IRCON InternationalNSE:IRCON -0.58%82 PB Ratio is 1.92 as of Jun. 24, 2026, which is 83% above its 10-year median of 1.05. GuruFocus rates NSE:IRCON with a GF Score™ of 82/100 and a GF Value™ of ₹154.72 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,722 Construction companies, IRCON International ranks worse than 62.83% on this metric.
IRCON International Ltd stock PB Ratio (=1.94) is close to 2-year low of 1.77.
The historical rank and industry rank for IRCON International's PB Ratio or its related term are showing as below:
NSE:IRCON'
s PB Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.05 Max: 4.43
Current: 1.92
During the past 13 years, IRCON International's highest PB Ratio was 4.43. The lowest was 0.71. And the median was 1.05.
NSE:IRCON's PB Ratio is ranked worse than 62.83% of 1722
companies
in the Construction industry
Industry Median: 1.31
vs NSE:IRCON: 1.92
During the past 12 months, IRCON International's average Book Value Per Share Growth Rate was 4.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of IRCON International was 13.60% per year. The lowest was 2.90% per year. And the median was 7.70% per year.
Back to Basics: PB Ratio
IRCON International (NSE:IRCON) 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.
IRCON International PB Ratio Related Terms
IRCON International PB Ratio Historical Data
* Premium members only.
The historical data trend for IRCON International'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 Engineering & Construction subindustry, IRCON International'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.
IRCON International PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, IRCON International's PB Ratio distribution charts can be found below:
* The bar in red indicates where IRCON International'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.
IRCON International (NSE:IRCON) has a PB Ratio of 1.92 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 IRCON International and its competitors. This is 83% above median its historical median of 1.05. Over the past decade, IRCON International's PB Ratio has ranged from 0.71 to 4.43. According to the industry distribution chart, IRCON International ranks #1082 out of 1722 companies in the Construction industry, placing it in the top 62.8%.
Is IRCON International's PB Ratio too high?
IRCON International's current PB Ratio of 1.92 is 83% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 4.43. The Construction industry median PB Ratio is 1.31. IRCON International's value of 1.92 is 46.6% above this industry median. Based on the distribution chart, IRCON International ranks #1082 out of 1722 companies in the Construction industry, which is below the industry midpoint. Overall, IRCON International has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IRCON International's PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, IRCON International ranks #1082 out of 1722 companies for PB Ratio. This places IRCON International in the lower half of its industry. The industry median PB Ratio is 1.31. IRCON International's value of 1.92 is 46.6% above this benchmark. Historically, IRCON International's own PB Ratio has ranged from 0.71 to 4.43 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.31, IRCON International 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 1.31, 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. IRCON International's current PB Ratio of 1.92 is 46.6% 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 IRCON International and its competitors. For the Construction industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRCON International's current PB Ratio is 1.92, which is 83% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRCON International stock overvalued right now?
Based on GuruFocus' analysis, IRCON International (NSE:IRCON) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹154.72, compared to a current price of ₹135.66 — trading 12.3% below its estimated fair value. The current PB Ratio is 1.92, which is 83% above median its 10-year median of 1.05 and 46.6% above the Construction industry median of 1.31. IRCON International's overall GF Score™ is 82/100 with 4 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 IRCON International (NSE:IRCON), the current PB Ratio is 1.92 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 IRCON International (NSE:IRCON) Overvalued in 2026?
Based on GuruFocus' analysis, IRCON International stock appears to be undervalued.
The current stock price of ₹135.66 is trading 12.3% below its estimated GF Value™ of ₹154.72.
GuruFocus considers IRCON International to be Modestly Undervalued.
Key valuation signals for NSE:IRCON:
PB Ratio: 1.92 (83% above median its 10-year median of 1.05)
GF Value™: ₹154.72 vs. price of ₹135.66 (12.3% below fair value)
Industry Position: 46.6% above the Construction median (#1082 of 1722)
No single metric tells the full story. See the NSE:IRCON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRCON International Ltd is an India-based integrated engineering and construction company having expertise in infrastructure sectors, including railways, highways, bridges, flyovers, tunnels, metro, railway electrification, EHV sub-stations, electrical and mechanical works, commercial and residential buildings, railway production units, and others. It offers Engineering Procurement and Construction (EPC) services on a lump sum, turnkey, EPC, and item-rate basis for various infrastructure projects. Its geographic segments are International and Domestic, in which it derives a majority of its revenue from India.
82GF Score
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