Dhara Rail Projects (NSE:DHARARAIL) PB Ratio: 9.57 (As of Jul. 30, 2026) — 33% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:DHARARAIL Dhara Rail Projects Ltd NSE:DHARARAIL
11 GF Score
Price ₹126.50
! 3 Warning Signs
View Full Analysis

What is Dhara Rail Projects PB Ratio?

Dhara Rail Projects NSE:DHARARAIL -4.13% 11 PB Ratio is 9.57 as of Jul. 30, 2026, which is 33% below its 10-year median of 14.32. GuruFocus rates NSE:DHARARAIL with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 965 Transportation companies, Dhara Rail Projects ranks worse than 96.99% 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 (2026-07-30), Dhara Rail Projects's share price is ₹126.50. Dhara Rail Projects's Book Value per Share for the quarter that ended in Sep. 2025 was ₹13.23. Hence, Dhara Rail Projects's PB Ratio of today is 9.57.

Good Sign:

Dhara Rail Projects Ltd stock PB Ratio (=9.83) is close to 1-year low of 9.83.

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

NSE:DHARARAIL' s PB Ratio Range Over the Past 10 Years
Min: 9.57   Med: 14.32   Max: 18.73
Current: 9.57

During the past 3 years, Dhara Rail Projects's highest PB Ratio was 18.73. The lowest was 9.57. And the median was 14.32.

NSE:DHARARAIL's PB Ratio is ranked worse than
96.99% of 965 companies
in the Transportation industry
Industry Median: 1.25 vs NSE:DHARARAIL: 9.57

During the past 12 months, Dhara Rail Projects's average Book Value Per Share Growth Rate was 213.80% per year.

Back to Basics: PB Ratio


Dhara Rail Projects  (NSE:DHARARAIL) 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.


Dhara Rail Projects PB Ratio Related Terms


Dhara Rail Projects PB Ratio Historical Data

* Premium members only.

The historical data trend for Dhara Rail Projects'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.

Dhara Rail Projects PB Ratio Chart

Dhara Rail Projects Annual Data
Trend Mar23 Mar24 Mar25
PB Ratio
0.00 0.00 0.00

Dhara Rail Projects Semi-Annual Data
Mar23 Mar24 Mar25 Sep25
PB Ratio 0.00 0.00 0.00 0.00

NSE:DHARARAIL vs UNP, CSX, NSC: PB Ratio Comparison

For the Railroads subindustry, Dhara Rail Projects'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.


Dhara Rail Projects PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Dhara Rail Projects's PB Ratio distribution charts can be found below:

* The bar in red indicates where Dhara Rail Projects's PB Ratio falls into.


NSE:DHARARAIL
11GF Score
Dhara Rail Projects Ltd NSE:DHARARAIL
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dhara Rail Projects 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.

Dhara Rail Projects's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2025)
=126.50/13.225
=9.57

* 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 9.57 mean?
Dhara Rail Projects (NSE:DHARARAIL) has a PB Ratio of 9.57 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Dhara Rail Projects and its competitors. This is 33% below median its historical median of 14.32. Over the past decade, Dhara Rail Projects' PB Ratio has ranged from 9.57 to 18.73. According to the industry distribution chart, Dhara Rail Projects ranks #936 out of 965 companies in the Transportation industry, placing it in the top 97%.
Is Dhara Rail Projects' PB Ratio too high?
Dhara Rail Projects' current PB Ratio of 9.57 is 33% below median its 10-year median of 14.32. Over the past 10 years, this metric has ranged from a low of 9.57 to a high of 18.73. The Transportation industry median PB Ratio is 1.25. Dhara Rail Projects' value of 9.57 is 665.6% above this industry median. Based on the distribution chart, Dhara Rail Projects ranks #936 out of 965 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Dhara Rail Projects has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Dhara Rail Projects' PB Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Dhara Rail Projects ranks #936 out of 965 companies for PB Ratio. This places Dhara Rail Projects in the lower half of its industry. The industry median PB Ratio is 1.25. Dhara Rail Projects' value of 9.57 is 665.6% above this benchmark. Historically, Dhara Rail Projects' own PB Ratio has ranged from 9.57 to 18.73 over the past decade. While the company's 10-year median is 14.32 vs. the industry median of 1.25, Dhara Rail Projects 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 Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 965 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. Dhara Rail Projects's current PB Ratio of 9.57 is 665.6% 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 Dhara Rail Projects and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dhara Rail Projects's current PB Ratio is 9.57, which is 33% below median its own 10-year median of 14.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dhara Rail Projects stock overvalued right now?
Dhara Rail Projects (NSE:DHARARAIL) has a current PB Ratio of 9.57. The current PB Ratio is 9.57, which is 33% below median its 10-year median of 14.32 and 665.6% above the Transportation industry median of 1.25. Dhara Rail Projects' overall GF Score™ is 11/100 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 Dhara Rail Projects (NSE:DHARARAIL), the current PB Ratio is 9.57 as of Jul. 30, 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.

Dhara Rail Projects Business Description

Address Mama Parmanand Marg, Opera House, 208, 2nd Floor, Plot-16, The Jewel Roxy Chambers, Girgaon, Mumbai, MH, IND, 400004
Dhara Rail Projects Ltd is engaged in the business of executing various types of contractual railway projects and related services which include Annual Maintenance Contracts (AMC) and repair services for a wide range of railway rolling stock systems. Its services include annual maintenance and repair of train lighting equipment across all rolling stock categories, along with annual maintenance and repair for Overhead Equipment (OHE) maintenance vehicles (Tower Wagons), Power Car equipment and HVAC systems. The company generates revenue in the form of contractual Income from Railways Projects.
11GF Score

Get the complete analysis for NSE:DHARARAIL

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

₹126.50
Price