Thal (KAR:THALL) PB Ratio: 0.86 (As of Jul. 03, 2026) — 13% Below Median


KAR:THALL Thal Ltd KAR:THALL
79 GF Score
Price ₨617.65
GF Value ₨530.43
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Thal PB Ratio?

Thal KAR:THALL -1.18% 79 PB Ratio is 0.86 as of Jul. 03, 2026, which is 13% below its 10-year median of 0.99. GuruFocus rates KAR:THALL with a GF Score™ of 79/100 and a GF Value™ of ₨530.43 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,295 Vehicles & Parts companies, Thal ranks better than 65.64% 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 (2026-07-03), Thal's share price is ₨617.65. Thal's Book Value per Share for the quarter that ended in Mar. 2026 was ₨716.95. Hence, Thal's PB Ratio of today is 0.86.

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

KAR:THALL' s PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.99   Max: 3.13
Current: 0.9

During the past 13 years, Thal's highest PB Ratio was 3.13. The lowest was 0.33. And the median was 0.99.

KAR:THALL's PB Ratio is ranked better than
65.64% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 1.38 vs KAR:THALL: 0.90

During the past 12 months, Thal's average Book Value Per Share Growth Rate was 15.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 14.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 15.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 14.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thal was 24.00% per year. The lowest was 9.20% per year. And the median was 15.30% per year.

Back to Basics: PB Ratio


Thal  (KAR:THALL) 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.


Thal PB Ratio Related Terms


Thal PB Ratio Historical Data

* Premium members only.

The historical data trend for Thal'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.

Thal PB Ratio Chart

Thal Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 0.63 0.34 0.86 0.61

Thal Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 Premium Member Only Premium Member Only Premium Member Only 0.62 0.61 0.86 0.77 0.86

KAR:THALL vs ORLY, AZO, GPC: PB Ratio Comparison

For the Auto Parts subindustry, Thal'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.


Thal PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thal's PB Ratio distribution charts can be found below:

* The bar in red indicates where Thal's PB Ratio falls into.


KAR:THALL
79GF Score
Thal Ltd KAR:THALL
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thal 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.

Thal's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=617.65/716.952
=0.86

* 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 0.86 mean?
Thal (KAR:THALL) has a PB Ratio of 0.86 as of Jul. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thal and its competitors. This is 13% below median its historical median of 0.99. Over the past decade, Thal's PB Ratio has ranged from 0.33 to 3.13. According to the industry distribution chart, Thal ranks #445 out of 1295 companies in the Vehicles & Parts industry, placing it in the top 34.4%.
Is Thal's PB Ratio too high?
Thal's current PB Ratio of 0.86 is 13% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 3.13. The Vehicles & Parts industry median PB Ratio is 1.38. Thal's value of 0.86 is 37.7% below this industry median. Based on the distribution chart, Thal ranks #445 out of 1295 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Thal has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thal's PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Thal ranks #445 out of 1295 companies for PB Ratio. This puts Thal in the upper half of its industry. The industry median PB Ratio is 1.38. Thal's value of 0.86 is 37.7% below this benchmark. Historically, Thal's own PB Ratio has ranged from 0.33 to 3.13 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 1.38, Thal has consistently been below 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.38, based on 1,295 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. Thal's current PB Ratio of 0.86 is 37.7% below 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 Thal and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thal's current PB Ratio is 0.86, which is 13% below median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thal stock overvalued right now?
Based on GuruFocus' analysis, Thal (KAR:THALL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨530.43, compared to a current price of ₨617.65 — trading 16.4% above its estimated fair value. The current PB Ratio is 0.86, which is 13% below median its 10-year median of 0.99 and 37.7% below the Vehicles & Parts industry median of 1.38. Thal's overall GF Score™ is 79/100 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 Thal (KAR:THALL), the current PB Ratio is 0.86 as of Jul. 03, 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 Thal (KAR:THALL) Overvalued in 2026?

Based on GuruFocus' analysis, Thal stock appears to be overvalued. The current stock price of ₨617.65 is trading 16.4% above its estimated GF Value™ of ₨530.43. GuruFocus considers Thal to be Modestly Overvalued.

Key valuation signals for KAR:THALL:

  • PB Ratio: 0.86 (13% below median its 10-year median of 0.99)
  • GF Value™: ₨530.43 vs. price of ₨617.65 (16.4% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 37.7% below the Vehicles & Parts median (#445 of 1295)

No single metric tells the full story. See the KAR:THALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thal Business Description

Address Plot 3, Jinnah Cooperative Housing Society, 4th Floor, House of Habib, Block 7/8, Shahrah-e-Faisal, Karachi, PAK, 75350
Thal Ltd is a diversified industrial manufacturer operating in engineering, packaging, and laminate sheets. Its engineering segment produces automotive parts, including air-conditioners, radiators, wire harnesses, and engine components. The packaging segment offers jute goods, paper sacks, woven polypropylene packaging, and laminate sheets for various industries. The company's operations span multiple cities in Pakistan and include export activities to many countries. It also has interests in energy through coal mining and power generation ventures. The Company's operating businesses are categorized under two segments, namely the Engineering segment and the Building Material & Allied Products segment. The majority of revenue comes from the Engineering segment.
79GF Score

Get the complete analysis for KAR:THALL

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

₨617.65
Price
₨530.43
GF Value