VIP IndustriesNSE:VIPIND +0.05%70 PB Ratio is 15.33 as of Jun. 27, 2026, which is 39% above its 10-year median of 11.02. GuruFocus rates NSE:VIPIND with a GF Score™ of 70/100 and a GF Value™ of ₹400.96 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,004 Manufacturing - Apparel & Accessories companies, VIP Industries ranks worse than 97.71% 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 (2026-06-27), VIP Industries's share price is ₹312.45. VIP Industries's Book Value per Share for the quarter that ended in Mar. 2026 was ₹20.38. Hence, VIP Industries's PB Ratio of today is 15.33.
Warning Sign:
VIP Industries Ltd stock PB Ratio (=15.57) is close to 3-year high of 16.16.
The historical rank and industry rank for VIP Industries's PB Ratio or its related term are showing as below:
NSE:VIPIND'
s PB Ratio Range Over the Past 10 Years
Min: 4.16 Med: 11.02 Max: 18.73
Current: 15.33
During the past 13 years, VIP Industries's highest PB Ratio was 18.73. The lowest was 4.16. And the median was 11.02.
NSE:VIPIND's PB Ratio is ranked worse than 97.71% of 1004
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.075
vs NSE:VIPIND: 15.33
During the past 12 months, VIP Industries's average Book Value Per Share Growth Rate was -53.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -23.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -7.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of VIP Industries was 29.60% per year. The lowest was -23.40% per year. And the median was 12.00% 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.
VIP Industries PB Ratio Related Terms
VIP Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for VIP Industries'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.
NSE:VIPIND vs NKE, DECK, ONON: PB Ratio Comparison
For the Footwear & Accessories subindustry, VIP Industries'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.
VIP Industries PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VIP Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where VIP Industries'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.
VIP Industries'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.
VIP Industries (NSE:VIPIND) has a PB Ratio of 15.33 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on VIP Industries and its competitors. This is 39% above median its historical median of 11.02. Over the past decade, VIP Industries' PB Ratio has ranged from 4.16 to 18.73. According to the industry distribution chart, VIP Industries ranks #981 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 97.7%.
Is VIP Industries' PB Ratio too high?
VIP Industries' current PB Ratio of 15.33 is 39% above median its 10-year median of 11.02. Over the past 10 years, this metric has ranged from a low of 4.16 to a high of 18.73. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.08. VIP Industries' value of 15.33 is 1326% above this industry median. Based on the distribution chart, VIP Industries ranks #981 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, VIP Industries has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VIP Industries' PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, VIP Industries ranks #981 out of 1004 companies for PB Ratio. This places VIP Industries in the lower half of its industry. The industry median PB Ratio is 1.08. VIP Industries' value of 15.33 is 1326% above this benchmark. Historically, VIP Industries' own PB Ratio has ranged from 4.16 to 18.73 over the past decade. While the company's 10-year median is 11.02 vs. the industry median of 1.08, VIP Industries 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 1.08, 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. VIP Industries's current PB Ratio of 15.33 is 1326% 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 VIP Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIP Industries's current PB Ratio is 15.33, which is 39% above median its own 10-year median of 11.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIP Industries stock overvalued right now?
Based on GuruFocus' analysis, VIP Industries (NSE:VIPIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹400.96, compared to a current price of ₹312.45 — trading 22.1% below its estimated fair value. The current PB Ratio is 15.33, which is 39% above median its 10-year median of 11.02 and 1326% above the Manufacturing - Apparel & Accessories industry median of 1.08. VIP Industries' overall GF Score™ is 70/100 with 7 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 VIP Industries (NSE:VIPIND), the current PB Ratio is 15.33 as of Jun. 27, 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 VIP Industries (NSE:VIPIND) Overvalued in 2026?
Based on GuruFocus' analysis, VIP Industries stock appears to be undervalued.
The current stock price of ₹312.45 is trading 22.1% below its estimated GF Value™ of ₹400.96.
GuruFocus considers VIP Industries to be Modestly Undervalued.
Key valuation signals for NSE:VIPIND:
PB Ratio: 15.33 (39% above median its 10-year median of 11.02)
GF Value™: ₹400.96 vs. price of ₹312.45 (22.1% below fair value)
Industry Position: 1326% above the Manufacturing - Apparel & Accessories median (#981 of 1004)
No single metric tells the full story. See the NSE:VIPIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VIP Industries Ltd is a luggage manufacturer based in India. The company's only segment is the manufacturing and marketing of luggage, bags, and accessories. Geographically, it derives a majority of revenue from India. VIP has a range of brands across luggage categories including Carlton, VIP Bags, Skybags, Aristocrat, Alfa, and Caprese through which it sells trolleys, rucksacks, backpacks, duffel bags, laptop bags, travel accessories, short-haul essentials, soft uprights, vanity cases, hard suitcases, briefcases, and others.
70GF Score
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