Narmada AgrobaseNSE:NARMADA +3.74%67 PB Ratio is 2.32 as of Jul. 05, 2026, which is 33% above its 10-year median of 1.74. GuruFocus rates NSE:NARMADA with a GF Score™ of 67/100 and a GF Value™ of ₹12.11 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 247 Agriculture companies, Narmada Agrobase ranks worse than 72.06% 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 (2026-07-05), Narmada Agrobase's share price is ₹36.34. Narmada Agrobase's Book Value per Share for the quarter that ended in Mar. 2026 was ₹15.64. Hence, Narmada Agrobase's PB Ratio of today is 2.32.
The historical rank and industry rank for Narmada Agrobase's PB Ratio or its related term are showing as below:
NSE:NARMADA'
s PB Ratio Range Over the Past 10 Years
Min: 1.03 Med: 1.74 Max: 4.43
Current: 2.32
During the past 13 years, Narmada Agrobase's highest PB Ratio was 4.43. The lowest was 1.03. And the median was 1.74.
NSE:NARMADA's PB Ratio is ranked worse than 72.06% of 247
companies
in the Agriculture industry
Industry Median: 1.49
vs NSE:NARMADA: 2.32
During the past 12 months, Narmada Agrobase's average Book Value Per Share Growth Rate was 6.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 26.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Narmada Agrobase was 249.10% per year. The lowest was 3.50% per year. And the median was 26.40% per year.
Back to Basics: PB Ratio
Narmada Agrobase (NSE:NARMADA) 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.
Narmada Agrobase PB Ratio Related Terms
Narmada Agrobase PB Ratio Historical Data
* Premium members only.
The historical data trend for Narmada Agrobase'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 Agricultural Inputs subindustry, Narmada Agrobase'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.
Narmada Agrobase PB Ratio vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Narmada Agrobase's PB Ratio distribution charts can be found below:
* The bar in red indicates where Narmada Agrobase'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.
Narmada Agrobase (NSE:NARMADA) has a PB Ratio of 2.32 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Narmada Agrobase and its competitors. This is 33% above median its historical median of 1.74. Over the past decade, Narmada Agrobase's PB Ratio has ranged from 1.03 to 4.43. According to the industry distribution chart, Narmada Agrobase ranks #178 out of 247 companies in the Agriculture industry, placing it in the top 72.1%.
Is Narmada Agrobase's PB Ratio too high?
Narmada Agrobase's current PB Ratio of 2.32 is 33% above median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 4.43. The Agriculture industry median PB Ratio is 1.49. Narmada Agrobase's value of 2.32 is 55.7% above this industry median. Based on the distribution chart, Narmada Agrobase ranks #178 out of 247 companies in the Agriculture industry, which is below the industry midpoint. Overall, Narmada Agrobase has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Narmada Agrobase's PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Narmada Agrobase ranks #178 out of 247 companies for PB Ratio. This places Narmada Agrobase in the lower half of its industry. The industry median PB Ratio is 1.49. Narmada Agrobase's value of 2.32 is 55.7% above this benchmark. Historically, Narmada Agrobase's own PB Ratio has ranged from 1.03 to 4.43 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 1.49, Narmada Agrobase 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 Agriculture company?
The median PB Ratio among Agriculture companies is 1.49, based on 247 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. Narmada Agrobase's current PB Ratio of 2.32 is 55.7% 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 Narmada Agrobase and its competitors. For the Agriculture industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Narmada Agrobase's current PB Ratio is 2.32, which is 33% above median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narmada Agrobase stock overvalued right now?
Based on GuruFocus' analysis, Narmada Agrobase (NSE:NARMADA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹12.11, compared to a current price of ₹36.34 — trading 200.1% above its estimated fair value. The current PB Ratio is 2.32, which is 33% above median its 10-year median of 1.74 and 55.7% above the Agriculture industry median of 1.49. Narmada Agrobase's overall GF Score™ is 67/100 with 5 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 Narmada Agrobase (NSE:NARMADA), the current PB Ratio is 2.32 as of Jul. 05, 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 Narmada Agrobase (NSE:NARMADA) Overvalued in 2026?
Based on GuruFocus' analysis, Narmada Agrobase stock appears to be overvalued.
The current stock price of ₹36.34 is trading 200.1% above its estimated GF Value™ of ₹12.11.
GuruFocus considers Narmada Agrobase to be Significantly Overvalued.
Key valuation signals for NSE:NARMADA:
PB Ratio: 2.32 (33% above median its 10-year median of 1.74)
GF Value™: ₹12.11 vs. price of ₹36.34 (200.1% above fair value)
Industry Position: 55.7% above the Agriculture median (#178 of 247)
No single metric tells the full story. See the NSE:NARMADA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Narmada Agrobase Ltd is engaged in the manufacturing and processing of cotton seed meal cake, cattle feeds and soya bean meal. Its product portfolio includes Cattle Feeds; Cotton Seeds Meal Cake; Cotton Seed Meal Grinder; Delinted Cotton Seeds; Guar Meal; Cotton Linter; and Neem Cake Fertilizer. The company's only operating segment being the manufacturing of delinted cotton seeds.
67GF Score
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