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Shah AlloysBOM:513436 +6.26%45 PB Ratio is 1.30 as of Aug. 14, 2026, which is 61% below its 10-year median of 3.37. GuruFocus rates BOM:513436 with a GF Score™ of 45/100 and a GF Value™ of ₹4.83 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 609 Steel companies, Shah Alloys ranks worse than 63.71% 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 (2026-08-14), Shah Alloys's share price is ₹74.00. Shah Alloys's Book Value per Share for the quarter that ended in Mar. 2026 was ₹56.75. Hence, Shah Alloys's PB Ratio of today is 1.30.
The historical rank and industry rank for Shah Alloys's PB Ratio or its related term are showing as below:
BOM:513436'
s PB Ratio Range Over the Past 10 Years
Min: 1.02 Med: 3.37 Max: 12.28
Current: 1.31
During the past 13 years, Shah Alloys's highest PB Ratio was 12.28. The lowest was 1.02. And the median was 3.37.
BOM:513436's PB Ratio is ranked worse than 63.71% of 609
companies
in the Steel industry
Industry Median: 0.98
vs BOM:513436: 1.31
During the past 3 years, the average Book Value Per Share Growth Rate was 54.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shah Alloys was 59.80% per year. The lowest was -116.50% per year. And the median was 22.95% 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.
Shah Alloys PB Ratio Related Terms
Shah Alloys PB Ratio Historical Data
* Premium members only.
The historical data trend for Shah Alloys'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 Steel subindustry, Shah Alloys'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.
Shah Alloys PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Shah Alloys's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shah Alloys'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.
Shah Alloys'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.
Shah Alloys (BOM:513436) has a PB Ratio of 1.30 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 Shah Alloys and its competitors. This is 61% below median its historical median of 3.37. Over the past decade, Shah Alloys' PB Ratio has ranged from 1.02 to 12.28. According to the industry distribution chart, Shah Alloys ranks #388 out of 609 companies in the Steel industry, placing it in the top 63.7%.
Is Shah Alloys' PB Ratio too high?
Shah Alloys' current PB Ratio of 1.30 is 61% below median its 10-year median of 3.37. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 12.28. The Steel industry median PB Ratio is 0.98. Shah Alloys' value of 1.30 is 32.7% above this industry median. Based on the distribution chart, Shah Alloys ranks #388 out of 609 companies in the Steel industry, which is below the industry midpoint. Overall, Shah Alloys has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shah Alloys' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Shah Alloys ranks #388 out of 609 companies for PB Ratio. This places Shah Alloys in the lower half of its industry. The industry median PB Ratio is 0.98. Shah Alloys' value of 1.30 is 32.7% above this benchmark. Historically, Shah Alloys' own PB Ratio has ranged from 1.02 to 12.28 over the past decade. While the company's 10-year median is 3.37 vs. the industry median of 0.98, Shah Alloys 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 Steel company?
The median PB Ratio among Steel companies is 0.98, based on 609 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. Shah Alloys's current PB Ratio of 1.30 is 32.7% 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 Shah Alloys and its competitors. For the Steel industry, the median PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shah Alloys's current PB Ratio is 1.30, which is 61% below median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shah Alloys stock overvalued right now?
Based on GuruFocus' analysis, Shah Alloys (BOM:513436) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹4.83, compared to a current price of ₹74.00 — trading 1432.1% above its estimated fair value. The current PB Ratio is 1.30, which is 61% below median its 10-year median of 3.37 and 32.7% above the Steel industry median of 0.98. Shah Alloys' overall GF Score™ is 45/100 with 8 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 Shah Alloys (BOM:513436), the current PB Ratio is 1.30 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 Shah Alloys (BOM:513436) Overvalued in 2026?
Based on GuruFocus' analysis, Shah Alloys stock appears to be overvalued.
The current stock price of ₹74.00 is trading 1432.1% above its estimated GF Value™ of ₹4.83.
GuruFocus considers Shah Alloys to be Significantly Overvalued.
Key valuation signals for BOM:513436:
PB Ratio: 1.30 (61% below median its 10-year median of 3.37)
GF Value™: ₹4.83 vs. price of ₹74.00 (1432.1% above fair value)
Industry Position: 32.7% above the Steel median (#388 of 609)
No single metric tells the full story. See the BOM:513436 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shah Alloys Ltd manufactures and supplies steel in India. The company is engaged in the manufacturing of Stainless steel, alloy special steel, Carbon/mild steel, and Armour steel in Flat and long products. The product offered by the group includes hot rolled coils, hot rolled sheets, and plates, cold rolled coils and sheets, hot rolled round bars, hot rolled flat bars, angles, bright/peeled bars, beams, and angles. The firm generates a majority of its revenue from the sale of Iron and Steel products, which include Bars, Beams, Flat Plate coil, Slab, and Billets.
45GF Score
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