Onward TechnologiesBOM:517536 +5.23%82 PB Ratio is 2.51 as of Jun. 27, 2026, which is 17% below its 10-year median of 3.01. GuruFocus rates BOM:517536 with a GF Score™ of 82/100 and a GF Value™ of ₹405.79 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,624 Software companies, Onward Technologies ranks worse than 53.35% on this metric.
The historical rank and industry rank for Onward Technologies's PB Ratio or its related term are showing as below:
BOM:517536'
s PB Ratio Range Over the Past 10 Years
Min: 0.84 Med: 3.01 Max: 8.07
Current: 2.51
During the past 13 years, Onward Technologies's highest PB Ratio was 8.07. The lowest was 0.84. And the median was 3.01.
BOM:517536's PB Ratio is ranked worse than 53.35% of 2624
companies
in the Software industry
Industry Median: 2.32
vs BOM:517536: 2.51
During the past 12 months, Onward Technologies's average Book Value Per Share Growth Rate was 14.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Onward Technologies was 73.50% per year. The lowest was -9.40% per year. And the median was 15.00% per year.
Back to Basics: PB Ratio
Onward Technologies (BOM:517536) 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.
Onward Technologies PB Ratio Related Terms
Onward Technologies PB Ratio Historical Data
* Premium members only.
The historical data trend for Onward Technologies'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 Information Technology Services subindustry, Onward Technologies'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.
Onward Technologies PB Ratio vs Software Industry
For the Software industry and Technology sector, Onward Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Onward Technologies'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.
Onward Technologies (BOM:517536) has a PB Ratio of 2.51 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Onward Technologies and its competitors. This is 17% below median its historical median of 3.01. Over the past decade, Onward Technologies' PB Ratio has ranged from 0.84 to 8.07. According to the industry distribution chart, Onward Technologies ranks #1400 out of 2624 companies in the Software industry, placing it in the top 53.4%.
Is Onward Technologies' PB Ratio too high?
Onward Technologies' current PB Ratio of 2.51 is 17% below median its 10-year median of 3.01. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 8.07. The Software industry median PB Ratio is 2.32. Onward Technologies' value of 2.51 is 8.2% above this industry median. Based on the distribution chart, Onward Technologies ranks #1400 out of 2624 companies in the Software industry, which is below the industry midpoint. Overall, Onward Technologies has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Onward Technologies' PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Onward Technologies ranks #1400 out of 2624 companies for PB Ratio. This places Onward Technologies in the lower half of its industry. The industry median PB Ratio is 2.32. Onward Technologies' value of 2.51 is 8.2% above this benchmark. Historically, Onward Technologies' own PB Ratio has ranged from 0.84 to 8.07 over the past decade. While the company's 10-year median is 3.01 vs. the industry median of 2.32, Onward Technologies 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 Software company?
The median PB Ratio among Software companies is 2.32, based on 2,624 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. Onward Technologies's current PB Ratio of 2.51 is 8.2% 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 Onward Technologies and its competitors. For the Software industry, the median PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Technologies's current PB Ratio is 2.51, which is 17% below median its own 10-year median of 3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Technologies stock overvalued right now?
Based on GuruFocus' analysis, Onward Technologies (BOM:517536) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹405.79, compared to a current price of ₹283.55 — trading 30.1% below its estimated fair value. The current PB Ratio is 2.51, which is 17% below median its 10-year median of 3.01 and 8.2% above the Software industry median of 2.32. Onward Technologies' overall GF Score™ is 82/100 with 1 warning sign 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 Onward Technologies (BOM:517536), the current PB Ratio is 2.51 as of Jun. 27, 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 Onward Technologies (BOM:517536) Overvalued in 2026?
Based on GuruFocus' analysis, Onward Technologies stock appears to be undervalued.
The current stock price of ₹283.55 is trading 30.1% below its estimated GF Value™ of ₹405.79.
GuruFocus considers Onward Technologies to be Significantly Undervalued.
Key valuation signals for BOM:517536:
PB Ratio: 2.51 (17% below median its 10-year median of 3.01)
GF Value™: ₹405.79 vs. price of ₹283.55 (30.1% below fair value)
Industry Position: 8.2% above the Software median (#1400 of 2624)
No single metric tells the full story. See the BOM:517536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onward Technologies Ltd is an Indian company that is engaged in software development, testing, and integration for partner industries of the future. Its services are Digital Services, Embedded Products & Systems, and Mechanical Product Engineering. Its industries include Automotive, Renewables, Hydro Energy, Construction, Agricultural and Mining Equipment, Rail Transportation, and others. It has one operating segment which is ER&D (Engineering, Research and Development) service and digital services. The majority of the company's revenue comes from India. It also operates outside India.
82GF Score
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