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Dharan Infra-EPCNSE:DHARAN 43 PB Ratio is 0.09 as of Aug. 18, 2026, which is 91% below its 10-year median of 0.99. GuruFocus rates NSE:DHARAN with a GF Score™ of 43/100 and a GF Value™ of ₹0.03 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,717 Real Estate companies, Dharan Infra-EPC ranks better than 97.2% 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 (2026-08-18), Dharan Infra-EPC's share price is ₹0.16. Dharan Infra-EPC's Book Value per Share for the quarter that ended in Sep. 2025 was ₹1.81. Hence, Dharan Infra-EPC's PB Ratio of today is 0.09.
Good Sign:
Dharan Infra-EPC Ltd stock PB Ratio (=0.1) is close to 10-year low of 0.1.
The historical rank and industry rank for Dharan Infra-EPC's PB Ratio or its related term are showing as below:
NSE:DHARAN'
s PB Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.99 Max: 10.49
Current: 0.1
During the past 13 years, Dharan Infra-EPC's highest PB Ratio was 10.49. The lowest was 0.10. And the median was 0.99.
NSE:DHARAN's PB Ratio is ranked better than 97.2% of 1717
companies
in the Real Estate industry
Industry Median: 0.82
vs NSE:DHARAN: 0.10
During the past 12 months, Dharan Infra-EPC's average Book Value Per Share Growth Rate was -30.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 31.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 39.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Dharan Infra-EPC was 102.90% per year. The lowest was 13.80% per year. And the median was 41.25% 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.
Dharan Infra-EPC PB Ratio Related Terms
Dharan Infra-EPC PB Ratio Historical Data
* Premium members only.
The historical data trend for Dharan Infra-EPC'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, Dharan Infra-EPC'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.
Dharan Infra-EPC PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Dharan Infra-EPC's PB Ratio distribution charts can be found below:
* The bar in red indicates where Dharan Infra-EPC'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.
Dharan Infra-EPC (NSE:DHARAN) has a PB Ratio of 0.09 as of Aug. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Dharan Infra-EPC and its competitors. This is 91% below median its historical median of 0.99. Over the past decade, Dharan Infra-EPC's PB Ratio has ranged from 0.10 to 10.49. According to the industry distribution chart, Dharan Infra-EPC ranks #48 out of 1717 companies in the Real Estate industry, placing it in the top 2.8%.
Is Dharan Infra-EPC's PB Ratio too high?
Dharan Infra-EPC's current PB Ratio of 0.09 is 91% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 10.49. The Real Estate industry median PB Ratio is 0.82. Dharan Infra-EPC's value of 0.09 is 89% below this industry median. Based on the distribution chart, Dharan Infra-EPC ranks #48 out of 1717 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Dharan Infra-EPC has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dharan Infra-EPC's PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Dharan Infra-EPC ranks #48 out of 1717 companies for PB Ratio. This places Dharan Infra-EPC in the top 3% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.82. Dharan Infra-EPC's value of 0.09 is 89% below this benchmark. Historically, Dharan Infra-EPC's own PB Ratio has ranged from 0.10 to 10.49 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.82, Dharan Infra-EPC 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.82, based on 1,717 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. Dharan Infra-EPC's current PB Ratio of 0.09 is 89% 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 Dharan Infra-EPC and its competitors. For the Real Estate industry, the median PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dharan Infra-EPC's current PB Ratio is 0.09, which is 91% 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 Dharan Infra-EPC stock overvalued right now?
Based on GuruFocus' analysis, Dharan Infra-EPC (NSE:DHARAN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.03, compared to a current price of ₹0.16 — trading 433.3% above its estimated fair value. The current PB Ratio is 0.09, which is 91% below median its 10-year median of 0.99 and 89% below the Real Estate industry median of 0.82. Dharan Infra-EPC's overall GF Score™ is 43/100 with 5 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 Dharan Infra-EPC (NSE:DHARAN), the current PB Ratio is 0.09 as of Aug. 18, 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 Dharan Infra-EPC (NSE:DHARAN) Overvalued in 2026?
Based on GuruFocus' analysis, Dharan Infra-EPC stock appears to be overvalued.
The current stock price of ₹0.16 is trading 433.3% above its estimated GF Value™ of ₹0.03.
GuruFocus considers Dharan Infra-EPC to be Significantly Overvalued.
Key valuation signals for NSE:DHARAN:
PB Ratio: 0.09 (91% below median its 10-year median of 0.99)
GF Value™: ₹0.03 vs. price of ₹0.16 (433.3% above fair value)
Industry Position: 89% below the Real Estate median (#48 of 1717)
No single metric tells the full story. See the NSE:DHARAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dharan Infra-EPC Ltd is a real estate development company engaged in the development of residential real estate projects and execution of construction contracts. The Company's projects include Hari Kunj Mayflower, Hari Krishna Phase IV, and Hari Aakruti Phase II. Its operating business segments comprise the Development of Real Estate Property segment, the Civil Contracting Business segment, and the Investment segment, with the majority of revenue derived from the Real Estate segment. The Company operates within India.
43GF Score
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