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Ion Exchange (India)NSE:IONEXCHANG +0.17%86 PB Ratio is 3.47 as of Aug. 14, 2026, which is 14% below its 10-year median of 4.05. GuruFocus rates NSE:IONEXCHANG with a GF Score™ of 86/100 and a GF Value™ of ₹628.84 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,979 Industrial Products companies, Ion Exchange (India) ranks worse than 67.77% on this metric.
Ion Exchange (India) Ltd stock PB Ratio (=3.46) is close to 5-year low of 3.14.
The historical rank and industry rank for Ion Exchange (India)'s PB Ratio or its related term are showing as below:
NSE:IONEXCHANG'
s PB Ratio Range Over the Past 10 Years
Min: 2.03 Med: 4.05 Max: 9.65
Current: 3.47
During the past 13 years, Ion Exchange (India)'s highest PB Ratio was 9.65. The lowest was 2.03. And the median was 4.05.
NSE:IONEXCHANG's PB Ratio is ranked worse than 67.77% of 2979
companies
in the Industrial Products industry
Industry Median: 2.21
vs NSE:IONEXCHANG: 3.47
During the past 12 months, Ion Exchange (India)'s average Book Value Per Share Growth Rate was 10.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 21.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 29.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ion Exchange (India) was 44.80% per year. The lowest was 2.10% per year. And the median was 8.30% 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.
Ion Exchange (India) PB Ratio Related Terms
Ion Exchange (India) PB Ratio Historical Data
* Premium members only.
The historical data trend for Ion Exchange (India)'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.
NSE:IONEXCHANG vs VLTO, ZWS, CECO: PB Ratio Comparison
For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'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.
Ion Exchange (India) PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Ion Exchange (India)'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.
Ion Exchange (India) (NSE:IONEXCHANG) has a PB Ratio of 3.47 as of Aug. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ion Exchange (India) and its competitors. This is 14% below median its historical median of 4.05. Over the past decade, Ion Exchange (India)'s PB Ratio has ranged from 2.03 to 9.65. According to the industry distribution chart, Ion Exchange (India) ranks #2019 out of 2979 companies in the Industrial Products industry, placing it in the top 67.8%.
Is Ion Exchange (India)'s PB Ratio too high?
Ion Exchange (India)'s current PB Ratio of 3.47 is 14% below median its 10-year median of 4.05. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 9.65. The Industrial Products industry median PB Ratio is 2.21. Ion Exchange (India)'s value of 3.47 is 57% above this industry median. Based on the distribution chart, Ion Exchange (India) ranks #2019 out of 2979 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ion Exchange (India) has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ion Exchange (India)'s PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Ion Exchange (India) ranks #2019 out of 2979 companies for PB Ratio. This places Ion Exchange (India) in the lower half of its industry. The industry median PB Ratio is 2.21. Ion Exchange (India)'s value of 3.47 is 57% above this benchmark. Historically, Ion Exchange (India)'s own PB Ratio has ranged from 2.03 to 9.65 over the past decade. While the company's 10-year median is 4.05 vs. the industry median of 2.21, Ion Exchange (India) 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 2.21, based on 2,979 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. Ion Exchange (India)'s current PB Ratio of 3.47 is 57% 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 Ion Exchange (India) and its competitors. For the Industrial Products industry, the median PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ion Exchange (India)'s current PB Ratio is 3.47, which is 14% below median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ion Exchange (India) stock overvalued right now?
Based on GuruFocus' analysis, Ion Exchange (India) (NSE:IONEXCHANG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹628.84, compared to a current price of ₹377.50 — trading 40% below its estimated fair value. The current PB Ratio is 3.47, which is 14% below median its 10-year median of 4.05 and 57% above the Industrial Products industry median of 2.21. Ion Exchange (India)'s overall GF Score™ is 86/100 with 8 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 Ion Exchange (India) (NSE:IONEXCHANG), the current PB Ratio is 3.47 as of Aug. 14, 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 Ion Exchange (India) (NSE:IONEXCHANG) Overvalued in 2026?
Based on GuruFocus' analysis, Ion Exchange (India) stock appears to be undervalued.
The current stock price of ₹377.50 is trading 40% below its estimated GF Value™ of ₹628.84.
GuruFocus considers Ion Exchange (India) to be Possible Value Trap.
Key valuation signals for NSE:IONEXCHANG:
PB Ratio: 3.47 (14% below median its 10-year median of 4.05)
GF Value™: ₹628.84 vs. price of ₹377.50 (40% below fair value)
Industry Position: 57% above the Industrial Products median (#2019 of 2979)
No single metric tells the full story. See the NSE:IONEXCHANG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ion Exchange (India) Ltd offers a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination, etc. It also engaged in manufacturing resins, and specialty chemicals for water and wastewater treatment as well as non-water applications. It operates its business through the Engineering segment, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. It caters to both domestic and international markets.
86GF Score
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