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Kalyan Jewellers IndiaBOM:543278 +1.39%90 PB Ratio is 9.88 as of Aug. 22, 2026, which is 149% above its 10-year median of 3.97. GuruFocus rates BOM:543278 with a GF Score™ of 90/100 and a GF Value™ of ₹832.65 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,078 Retail - Cyclical companies, Kalyan Jewellers India ranks worse than 93.04% on this metric.
Kalyan Jewellers India Ltd stock PB Ratio (=9.88) is close to 1-year high of 9.91.
The historical rank and industry rank for Kalyan Jewellers India's PB Ratio or its related term are showing as below:
BOM:543278'
s PB Ratio Range Over the Past 10 Years
Min: 1.87 Med: 3.97 Max: 17.68
Current: 9.88
During the past 9 years, Kalyan Jewellers India's highest PB Ratio was 17.68. The lowest was 1.87. And the median was 3.97.
BOM:543278's PB Ratio is ranked worse than 93.04% of 1078
companies
in the Retail - Cyclical industry
Industry Median: 1.45
vs BOM:543278: 9.88
During the past 12 months, Kalyan Jewellers India's average Book Value Per Share Growth Rate was 31.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 20.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.70% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Kalyan Jewellers India was 20.10% per year. The lowest was 7.50% per year. And the median was 13.60% 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.
* 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 Luxury Goods subindustry, Kalyan Jewellers India'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.
Kalyan Jewellers India PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Kalyan Jewellers India's PB Ratio distribution charts can be found below:
* The bar in red indicates where Kalyan Jewellers India'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.
Kalyan Jewellers India (BOM:543278) has a PB Ratio of 9.88 as of Aug. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Kalyan Jewellers India and its competitors. This is 149% above median its historical median of 3.97. Over the past decade, Kalyan Jewellers India's PB Ratio has ranged from 1.87 to 17.68. According to the industry distribution chart, Kalyan Jewellers India ranks #1003 out of 1078 companies in the Retail - Cyclical industry, placing it in the top 93%.
Is Kalyan Jewellers India's PB Ratio too high?
Kalyan Jewellers India's current PB Ratio of 9.88 is 149% above median its 10-year median of 3.97. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 17.68. The Retail - Cyclical industry median PB Ratio is 1.45. Kalyan Jewellers India's value of 9.88 is 581.4% above this industry median. Based on the distribution chart, Kalyan Jewellers India ranks #1003 out of 1078 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Kalyan Jewellers India has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kalyan Jewellers India's PB Ratio compare to TPR?
According to the Retail - Cyclical industry distribution chart, Kalyan Jewellers India ranks #1003 out of 1078 companies for PB Ratio. This places Kalyan Jewellers India in the lower half of its industry. The industry median PB Ratio is 1.45. Kalyan Jewellers India's value of 9.88 is 581.4% above this benchmark. Historically, Kalyan Jewellers India's own PB Ratio has ranged from 1.87 to 17.68 over the past decade. While the company's 10-year median is 3.97 vs. the industry median of 1.45, Kalyan Jewellers India 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 Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.45, based on 1,078 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. Kalyan Jewellers India's current PB Ratio of 9.88 is 581.4% 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 Kalyan Jewellers India and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kalyan Jewellers India's current PB Ratio is 9.88, which is 149% above median its own 10-year median of 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalyan Jewellers India stock overvalued right now?
Based on GuruFocus' analysis, Kalyan Jewellers India (BOM:543278) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹832.65, compared to a current price of ₹603.35 — trading 27.5% below its estimated fair value. The current PB Ratio is 9.88, which is 149% above median its 10-year median of 3.97 and 581.4% above the Retail - Cyclical industry median of 1.45. Kalyan Jewellers India's overall GF Score™ is 90/100 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 Kalyan Jewellers India (BOM:543278), the current PB Ratio is 9.88 as of Aug. 22, 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 Kalyan Jewellers India (BOM:543278) Overvalued in 2026?
Based on GuruFocus' analysis, Kalyan Jewellers India stock appears to be undervalued.
The current stock price of ₹603.35 is trading 27.5% below its estimated GF Value™ of ₹832.65.
GuruFocus considers Kalyan Jewellers India to be Modestly Undervalued.
Key valuation signals for BOM:543278:
PB Ratio: 9.88 (149% above median its 10-year median of 3.97)
GF Value™: ₹832.65 vs. price of ₹603.35 (27.5% below fair value)
Industry Position: 581.4% above the Retail - Cyclical median (#1003 of 1078)
No single metric tells the full story. See the BOM:543278 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalyan Jewellers India Ltd is a Jewellery company. The business activities of the company are to design, manufacture, and sell a variety of gold, studded and other jewellery products for various occasions such as weddings, festivals and others. It operates in a single segment namely the jewellery business.
90GF Score
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