PI IndustriesNSE:PIIND -2.25%93 PB Ratio is 3.63 as of Jun. 26, 2026, which is 47% below its 10-year median of 6.87. GuruFocus rates NSE:PIIND with a GF Score™ of 93/100 and a GF Value™ of ₹3,347.58 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 249 Agriculture companies, PI Industries ranks worse than 85.54% 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 (2026-06-26), PI Industries's share price is ₹2684.90. PI Industries's Book Value per Share for the quarter that ended in Mar. 2026 was ₹740.30. Hence, PI Industries's PB Ratio of today is 3.63.
Good Sign:
PI Industries Ltd stock PB Ratio (=3.79) is close to 10-year low of 3.67.
The historical rank and industry rank for PI Industries's PB Ratio or its related term are showing as below:
NSE:PIIND'
s PB Ratio Range Over the Past 10 Years
Min: 3.63 Med: 6.87 Max: 8.77
Current: 3.63
During the past 13 years, PI Industries's highest PB Ratio was 8.77. The lowest was 3.63. And the median was 6.87.
NSE:PIIND's PB Ratio is ranked worse than 85.54% of 249
companies
in the Agriculture industry
Industry Median: 1.5
vs NSE:PIIND: 3.63
During the past 12 months, PI Industries's average Book Value Per Share Growth Rate was 10.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 25.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of PI Industries was 43.30% per year. The lowest was 16.00% per year. And the median was 34.00% 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.
PI Industries PB Ratio Related Terms
PI Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for PI Industries'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, PI Industries'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.
PI Industries PB Ratio vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, PI Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where PI Industries'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.
PI Industries'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.
PI Industries (NSE:PIIND) has a PB Ratio of 3.63 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 PI Industries and its competitors. This is 47% below median its historical median of 6.87. Over the past decade, PI Industries' PB Ratio has ranged from 3.63 to 8.77. According to the industry distribution chart, PI Industries ranks #213 out of 249 companies in the Agriculture industry, placing it in the top 85.5%.
Is PI Industries' PB Ratio too high?
PI Industries' current PB Ratio of 3.63 is 47% below median its 10-year median of 6.87. Over the past 10 years, this metric has ranged from a low of 3.63 to a high of 8.77. The Agriculture industry median PB Ratio is 1.50. PI Industries' value of 3.63 is 142% above this industry median. Based on the distribution chart, PI Industries ranks #213 out of 249 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, PI Industries has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PI Industries' PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, PI Industries ranks #213 out of 249 companies for PB Ratio. This places PI Industries in the lower half of its industry. The industry median PB Ratio is 1.50. PI Industries' value of 3.63 is 142% above this benchmark. Historically, PI Industries' own PB Ratio has ranged from 3.63 to 8.77 over the past decade. While the company's 10-year median is 6.87 vs. the industry median of 1.50, PI Industries 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 1.50, based on 249 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. PI Industries's current PB Ratio of 3.63 is 142% 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 PI Industries and its competitors. For the Agriculture industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PI Industries's current PB Ratio is 3.63, which is 47% below median its own 10-year median of 6.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PI Industries stock overvalued right now?
Based on GuruFocus' analysis, PI Industries (NSE:PIIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,347.58, compared to a current price of ₹2,684.90 — trading 19.8% below its estimated fair value. The current PB Ratio is 3.63, which is 47% below median its 10-year median of 6.87 and 142% above the Agriculture industry median of 1.50. PI Industries' overall GF Score™ is 93/100 with 2 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 PI Industries (NSE:PIIND), the current PB Ratio is 3.63 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 PI Industries (NSE:PIIND) Overvalued in 2026?
Based on GuruFocus' analysis, PI Industries stock appears to be undervalued.
The current stock price of ₹2,684.90 is trading 19.8% below its estimated GF Value™ of ₹3,347.58.
GuruFocus considers PI Industries to be Modestly Undervalued.
Key valuation signals for NSE:PIIND:
PB Ratio: 3.63 (47% below median its 10-year median of 6.87)
GF Value™: ₹3,347.58 vs. price of ₹2,684.90 (19.8% below fair value)
Industry Position: 142% above the Agriculture median (#213 of 249)
No single metric tells the full story. See the NSE:PIIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PI Industries Ltd manufactures, distributes, and sells agrochemicals, specialty fertilizers, and seeds to the agriculture industry. The firm's agrochemicals portfolio includes insecticides, fungicides, and plant health products. The company competes on price with the manufacture and sale of generic products. PI Industries reports sales across two geographical segments: within India and outside India. The outside India division represents its business division predominantly in Japan, Germany, and China. In India, the firm sells its products through a large network of distributors and retail outlets. The company has one reportable business segment which is Agro Chemicals.
93GF Score
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