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.
Rhetan TMTBOM:543590 +1.80%59 PB Ratio is 24.11 as of Aug. 06, 2026, which is 50% above its 10-year median of 16.02. GuruFocus rates BOM:543590 with a GF Score™ of 59/100 and a GF Value™ of ₹7.52 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 610 Steel companies, Rhetan TMT ranks worse than 99.18% 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 (2026-08-06), Rhetan TMT's share price is ₹32.86. Rhetan TMT's Book Value per Share for the quarter that ended in Mar. 2026 was ₹1.36. Hence, Rhetan TMT's PB Ratio of today is 24.11.
Warning Sign:
Rhetan TMT Ltd stock PB Ratio (=20.76) is close to 3-year high of 22.52.
The historical rank and industry rank for Rhetan TMT's PB Ratio or its related term are showing as below:
BOM:543590'
s PB Ratio Range Over the Past 10 Years
Min: 7.18 Med: 16.02 Max: 22.91
Current: 22.91
During the past 7 years, Rhetan TMT's highest PB Ratio was 22.91. The lowest was 7.18. And the median was 16.02.
BOM:543590's PB Ratio is ranked worse than 99.18% of 610
companies
in the Steel industry
Industry Median: 0.97
vs BOM:543590: 22.91
During the past 12 months, Rhetan TMT's average Book Value Per Share Growth Rate was 15.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 64.10% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Rhetan TMT was 544.10% per year. The lowest was 8.40% per year. And the median was 91.60% 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.
Rhetan TMT PB Ratio Related Terms
Rhetan TMT PB Ratio Historical Data
* Premium members only.
The historical data trend for Rhetan TMT'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 Steel subindustry, Rhetan TMT'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.
Rhetan TMT PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Rhetan TMT's PB Ratio distribution charts can be found below:
* The bar in red indicates where Rhetan TMT'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.
Rhetan TMT'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.
Rhetan TMT (BOM:543590) has a PB Ratio of 24.11 as of Aug. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Rhetan TMT and its competitors. This is 50% above median its historical median of 16.02. Over the past decade, Rhetan TMT's PB Ratio has ranged from 7.18 to 22.91. According to the industry distribution chart, Rhetan TMT ranks #605 out of 610 companies in the Steel industry, placing it in the top 99.2%.
Is Rhetan TMT's PB Ratio too high?
Rhetan TMT's current PB Ratio of 24.11 is 50% above median its 10-year median of 16.02. Over the past 10 years, this metric has ranged from a low of 7.18 to a high of 22.91. The Steel industry median PB Ratio is 0.97. Rhetan TMT's value of 24.11 is 2385.6% above this industry median. Based on the distribution chart, Rhetan TMT ranks #605 out of 610 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Rhetan TMT has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rhetan TMT's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Rhetan TMT ranks #605 out of 610 companies for PB Ratio. This places Rhetan TMT in the lower half of its industry. The industry median PB Ratio is 0.97. Rhetan TMT's value of 24.11 is 2385.6% above this benchmark. Historically, Rhetan TMT's own PB Ratio has ranged from 7.18 to 22.91 over the past decade. While the company's 10-year median is 16.02 vs. the industry median of 0.97, Rhetan TMT 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 Steel company?
The median PB Ratio among Steel companies is 0.97, based on 610 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. Rhetan TMT's current PB Ratio of 24.11 is 2385.6% 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 Rhetan TMT and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rhetan TMT's current PB Ratio is 24.11, which is 50% above median its own 10-year median of 16.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rhetan TMT stock overvalued right now?
Based on GuruFocus' analysis, Rhetan TMT (BOM:543590) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹7.52, compared to a current price of ₹32.86 — trading 337% above its estimated fair value. The current PB Ratio is 24.11, which is 50% above median its 10-year median of 16.02 and 2385.6% above the Steel industry median of 0.97. Rhetan TMT's overall GF Score™ is 59/100 with 6 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 Rhetan TMT (BOM:543590), the current PB Ratio is 24.11 as of Aug. 06, 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 Rhetan TMT (BOM:543590) Overvalued in 2026?
Based on GuruFocus' analysis, Rhetan TMT stock appears to be overvalued.
The current stock price of ₹32.86 is trading 337% above its estimated GF Value™ of ₹7.52.
GuruFocus considers Rhetan TMT to be Significantly Overvalued.
Key valuation signals for BOM:543590:
PB Ratio: 24.11 (50% above median its 10-year median of 16.02)
GF Value™: ₹7.52 vs. price of ₹32.86 (337% above fair value)
Industry Position: 2385.6% above the Steel median (#605 of 610)
No single metric tells the full story. See the BOM:543590 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.
59GF Score
Get the complete analysis for BOM:543590
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:543590 has been successfully added to your 
