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Gagan GasesBOM:524624 +4.97%79 PB Ratio is 2.68 as of Aug. 21, 2026, which is 17% below its 10-year median of 3.23. GuruFocus rates BOM:524624 with a GF Score™ of 79/100 and a GF Value™ of ₹31.44 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 935 Oil & Gas companies, Gagan Gases ranks worse than 73.8% 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 (2026-08-21), Gagan Gases's share price is ₹20.49. Gagan Gases's Book Value per Share for the quarter that ended in Jun. 2026 was ₹7.64. Hence, Gagan Gases's PB Ratio of today is 2.68.
The historical rank and industry rank for Gagan Gases's PB Ratio or its related term are showing as below:
BOM:524624'
s PB Ratio Range Over the Past 10 Years
Min: 1.64 Med: 3.23 Max: 9.71
Current: 2.56
During the past 13 years, Gagan Gases's highest PB Ratio was 9.71. The lowest was 1.64. And the median was 3.23.
BOM:524624's PB Ratio is ranked worse than 73.8% of 935
companies
in the Oil & Gas industry
Industry Median: 1.5
vs BOM:524624: 2.56
During the past 12 months, Gagan Gases's average Book Value Per Share Growth Rate was 4.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 30.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Gagan Gases was 43.60% per year. The lowest was -27.00% per year. And the median was 5.45% 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.
Gagan Gases PB Ratio Related Terms
Gagan Gases PB Ratio Historical Data
* Premium members only.
The historical data trend for Gagan Gases'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 Oil & Gas Refining & Marketing subindustry, Gagan Gases'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.
Gagan Gases PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Gagan Gases's PB Ratio distribution charts can be found below:
* The bar in red indicates where Gagan Gases'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.
Gagan Gases'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.
Gagan Gases (BOM:524624) has a PB Ratio of 2.68 as of Aug. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Gagan Gases and its competitors. This is 17% below median its historical median of 3.23. Over the past decade, Gagan Gases' PB Ratio has ranged from 1.64 to 9.71. According to the industry distribution chart, Gagan Gases ranks #690 out of 935 companies in the Oil & Gas industry, placing it in the top 73.8%.
Is Gagan Gases' PB Ratio too high?
Gagan Gases' current PB Ratio of 2.68 is 17% below median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 9.71. The Oil & Gas industry median PB Ratio is 1.50. Gagan Gases' value of 2.68 is 78.7% above this industry median. Based on the distribution chart, Gagan Gases ranks #690 out of 935 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Gagan Gases has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gagan Gases' PB Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Gagan Gases ranks #690 out of 935 companies for PB Ratio. This places Gagan Gases in the lower half of its industry. The industry median PB Ratio is 1.50. Gagan Gases' value of 2.68 is 78.7% above this benchmark. Historically, Gagan Gases' own PB Ratio has ranged from 1.64 to 9.71 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 1.50, Gagan Gases 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 an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.50, based on 935 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. Gagan Gases's current PB Ratio of 2.68 is 78.7% 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 Gagan Gases and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gagan Gases's current PB Ratio is 2.68, which is 17% below median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gagan Gases stock overvalued right now?
Based on GuruFocus' analysis, Gagan Gases (BOM:524624) is currently considered Possible Value Trap. The stock's GF Value™ is ₹31.44, compared to a current price of ₹20.49 — trading 34.8% below its estimated fair value. The current PB Ratio is 2.68, which is 17% below median its 10-year median of 3.23 and 78.7% above the Oil & Gas industry median of 1.50. Gagan Gases' overall GF Score™ is 79/100 with 5 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 Gagan Gases (BOM:524624), the current PB Ratio is 2.68 as of Aug. 21, 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 Gagan Gases (BOM:524624) Overvalued in 2026?
Based on GuruFocus' analysis, Gagan Gases stock appears to be undervalued.
The current stock price of ₹20.49 is trading 34.8% below its estimated GF Value™ of ₹31.44.
GuruFocus considers Gagan Gases to be Possible Value Trap.
Key valuation signals for BOM:524624:
PB Ratio: 2.68 (17% below median its 10-year median of 3.23)
GF Value™: ₹31.44 vs. price of ₹20.49 (34.8% below fair value)
Industry Position: 78.7% above the Oil & Gas median (#690 of 935)
No single metric tells the full story. See the BOM:524624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gagan Gases Ltd is an India-based company engaged in the distribution of LPG in the private sector and operates a LPG bottling plant at Pithampur. It is also engaged in providing LPG bottling assistance to other companies.
79GF Score
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