United Heat TransferNSE:UHTL -1.97%16 PB Ratio is 3.43 as of Jul. 11, 2026, which is 48% above its 10-year median of 2.31. GuruFocus rates NSE:UHTL with a GF Score™ of 16/100. The stock has 6 warning signs investors should review. Among 2,979 Industrial Products companies, United Heat Transfer ranks worse than 68.51% on this metric.
United Heat Transfer Ltd stock PB Ratio (=3.79) is close to 1-year high of 3.92.
The historical rank and industry rank for United Heat Transfer's PB Ratio or its related term are showing as below:
NSE:UHTL'
s PB Ratio Range Over the Past 10 Years
Min: 1.49 Med: 2.31 Max: 10.06
Current: 3.5
During the past 4 years, United Heat Transfer's highest PB Ratio was 10.06. The lowest was 1.49. And the median was 2.31.
NSE:UHTL's PB Ratio is ranked worse than 68.51% of 2979
companies
in the Industrial Products industry
Industry Median: 2.23
vs NSE:UHTL: 3.50
During the past 3 years, the average Book Value Per Share Growth Rate was 69.50% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of United Heat Transfer was 69.50% per year. The lowest was 69.50% per year. And the median was 69.50% per year.
Back to Basics: PB Ratio
United Heat Transfer (NSE:UHTL) 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.
United Heat Transfer PB Ratio Related Terms
United Heat Transfer PB Ratio Historical Data
* Premium members only.
The historical data trend for United Heat Transfer'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 Specialty Industrial Machinery subindustry, United Heat Transfer'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.
United Heat Transfer PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, United Heat Transfer's PB Ratio distribution charts can be found below:
* The bar in red indicates where United Heat Transfer'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.
United Heat Transfer (NSE:UHTL) has a PB Ratio of 3.43 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 United Heat Transfer and its competitors. This is 48% above median its historical median of 2.31. Over the past decade, United Heat Transfer's PB Ratio has ranged from 1.49 to 10.06. According to the industry distribution chart, United Heat Transfer ranks #2041 out of 2979 companies in the Industrial Products industry, placing it in the top 68.5%.
Is United Heat Transfer's PB Ratio too high?
United Heat Transfer's current PB Ratio of 3.43 is 48% above median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 10.06. The Industrial Products industry median PB Ratio is 2.23. United Heat Transfer's value of 3.43 is 53.8% above this industry median. Based on the distribution chart, United Heat Transfer ranks #2041 out of 2979 companies in the Industrial Products industry, which is below the industry midpoint. Overall, United Heat Transfer has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does United Heat Transfer's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, United Heat Transfer ranks #2041 out of 2979 companies for PB Ratio. This places United Heat Transfer in the lower half of its industry. The industry median PB Ratio is 2.23. United Heat Transfer's value of 3.43 is 53.8% above this benchmark. Historically, United Heat Transfer's own PB Ratio has ranged from 1.49 to 10.06 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 2.23, United Heat Transfer 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.23, based on 2,979 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. United Heat Transfer's current PB Ratio of 3.43 is 53.8% 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 United Heat Transfer and its competitors. For the Industrial Products industry, the median PB Ratio is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Heat Transfer's current PB Ratio is 3.43, which is 48% above median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Heat Transfer stock overvalued right now?
United Heat Transfer (NSE:UHTL) has a current PB Ratio of 3.43. The current PB Ratio is 3.43, which is 48% above median its 10-year median of 2.31 and 53.8% above the Industrial Products industry median of 2.23. United Heat Transfer's overall GF Score™ is 16/100 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 United Heat Transfer (NSE:UHTL), the current PB Ratio is 3.43 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.
United Heat Transfer Ltd is engaged in the manufacture of a range of shell and tube heat exchangers, air cooled heat exchangers, pressure vessels and process flow skids equipment's which are used as critical equipment's for petrol and diesel engines, railway engines, maritime engines, cruse and cargo ships, ferries, pleasure boats, marine diesels, mining trucks, megayachts, heavy engines, fishing boats, heavy trucks, freighters, trawlers, heavy haulages, power gen sets, super tankers, off highway engines etc.
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