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Waa SolarBOM:541445 +0.47%67 PB Ratio is 0.32 as of Aug. 17, 2026, which is 3% below its 10-year median of 0.33. GuruFocus rates BOM:541445 with a GF Score™ of 67/100 and a GF Value™ of ₹70.59 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, Waa Solar ranks better than 92.43% 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), Waa Solar's share price is ₹45.20. Waa Solar's Book Value per Share for the quarter that ended in Mar. 2026 was ₹139.16. Hence, Waa Solar's PB Ratio of today is 0.32.
Good Sign:
Waa Solar Ltd stock PB Ratio (=0.32) is close to 3-year low of 0.31.
The historical rank and industry rank for Waa Solar's PB Ratio or its related term are showing as below:
BOM:541445'
s PB Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.33 Max: 1.73
Current: 0.32
During the past 13 years, Waa Solar's highest PB Ratio was 1.73. The lowest was 0.06. And the median was 0.33.
During the past 12 months, Waa Solar'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 0.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Waa Solar was 19.00% per year. The lowest was 0.80% per year. And the median was 10.90% 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.
Waa Solar PB Ratio Related Terms
Waa Solar PB Ratio Historical Data
* Premium members only.
The historical data trend for Waa 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.
For the Utilities - Renewable subindustry, Waa 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.
Waa Solar PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Waa Solar's PB Ratio distribution charts can be found below:
* The bar in red indicates where Waa 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.
Waa 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.
Waa Solar (BOM:541445) has a PB Ratio of 0.32 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 Waa Solar and its competitors. This is near median its historical median of 0.33. Over the past decade, Waa Solar's PB Ratio has ranged from 0.06 to 1.73. According to the industry distribution chart, Waa Solar ranks #33 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 7.6%.
Is Waa Solar's PB Ratio too high?
Waa Solar's current PB Ratio of 0.32 is near median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.73. The Utilities - Independent Power Producers industry median PB Ratio is 1.29. Waa Solar's value of 0.32 is 75.1% below this industry median. Based on the distribution chart, Waa Solar ranks #33 out of 436 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Waa Solar has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Waa Solar's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Waa Solar ranks #33 out of 436 companies for PB Ratio. This places Waa Solar in the top 8% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.29. Waa Solar's value of 0.32 is 75.1% below this benchmark. Historically, Waa Solar's own PB Ratio has ranged from 0.06 to 1.73 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 1.29, Waa 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 an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.29, based on 436 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. Waa Solar's current PB Ratio of 0.32 is 75.1% 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 Waa Solar and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waa Solar's current PB Ratio is 0.32, which is near median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waa Solar stock overvalued right now?
Based on GuruFocus' analysis, Waa Solar (BOM:541445) is currently considered Possible Value Trap. The stock's GF Value™ is ₹70.59, compared to a current price of ₹45.20 — trading 36% below its estimated fair value. The current PB Ratio is 0.32, which is near median its 10-year median of 0.33 and 75.1% below the Utilities - Independent Power Producers industry median of 1.29. Waa Solar's overall GF Score™ is 67/100 with 7 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 Waa Solar (BOM:541445), the current PB Ratio is 0.32 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 Waa Solar (BOM:541445) Overvalued in 2026?
Based on GuruFocus' analysis, Waa Solar stock appears to be undervalued.
The current stock price of ₹45.20 is trading 36% below its estimated GF Value™ of ₹70.59.
GuruFocus considers Waa Solar to be Possible Value Trap.
Key valuation signals for BOM:541445:
PB Ratio: 0.32 (near median its 10-year median of 0.33)
GF Value™: ₹70.59 vs. price of ₹45.20 (36% below fair value)
Industry Position: 75.1% below the Utilities - Independent Power Producers median (#33 of 436)
No single metric tells the full story. See the BOM:541445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waa Solar Ltd is an Indian firm engaged in solar power generation. The company is focused on the development of solar power projects through ground-mounted and rooftop solar installations. Its project portfolio comprises a 10.25 MW (DC) capacity of a ground-mounted Solar PV power project in Gujarat, a 100 KW solar project at Raja Bhoj Airport in Bhopal, and various 47.5 MW solar projects at different locations in Gujarat, among others.
67GF Score
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