Gujarat Mineral DevelopmentNSE:GMDCLTD -0.73%64 PB Ratio is 2.68 as of Jun. 25, 2026, which is 195% above its 10-year median of 0.91. GuruFocus rates NSE:GMDCLTD with a GF Score™ of 64/100 and a GF Value™ of ₹372.56 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 176 Other Energy Sources companies, Gujarat Mineral Development ranks worse than 72.16% on this metric.
The historical rank and industry rank for Gujarat Mineral Development's PB Ratio or its related term are showing as below:
NSE:GMDCLTD'
s PB Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.91 Max: 3.31
Current: 2.69
During the past 13 years, Gujarat Mineral Development's highest PB Ratio was 3.31. The lowest was 0.24. And the median was 0.91.
NSE:GMDCLTD's PB Ratio is ranked worse than 72.16% of 176
companies
in the Other Energy Sources industry
Industry Median: 1.39
vs NSE:GMDCLTD: 2.69
During the past 12 months, Gujarat Mineral Development's average Book Value Per Share Growth Rate was 10.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Gujarat Mineral Development was 21.70% per year. The lowest was -2.20% per year. And the median was 12.00% per year.
Back to Basics: PB Ratio
Gujarat Mineral Development (NSE:GMDCLTD) 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.
Gujarat Mineral Development PB Ratio Related Terms
Gujarat Mineral Development PB Ratio Historical Data
* 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.
Gujarat Mineral Development PB Ratio Competitor Comparison
For the Thermal Coal subindustry, Gujarat Mineral Development'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.
Gujarat Mineral Development PB Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Gujarat Mineral Development's PB Ratio distribution charts can be found below:
* The bar in red indicates where Gujarat Mineral Development'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.
Gujarat Mineral Development (NSE:GMDCLTD) has a PB Ratio of 2.68 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Gujarat Mineral Development and its competitors. This is 195% above median its historical median of 0.91. Over the past decade, Gujarat Mineral Development's PB Ratio has ranged from 0.24 to 3.31. According to the industry distribution chart, Gujarat Mineral Development ranks #127 out of 176 companies in the Other Energy Sources industry, placing it in the top 72.2%.
Is Gujarat Mineral Development's PB Ratio too high?
Gujarat Mineral Development's current PB Ratio of 2.68 is 195% above median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 3.31. The Other Energy Sources industry median PB Ratio is 1.39. Gujarat Mineral Development's value of 2.68 is 92.8% above this industry median. Based on the distribution chart, Gujarat Mineral Development ranks #127 out of 176 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, Gujarat Mineral Development has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Mineral Development's PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Gujarat Mineral Development ranks #127 out of 176 companies for PB Ratio. This places Gujarat Mineral Development in the lower half of its industry. The industry median PB Ratio is 1.39. Gujarat Mineral Development's value of 2.68 is 92.8% above this benchmark. Historically, Gujarat Mineral Development's own PB Ratio has ranged from 0.24 to 3.31 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 1.39, Gujarat Mineral Development 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 Other Energy Sources company?
The median PB Ratio among Other Energy Sources companies is 1.39, based on 176 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. Gujarat Mineral Development's current PB Ratio of 2.68 is 92.8% 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 Gujarat Mineral Development and its competitors. For the Other Energy Sources industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Mineral Development's current PB Ratio is 2.68, which is 195% above median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Mineral Development stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Mineral Development (NSE:GMDCLTD) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹372.56, compared to a current price of ₹597.00 — trading 60.2% above its estimated fair value. The current PB Ratio is 2.68, which is 195% above median its 10-year median of 0.91 and 92.8% above the Other Energy Sources industry median of 1.39. Gujarat Mineral Development's overall GF Score™ is 64/100 with 2 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 Gujarat Mineral Development (NSE:GMDCLTD), the current PB Ratio is 2.68 as of Jun. 25, 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 Gujarat Mineral Development (NSE:GMDCLTD) Overvalued in 2026?
Based on GuruFocus' analysis, Gujarat Mineral Development stock appears to be overvalued.
The current stock price of ₹597.00 is trading 60.2% above its estimated GF Value™ of ₹372.56.
GuruFocus considers Gujarat Mineral Development to be Significantly Overvalued.
Key valuation signals for NSE:GMDCLTD:
PB Ratio: 2.68 (195% above median its 10-year median of 0.91)
GF Value™: ₹372.56 vs. price of ₹597.00 (60.2% above fair value)
Industry Position: 92.8% above the Other Energy Sources median (#127 of 176)
No single metric tells the full story. See the NSE:GMDCLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gujarat Mineral Development Corp Ltd is a mineral resource mining company. Its operations include lignite mining, bauxite mining, fluorspar mining, manganese mining, and power generation. The company's segments include Mining and Power. The majority of its revenue is derived from the Mining segment which engages in the mining and sale of manganese, bauxite, limestone, silica sand, and others. Geographically, the company operates only in India.
64GF Score
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