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Associated CeramicsBOM:531168 +2.35%63 PB Ratio is 1.28 as of Aug. 23, 2026, which is 457% above its 10-year median of 0.23. GuruFocus rates BOM:531168 with a GF Score™ of 63/100 and a GF Value™ of ₹227.06 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 399 Building Materials companies, Associated Ceramics ranks worse than 55.14% on this metric.
Associated Ceramics Ltd stock PB Ratio (=1.28) is close to 3-year low of 1.28.
The historical rank and industry rank for Associated Ceramics's PB Ratio or its related term are showing as below:
BOM:531168'
s PB Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.23 Max: 5.19
Current: 1.28
During the past 13 years, Associated Ceramics's highest PB Ratio was 5.19. The lowest was 0.07. And the median was 0.23.
BOM:531168's PB Ratio is ranked worse than 55.14% of 399
companies
in the Building Materials industry
Industry Median: 1.18
vs BOM:531168: 1.28
During the past 12 months, Associated Ceramics's average Book Value Per Share Growth Rate was 9.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Associated Ceramics was 33.50% per year. The lowest was -21.30% per year. And the median was 7.70% 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.
Associated Ceramics PB Ratio Related Terms
Associated Ceramics PB Ratio Historical Data
* Premium members only.
The historical data trend for Associated Ceramics'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 Building Materials subindustry, Associated Ceramics'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.
Associated Ceramics PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Associated Ceramics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Associated Ceramics'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.
Associated Ceramics (BOM:531168) has a PB Ratio of 1.28 as of Aug. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Associated Ceramics and its competitors. This is 457% above median its historical median of 0.23. Over the past decade, Associated Ceramics' PB Ratio has ranged from 0.07 to 5.19. According to the industry distribution chart, Associated Ceramics ranks #220 out of 399 companies in the Building Materials industry, placing it in the top 55.1%.
Is Associated Ceramics' PB Ratio too high?
Associated Ceramics' current PB Ratio of 1.28 is 457% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 5.19. The Building Materials industry median PB Ratio is 1.18. Associated Ceramics' value of 1.28 is 8.5% above this industry median. Based on the distribution chart, Associated Ceramics ranks #220 out of 399 companies in the Building Materials industry, which is below the industry midpoint. Overall, Associated Ceramics has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Associated Ceramics' PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Associated Ceramics ranks #220 out of 399 companies for PB Ratio. This places Associated Ceramics in the lower half of its industry. The industry median PB Ratio is 1.18. Associated Ceramics' value of 1.28 is 8.5% above this benchmark. Historically, Associated Ceramics' own PB Ratio has ranged from 0.07 to 5.19 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 1.18, Associated Ceramics 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 Building Materials company?
The median PB Ratio among Building Materials companies is 1.18, based on 399 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. Associated Ceramics's current PB Ratio of 1.28 is 8.5% 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 Associated Ceramics and its competitors. For the Building Materials industry, the median PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Ceramics's current PB Ratio is 1.28, which is 457% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Ceramics stock overvalued right now?
Based on GuruFocus' analysis, Associated Ceramics (BOM:531168) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹227.06, compared to a current price of ₹161.00 — trading 29.1% below its estimated fair value. The current PB Ratio is 1.28, which is 457% above median its 10-year median of 0.23 and 8.5% above the Building Materials industry median of 1.18. Associated Ceramics' overall GF Score™ is 63/100 with 4 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 Associated Ceramics (BOM:531168), the current PB Ratio is 1.28 as of Aug. 23, 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 Associated Ceramics (BOM:531168) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Ceramics stock appears to be undervalued.
The current stock price of ₹161.00 is trading 29.1% below its estimated GF Value™ of ₹227.06.
GuruFocus considers Associated Ceramics to be Modestly Undervalued.
Key valuation signals for BOM:531168:
PB Ratio: 1.28 (457% above median its 10-year median of 0.23)
GF Value™: ₹227.06 vs. price of ₹161.00 (29.1% below fair value)
Industry Position: 8.5% above the Building Materials median (#220 of 399)
No single metric tells the full story. See the BOM:531168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Ceramics Ltd is mainly engaged in the manufacture and sale of refractory items. The company is involved in refractory and pottery work, the buying and selling of minerals and mineral products, and trading in cement, lime, and stone. It operates in two segments: refractory items and solar energy. The majority of its revenue comes from refractory items.
63GF Score
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