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Munish ForgeNSE:MUNISH +1.16%13 PB Ratio is 1.34 as of Jul. 17, 2026, which is 50% below its 10-year median of 2.69. GuruFocus rates NSE:MUNISH with a GF Score™ of 13/100. The stock has 4 warning signs investors should review. Among 2,982 Industrial Products companies, Munish Forge ranks better than 69.28% 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 (2026-07-17), Munish Forge's share price is ₹70.05. Munish Forge's Book Value per Share for the quarter that ended in Mar. 2026 was ₹52.45. Hence, Munish Forge's PB Ratio of today is 1.34.
The historical rank and industry rank for Munish Forge's PB Ratio or its related term are showing as below:
NSE:MUNISH'
s PB Ratio Range Over the Past 10 Years
Min: 1.12 Med: 2.69 Max: 4.79
Current: 1.34
During the past 5 years, Munish Forge's highest PB Ratio was 4.79. The lowest was 1.12. And the median was 2.69.
NSE:MUNISH's PB Ratio is ranked better than 69.28% of 2982
companies
in the Industrial Products industry
Industry Median: 2.14
vs NSE:MUNISH: 1.34
During the past 12 months, Munish Forge's average Book Value Per Share Growth Rate was 87.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 52.00% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Munish Forge was 52.00% per year. The lowest was 25.50% per year. And the median was 38.75% 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.
Munish Forge PB Ratio Related Terms
Munish Forge PB Ratio Historical Data
* Premium members only.
The historical data trend for Munish Forge'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.
Munish Forge PB Ratio Chart
Munish Forge Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
PB Ratio
0.00
0.00
0.00
0.00
1.11
Munish Forge Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Mar26
PB Ratio
0.00
0.00
0.00
0.00
1.11
NSE:MUNISH vs CRS, ATI, MLI: PB Ratio Comparison
For the Metal Fabrication subindustry, Munish Forge'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.
Munish Forge PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Munish Forge's PB Ratio distribution charts can be found below:
* The bar in red indicates where Munish Forge'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.
Munish Forge'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.
Munish Forge (NSE:MUNISH) has a PB Ratio of 1.34 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Munish Forge and its competitors. This is 50% below median its historical median of 2.69. Over the past decade, Munish Forge's PB Ratio has ranged from 1.12 to 4.79. According to the industry distribution chart, Munish Forge ranks #916 out of 2982 companies in the Industrial Products industry, placing it in the top 30.7%.
Is Munish Forge's PB Ratio too high?
Munish Forge's current PB Ratio of 1.34 is 50% below median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 4.79. The Industrial Products industry median PB Ratio is 2.14. Munish Forge's value of 1.34 is 37.4% below this industry median. Based on the distribution chart, Munish Forge ranks #916 out of 2982 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Munish Forge has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Munish Forge's PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Munish Forge ranks #916 out of 2982 companies for PB Ratio. This puts Munish Forge in the upper half of its industry. The industry median PB Ratio is 2.14. Munish Forge's value of 1.34 is 37.4% below this benchmark. Historically, Munish Forge's own PB Ratio has ranged from 1.12 to 4.79 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 2.14, Munish Forge has consistently been below 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 2.14, based on 2,982 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. Munish Forge's current PB Ratio of 1.34 is 37.4% below 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 Munish Forge and its competitors. For the Industrial Products industry, the median PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munish Forge's current PB Ratio is 1.34, which is 50% below median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munish Forge stock overvalued right now?
Munish Forge (NSE:MUNISH) has a current PB Ratio of 1.34. The current PB Ratio is 1.34, which is 50% below median its 10-year median of 2.69 and 37.4% below the Industrial Products industry median of 2.14. Munish Forge's overall GF Score™ is 13/100 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 Munish Forge (NSE:MUNISH), the current PB Ratio is 1.34 as of Jul. 17, 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.
Munish Forge Ltd is a manufacturer in the forging and casting industry, specializing in manufacturing premium forged and cast components. It manufactures components like Flange, Scaffolding, Auto parts, Tank tracks chains, Bomb shells, Fence post and steel accessories as per customer specifications and International Standard catering to the requirements of Indian Army and various industries such as Defence, Oil and Gas, Automobile, Construction and Infrastructure.
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