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Art NirmanNSE:ARTNIRMAN -0.10%62 PB Ratio is 2.71 as of Jul. 21, 2026, which is 25% below its 10-year median of 3.60. GuruFocus rates NSE:ARTNIRMAN with a GF Score™ of 62/100 and a GF Value™ of ₹37.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,716 Real Estate companies, Art Nirman ranks worse than 87.53% 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 (2026-07-21), Art Nirman's share price is ₹39.96. Art Nirman's Book Value per Share for the quarter that ended in Dec. 2025 was ₹14.75. Hence, Art Nirman's PB Ratio of today is 2.71.
Good Sign:
Art Nirman Ltd stock PB Ratio (=2.71) is close to 3-year low of 2.71.
The historical rank and industry rank for Art Nirman's PB Ratio or its related term are showing as below:
NSE:ARTNIRMAN'
s PB Ratio Range Over the Past 10 Years
Min: 1.18 Med: 3.6 Max: 10.92
Current: 2.71
During the past 13 years, Art Nirman's highest PB Ratio was 10.92. The lowest was 1.18. And the median was 3.60.
NSE:ARTNIRMAN's PB Ratio is ranked worse than 87.53% of 1716
companies
in the Real Estate industry
Industry Median: 0.81
vs NSE:ARTNIRMAN: 2.71
During the past 12 months, Art Nirman's average Book Value Per Share Growth Rate was 1.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 30.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Art Nirman was 1154.60% per year. The lowest was -16.80% per year. And the median was 3.10% 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.
Art Nirman PB Ratio Related Terms
Art Nirman PB Ratio Historical Data
* Premium members only.
The historical data trend for Art Nirman'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 Real Estate - Development subindustry, Art Nirman'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.
Art Nirman PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Art Nirman's PB Ratio distribution charts can be found below:
* The bar in red indicates where Art Nirman'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.
Art Nirman'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.
Art Nirman (NSE:ARTNIRMAN) has a PB Ratio of 2.71 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Art Nirman and its competitors. This is 25% below median its historical median of 3.60. Over the past decade, Art Nirman's PB Ratio has ranged from 1.18 to 10.92. According to the industry distribution chart, Art Nirman ranks #1502 out of 1716 companies in the Real Estate industry, placing it in the top 87.5%.
Is Art Nirman's PB Ratio too high?
Art Nirman's current PB Ratio of 2.71 is 25% below median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 10.92. The Real Estate industry median PB Ratio is 0.81. Art Nirman's value of 2.71 is 234.6% above this industry median. Based on the distribution chart, Art Nirman ranks #1502 out of 1716 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Art Nirman has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Art Nirman's PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Art Nirman ranks #1502 out of 1716 companies for PB Ratio. This places Art Nirman in the lower half of its industry. The industry median PB Ratio is 0.81. Art Nirman's value of 2.71 is 234.6% above this benchmark. Historically, Art Nirman's own PB Ratio has ranged from 1.18 to 10.92 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 0.81, Art Nirman 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,716 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. Art Nirman's current PB Ratio of 2.71 is 234.6% 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 Art Nirman and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Art Nirman's current PB Ratio is 2.71, which is 25% below median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Art Nirman stock overvalued right now?
Based on GuruFocus' analysis, Art Nirman (NSE:ARTNIRMAN) is currently considered Fairly Valued. The stock's GF Value™ is ₹37.09, compared to a current price of ₹39.96 — trading 7.7% above its estimated fair value. The current PB Ratio is 2.71, which is 25% below median its 10-year median of 3.60 and 234.6% above the Real Estate industry median of 0.81. Art Nirman's overall GF Score™ is 62/100 with 3 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 Art Nirman (NSE:ARTNIRMAN), the current PB Ratio is 2.71 as of Jul. 21, 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 Art Nirman (NSE:ARTNIRMAN) Overvalued in 2026?
Based on GuruFocus' analysis, Art Nirman stock appears to be overvalued.
The current stock price of ₹39.96 is trading 7.7% above its estimated GF Value™ of ₹37.09.
GuruFocus considers Art Nirman to be Fairly Valued.
Key valuation signals for NSE:ARTNIRMAN:
PB Ratio: 2.71 (25% below median its 10-year median of 3.60)
GF Value™: ₹37.09 vs. price of ₹39.96 (7.7% above fair value)
Industry Position: 234.6% above the Real Estate median (#1502 of 1716)
No single metric tells the full story. See the NSE:ARTNIRMAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Art Nirman Ltd is engaged in the construction of residential and commercial buildings in India. Its residential projects include Affordable housing, luxurious flat, and towers as well as luxurious bungalows and its commercial projects comprise office spaces as well as showrooms and shops. The company operates only in India. It operates in one segment namely Real Estate.
62GF Score
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