Indian Overseas BankNSE:IOB -0.14%62 PB Ratio is 1.82 as of Jun. 24, 2026, which is 2% above its 10-year median of 1.79. GuruFocus rates NSE:IOB with a GF Score™ of 62/100 and a GF Value™ of ₹48.00 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,516 Banks companies, Indian Overseas Bank ranks worse than 86.48% on this metric.
Indian Overseas Bank stock PB Ratio (=1.83) is close to 3-year low of 1.71.
The historical rank and industry rank for Indian Overseas Bank's PB Ratio or its related term are showing as below:
NSE:IOB'
s PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 1.79 Max: 5.02
Current: 1.83
During the past 13 years, Indian Overseas Bank's highest PB Ratio was 5.02. The lowest was 0.30. And the median was 1.79.
NSE:IOB's PB Ratio is ranked worse than 86.48% of 1516
companies
in the Banks industry
Industry Median: 1.08
vs NSE:IOB: 1.83
During the past 12 months, Indian Overseas Bank's average Book Value Per Share Growth Rate was 14.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -12.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Indian Overseas Bank was 31.00% per year. The lowest was -44.00% per year. And the median was 1.80% per year.
Back to Basics: PB Ratio
Indian Overseas Bank (NSE:IOB) 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.
Indian Overseas Bank PB Ratio Related Terms
Indian Overseas Bank PB Ratio Historical Data
* Premium members only.
The historical data trend for Indian Overseas Bank'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.
Indian Overseas Bank PB Ratio Competitor Comparison
For the Banks - Regional subindustry, Indian Overseas Bank'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.
Indian Overseas Bank PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Indian Overseas Bank's PB Ratio distribution charts can be found below:
* The bar in red indicates where Indian Overseas Bank'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.
Indian Overseas Bank (NSE:IOB) has a PB Ratio of 1.82 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Indian Overseas Bank and its competitors. This is near median its historical median of 1.79. Over the past decade, Indian Overseas Bank's PB Ratio has ranged from 0.30 to 5.02. According to the industry distribution chart, Indian Overseas Bank ranks #1311 out of 1516 companies in the Banks industry, placing it in the top 86.5%.
Is Indian Overseas Bank's PB Ratio too high?
Indian Overseas Bank's current PB Ratio of 1.82 is near median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 5.02. The Banks industry median PB Ratio is 1.08. Indian Overseas Bank's value of 1.82 is 68.5% above this industry median. Based on the distribution chart, Indian Overseas Bank ranks #1311 out of 1516 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Indian Overseas Bank has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Overseas Bank's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Indian Overseas Bank ranks #1311 out of 1516 companies for PB Ratio. This places Indian Overseas Bank in the lower half of its industry. The industry median PB Ratio is 1.08. Indian Overseas Bank's value of 1.82 is 68.5% above this benchmark. Historically, Indian Overseas Bank's own PB Ratio has ranged from 0.30 to 5.02 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 1.08, Indian Overseas Bank 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 Banks company?
The median PB Ratio among Banks companies is 1.08, based on 1,516 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. Indian Overseas Bank's current PB Ratio of 1.82 is 68.5% 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 Indian Overseas Bank and its competitors. For the Banks industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Overseas Bank's current PB Ratio is 1.82, which is near median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Overseas Bank stock overvalued right now?
Based on GuruFocus' analysis, Indian Overseas Bank (NSE:IOB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹48.00, compared to a current price of ₹34.90 — trading 27.3% below its estimated fair value. The current PB Ratio is 1.82, which is near median its 10-year median of 1.79 and 68.5% above the Banks industry median of 1.08. Indian Overseas Bank's overall GF Score™ is 62/100 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 Indian Overseas Bank (NSE:IOB), the current PB Ratio is 1.82 as of Jun. 24, 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 Indian Overseas Bank (NSE:IOB) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Overseas Bank stock appears to be undervalued.
The current stock price of ₹34.90 is trading 27.3% below its estimated GF Value™ of ₹48.00.
GuruFocus considers Indian Overseas Bank to be Modestly Undervalued.
Key valuation signals for NSE:IOB:
PB Ratio: 1.82 (near median its 10-year median of 1.79)
GF Value™: ₹48.00 vs. price of ₹34.90 (27.3% below fair value)
Industry Position: 68.5% above the Banks median (#1311 of 1516)
No single metric tells the full story. See the NSE:IOB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Overseas Bank is engaged in the banking sector. The bank is based in India and has branches in several Asian countries. The bank's business segments are Treasury Segment includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts; Corporate/Wholesale Banking segment comprises the lending activities of borrowers having exposure of seven Crores and above; Retail Banking include exposures which fulfil the four criteria of orientation, product, granularity, and low value of individual exposures for retail exposures; Digital Banking Segment as a sub-segment of Retail Banking Segment; and Other Banking Operations Segments which are not covered above. Majority of income comes from Retail Banking. It generates majority of income from Domestic.
62GF Score
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