Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Bharat GearsBOM:505688 +0.88%61 PB Ratio is 1.21 as of Aug. 15, 2026, which is 15% below its 10-year median of 1.43. GuruFocus rates BOM:505688 with a GF Score™ of 61/100 and a GF Value™ of ₹131.82 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,295 Vehicles & Parts companies, Bharat Gears ranks better than 55.98% 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 (2026-08-15), Bharat Gears's share price is ₹103.55. Bharat Gears's Book Value per Share for the quarter that ended in Jun. 2026 was ₹85.44. Hence, Bharat Gears's PB Ratio of today is 1.21.
The historical rank and industry rank for Bharat Gears's PB Ratio or its related term are showing as below:
BOM:505688'
s PB Ratio Range Over the Past 10 Years
Min: 0.31 Med: 1.43 Max: 2.4
Current: 1.21
During the past 13 years, Bharat Gears's highest PB Ratio was 2.40. The lowest was 0.31. And the median was 1.43.
BOM:505688's PB Ratio is ranked better than 55.98% of 1295
companies
in the Vehicles & Parts industry
Industry Median: 1.42
vs BOM:505688: 1.21
During the past 12 months, Bharat Gears's average Book Value Per Share Growth Rate was 16.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bharat Gears was 24.90% per year. The lowest was -4.40% per year. And the median was 2.45% 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.
Bharat Gears PB Ratio Related Terms
Bharat Gears PB Ratio Historical Data
* Premium members only.
The historical data trend for Bharat Gears'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 Auto Parts subindustry, Bharat Gears'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.
Bharat Gears PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bharat Gears's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bharat Gears'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.
Bharat Gears'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.
Bharat Gears (BOM:505688) has a PB Ratio of 1.21 as of Aug. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bharat Gears and its competitors. This is 15% below median its historical median of 1.43. Over the past decade, Bharat Gears' PB Ratio has ranged from 0.31 to 2.40. According to the industry distribution chart, Bharat Gears ranks #570 out of 1295 companies in the Vehicles & Parts industry, placing it in the top 44%.
Is Bharat Gears' PB Ratio too high?
Bharat Gears' current PB Ratio of 1.21 is 15% below median its 10-year median of 1.43. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 2.40. The Vehicles & Parts industry median PB Ratio is 1.42. Bharat Gears' value of 1.21 is 14.8% below this industry median. Based on the distribution chart, Bharat Gears ranks #570 out of 1295 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Bharat Gears has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Gears' PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Bharat Gears ranks #570 out of 1295 companies for PB Ratio. This puts Bharat Gears in the upper half of its industry. The industry median PB Ratio is 1.42. Bharat Gears' value of 1.21 is 14.8% below this benchmark. Historically, Bharat Gears' own PB Ratio has ranged from 0.31 to 2.40 over the past decade. While the company's 10-year median is 1.43 vs. the industry median of 1.42, Bharat Gears 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.42, based on 1,295 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. Bharat Gears's current PB Ratio of 1.21 is 14.8% 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 Bharat Gears and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Gears's current PB Ratio is 1.21, which is 15% below median its own 10-year median of 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Gears stock overvalued right now?
Based on GuruFocus' analysis, Bharat Gears (BOM:505688) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹131.82, compared to a current price of ₹103.55 — trading 21.4% below its estimated fair value. The current PB Ratio is 1.21, which is 15% below median its 10-year median of 1.43 and 14.8% below the Vehicles & Parts industry median of 1.42. Bharat Gears' overall GF Score™ is 61/100 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 Bharat Gears (BOM:505688), the current PB Ratio is 1.21 as of Aug. 15, 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 Bharat Gears (BOM:505688) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Gears stock appears to be undervalued.
The current stock price of ₹103.55 is trading 21.4% below its estimated GF Value™ of ₹131.82.
GuruFocus considers Bharat Gears to be Modestly Undervalued.
Key valuation signals for BOM:505688:
PB Ratio: 1.21 (15% below median its 10-year median of 1.43)
GF Value™: ₹131.82 vs. price of ₹103.55 (21.4% below fair value)
Industry Position: 14.8% below the Vehicles & Parts median (#570 of 1295)
No single metric tells the full story. See the BOM:505688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Gears Ltd is engaged in the automotive gears business. The company offers a wide range of gear products such as ring gears and pinions, transmission gears and shafts, differential gears, gearboxes, and heat treatment furnaces. The company caters to the commercial vehicle, agricultural machinery, construction equipment segments, and others. The company has a presence in India, and USA, Mexico, Spain, and Other countries.
61GF Score
Get the complete analysis for BOM:505688
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
BOM:505688 has been successfully added to your 
