Honeywell Flour MillsNSA:HFM +7.14%71 PB Ratio is 3.18 as of Jul. 06, 2026, which is 607% above its 10-year median of 0.45. GuruFocus rates NSA:HFM with a GF Score™ of 71/100 and a GF Value™ of ₦10.25 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,894 Consumer Packaged Goods companies, Honeywell Flour Mills ranks worse than 79.09% on this metric.
Honeywell Flour Mills PLC stock PB Ratio (=2.96) is close to 1-year low of 2.96.
The historical rank and industry rank for Honeywell Flour Mills's PB Ratio or its related term are showing as below:
NSA:HFM'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.45 Max: 6.32
Current: 3.17
During the past 13 years, Honeywell Flour Mills's highest PB Ratio was 6.32. The lowest was 0.12. And the median was 0.45.
NSA:HFM's PB Ratio is ranked worse than 79.09% of 1894
companies
in the Consumer Packaged Goods industry
Industry Median: 1.37
vs NSA:HFM: 3.17
During the past 12 months, Honeywell Flour Mills's average Book Value Per Share Growth Rate was 63.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -13.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Honeywell Flour Mills was 51.30% per year. The lowest was -26.70% per year. And the median was 3.00% per year.
Back to Basics: PB Ratio
Honeywell Flour Mills (NSA:HFM) PB Ratio Explanation
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.
For the Packaged Foods subindustry, Honeywell Flour Mills'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.
Honeywell Flour Mills PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's PB Ratio distribution charts can be found below:
* The bar in red indicates where Honeywell Flour Mills'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.
Honeywell Flour Mills (NSA:HFM) has a PB Ratio of 3.18 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Honeywell Flour Mills and its competitors. This is 607% above median its historical median of 0.45. Over the past decade, Honeywell Flour Mills' PB Ratio has ranged from 0.12 to 6.32. According to the industry distribution chart, Honeywell Flour Mills ranks #1498 out of 1894 companies in the Consumer Packaged Goods industry, placing it in the top 79.1%.
Is Honeywell Flour Mills' PB Ratio too high?
Honeywell Flour Mills' current PB Ratio of 3.18 is 607% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 6.32. The Consumer Packaged Goods industry median PB Ratio is 1.37. Honeywell Flour Mills' value of 3.18 is 132.1% above this industry median. Based on the distribution chart, Honeywell Flour Mills ranks #1498 out of 1894 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Honeywell Flour Mills has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Flour Mills' PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Honeywell Flour Mills ranks #1498 out of 1894 companies for PB Ratio. This places Honeywell Flour Mills in the lower half of its industry. The industry median PB Ratio is 1.37. Honeywell Flour Mills' value of 3.18 is 132.1% above this benchmark. Historically, Honeywell Flour Mills' own PB Ratio has ranged from 0.12 to 6.32 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 1.37, Honeywell Flour Mills 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 Consumer Packaged Goods company?
The median PB Ratio among Consumer Packaged Goods companies is 1.37, based on 1,894 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. Honeywell Flour Mills's current PB Ratio of 3.18 is 132.1% 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 Honeywell Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Flour Mills's current PB Ratio is 3.18, which is 607% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell Flour Mills stock overvalued right now?
Based on GuruFocus' analysis, Honeywell Flour Mills (NSA:HFM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦10.25, compared to a current price of ₦15.00 — trading 46.3% above its estimated fair value. The current PB Ratio is 3.18, which is 607% above median its 10-year median of 0.45 and 132.1% above the Consumer Packaged Goods industry median of 1.37. Honeywell Flour Mills' overall GF Score™ is 71/100 with 2 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 Honeywell Flour Mills (NSA:HFM), the current PB Ratio is 3.18 as of Jul. 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 Honeywell Flour Mills (NSA:HFM) Overvalued in 2026?
Based on GuruFocus' analysis, Honeywell Flour Mills stock appears to be overvalued.
The current stock price of ₦15.00 is trading 46.3% above its estimated GF Value™ of ₦10.25.
GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.
Key valuation signals for NSA:HFM:
PB Ratio: 3.18 (607% above median its 10-year median of 0.45)
GF Value™: ₦10.25 vs. price of ₦15.00 (46.3% above fair value)
Industry Position: 132.1% above the Consumer Packaged Goods median (#1498 of 1894)
No single metric tells the full story. See the NSA:HFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honeywell Flour Mills PLC is a Nigerian food manufacturing company specializing in the production and marketing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. It distributes products across Nigeria through an extensive logistics and retail network. Honeywell Flour Mills is ISO-certified and part of the Flour Mills of Nigeria Plc group, benefiting from group synergies in a closely regulated sector. The Company's business reportable segments are identified by the factories located at Apapa, and Sagamu. The Apapa segment manufactures Flour, Semo and Wheat meal while Sagamu segments manufacture Noodles and Pasta. The Apapa generates the maximum revenue for the company.
71GF Score
Get the complete analysis for NSA:HFM
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