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.
ESAF Small Finance Bank Ltd stock PB Ratio (=1.21) is close to 3-year high of 1.32.
The historical rank and industry rank for ESAF Small Finance Bank's PB Ratio or its related term are showing as below:
BOM:544020'
s PB Ratio Range Over the Past 10 Years
Min: 0.67 Med: 0.85 Max: 1.32
Current: 1.21
During the past 10 years, ESAF Small Finance Bank's highest PB Ratio was 1.32. The lowest was 0.67. And the median was 0.85.
BOM:544020's PB Ratio is ranked worse than 53.76% of 1514
companies
in the Banks industry
Industry Median: 1.12
vs BOM:544020: 1.21
During the past 12 months, ESAF Small Finance Bank's average Book Value Per Share Growth Rate was -8.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.10% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of ESAF Small Finance Bank was 57.90% per year. The lowest was 1.30% per year. And the median was 16.50% 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.
ESAF Small Finance Bank PB Ratio Competitor Comparison
For the Banks - Regional subindustry, ESAF Small Finance Bank'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.
ESAF Small Finance Bank PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, ESAF Small Finance Bank's PB Ratio distribution charts can be found below:
* The bar in red indicates where ESAF Small Finance Bank'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.
ESAF Small Finance Bank (BOM:544020) has a PB Ratio of 1.21 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 ESAF Small Finance Bank and its competitors. This is 42% above median its historical median of 0.85. Over the past decade, ESAF Small Finance Bank's PB Ratio has ranged from 0.67 to 1.32. According to the industry distribution chart, ESAF Small Finance Bank ranks #814 out of 1514 companies in the Banks industry, placing it in the top 53.8%.
Is ESAF Small Finance Bank's PB Ratio too high?
ESAF Small Finance Bank's current PB Ratio of 1.21 is 42% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.32. The Banks industry median PB Ratio is 1.12. ESAF Small Finance Bank's value of 1.21 is 8% above this industry median. Based on the distribution chart, ESAF Small Finance Bank ranks #814 out of 1514 companies in the Banks industry, which is below the industry midpoint. Overall, ESAF Small Finance Bank has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ESAF Small Finance Bank's PB Ratio compare to competitors?
According to the Banks industry distribution chart, ESAF Small Finance Bank ranks #814 out of 1514 companies for PB Ratio. This places ESAF Small Finance Bank in the lower half of its industry. The industry median PB Ratio is 1.12. ESAF Small Finance Bank's value of 1.21 is 8% above this benchmark. Historically, ESAF Small Finance Bank's own PB Ratio has ranged from 0.67 to 1.32 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.12, ESAF Small Finance Bank 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 Banks company?
The median PB Ratio among Banks companies is 1.12, based on 1,514 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. ESAF Small Finance Bank's current PB Ratio of 1.21 is 8% 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 ESAF Small Finance Bank and its competitors. For the Banks industry, the median PB Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ESAF Small Finance Bank's current PB Ratio is 1.21, which is 42% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ESAF Small Finance Bank stock overvalued right now?
Based on GuruFocus' analysis, ESAF Small Finance Bank (BOM:544020) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹36.65, compared to a current price of ₹41.79 — trading 14% above its estimated fair value. The current PB Ratio is 1.21, which is 42% above median its 10-year median of 0.85 and 8% above the Banks industry median of 1.12. ESAF Small Finance Bank's overall GF Score™ is 49/100 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 ESAF Small Finance Bank (BOM:544020), the current PB Ratio is 1.21 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 ESAF Small Finance Bank (BOM:544020) Overvalued in 2026?
Based on GuruFocus' analysis, ESAF Small Finance Bank stock appears to be overvalued.
The current stock price of ₹41.79 is trading 14% above its estimated GF Value™ of ₹36.65.
GuruFocus considers ESAF Small Finance Bank to be Modestly Overvalued.
Key valuation signals for BOM:544020:
PB Ratio: 1.21 (42% above median its 10-year median of 0.85)
GF Value™: ₹36.65 vs. price of ₹41.79 (14% above fair value)
Industry Position: 8% above the Banks median (#814 of 1514)
No single metric tells the full story. See the BOM:544020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ESAF Small Finance Bank Ltd is one of the dominant small finance banks in India in terms of client base size, the yield on advances, Net Interest Margin, assets under management CAGR, total deposit CAGR, loan portfolio concentration in rural and semi-urban areas, and the ratio of microloan advances to gross advances. It delivers its products and services through its business correspondents, customer service centers (which are operated by its business correspondents), Branches, banking agents, ATMs, ATM cum debit cards, mobile banking platforms, SMS alerts, internet banking portals, & unified payment interface facilities. It has business segments, segregating them into Treasury, Wholesale Banking, Retail Banking, & Other Banking Operations. The majority of revenue comes from Retail Banking.
49GF Score
Get the complete analysis for BOM:544020
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:544020 has been successfully added to your 
