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Nitiraj EngineersNSE:NITIRAJ +0.73%55 PB Ratio is 2.56 as of Sep. 04, 2026, which is 94% above its 10-year median of 1.32. GuruFocus rates NSE:NITIRAJ with a GF Score™ of 55/100 and a GF Value™ of ₹141.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,411 Hardware companies, Nitiraj Engineers ranks worse than 54.04% on this metric.
The historical rank and industry rank for Nitiraj Engineers's PB Ratio or its related term are showing as below:
NSE:NITIRAJ'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 1.32 Max: 3.48
Current: 2.55
During the past 13 years, Nitiraj Engineers's highest PB Ratio was 3.48. The lowest was 0.58. And the median was 1.32.
NSE:NITIRAJ's PB Ratio is ranked worse than 54.04% of 2411
companies
in the Hardware industry
Industry Median: 2.3
vs NSE:NITIRAJ: 2.55
During the past 12 months, Nitiraj Engineers's average Book Value Per Share Growth Rate was -0.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.30% 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 Nitiraj Engineers was 34.10% per year. The lowest was -0.10% per year. And the median was 6.75% 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.
Nitiraj Engineers PB Ratio Related Terms
Nitiraj Engineers PB Ratio Historical Data
* Premium members only.
The historical data trend for Nitiraj Engineers'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.
NSE:NITIRAJ vs GRMN, COHR, KEYS: PB Ratio Comparison
For the Scientific & Technical Instruments subindustry, Nitiraj Engineers'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.
Nitiraj Engineers PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Nitiraj Engineers's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nitiraj Engineers'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.
Nitiraj Engineers (NSE:NITIRAJ) has a PB Ratio of 2.56 as of Sep. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nitiraj Engineers and its competitors. This is 94% above median its historical median of 1.32. Over the past decade, Nitiraj Engineers' PB Ratio has ranged from 0.58 to 3.48. According to the industry distribution chart, Nitiraj Engineers ranks #1303 out of 2411 companies in the Hardware industry, placing it in the top 54%.
Is Nitiraj Engineers' PB Ratio too high?
Nitiraj Engineers' current PB Ratio of 2.56 is 94% above median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 3.48. The Hardware industry median PB Ratio is 2.30. Nitiraj Engineers' value of 2.56 is 11.3% above this industry median. Based on the distribution chart, Nitiraj Engineers ranks #1303 out of 2411 companies in the Hardware industry, which is below the industry midpoint. Overall, Nitiraj Engineers has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nitiraj Engineers' PB Ratio compare to GRMN and COHR?
According to the Hardware industry distribution chart, Nitiraj Engineers ranks #1303 out of 2411 companies for PB Ratio. This places Nitiraj Engineers in the lower half of its industry. The industry median PB Ratio is 2.30. Nitiraj Engineers' value of 2.56 is 11.3% above this benchmark. Historically, Nitiraj Engineers' own PB Ratio has ranged from 0.58 to 3.48 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 2.30, Nitiraj Engineers 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 Hardware company?
The median PB Ratio among Hardware companies is 2.30, based on 2,411 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. Nitiraj Engineers's current PB Ratio of 2.56 is 11.3% 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 Nitiraj Engineers and its competitors. For the Hardware industry, the median PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitiraj Engineers's current PB Ratio is 2.56, which is 94% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitiraj Engineers stock overvalued right now?
Based on GuruFocus' analysis, Nitiraj Engineers (NSE:NITIRAJ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹141.59, compared to a current price of ₹205.13 — trading 44.9% above its estimated fair value. The current PB Ratio is 2.56, which is 94% above median its 10-year median of 1.32 and 11.3% above the Hardware industry median of 2.30. Nitiraj Engineers' overall GF Score™ is 55/100 with 3 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 Nitiraj Engineers (NSE:NITIRAJ), the current PB Ratio is 2.56 as of Sep. 04, 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 Nitiraj Engineers (NSE:NITIRAJ) Overvalued in 2026?
Based on GuruFocus' analysis, Nitiraj Engineers stock appears to be overvalued.
The current stock price of ₹205.13 is trading 44.9% above its estimated GF Value™ of ₹141.59.
GuruFocus considers Nitiraj Engineers to be Significantly Overvalued.
Key valuation signals for NSE:NITIRAJ:
PB Ratio: 2.56 (94% above median its 10-year median of 1.32)
GF Value™: ₹141.59 vs. price of ₹205.13 (44.9% above fair value)
Industry Position: 11.3% above the Hardware median (#1303 of 2411)
No single metric tells the full story. See the NSE:NITIRAJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitiraj Engineers Ltd offers measuring and counting devices in India. It operates in five broad segments, i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically, it derives a majority of its revenue from India.
55GF Score
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