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HPL Electric & PowerBOM:540136 -1.19%78 PB Ratio is 2.05 as of Aug. 14, 2026, which is 136% above its 10-year median of 0.87. GuruFocus rates BOM:540136 with a GF Score™ of 78/100 and a GF Value™ of ₹481.49 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,980 Industrial Products companies, HPL Electric & Power ranks better than 53.36% on this metric.
The historical rank and industry rank for HPL Electric & Power's PB Ratio or its related term are showing as below:
BOM:540136'
s PB Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.87 Max: 4.42
Current: 2.04
During the past 12 years, HPL Electric & Power's highest PB Ratio was 4.42. The lowest was 0.19. And the median was 0.87.
BOM:540136's PB Ratio is ranked better than 53.36% of 2980
companies
in the Industrial Products industry
Industry Median: 2.215
vs BOM:540136: 2.04
During the past 12 months, HPL Electric & Power's average Book Value Per Share Growth Rate was 9.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of HPL Electric & Power was 17.20% per year. The lowest was 1.60% per year. And the median was 3.00% 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.
HPL Electric & Power PB Ratio Related Terms
HPL Electric & Power PB Ratio Historical Data
* Premium members only.
The historical data trend for HPL Electric & Power'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 Electrical Equipment & Parts subindustry, HPL Electric & Power'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.
HPL Electric & Power PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HPL Electric & Power's PB Ratio distribution charts can be found below:
* The bar in red indicates where HPL Electric & Power'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.
HPL Electric & Power (BOM:540136) has a PB Ratio of 2.05 as of Aug. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HPL Electric & Power and its competitors. This is 136% above median its historical median of 0.87. Over the past decade, HPL Electric & Power's PB Ratio has ranged from 0.19 to 4.42. According to the industry distribution chart, HPL Electric & Power ranks #1390 out of 2980 companies in the Industrial Products industry, placing it in the top 46.6%.
Is HPL Electric & Power's PB Ratio too high?
HPL Electric & Power's current PB Ratio of 2.05 is 136% above median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 4.42. The Industrial Products industry median PB Ratio is 2.22. HPL Electric & Power's value of 2.05 is 7.4% below this industry median. Based on the distribution chart, HPL Electric & Power ranks #1390 out of 2980 companies in the Industrial Products industry, which is above the industry midpoint. Overall, HPL Electric & Power has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HPL Electric & Power's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, HPL Electric & Power ranks #1390 out of 2980 companies for PB Ratio. This puts HPL Electric & Power in the upper half of its industry. The industry median PB Ratio is 2.22. HPL Electric & Power's value of 2.05 is 7.4% below this benchmark. Historically, HPL Electric & Power's own PB Ratio has ranged from 0.19 to 4.42 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 2.22, HPL Electric & Power 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.22, based on 2,980 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. HPL Electric & Power's current PB Ratio of 2.05 is 7.4% 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 HPL Electric & Power and its competitors. For the Industrial Products industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HPL Electric & Power's current PB Ratio is 2.05, which is 136% above median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HPL Electric & Power stock overvalued right now?
Based on GuruFocus' analysis, HPL Electric & Power (BOM:540136) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹481.49, compared to a current price of ₹318.60 — trading 33.8% below its estimated fair value. The current PB Ratio is 2.05, which is 136% above median its 10-year median of 0.87 and 7.4% below the Industrial Products industry median of 2.22. HPL Electric & Power's overall GF Score™ is 78/100 with 3 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 HPL Electric & Power (BOM:540136), the current PB Ratio is 2.05 as of Aug. 14, 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 HPL Electric & Power (BOM:540136) Overvalued in 2026?
Based on GuruFocus' analysis, HPL Electric & Power stock appears to be undervalued.
The current stock price of ₹318.60 is trading 33.8% below its estimated GF Value™ of ₹481.49.
GuruFocus considers HPL Electric & Power to be Significantly Undervalued.
Key valuation signals for BOM:540136:
PB Ratio: 2.05 (136% above median its 10-year median of 0.87)
GF Value™: ₹481.49 vs. price of ₹318.60 (33.8% below fair value)
Industry Position: 7.4% below the Industrial Products median (#1390 of 2980)
No single metric tells the full story. See the BOM:540136 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HPL Electric & Power Ltd is an Indian company engaged in manufacturing electric equipment across the key verticals: Metering, Switchgear, Lighting and Electronics, and Cables. The company operates in two segments: Metering, systems & services, and Consumer, Industrial & services. It derives key revenue from the Metering, Systems & Services segment. The product portfolio includes digital panel meters, smart Meters, Net Meters for Solar Rooftops, Prepaid Metering Solutions, Ebrit Digital Panel Meters, cordless chimes, and Trivector Meters. Geographically, the majority of its revenue is generated in India.
78GF Score
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