Industrial MineralsASX:IND -3.70%37 PB Ratio is 3.94 as of Jun. 28, 2026. GuruFocus rates ASX:IND with a GF Score™ of 37/100. The stock has 3 warning signs investors should review. Among 2,357 Metals & Mining companies, Industrial Minerals ranks worse than 69.96% on this metric.
The historical rank and industry rank for Industrial Minerals's PB Ratio or its related term are showing as below:
ASX:IND'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.94
Current: 3.94
During the past 5 years, Industrial Minerals's highest PB Ratio was 3.94. The lowest was 0.00. And the median was 0.00.
ASX:IND's PB Ratio is ranked worse than 69.96% of 2357
companies
in the Metals & Mining industry
Industry Median: 2.26
vs ASX:IND: 3.94
During the past 12 months, Industrial Minerals's average Book Value Per Share Growth Rate was -12.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -16.10% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Industrial Minerals was 244.80% per year. The lowest was -16.10% per year. And the median was 114.35% per year.
Back to Basics: PB Ratio
Industrial Minerals (ASX:IND) 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.
Industrial Minerals PB Ratio Related Terms
Industrial Minerals PB Ratio Historical Data
* Premium members only.
The historical data trend for Industrial Minerals'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.
Industrial Minerals PB Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Industrial Minerals'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.
Industrial Minerals PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Industrial Minerals's PB Ratio distribution charts can be found below:
* The bar in red indicates where Industrial Minerals'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.
Industrial Minerals (ASX:IND) has a PB Ratio of 3.94 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Industrial Minerals and its competitors. According to the industry distribution chart, Industrial Minerals ranks #1649 out of 2357 companies in the Metals & Mining industry, placing it in the top 70%.
Is Industrial Minerals' PB Ratio too high?
Industrial Minerals' current PB Ratio is 3.94. The Metals & Mining industry median PB Ratio is 2.26. Industrial Minerals' value of 3.94 is 74.3% above this industry median. Based on the distribution chart, Industrial Minerals ranks #1649 out of 2357 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Industrial Minerals has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Industrial Minerals' PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Industrial Minerals ranks #1649 out of 2357 companies for PB Ratio. This places Industrial Minerals in the lower half of its industry. The industry median PB Ratio is 2.26. Industrial Minerals' value of 3.94 is 74.3% above this benchmark. 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 Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.26, based on 2,357 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. Industrial Minerals's current PB Ratio of 3.94 is 74.3% 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 Industrial Minerals and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Minerals's current PB Ratio is 3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Minerals stock overvalued right now?
Industrial Minerals (ASX:IND) has a current PB Ratio of 3.94. The current PB Ratio is 3.94 and 74.3% above the Metals & Mining industry median of 2.26. Industrial Minerals' overall GF Score™ is 37/100 with 3 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 Industrial Minerals (ASX:IND), the current PB Ratio is 3.94 as of Jun. 28, 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.
Industrial Minerals Ltd is engaged in the evaluation and exploration of mineral interests, prospective for industrial minerals. Its projects include Pippingarra Quarry Project, Mukinbudin Quartz/Feldspar Project, and Silica Sands Projects. The group is organised into one operating segment, being mining and exploration operations.
37GF Score
Get the complete analysis for ASX:IND
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:IND has been successfully added to your 
