Sayaji Industries (BOM:540728) PB Ratio: 3.29 (As of Aug. 17, 2026) — 135% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BOM:540728 Sayaji Industries Ltd BOM:540728
50 GF Score
Price ₹120.60
GF Value ₹66.79
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Sayaji Industries PB Ratio?

Sayaji Industries BOM:540728 -1.15% 50 PB Ratio is 3.29 as of Aug. 17, 2026, which is 135% above its 10-year median of 1.40. GuruFocus rates BOM:540728 with a GF Score™ of 50/100 and a GF Value™ of ₹66.79 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,902 Consumer Packaged Goods companies, Sayaji Industries ranks worse than 81.7% 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), Sayaji Industries's share price is ₹120.60. Sayaji Industries's Book Value per Share for the quarter that ended in Jun. 2026 was ₹36.67. Hence, Sayaji Industries's PB Ratio of today is 3.29.

The historical rank and industry rank for Sayaji Industries's PB Ratio or its related term are showing as below:

BOM:540728' s PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.4   Max: 4.03
Current: 3.29

During the past 13 years, Sayaji Industries's highest PB Ratio was 4.03. The lowest was 0.70. And the median was 1.40.

BOM:540728's PB Ratio is ranked worse than
81.7% of 1902 companies
in the Consumer Packaged Goods industry
Industry Median: 1.405 vs BOM:540728: 3.29

During the past 12 months, Sayaji Industries's average Book Value Per Share Growth Rate was 1.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -7.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sayaji Industries was 18.30% per year. The lowest was -7.10% per year. And the median was 12.90% per year.

Back to Basics: PB Ratio


Sayaji Industries  (BOM:540728) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Sayaji Industries PB Ratio Related Terms


Sayaji Industries PB Ratio Historical Data

* Premium members only.

The historical data trend for Sayaji 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.

Sayaji Industries PB Ratio Chart

Sayaji Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 0.89 1.04 2.00 2.48

Sayaji Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 2.40 0.00 2.48 0.00

BOM:540728 vs ADM, BG, TSN: PB Ratio Comparison

For the Farm Products subindustry, Sayaji 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.


Sayaji Industries PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sayaji Industries's PB Ratio distribution charts can be found below:

* The bar in red indicates where Sayaji Industries's PB Ratio falls into.


BOM:540728
50GF Score
Sayaji Industries Ltd BOM:540728
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sayaji Industries PB Ratio Calculation

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.

Sayaji Industries's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=120.60/36.667
=3.29

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 3.29 mean?
Sayaji Industries (BOM:540728) has a PB Ratio of 3.29 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 Sayaji Industries and its competitors. This is 135% above median its historical median of 1.40. Over the past decade, Sayaji Industries' PB Ratio has ranged from 0.70 to 4.03. According to the industry distribution chart, Sayaji Industries ranks #1554 out of 1902 companies in the Consumer Packaged Goods industry, placing it in the top 81.7%.
Is Sayaji Industries' PB Ratio too high?
Sayaji Industries' current PB Ratio of 3.29 is 135% above median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 4.03. The Consumer Packaged Goods industry median PB Ratio is 1.41. Sayaji Industries' value of 3.29 is 134.2% above this industry median. Based on the distribution chart, Sayaji Industries ranks #1554 out of 1902 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Sayaji Industries has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sayaji Industries' PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Sayaji Industries ranks #1554 out of 1902 companies for PB Ratio. This places Sayaji Industries in the lower half of its industry. The industry median PB Ratio is 1.41. Sayaji Industries' value of 3.29 is 134.2% above this benchmark. Historically, Sayaji Industries' own PB Ratio has ranged from 0.70 to 4.03 over the past decade. While the company's 10-year median is 1.40 vs. the industry median of 1.41, Sayaji Industries 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 Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.41, based on 1,902 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. Sayaji Industries's current PB Ratio of 3.29 is 134.2% 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 Sayaji Industries and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sayaji Industries's current PB Ratio is 3.29, which is 135% above median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sayaji Industries stock overvalued right now?
Based on GuruFocus' analysis, Sayaji Industries (BOM:540728) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹66.79, compared to a current price of ₹120.60 — trading 80.6% above its estimated fair value. The current PB Ratio is 3.29, which is 135% above median its 10-year median of 1.40 and 134.2% above the Consumer Packaged Goods industry median of 1.41. Sayaji Industries' overall GF Score™ is 50/100 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 Sayaji Industries (BOM:540728), the current PB Ratio is 3.29 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 Sayaji Industries (BOM:540728) Overvalued in 2026?

Based on GuruFocus' analysis, Sayaji Industries stock appears to be overvalued. The current stock price of ₹120.60 is trading 80.6% above its estimated GF Value™ of ₹66.79. GuruFocus considers Sayaji Industries to be Significantly Overvalued.

Key valuation signals for BOM:540728:

  • PB Ratio: 3.29 (135% above median its 10-year median of 1.40)
  • GF Value™: ₹66.79 vs. price of ₹120.60 (80.6% above fair value)
  • GF Score™: 50/100 with 4 warning signs
  • Industry Position: 134.2% above the Consumer Packaged Goods median (#1554 of 1902)

No single metric tells the full story. See the BOM:540728 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sayaji Industries Business Description

Address Ambli-Bopal Road, 2nd Floor, ONE42, North Tower, Ahmedabad, GJ, IND, 380058
Sayaji Industries Ltd is an India-based company. The company is engaged in the manufacturing of starches and their derivatives like Liquid Glucose, Dextrose Monohydrate, Dextrose Anhydrous, Sorbitol, and its by-products like Maize Oil, Maize Gluten. The reporting segments of the company are agro processing-maize, agri seeds, and spray-dried food products. The company is also engaged in the manufacturing of caramel color, spray drying of fruits and vegetable powder, and processing and selling of seeds. The company caters its products to the textile, pharmaceutical, foods, and beverages industries, paper and packaging, confectionery, soaps, detergent industries, seeds industries., and other related industries.
50GF Score

Get the complete analysis for BOM:540728

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹120.60
Price
₹66.79
GF Value