Elecon Engineering CoNSE:ELECON -1.63%95 PB Ratio is 5.08 as of Jun. 26, 2026, which is 194% above its 10-year median of 1.73. GuruFocus rates NSE:ELECON with a GF Score™ of 95/100 and a GF Value™ of ₹644.21 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,986 Industrial Products companies, Elecon Engineering Co ranks worse than 77.96% on this metric.
The historical rank and industry rank for Elecon Engineering Co's PB Ratio or its related term are showing as below:
NSE:ELECON'
s PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 1.73 Max: 9.25
Current: 5.09
During the past 13 years, Elecon Engineering Co's highest PB Ratio was 9.25. The lowest was 0.25. And the median was 1.73.
NSE:ELECON's PB Ratio is ranked worse than 77.96% of 2986
companies
in the Industrial Products industry
Industry Median: 2.32
vs NSE:ELECON: 5.09
During the past 12 months, Elecon Engineering Co's average Book Value Per Share Growth Rate was 15.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 21.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Elecon Engineering Co was 23.90% per year. The lowest was -20.50% per year. And the median was 10.00% per year.
Back to Basics: PB Ratio
Elecon Engineering Co (NSE:ELECON) 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 Specialty Industrial Machinery subindustry, Elecon Engineering Co'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.
Elecon Engineering Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elecon Engineering Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Elecon Engineering Co'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.
Elecon Engineering Co (NSE:ELECON) has a PB Ratio of 5.08 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Elecon Engineering Co and its competitors. This is 194% above median its historical median of 1.73. Over the past decade, Elecon Engineering Co's PB Ratio has ranged from 0.25 to 9.25. According to the industry distribution chart, Elecon Engineering Co ranks #2328 out of 2986 companies in the Industrial Products industry, placing it in the top 78%.
Is Elecon Engineering Co's PB Ratio too high?
Elecon Engineering Co's current PB Ratio of 5.08 is 194% above median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 9.25. The Industrial Products industry median PB Ratio is 2.32. Elecon Engineering Co's value of 5.08 is 119% above this industry median. Based on the distribution chart, Elecon Engineering Co ranks #2328 out of 2986 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Elecon Engineering Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elecon Engineering Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elecon Engineering Co ranks #2328 out of 2986 companies for PB Ratio. This places Elecon Engineering Co in the lower half of its industry. The industry median PB Ratio is 2.32. Elecon Engineering Co's value of 5.08 is 119% above this benchmark. Historically, Elecon Engineering Co's own PB Ratio has ranged from 0.25 to 9.25 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 2.32, Elecon Engineering Co 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 2.32, based on 2,986 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. Elecon Engineering Co's current PB Ratio of 5.08 is 119% 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 Elecon Engineering Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecon Engineering Co's current PB Ratio is 5.08, which is 194% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecon Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Elecon Engineering Co (NSE:ELECON) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹644.21, compared to a current price of ₹522.20 — trading 18.9% below its estimated fair value. The current PB Ratio is 5.08, which is 194% above median its 10-year median of 1.73 and 119% above the Industrial Products industry median of 2.32. Elecon Engineering Co's overall GF Score™ is 95/100 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 Elecon Engineering Co (NSE:ELECON), the current PB Ratio is 5.08 as of Jun. 26, 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 Elecon Engineering Co (NSE:ELECON) Overvalued in 2026?
Based on GuruFocus' analysis, Elecon Engineering Co stock appears to be undervalued.
The current stock price of ₹522.20 is trading 18.9% below its estimated GF Value™ of ₹644.21.
GuruFocus considers Elecon Engineering Co to be Modestly Undervalued.
Key valuation signals for NSE:ELECON:
PB Ratio: 5.08 (194% above median its 10-year median of 1.73)
GF Value™: ₹644.21 vs. price of ₹522.20 (18.9% below fair value)
Industry Position: 119% above the Industrial Products median (#2328 of 2986)
No single metric tells the full story. See the NSE:ELECON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecon Engineering Co Ltd is an India-based company engaged in the manufacturing of material handling equipment and industrial gears. It operates through two segments, namely, the Material Handling Equipment segment, which engages in the manufacturing of raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, and port equipment; and Transmission Equipment segment, which manufactures material transmission equipment like gearboxes, couplings, and elevator traction machines. It generates maximum revenue from transmission equipment sales. The group has a business presence in India and Outside India.
95GF Score
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