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United SpiritsNSE:UNITDSPR -0.33%88 PB Ratio is 12.05 as of Aug. 06, 2026, which is 4% below its 10-year median of 12.56. GuruFocus rates NSE:UNITDSPR with a GF Score™ of 88/100 and a GF Value™ of ₹1,437.42 (Fairly Valued). Among 205 Beverages - Alcoholic companies, United Spirits ranks worse than 96.1% 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 (2026-08-06), United Spirits's share price is ₹1520.00. United Spirits's Book Value per Share for the quarter that ended in Jun. 2026 was ₹126.09. Hence, United Spirits's PB Ratio of today is 12.05.
The historical rank and industry rank for United Spirits's PB Ratio or its related term are showing as below:
NSE:UNITDSPR'
s PB Ratio Range Over the Past 10 Years
Min: 8.87 Med: 12.56 Max: 31.4
Current: 11.78
During the past 13 years, United Spirits's highest PB Ratio was 31.40. The lowest was 8.87. And the median was 12.56.
NSE:UNITDSPR's PB Ratio is ranked worse than 96.1% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 1.71
vs NSE:UNITDSPR: 11.78
During the past 12 months, United Spirits's average Book Value Per Share Growth Rate was 10.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 19.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of United Spirits was 64.40% per year. The lowest was -34.30% per year. And the median was 17.45% 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.
United Spirits PB Ratio Related Terms
United Spirits PB Ratio Historical Data
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The historical data trend for United Spirits'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 Beverages - Wineries & Distilleries subindustry, United Spirits'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 Spirits PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Spirits's PB Ratio distribution charts can be found below:
* The bar in red indicates where United Spirits'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.
United Spirits'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.
United Spirits (NSE:UNITDSPR) has a PB Ratio of 12.05 as of Aug. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on United Spirits and its competitors. This is near median its historical median of 12.56. Over the past decade, United Spirits' PB Ratio has ranged from 8.87 to 31.40. According to the industry distribution chart, United Spirits ranks #197 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 96.1%.
Is United Spirits' PB Ratio too high?
United Spirits' current PB Ratio of 12.05 is near median its 10-year median of 12.56. Over the past 10 years, this metric has ranged from a low of 8.87 to a high of 31.40. The Beverages - Alcoholic industry median PB Ratio is 1.71. United Spirits' value of 12.05 is 604.7% above this industry median. Based on the distribution chart, United Spirits ranks #197 out of 205 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, United Spirits has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Spirits' PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, United Spirits ranks #197 out of 205 companies for PB Ratio. This places United Spirits in the lower half of its industry. The industry median PB Ratio is 1.71. United Spirits' value of 12.05 is 604.7% above this benchmark. Historically, United Spirits' own PB Ratio has ranged from 8.87 to 31.40 over the past decade. While the company's 10-year median is 12.56 vs. the industry median of 1.71, United Spirits 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 Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.71, based on 205 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 Spirits's current PB Ratio of 12.05 is 604.7% 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 United Spirits and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Spirits's current PB Ratio is 12.05, which is near median its own 10-year median of 12.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Spirits stock overvalued right now?
Based on GuruFocus' analysis, United Spirits (NSE:UNITDSPR) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,437.42, compared to a current price of ₹1,520.00 — trading 5.7% above its estimated fair value. The current PB Ratio is 12.05, which is near median its 10-year median of 12.56 and 604.7% above the Beverages - Alcoholic industry median of 1.71. United Spirits' overall GF Score™ is 88/100. 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 Spirits (NSE:UNITDSPR), the current PB Ratio is 12.05 as of Aug. 06, 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 United Spirits (NSE:UNITDSPR) Overvalued in 2026?
Based on GuruFocus' analysis, United Spirits stock appears to be overvalued.
The current stock price of ₹1,520.00 is trading 5.7% above its estimated GF Value™ of ₹1,437.42.
GuruFocus considers United Spirits to be Fairly Valued.
Key valuation signals for NSE:UNITDSPR:
PB Ratio: 12.05 (near median its 10-year median of 12.56)
GF Value™: ₹1,437.42 vs. price of ₹1,520.00 (5.7% above fair value)
Industry Position: 604.7% above the Beverages - Alcoholic median (#197 of 205)
No single metric tells the full story. See the NSE:UNITDSPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The company is engaged in the business of manufacture, purchase, and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India. The company's segment includes: Beverage alcohol; and Sports. It derives maximum revenue from Beverage alcohol that manufacture, purchase, franchise and sale of beverage alcohol and other allied spirits.
88GF Score
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