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Smiths GroupLSE:SMIN -0.60%66 PB Ratio is 4.74 as of Jul. 14, 2026, which is 80% above its 10-year median of 2.63. GuruFocus rates LSE:SMIN with a GF Score™ of 66/100 and a GF Value™ of £13.35 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,983 Industrial Products companies, Smiths Group ranks worse than 77.87% 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 (2026-07-14), Smiths Group's share price is £24.93. Smiths Group's Book Value per Share for the quarter that ended in Jan. 2026 was £5.26. Hence, Smiths Group's PB Ratio of today is 4.74.
Warning Sign:
Smiths Group PLC stock PB Ratio (=4.74) is close to 10-year high of 4.74.
The historical rank and industry rank for Smiths Group's PB Ratio or its related term are showing as below:
LSE:SMIN'
s PB Ratio Range Over the Past 10 Years
Min: 1.57 Med: 2.63 Max: 4.74
Current: 4.74
During the past 13 years, Smiths Group's highest PB Ratio was 4.74. The lowest was 1.57. And the median was 2.63.
LSE:SMIN's PB Ratio is ranked worse than 77.87% of 2983
companies
in the Industrial Products industry
Industry Median: 2.18
vs LSE:SMIN: 4.74
During the past 12 months, Smiths Group's average Book Value Per Share Growth Rate was -21.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Smiths Group was 28.20% per year. The lowest was -15.80% per year. And the median was 4.60% 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.
Smiths Group PB Ratio Related Terms
Smiths Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Smiths Group'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 Specialty Industrial Machinery subindustry, Smiths Group'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.
Smiths Group PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Smiths Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Smiths Group'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.
Smiths Group'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.
Smiths Group (LSE:SMIN) has a PB Ratio of 4.74 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Smiths Group and its competitors. This is 80% above median its historical median of 2.63. Over the past decade, Smiths Group's PB Ratio has ranged from 1.57 to 4.74. According to the industry distribution chart, Smiths Group ranks #2323 out of 2983 companies in the Industrial Products industry, placing it in the top 77.9%.
Is Smiths Group's PB Ratio too high?
Smiths Group's current PB Ratio of 4.74 is 80% above median its 10-year median of 2.63. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 4.74. The Industrial Products industry median PB Ratio is 2.18. Smiths Group's value of 4.74 is 117.4% above this industry median. Based on the distribution chart, Smiths Group ranks #2323 out of 2983 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Smiths Group has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smiths Group's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Smiths Group ranks #2323 out of 2983 companies for PB Ratio. This places Smiths Group in the lower half of its industry. The industry median PB Ratio is 2.18. Smiths Group's value of 4.74 is 117.4% above this benchmark. Historically, Smiths Group's own PB Ratio has ranged from 1.57 to 4.74 over the past decade. While the company's 10-year median is 2.63 vs. the industry median of 2.18, Smiths Group 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.18, based on 2,983 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. Smiths Group's current PB Ratio of 4.74 is 117.4% 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 Smiths Group and its competitors. For the Industrial Products industry, the median PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smiths Group's current PB Ratio is 4.74, which is 80% above median its own 10-year median of 2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smiths Group stock overvalued right now?
Based on GuruFocus' analysis, Smiths Group (LSE:SMIN) is currently considered Significantly Overvalued. The stock's GF Value™ is £13.35, compared to a current price of £24.93 — trading 86.7% above its estimated fair value. The current PB Ratio is 4.74, which is 80% above median its 10-year median of 2.63 and 117.4% above the Industrial Products industry median of 2.18. Smiths Group's overall GF Score™ is 66/100 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 Smiths Group (LSE:SMIN), the current PB Ratio is 4.74 as of Jul. 14, 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 Smiths Group (LSE:SMIN) Overvalued in 2026?
Based on GuruFocus' analysis, Smiths Group stock appears to be overvalued.
The current stock price of £24.93 is trading 86.7% above its estimated GF Value™ of £13.35.
GuruFocus considers Smiths Group to be Significantly Overvalued.
Key valuation signals for LSE:SMIN:
PB Ratio: 4.74 (80% above median its 10-year median of 2.63)
GF Value™: £13.35 vs. price of £24.93 (86.7% above fair value)
Industry Position: 117.4% above the Industrial Products median (#2323 of 2983)
No single metric tells the full story. See the LSE:SMIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smiths Group is a UK-based industrial technology company focused on engineered solutions for fluid and energy management, following the agreed divestments of its Detection and Interconnect divisions. Its two core businesses—John Crane and Flex-Tek - serve critical infrastructure, energy, aerospace, HVAC, and industrial markets. John Crane supplies mechanical seals, filtration systems, and condition-monitoring technologies used in rotating equipment, with a high-margin, recurring aftermarket business. Flex-Tek provides specialized tubing, heating components, and ducting systems primarily for US HVAC and aerospace OEMs.
66GF Score
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