Finolex IndustriesNSE:FINPIPE -4.03%82 PB Ratio is 1.75 as of Jun. 26, 2026, which is 37% below its 10-year median of 2.79. GuruFocus rates NSE:FINPIPE with a GF Score™ of 82/100 and a GF Value™ of ₹210.62 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,722 Construction companies, Finolex Industries ranks worse than 61.44% on this metric.
Finolex Industries Ltd stock PB Ratio (=1.75) is close to 10-year low of 1.58.
The historical rank and industry rank for Finolex Industries's PB Ratio or its related term are showing as below:
NSE:FINPIPE'
s PB Ratio Range Over the Past 10 Years
Min: 1.58 Med: 2.79 Max: 4.12
Current: 1.77
During the past 13 years, Finolex Industries's highest PB Ratio was 4.12. The lowest was 1.58. And the median was 2.79.
NSE:FINPIPE's PB Ratio is ranked worse than 61.44% of 1722
companies
in the Construction industry
Industry Median: 1.32
vs NSE:FINPIPE: 1.77
During the past 12 months, Finolex Industries's average Book Value Per Share Growth Rate was 1.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Finolex Industries was 43.10% per year. The lowest was -5.00% per year. And the median was 9.80% per year.
Back to Basics: PB Ratio
Finolex Industries (NSE:FINPIPE) 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.
Finolex Industries PB Ratio Related Terms
Finolex Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Finolex Industries'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 Building Products & Equipment subindustry, Finolex Industries'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.
Finolex Industries PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Finolex Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Finolex Industries'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.
Finolex Industries (NSE:FINPIPE) has a PB Ratio of 1.75 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 Finolex Industries and its competitors. This is 37% below median its historical median of 2.79. Over the past decade, Finolex Industries' PB Ratio has ranged from 1.58 to 4.12. According to the industry distribution chart, Finolex Industries ranks #1058 out of 1722 companies in the Construction industry, placing it in the top 61.4%.
Is Finolex Industries' PB Ratio too high?
Finolex Industries' current PB Ratio of 1.75 is 37% below median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 4.12. The Construction industry median PB Ratio is 1.32. Finolex Industries' value of 1.75 is 32.6% above this industry median. Based on the distribution chart, Finolex Industries ranks #1058 out of 1722 companies in the Construction industry, which is below the industry midpoint. Overall, Finolex Industries has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Industries' PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Finolex Industries ranks #1058 out of 1722 companies for PB Ratio. This places Finolex Industries in the lower half of its industry. The industry median PB Ratio is 1.32. Finolex Industries' value of 1.75 is 32.6% above this benchmark. Historically, Finolex Industries' own PB Ratio has ranged from 1.58 to 4.12 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 1.32, Finolex Industries 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 Construction company?
The median PB Ratio among Construction companies is 1.32, based on 1,722 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. Finolex Industries's current PB Ratio of 1.75 is 32.6% 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 Finolex Industries and its competitors. For the Construction industry, the median PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Industries's current PB Ratio is 1.75, which is 37% below median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Industries stock overvalued right now?
Based on GuruFocus' analysis, Finolex Industries (NSE:FINPIPE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹210.62, compared to a current price of ₹176.25 — trading 16.3% below its estimated fair value. The current PB Ratio is 1.75, which is 37% below median its 10-year median of 2.79 and 32.6% above the Construction industry median of 1.32. Finolex Industries' overall GF Score™ is 82/100 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 Finolex Industries (NSE:FINPIPE), the current PB Ratio is 1.75 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 Finolex Industries (NSE:FINPIPE) Overvalued in 2026?
Based on GuruFocus' analysis, Finolex Industries stock appears to be undervalued.
The current stock price of ₹176.25 is trading 16.3% below its estimated GF Value™ of ₹210.62.
GuruFocus considers Finolex Industries to be Modestly Undervalued.
Key valuation signals for NSE:FINPIPE:
PB Ratio: 1.75 (37% below median its 10-year median of 2.79)
GF Value™: ₹210.62 vs. price of ₹176.25 (16.3% below fair value)
Industry Position: 32.6% above the Construction median (#1058 of 1722)
No single metric tells the full story. See the NSE:FINPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finolex Industries Ltd manufactures rigid polyvinyl chloride pipes and resins, and fittings. Pipes and fittings are developed out of manufacturing plants strategically located in India. Finolex's products are designed to meet a range of specifications such as size, pressure classes, and diameters. Traditionally, market participants in agriculture, housing, telecom, construction, and other industries have constituted the largest portion of the company's customer base. In addition to the number of manufacturing plants across India, Finolex depends on a network of direct and indirect retail outlets across the country to deliver its services to numerous industries.
82GF Score
Get the complete analysis for NSE:FINPIPE
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:FINPIPE has been successfully added to your 
