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Surana SolarBOM:533298 -1.36%51 PB Ratio is 2.23 as of Aug. 17, 2026, which is 23% above its 10-year median of 1.82. GuruFocus rates BOM:533298 with a GF Score™ of 51/100 and a GF Value™ of ₹11.35 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,001 Semiconductors companies, Surana Solar ranks better than 65.33% 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 (2026-08-17), Surana Solar's share price is ₹25.44. Surana Solar's Book Value per Share for the fiscal year that ended in Mar. 2025 was ₹11.40. Hence, Surana Solar's PB Ratio of today is 2.23.
Good Sign:
Surana Solar Ltd stock PB Ratio (=2.23) is close to 2-year low of 2.23.
The historical rank and industry rank for Surana Solar's PB Ratio or its related term are showing as below:
BOM:533298'
s PB Ratio Range Over the Past 10 Years
Min: 0.48 Med: 1.82 Max: 5.39
Current: 2.23
During the past 13 years, Surana Solar's highest PB Ratio was 5.39. The lowest was 0.48. And the median was 1.82.
BOM:533298's PB Ratio is ranked better than 65.33% of 1001
companies
in the Semiconductors industry
Industry Median: 3.43
vs BOM:533298: 2.23
During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Surana Solar was 124.40% per year. The lowest was -19.90% per year. And the median was 2.00% 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.
Surana Solar PB Ratio Related Terms
Surana Solar PB Ratio Historical Data
* Premium members only.
The historical data trend for Surana Solar'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.
BOM:533298 vs FSLR, NXT, ENPH: PB Ratio Comparison
For the Solar subindustry, Surana Solar'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.
Surana Solar PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Surana Solar's PB Ratio distribution charts can be found below:
* The bar in red indicates where Surana Solar'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.
Surana Solar'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.
Surana Solar (BOM:533298) has a PB Ratio of 2.23 as of Aug. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Surana Solar and its competitors. This is 23% above median its historical median of 1.82. Over the past decade, Surana Solar's PB Ratio has ranged from 0.48 to 5.39. According to the industry distribution chart, Surana Solar ranks #347 out of 1001 companies in the Semiconductors industry, placing it in the top 34.7%.
Is Surana Solar's PB Ratio too high?
Surana Solar's current PB Ratio of 2.23 is 23% above median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 5.39. The Semiconductors industry median PB Ratio is 3.43. Surana Solar's value of 2.23 is 35% below this industry median. Based on the distribution chart, Surana Solar ranks #347 out of 1001 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Surana Solar has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surana Solar's PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Surana Solar ranks #347 out of 1001 companies for PB Ratio. This puts Surana Solar in the upper half of its industry. The industry median PB Ratio is 3.43. Surana Solar's value of 2.23 is 35% below this benchmark. Historically, Surana Solar's own PB Ratio has ranged from 0.48 to 5.39 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 3.43, Surana Solar has consistently been below 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.43, based on 1,001 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. Surana Solar's current PB Ratio of 2.23 is 35% below 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 Surana Solar and its competitors. For the Semiconductors industry, the median PB Ratio is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surana Solar's current PB Ratio is 2.23, which is 23% above median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surana Solar stock overvalued right now?
Based on GuruFocus' analysis, Surana Solar (BOM:533298) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹11.35, compared to a current price of ₹25.44 — trading 124.1% above its estimated fair value. The current PB Ratio is 2.23, which is 23% above median its 10-year median of 1.82 and 35% below the Semiconductors industry median of 3.43. Surana Solar's overall GF Score™ is 51/100 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 Surana Solar (BOM:533298), the current PB Ratio is 2.23 as of Aug. 17, 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 Surana Solar (BOM:533298) Overvalued in 2026?
Based on GuruFocus' analysis, Surana Solar stock appears to be overvalued.
The current stock price of ₹25.44 is trading 124.1% above its estimated GF Value™ of ₹11.35.
GuruFocus considers Surana Solar to be Significantly Overvalued.
Key valuation signals for BOM:533298:
PB Ratio: 2.23 (23% above median its 10-year median of 1.82)
GF Value™: ₹11.35 vs. price of ₹25.44 (124.1% above fair value)
Industry Position: 35% below the Semiconductors median (#347 of 1001)
No single metric tells the full story. See the BOM:533298 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Surana Solar Ltd is engaged in the business of manufacturing solar panels/photovoltaic (PV) cells. The company is also engaged in the generation of wind power energy and the trading of other solar-related products. It operates through the following reportable segments: Solar Products, Trading and others, and Renewable Energy (Solar). The majority of the company's revenue is derived from the Solar and Traded products business, which involves the manufacturing and trading of Solar Photovoltaic (SPV) Modules and other related products. The Renewable Energy segment represents revenue derived from the generation of solar and wind power.
51GF Score
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