Argent IndustrialJSE:ART -2.40%68 PB Ratio is 1.00 as of Jun. 26, 2026, which is 82% above its 10-year median of 0.55. GuruFocus rates JSE:ART with a GF Score™ of 68/100 and a GF Value™ of R23.59 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 612 Steel companies, Argent Industrial ranks worse than 51.31% on this metric.
Argent Industrial Ltd stock PB Ratio (=1.03) is close to 10-year high of 1.09.
The historical rank and industry rank for Argent Industrial's PB Ratio or its related term are showing as below:
JSE:ART'
s PB Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.55 Max: 1.09
Current: 1.01
During the past 13 years, Argent Industrial's highest PB Ratio was 1.09. The lowest was 0.24. And the median was 0.55.
JSE:ART's PB Ratio is ranked worse than 51.31% of 612
companies
in the Steel industry
Industry Median: 0.965
vs JSE:ART: 1.01
During the past 12 months, Argent Industrial's average Book Value Per Share Growth Rate was 11.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Argent Industrial was 31.60% per year. The lowest was -4.10% per year. And the median was 11.90% 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.
Argent Industrial PB Ratio Related Terms
Argent Industrial PB Ratio Historical Data
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The historical data trend for Argent Industrial'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, Argent Industrial'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.
Argent Industrial PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Argent Industrial's PB Ratio distribution charts can be found below:
* The bar in red indicates where Argent Industrial'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.
Argent Industrial (JSE:ART) has a PB Ratio of 1.00 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Argent Industrial and its competitors. This is 82% above median its historical median of 0.55. Over the past decade, Argent Industrial's PB Ratio has ranged from 0.24 to 1.09. According to the industry distribution chart, Argent Industrial ranks #314 out of 612 companies in the Steel industry, placing it in the top 51.3%.
Is Argent Industrial's PB Ratio too high?
Argent Industrial's current PB Ratio of 1.00 is 82% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.09. The Steel industry median PB Ratio is 0.97. Argent Industrial's value of 1.00 is 3.6% above this industry median. Based on the distribution chart, Argent Industrial ranks #314 out of 612 companies in the Steel industry, which is below the industry midpoint. Overall, Argent Industrial has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argent Industrial's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Argent Industrial ranks #314 out of 612 companies for PB Ratio. This places Argent Industrial in the lower half of its industry. The industry median PB Ratio is 0.97. Argent Industrial's value of 1.00 is 3.6% above this benchmark. Historically, Argent Industrial's own PB Ratio has ranged from 0.24 to 1.09 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.97, Argent Industrial 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 612 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. Argent Industrial's current PB Ratio of 1.00 is 3.6% 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 Argent Industrial 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. Argent Industrial's current PB Ratio is 1.00, which is 82% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argent Industrial stock overvalued right now?
Based on GuruFocus' analysis, Argent Industrial (JSE:ART) is currently considered Significantly Overvalued. The stock's GF Value™ is R23.59, compared to a current price of R36.60 — trading 55.2% above its estimated fair value. The current PB Ratio is 1.00, which is 82% above median its 10-year median of 0.55 and 3.6% above the Steel industry median of 0.97. Argent Industrial's overall GF Score™ is 68/100 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 Argent Industrial (JSE:ART), the current PB Ratio is 1.00 as of Jun. 26, 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 Argent Industrial (JSE:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Argent Industrial stock appears to be overvalued.
The current stock price of R36.60 is trading 55.2% above its estimated GF Value™ of R23.59.
GuruFocus considers Argent Industrial to be Significantly Overvalued.
Key valuation signals for JSE:ART:
PB Ratio: 1.00 (82% above median its 10-year median of 0.55)
GF Value™: R23.59 vs. price of R36.60 (55.2% above fair value)
Industry Position: 3.6% above the Steel median (#314 of 612)
No single metric tells the full story. See the JSE:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group's manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.
68GF Score
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