International Combustion (India) (BOM:505737) PB Ratio: 0.94 (As of Aug. 17, 2026) — Near Median

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Founder & CEO of GuruFocus
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.

BOM:505737 International Combustion (India) Ltd BOM:505737
63 GF Score
Price ₹511.95
GF Value ₹972.48
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is International Combustion (India) PB Ratio?

International Combustion (India) BOM:505737 +0.18% 63 PB Ratio is 0.94 as of Aug. 17, 2026, which is 7% below its 10-year median of 1.01. GuruFocus rates BOM:505737 with a GF Score™ of 63/100 and a GF Value™ of ₹972.48 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,983 Industrial Products companies, International Combustion (India) ranks better than 80.62% 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 (2026-08-17), International Combustion (India)'s share price is ₹511.95. International Combustion (India)'s Book Value per Share for the quarter that ended in Jun. 2026 was ₹547.01. Hence, International Combustion (India)'s PB Ratio of today is 0.94.

The historical rank and industry rank for International Combustion (India)'s PB Ratio or its related term are showing as below:

BOM:505737' s PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 1.01   Max: 4.25
Current: 0.94

During the past 13 years, International Combustion (India)'s highest PB Ratio was 4.25. The lowest was 0.24. And the median was 1.01.

BOM:505737's PB Ratio is ranked better than
80.62% of 2983 companies
in the Industrial Products industry
Industry Median: 2.23 vs BOM:505737: 0.94

During the past 12 months, International Combustion (India)'s average Book Value Per Share Growth Rate was -2.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of International Combustion (India) was 19.90% per year. The lowest was -1.60% per year. And the median was 1.00% per year.

Back to Basics: PB Ratio


International Combustion (India)  (BOM:505737) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


International Combustion (India) PB Ratio Related Terms


International Combustion (India) PB Ratio Historical Data

* Premium members only.

The historical data trend for International Combustion (India)'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.

International Combustion (India) PB Ratio Chart

International Combustion (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.78 1.02 3.47 1.38 0.68

International Combustion (India) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.44 0.00 0.68 0.00

BOM:505737 vs GEV, ETN, PH: PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, International Combustion (India)'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.


International Combustion (India) PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, International Combustion (India)'s PB Ratio distribution charts can be found below:

* The bar in red indicates where International Combustion (India)'s PB Ratio falls into.


BOM:505737
63GF Score
International Combustion (India) Ltd BOM:505737
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Combustion (India) PB Ratio Calculation

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.

International Combustion (India)'s PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=511.95/547.006
=0.94

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.94 mean?
International Combustion (India) (BOM:505737) has a PB Ratio of 0.94 as of Aug. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on International Combustion (India) and its competitors. This is near median its historical median of 1.01. Over the past decade, International Combustion (India)'s PB Ratio has ranged from 0.24 to 4.25. According to the industry distribution chart, International Combustion (India) ranks #578 out of 2983 companies in the Industrial Products industry, placing it in the top 19.4%.
Is International Combustion (India)'s PB Ratio too high?
International Combustion (India)'s current PB Ratio of 0.94 is near median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 4.25. The Industrial Products industry median PB Ratio is 2.23. International Combustion (India)'s value of 0.94 is 57.8% below this industry median. Based on the distribution chart, International Combustion (India) ranks #578 out of 2983 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, International Combustion (India) has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Combustion (India)'s PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, International Combustion (India) ranks #578 out of 2983 companies for PB Ratio. This places International Combustion (India) in the top 19% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.23. International Combustion (India)'s value of 0.94 is 57.8% below this benchmark. Historically, International Combustion (India)'s own PB Ratio has ranged from 0.24 to 4.25 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 2.23, International Combustion (India) 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.23, based on 2,983 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. International Combustion (India)'s current PB Ratio of 0.94 is 57.8% 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 International Combustion (India) and its competitors. For the Industrial Products industry, the median PB Ratio is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Combustion (India)'s current PB Ratio is 0.94, which is near median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Combustion (India) stock overvalued right now?
Based on GuruFocus' analysis, International Combustion (India) (BOM:505737) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹972.48, compared to a current price of ₹511.95 — trading 47.4% below its estimated fair value. The current PB Ratio is 0.94, which is near median its 10-year median of 1.01 and 57.8% below the Industrial Products industry median of 2.23. International Combustion (India)'s overall GF Score™ is 63/100 with 2 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 International Combustion (India) (BOM:505737), the current PB Ratio is 0.94 as of Aug. 17, 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 International Combustion (India) (BOM:505737) Overvalued in 2026?

Based on GuruFocus' analysis, International Combustion (India) stock appears to be undervalued. The current stock price of ₹511.95 is trading 47.4% below its estimated GF Value™ of ₹972.48. GuruFocus considers International Combustion (India) to be Significantly Undervalued.

Key valuation signals for BOM:505737:

  • PB Ratio: 0.94 (near median its 10-year median of 1.01)
  • GF Value™: ₹972.48 vs. price of ₹511.95 (47.4% below fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 57.8% below the Industrial Products median (#578 of 2983)

No single metric tells the full story. See the BOM:505737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Combustion (India) Business Description

Address Infinity Benchmark, 11th Floor, Plot Number G-1, Block-EP & GP, Sector-V, Salt Lake Electronics Complex, Kolkata, WB, IND, 700091
International Combustion (India) Ltd engages in the manufacturing of heavy engineering equipment. Its segments include Mineral & Material Processing and Handling Equipment, Gear Box and Geared Motor Drive System, and Building Material Division. The company's product portfolio comprises vibrating screens and feeders, cone crushers, bulk material handling equipment, mining haulages, Raymond grinding mills, air classifiers, flash drying systems, and geared motors and gearboxes. Geographically, it generates the majority of its revenue from India.
63GF Score

Get the complete analysis for BOM:505737

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹511.95
Price
₹972.48
GF Value