
PB Ratio: 9.18 (71% above median its 10-year median of 5.37)
GF Value™: ₹943.14 vs. price of ₹1,363.50 (44.6% above fair value)
Industry Position: 313.5% above the Hardware median (#2183 of 2419)
No single metric tells the full story. See the NSE:SYRMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Syrma SGS Technology Ltd provides Electronic Manufacturing Services. The company is engaged in the business of manufacturing various electronic sub-assemblies, assemblies, and box builds, disk drives, memory modules, power supplies, adapters, fiber optic assemblies, magnetic induction coils, and RFID products, and other electronic products. It serves national and international B2B customers in the industrial, consumer electronics, healthcare, automotive, computer, medical, and railway sectors. Geographically, the majority of the company's revenue is generated within India, followed by the United States of America, and the Rest of the world.
82GF Score
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