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Punjab CommunicationsBOM:500346 +6.49%56 PB Ratio is 2.05 as of Aug. 14, 2026, which is 81% above its 10-year median of 1.13. GuruFocus rates BOM:500346 with a GF Score™ of 56/100 and a GF Value™ of ₹89.91 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,418 Hardware companies, Punjab Communications ranks better than 55.79% on this metric.
Punjab Communications Ltd stock PB Ratio (=1.91) is close to 3-year low of 1.76.
The historical rank and industry rank for Punjab Communications's PB Ratio or its related term are showing as below:
BOM:500346'
s PB Ratio Range Over the Past 10 Years
Min: 0.19 Med: 1.13 Max: 3.71
Current: 2.04
During the past 13 years, Punjab Communications's highest PB Ratio was 3.71. The lowest was 0.19. And the median was 1.13.
BOM:500346's PB Ratio is ranked better than 55.79% of 2418
companies
in the Hardware industry
Industry Median: 2.365
vs BOM:500346: 2.04
During the past 12 months, Punjab Communications's average Book Value Per Share Growth Rate was 6.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -12.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Punjab Communications was 17.80% per year. The lowest was -31.60% per year. And the median was -7.90% 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.
* 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 Communication Equipment subindustry, Punjab Communications'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.
Punjab Communications PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Punjab Communications's PB Ratio distribution charts can be found below:
* The bar in red indicates where Punjab Communications'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.
Punjab Communications (BOM:500346) has a PB Ratio of 2.05 as of Aug. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Punjab Communications and its competitors. This is 81% above median its historical median of 1.13. Over the past decade, Punjab Communications' PB Ratio has ranged from 0.19 to 3.71. According to the industry distribution chart, Punjab Communications ranks #1069 out of 2418 companies in the Hardware industry, placing it in the top 44.2%.
Is Punjab Communications' PB Ratio too high?
Punjab Communications' current PB Ratio of 2.05 is 81% above median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 3.71. The Hardware industry median PB Ratio is 2.37. Punjab Communications' value of 2.05 is 13.3% below this industry median. Based on the distribution chart, Punjab Communications ranks #1069 out of 2418 companies in the Hardware industry, which is above the industry midpoint. Overall, Punjab Communications has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Punjab Communications' PB Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Punjab Communications ranks #1069 out of 2418 companies for PB Ratio. This puts Punjab Communications in the upper half of its industry. The industry median PB Ratio is 2.37. Punjab Communications' value of 2.05 is 13.3% below this benchmark. Historically, Punjab Communications' own PB Ratio has ranged from 0.19 to 3.71 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 2.37, Punjab Communications has consistently been below 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 2.37, based on 2,418 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. Punjab Communications's current PB Ratio of 2.05 is 13.3% below 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 Punjab Communications and its competitors. For the Hardware industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Punjab Communications's current PB Ratio is 2.05, which is 81% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Punjab Communications stock overvalued right now?
Based on GuruFocus' analysis, Punjab Communications (BOM:500346) is currently considered Possible Value Trap. The stock's GF Value™ is ₹89.91, compared to a current price of ₹52.01 — trading 42.2% below its estimated fair value. The current PB Ratio is 2.05, which is 81% above median its 10-year median of 1.13 and 13.3% below the Hardware industry median of 2.37. Punjab Communications' overall GF Score™ is 56/100 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 Punjab Communications (BOM:500346), the current PB Ratio is 2.05 as of Aug. 14, 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 Punjab Communications (BOM:500346) Overvalued in 2026?
Based on GuruFocus' analysis, Punjab Communications stock appears to be undervalued.
The current stock price of ₹52.01 is trading 42.2% below its estimated GF Value™ of ₹89.91.
GuruFocus considers Punjab Communications to be Possible Value Trap.
Key valuation signals for BOM:500346:
PB Ratio: 2.05 (81% above median its 10-year median of 1.13)
GF Value™: ₹89.91 vs. price of ₹52.01 (42.2% below fair value)
Industry Position: 13.3% below the Hardware median (#1069 of 2418)
No single metric tells the full story. See the BOM:500346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Punjab Communications Ltd is a Telecom and IT equipment and solution provider. Its activities span across various areas such as; Telecom equipment manufacturing, IT and Software Solutions, Turnkey Projects, and Repair and Maintenance. Its product portfolio includes power line carrier communication, line matching unit, control communication equipment, and drop multiplexer among others. The company also provides contract manufacturing services, IT solutions, and takes up turnkey projects, involving installation, commissioning, and maintenance of complete range of telecommunications equipment on a pan-India level. It operates in a single segment which is the manufacturing of telecom products.
56GF Score
Get the complete analysis for BOM:500346
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