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Muthoot FinanceNSE:MUTHOOTFIN +2.56%78 PB Ratio is 2.76 as of Sep. 21, 2026, which is 5% below its 10-year median of 2.91. GuruFocus rates NSE:MUTHOOTFIN with a GF Score™ of 78/100 and a GF Value™ of ₹3,501.47 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 528 Credit Services companies, Muthoot Finance ranks worse than 84.09% 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 (2026-09-21), Muthoot Finance's share price is ₹2841.10. Muthoot Finance's Book Value per Share for the quarter that ended in Jun. 2026 was ₹1,027.95. Hence, Muthoot Finance's PB Ratio of today is 2.76.
Good Sign:
Muthoot Finance Ltd stock PB Ratio (=2.76) is close to 2-year low of 2.68.
The historical rank and industry rank for Muthoot Finance's PB Ratio or its related term are showing as below:
NSE:MUTHOOTFIN'
s PB Ratio Range Over the Past 10 Years
Min: 1.8 Med: 2.91 Max: 4.69
Current: 2.81
During the past 13 years, Muthoot Finance's highest PB Ratio was 4.69. The lowest was 1.80. And the median was 2.91.
NSE:MUTHOOTFIN's PB Ratio is ranked worse than 84.09% of 528
companies
in the Credit Services industry
Industry Median: 1.01
vs NSE:MUTHOOTFIN: 2.81
During the past 12 months, Muthoot Finance's average Book Value Per Share Growth Rate was 33.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 21.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Muthoot Finance was 100.80% per year. The lowest was 11.90% per year. And the median was 22.05% 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.
Muthoot Finance PB Ratio Related Terms
Muthoot Finance PB Ratio Historical Data
* Premium members only.
The historical data trend for Muthoot Finance'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 Credit Services subindustry, Muthoot Finance'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.
Muthoot Finance PB Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Muthoot Finance's PB Ratio distribution charts can be found below:
* The bar in red indicates where Muthoot Finance'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.
Muthoot Finance'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.
Muthoot Finance (NSE:MUTHOOTFIN) has a PB Ratio of 2.76 as of Sep. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Muthoot Finance and its competitors. This is near median its historical median of 2.91. Over the past decade, Muthoot Finance's PB Ratio has ranged from 1.80 to 4.69. According to the industry distribution chart, Muthoot Finance ranks #444 out of 528 companies in the Credit Services industry, placing it in the top 84.1%.
Is Muthoot Finance's PB Ratio too high?
Muthoot Finance's current PB Ratio of 2.76 is near median its 10-year median of 2.91. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 4.69. The Credit Services industry median PB Ratio is 1.01. Muthoot Finance's value of 2.76 is 173.3% above this industry median. Based on the distribution chart, Muthoot Finance ranks #444 out of 528 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Muthoot Finance has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Muthoot Finance's PB Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Muthoot Finance ranks #444 out of 528 companies for PB Ratio. This places Muthoot Finance in the lower half of its industry. The industry median PB Ratio is 1.01. Muthoot Finance's value of 2.76 is 173.3% above this benchmark. Historically, Muthoot Finance's own PB Ratio has ranged from 1.80 to 4.69 over the past decade. While the company's 10-year median is 2.91 vs. the industry median of 1.01, Muthoot Finance 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 Credit Services company?
The median PB Ratio among Credit Services companies is 1.01, based on 528 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. Muthoot Finance's current PB Ratio of 2.76 is 173.3% 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 Muthoot Finance and its competitors. For the Credit Services industry, the median PB Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muthoot Finance's current PB Ratio is 2.76, which is near median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muthoot Finance stock overvalued right now?
Based on GuruFocus' analysis, Muthoot Finance (NSE:MUTHOOTFIN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,501.47, compared to a current price of ₹2,841.10 — trading 18.9% below its estimated fair value. The current PB Ratio is 2.76, which is near median its 10-year median of 2.91 and 173.3% above the Credit Services industry median of 1.01. Muthoot Finance's overall GF Score™ is 78/100 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 Muthoot Finance (NSE:MUTHOOTFIN), the current PB Ratio is 2.76 as of Sep. 21, 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 Muthoot Finance (NSE:MUTHOOTFIN) Overvalued in 2026?
Based on GuruFocus' analysis, Muthoot Finance stock appears to be undervalued.
The current stock price of ₹2,841.10 is trading 18.9% below its estimated GF Value™ of ₹3,501.47.
GuruFocus considers Muthoot Finance to be Modestly Undervalued.
Key valuation signals for NSE:MUTHOOTFIN:
PB Ratio: 2.76 (near median its 10-year median of 2.91)
GF Value™: ₹3,501.47 vs. price of ₹2,841.10 (18.9% below fair value)
Industry Position: 173.3% above the Credit Services median (#444 of 528)
No single metric tells the full story. See the NSE:MUTHOOTFIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Muthoot Finance Ltd is a non-deposit-taking, non-banking financial company with thousands of branches in India. The company's main business is providing personal and business loans to individuals who do not have access to formal credit. The loans are typically secured by gold jewelry. The company also offers some microfinance loans and housing loans to customer segments and areas that are underserved by banks. Interest income accounts for nearly all the company's revenue. It has operations in Sri Lanka and India, with India providing almost all the company's revenue.
78GF Score
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