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Goyal AssociatesBOM:530663 32 PB Ratio is 1.08 as of Aug. 12, 2026, which is 73% below its 10-year median of 3.99. GuruFocus rates BOM:530663 with a GF Score™ of 32/100 and a GF Value™ of ₹0.43 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 526 Credit Services companies, Goyal Associates ranks worse than 50.95% 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 (2026-08-12), Goyal Associates's share price is ₹1.07. Goyal Associates's Book Value per Share for the quarter that ended in Mar. 2026 was ₹0.99. Hence, Goyal Associates's PB Ratio of today is 1.08.
Warning Sign:
Goyal Associates Ltd stock PB Ratio (=1.03) is close to 1-year high of 1.03.
The historical rank and industry rank for Goyal Associates's PB Ratio or its related term are showing as below:
BOM:530663'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 3.99 Max: 11.84
Current: 1.08
During the past 13 years, Goyal Associates's highest PB Ratio was 11.84. The lowest was 0.58. And the median was 3.99.
BOM:530663's PB Ratio is ranked worse than 50.95% of 526
companies
in the Credit Services industry
Industry Median: 1.06
vs BOM:530663: 1.08
During the past 12 months, Goyal Associates's average Book Value Per Share Growth Rate was -4.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Goyal Associates was 33.90% per year. The lowest was -16.90% per year. And the median was -4.50% 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.
Goyal Associates PB Ratio Related Terms
Goyal Associates PB Ratio Historical Data
* Premium members only.
The historical data trend for Goyal Associates'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 Credit Services subindustry, Goyal Associates'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.
Goyal Associates PB Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Goyal Associates's PB Ratio distribution charts can be found below:
* The bar in red indicates where Goyal Associates'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.
Goyal Associates (BOM:530663) has a PB Ratio of 1.08 as of Aug. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Goyal Associates and its competitors. This is 73% below median its historical median of 3.99. Over the past decade, Goyal Associates' PB Ratio has ranged from 0.58 to 11.84. According to the industry distribution chart, Goyal Associates ranks #268 out of 526 companies in the Credit Services industry, placing it in the top 51%.
Is Goyal Associates' PB Ratio too high?
Goyal Associates' current PB Ratio of 1.08 is 73% below median its 10-year median of 3.99. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 11.84. The Credit Services industry median PB Ratio is 1.06. Goyal Associates' value of 1.08 is 1.9% above this industry median. Based on the distribution chart, Goyal Associates ranks #268 out of 526 companies in the Credit Services industry, which is below the industry midpoint. Overall, Goyal Associates has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goyal Associates' PB Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Goyal Associates ranks #268 out of 526 companies for PB Ratio. This places Goyal Associates in the lower half of its industry. The industry median PB Ratio is 1.06. Goyal Associates' value of 1.08 is 1.9% above this benchmark. Historically, Goyal Associates' own PB Ratio has ranged from 0.58 to 11.84 over the past decade. While the company's 10-year median is 3.99 vs. the industry median of 1.06, Goyal Associates 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 Credit Services company?
The median PB Ratio among Credit Services companies is 1.06, based on 526 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. Goyal Associates's current PB Ratio of 1.08 is 1.9% 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 Goyal Associates and its competitors. For the Credit Services industry, the median PB Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goyal Associates's current PB Ratio is 1.08, which is 73% below median its own 10-year median of 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goyal Associates stock overvalued right now?
Based on GuruFocus' analysis, Goyal Associates (BOM:530663) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.43, compared to a current price of ₹1.07 — trading 148.8% above its estimated fair value. The current PB Ratio is 1.08, which is 73% below median its 10-year median of 3.99 and 1.9% above the Credit Services industry median of 1.06. Goyal Associates' overall GF Score™ is 32/100 with 7 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 Goyal Associates (BOM:530663), the current PB Ratio is 1.08 as of Aug. 12, 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 Goyal Associates (BOM:530663) Overvalued in 2026?
Based on GuruFocus' analysis, Goyal Associates stock appears to be overvalued.
The current stock price of ₹1.07 is trading 148.8% above its estimated GF Value™ of ₹0.43.
GuruFocus considers Goyal Associates to be Significantly Overvalued.
Key valuation signals for BOM:530663:
PB Ratio: 1.08 (73% below median its 10-year median of 3.99)
GF Value™: ₹0.43 vs. price of ₹1.07 (148.8% above fair value)
Industry Position: 1.9% above the Credit Services median (#268 of 526)
No single metric tells the full story. See the BOM:530663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goyal Associates Ltd is an India-based non-banking financial company. The company is classified as a non-deposit-taking company and is engaged mainly in Investment, financing activities, and other related services. The company generates its revenue from its operations. Geographically, it operates in India.
32GF Score
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