Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
New Light IndustriesBOM:540243 +16.80%38 PB Ratio is 0.86 as of Jul. 16, 2026, which is 56% below its 10-year median of 1.95. GuruFocus rates BOM:540243 with a GF Score™ of 38/100 and a GF Value™ of ₹0.58 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,000 Manufacturing - Apparel & Accessories companies, New Light Industries ranks better than 65.1% on this metric.
During the past 12 months, New Light Industries's average Book Value Per Share Growth Rate was 2.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 29.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of New Light Industries was 29.10% per year. The lowest was -23.60% per year. And the median was 3.00% per year.
Back to Basics: PB Ratio
New Light Industries (BOM:540243) PB Ratio Explanation
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.
New Light Industries PB Ratio Related Terms
New Light Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for New Light Industries'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 Apparel Manufacturing subindustry, New Light Industries'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.
New Light Industries PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, New Light Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where New Light Industries'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.
New Light Industries (BOM:540243) has a PB Ratio of 0.86 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on New Light Industries and its competitors. This is 56% below median its historical median of 1.95. Over the past decade, New Light Industries' PB Ratio has ranged from 0.73 to 8.55. According to the industry distribution chart, New Light Industries ranks #349 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 34.9%.
Is New Light Industries' PB Ratio too high?
New Light Industries' current PB Ratio of 0.86 is 56% below median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 8.55. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.09. New Light Industries' value of 0.86 is 21.1% below this industry median. Based on the distribution chart, New Light Industries ranks #349 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, New Light Industries has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Light Industries' PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, New Light Industries ranks #349 out of 1000 companies for PB Ratio. This puts New Light Industries in the upper half of its industry. The industry median PB Ratio is 1.09. New Light Industries' value of 0.86 is 21.1% below this benchmark. Historically, New Light Industries' own PB Ratio has ranged from 0.73 to 8.55 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 1.09, New Light Industries 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.09, based on 1,000 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. New Light Industries's current PB Ratio of 0.86 is 21.1% 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 New Light Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Light Industries's current PB Ratio is 0.86, which is 56% below median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Light Industries stock overvalued right now?
Based on GuruFocus' analysis, New Light Industries (BOM:540243) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.58, compared to a current price of ₹1.46 — trading 151.7% above its estimated fair value. The current PB Ratio is 0.86, which is 56% below median its 10-year median of 1.95 and 21.1% below the Manufacturing - Apparel & Accessories industry median of 1.09. New Light Industries' overall GF Score™ is 38/100 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 New Light Industries (BOM:540243), the current PB Ratio is 0.86 as of Jul. 16, 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 New Light Industries (BOM:540243) Overvalued in 2026?
Based on GuruFocus' analysis, New Light Industries stock appears to be overvalued.
The current stock price of ₹1.46 is trading 151.7% above its estimated GF Value™ of ₹0.58.
GuruFocus considers New Light Industries to be Significantly Overvalued.
Key valuation signals for BOM:540243:
PB Ratio: 0.86 (56% below median its 10-year median of 1.95)
GF Value™: ₹0.58 vs. price of ₹1.46 (151.7% above fair value)
Industry Position: 21.1% below the Manufacturing - Apparel & Accessories median (#349 of 1000)
No single metric tells the full story. See the BOM:540243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Light Industries Ltd deals in school uniforms, Center and State government education programs and their sponsorship programs, The Company also deals in Corporate and private dress materials and other textile materials. The majority of revenue is generated from the sale of trading goods.
38GF Score
Get the complete analysis for BOM:540243
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:540243 has been successfully added to your 
