Hilltone Software and Gases (BOM:544308) PB Ratio: 2.34 (As of Aug. 15, 2026) — 21% Below Median

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BOM:544308 Hilltone Software and Gases Ltd BOM:544308
36 GF Score
Price ₹41.40
! 4 Warning Signs
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What is Hilltone Software and Gases PB Ratio?

Hilltone Software and Gases BOM:544308 +2.68% 36 PB Ratio is 2.34 as of Aug. 15, 2026, which is 21% below its 10-year median of 2.98. GuruFocus rates BOM:544308 with a GF Score™ of 36/100. The stock has 4 warning signs investors should review. Among 1,578 Chemicals companies, Hilltone Software and Gases ranks worse than 61.66% 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 (2026-08-15), Hilltone Software and Gases's share price is ₹41.40. Hilltone Software and Gases's Book Value per Share for the quarter that ended in Mar. 2026 was ₹17.68. Hence, Hilltone Software and Gases's PB Ratio of today is 2.34.

Good Sign:

Hilltone Software and Gases Ltd stock PB Ratio (=2.34) is close to 2-year low of 2.34.

The historical rank and industry rank for Hilltone Software and Gases's PB Ratio or its related term are showing as below:

BOM:544308' s PB Ratio Range Over the Past 10 Years
Min: 2.28   Med: 2.98   Max: 6.27
Current: 2.34

During the past 8 years, Hilltone Software and Gases's highest PB Ratio was 6.27. The lowest was 2.28. And the median was 2.98.

BOM:544308's PB Ratio is ranked worse than
61.66% of 1578 companies
in the Chemicals industry
Industry Median: 1.74 vs BOM:544308: 2.34

During the past 12 months, Hilltone Software and Gases's average Book Value Per Share Growth Rate was 41.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 54.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 40.20% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Hilltone Software and Gases was 54.80% per year. The lowest was 2.70% per year. And the median was 45.00% per year.

Back to Basics: PB Ratio


Hilltone Software and Gases  (BOM:544308) 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.


Hilltone Software and Gases PB Ratio Related Terms


Hilltone Software and Gases PB Ratio Historical Data

* Premium members only.

The historical data trend for Hilltone Software and Gases'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.

Hilltone Software and Gases PB Ratio Chart

Hilltone Software and Gases Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
PB Ratio
Get a 7-Day Free Trial 0.00 0.00 0.00 2.53 2.73

Hilltone Software and Gases Quarterly Data
Mar19 Mar20 Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.53 0.00 5.77 0.00 2.73

BOM:544308 vs LIN, SHW, ECL: PB Ratio Comparison

For the Specialty Chemicals subindustry, Hilltone Software and Gases'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.


Hilltone Software and Gases PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hilltone Software and Gases's PB Ratio distribution charts can be found below:

* The bar in red indicates where Hilltone Software and Gases's PB Ratio falls into.


BOM:544308
36GF Score
Hilltone Software and Gases Ltd BOM:544308
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hilltone Software and Gases 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.

Hilltone Software and Gases's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=41.40/17.677
=2.34

* 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 2.34 mean?
Hilltone Software and Gases (BOM:544308) has a PB Ratio of 2.34 as of Aug. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hilltone Software and Gases and its competitors. This is 21% below median its historical median of 2.98. Over the past decade, Hilltone Software and Gases' PB Ratio has ranged from 2.28 to 6.27. According to the industry distribution chart, Hilltone Software and Gases ranks #973 out of 1578 companies in the Chemicals industry, placing it in the top 61.7%.
Is Hilltone Software and Gases' PB Ratio too high?
Hilltone Software and Gases' current PB Ratio of 2.34 is 21% below median its 10-year median of 2.98. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 6.27. The Chemicals industry median PB Ratio is 1.74. Hilltone Software and Gases' value of 2.34 is 34.5% above this industry median. Based on the distribution chart, Hilltone Software and Gases ranks #973 out of 1578 companies in the Chemicals industry, which is below the industry midpoint. Overall, Hilltone Software and Gases has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Hilltone Software and Gases' PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hilltone Software and Gases ranks #973 out of 1578 companies for PB Ratio. This places Hilltone Software and Gases in the lower half of its industry. The industry median PB Ratio is 1.74. Hilltone Software and Gases' value of 2.34 is 34.5% above this benchmark. Historically, Hilltone Software and Gases' own PB Ratio has ranged from 2.28 to 6.27 over the past decade. While the company's 10-year median is 2.98 vs. the industry median of 1.74, Hilltone Software and Gases 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.74, based on 1,578 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. Hilltone Software and Gases's current PB Ratio of 2.34 is 34.5% 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 Hilltone Software and Gases and its competitors. For the Chemicals industry, the median PB Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hilltone Software and Gases's current PB Ratio is 2.34, which is 21% below median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hilltone Software and Gases stock overvalued right now?
Hilltone Software and Gases (BOM:544308) has a current PB Ratio of 2.34. The current PB Ratio is 2.34, which is 21% below median its 10-year median of 2.98 and 34.5% above the Chemicals industry median of 1.74. Hilltone Software and Gases' overall GF Score™ is 36/100 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 Hilltone Software and Gases (BOM:544308), the current PB Ratio is 2.34 as of Aug. 15, 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.

Hilltone Software and Gases Business Description

Address Dairy Road, B/4, K. B. Complex, Mehsana, GJ, IND, 384002
Hilltone Software and Gases Ltd is engaged in the business of trading of Industrial as well as Medical Oxygen gase and other allied gases as well as Software business. It offer a comprehensive range of gases, which includes Basic Gases such as Oxygen, Nitrogen, LPG, Argon, Carbon Dioxide, Acetylene, Hydrogen, Helium, and more; Mixed Gases such as combinations of Oxygen and Helium or Argon and Carbon Dioxide and Liquid Gases offerings include Liquid Oxygen, Liquid Carbon Dioxide, and Liquid Nitrogen. The company has two segments Gases & Software. Key revenue is generated from software.
36GF Score

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

₹41.40
Price