MTAR TechnologiesNSE:MTARTECH +2.57%69 PB Ratio is 29.83 as of Jun. 26, 2026, which is 236% above its 10-year median of 8.89. GuruFocus rates NSE:MTARTECH with a GF Score™ of 69/100 and a GF Value™ of ₹3,338.82 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,986 Industrial Products companies, MTAR Technologies ranks worse than 98.66% on this metric.
MTAR Technologies Ltd stock PB Ratio (=29.69) is close to 10-year high of 31.3.
The historical rank and industry rank for MTAR Technologies's PB Ratio or its related term are showing as below:
NSE:MTARTECH'
s PB Ratio Range Over the Past 10 Years
Min: 5.41 Med: 8.89 Max: 31.3
Current: 29.69
During the past 9 years, MTAR Technologies's highest PB Ratio was 31.30. The lowest was 5.41. And the median was 8.89.
NSE:MTARTECH's PB Ratio is ranked worse than 98.66% of 2986
companies
in the Industrial Products industry
Industry Median: 2.27
vs NSE:MTARTECH: 29.69
During the past 12 months, MTAR Technologies's average Book Value Per Share Growth Rate was 12.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.60% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of MTAR Technologies was 40.20% per year. The lowest was 9.90% per year. And the median was 21.35% per year.
Back to Basics: PB Ratio
MTAR Technologies (NSE:MTARTECH) 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.
MTAR Technologies PB Ratio Related Terms
MTAR Technologies PB Ratio Historical Data
* Premium members only.
The historical data trend for MTAR Technologies'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 Specialty Industrial Machinery subindustry, MTAR Technologies'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.
MTAR Technologies PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, MTAR Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where MTAR Technologies'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.
MTAR Technologies (NSE:MTARTECH) has a PB Ratio of 29.83 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MTAR Technologies and its competitors. This is 236% above median its historical median of 8.89. Over the past decade, MTAR Technologies' PB Ratio has ranged from 5.41 to 31.30. According to the industry distribution chart, MTAR Technologies ranks #2946 out of 2986 companies in the Industrial Products industry, placing it in the top 98.7%.
Is MTAR Technologies' PB Ratio too high?
MTAR Technologies' current PB Ratio of 29.83 is 236% above median its 10-year median of 8.89. Over the past 10 years, this metric has ranged from a low of 5.41 to a high of 31.30. The Industrial Products industry median PB Ratio is 2.27. MTAR Technologies' value of 29.83 is 1214.1% above this industry median. Based on the distribution chart, MTAR Technologies ranks #2946 out of 2986 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, MTAR Technologies has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTAR Technologies' PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, MTAR Technologies ranks #2946 out of 2986 companies for PB Ratio. This places MTAR Technologies in the lower half of its industry. The industry median PB Ratio is 2.27. MTAR Technologies' value of 29.83 is 1214.1% above this benchmark. Historically, MTAR Technologies' own PB Ratio has ranged from 5.41 to 31.30 over the past decade. While the company's 10-year median is 8.89 vs. the industry median of 2.27, MTAR Technologies 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 2.27, based on 2,986 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. MTAR Technologies's current PB Ratio of 29.83 is 1214.1% 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 MTAR Technologies and its competitors. For the Industrial Products industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTAR Technologies's current PB Ratio is 29.83, which is 236% above median its own 10-year median of 8.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTAR Technologies stock overvalued right now?
Based on GuruFocus' analysis, MTAR Technologies (NSE:MTARTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3,338.82, compared to a current price of ₹7,976.50 — trading 138.9% above its estimated fair value. The current PB Ratio is 29.83, which is 236% above median its 10-year median of 8.89 and 1214.1% above the Industrial Products industry median of 2.27. MTAR Technologies' overall GF Score™ is 69/100 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 MTAR Technologies (NSE:MTARTECH), the current PB Ratio is 29.83 as of Jun. 26, 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 MTAR Technologies (NSE:MTARTECH) Overvalued in 2026?
Based on GuruFocus' analysis, MTAR Technologies stock appears to be overvalued.
The current stock price of ₹7,976.50 is trading 138.9% above its estimated GF Value™ of ₹3,338.82.
GuruFocus considers MTAR Technologies to be Significantly Overvalued.
Key valuation signals for NSE:MTARTECH:
PB Ratio: 29.83 (236% above median its 10-year median of 8.89)
GF Value™: ₹3,338.82 vs. price of ₹7,976.50 (138.9% above fair value)
Industry Position: 1214.1% above the Industrial Products median (#2946 of 2986)
No single metric tells the full story. See the NSE:MTARTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTAR Technologies Ltd is a national player in the precision engineering industry. It is engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality control processes. A wide range of complex product portfolios meets the varied requirements of the Nuclear, Space and Defence, and Clean Energy sector. Geographically, it operates in India as well as Outside India.
69GF Score
Get the complete analysis for NSE:MTARTECH
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MTARTECH has been successfully added to your 
