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Hindustan ZincNSE:HINDZINC -2.84%97 PB Ratio is 10.49 as of Aug. 16, 2026, which is 174% above its 10-year median of 3.83. GuruFocus rates NSE:HINDZINC with a GF Score™ of 97/100 and a GF Value™ of ₹658.37 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,361 Metals & Mining companies, Hindustan Zinc ranks worse than 89.67% 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 (2026-08-16), Hindustan Zinc's share price is ₹561.90. Hindustan Zinc's Book Value per Share for the quarter that ended in Jun. 2026 was ₹53.56. Hence, Hindustan Zinc's PB Ratio of today is 10.49.
Good Sign:
Hindustan Zinc Ltd stock PB Ratio (=10.49) is close to 2-year low of 9.63.
The historical rank and industry rank for Hindustan Zinc's PB Ratio or its related term are showing as below:
NSE:HINDZINC'
s PB Ratio Range Over the Past 10 Years
Min: 1.69 Med: 3.83 Max: 30.99
Current: 10.49
During the past 13 years, Hindustan Zinc's highest PB Ratio was 30.99. The lowest was 1.69. And the median was 3.83.
NSE:HINDZINC's PB Ratio is ranked worse than 89.67% of 2361
companies
in the Metals & Mining industry
Industry Median: 2.31
vs NSE:HINDZINC: 10.49
During the past 12 months, Hindustan Zinc's average Book Value Per Share Growth Rate was 69.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 20.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -12.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -9.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hindustan Zinc was 78.70% per year. The lowest was -31.50% per year. And the median was 9.40% 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.
Hindustan Zinc PB Ratio Related Terms
Hindustan Zinc PB Ratio Historical Data
* Premium members only.
The historical data trend for Hindustan Zinc'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 Other Industrial Metals & Mining subindustry, Hindustan Zinc'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.
Hindustan Zinc PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hindustan Zinc's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hindustan Zinc'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.
Hindustan Zinc's PB Ratio for today is calculated as follows:
* 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.
Hindustan Zinc (NSE:HINDZINC) has a PB Ratio of 10.49 as of Aug. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hindustan Zinc and its competitors. This is 174% above median its historical median of 3.83. Over the past decade, Hindustan Zinc's PB Ratio has ranged from 1.69 to 30.99. According to the industry distribution chart, Hindustan Zinc ranks #2117 out of 2361 companies in the Metals & Mining industry, placing it in the top 89.7%.
Is Hindustan Zinc's PB Ratio too high?
Hindustan Zinc's current PB Ratio of 10.49 is 174% above median its 10-year median of 3.83. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 30.99. The Metals & Mining industry median PB Ratio is 2.31. Hindustan Zinc's value of 10.49 is 354.1% above this industry median. Based on the distribution chart, Hindustan Zinc ranks #2117 out of 2361 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Hindustan Zinc has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Zinc's PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Hindustan Zinc ranks #2117 out of 2361 companies for PB Ratio. This places Hindustan Zinc in the lower half of its industry. The industry median PB Ratio is 2.31. Hindustan Zinc's value of 10.49 is 354.1% above this benchmark. Historically, Hindustan Zinc's own PB Ratio has ranged from 1.69 to 30.99 over the past decade. While the company's 10-year median is 3.83 vs. the industry median of 2.31, Hindustan Zinc 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 Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.31, based on 2,361 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. Hindustan Zinc's current PB Ratio of 10.49 is 354.1% 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 Hindustan Zinc and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Zinc's current PB Ratio is 10.49, which is 174% above median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Zinc stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Zinc (NSE:HINDZINC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹658.37, compared to a current price of ₹561.90 — trading 14.7% below its estimated fair value. The current PB Ratio is 10.49, which is 174% above median its 10-year median of 3.83 and 354.1% above the Metals & Mining industry median of 2.31. Hindustan Zinc's overall GF Score™ is 97/100 with 1 warning sign 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 Hindustan Zinc (NSE:HINDZINC), the current PB Ratio is 10.49 as of Aug. 16, 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 Hindustan Zinc (NSE:HINDZINC) Overvalued in 2026?
Based on GuruFocus' analysis, Hindustan Zinc stock appears to be undervalued.
The current stock price of ₹561.90 is trading 14.7% below its estimated GF Value™ of ₹658.37.
GuruFocus considers Hindustan Zinc to be Modestly Undervalued.
Key valuation signals for NSE:HINDZINC:
PB Ratio: 10.49 (174% above median its 10-year median of 3.83)
GF Value™: ₹658.37 vs. price of ₹561.90 (14.7% below fair value)
Industry Position: 354.1% above the Metals & Mining median (#2117 of 2361)
No single metric tells the full story. See the NSE:HINDZINC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hindustan Zinc Ltd is engaged in exploring, extracting, and processing minerals. Its operations include five zinc-lead mines, four zinc smelters, one lead smelter, one zinc-lead smelter, eight sulphuric acid plants, one silver refinery plant, six captive thermal power plants, and four captive solar plants in Rajasthan. The Company also has a rock-phosphate mine in Matoon near Udaipur, Rajasthan, and zinc, lead, and silver processing and refining facilities in Uttarakhand. The Group produces zinc, lead, silver, commercial power, and alloys. The Group operates through two reportable segments: Zinc, Lead, Silver & Others, which generates the maximum revenue, and Wind Energy. The company generates the maximum revenue from India.
97GF Score
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