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Surani Steel TubesNSE:SURANI -1.11%56 PB Ratio is 1.20 as of Aug. 14, 2026, which is 18% below its 10-year median of 1.46. GuruFocus rates NSE:SURANI with a GF Score™ of 56/100 and a GF Value™ of ₹69.47 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 609 Steel companies, Surani Steel Tubes ranks worse than 60.76% on this metric.
The historical rank and industry rank for Surani Steel Tubes's PB Ratio or its related term are showing as below:
NSE:SURANI'
s PB Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.46 Max: 24.56
Current: 1.21
During the past 13 years, Surani Steel Tubes's highest PB Ratio was 24.56. The lowest was 0.65. And the median was 1.46.
NSE:SURANI's PB Ratio is ranked worse than 60.76% of 609
companies
in the Steel industry
Industry Median: 0.98
vs NSE:SURANI: 1.21
During the past 12 months, Surani Steel Tubes's average Book Value Per Share Growth Rate was 2.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 42.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 30.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 32.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Surani Steel Tubes was 86.10% per year. The lowest was 1.10% per year. And the median was 40.45% 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.
Surani Steel Tubes PB Ratio Related Terms
Surani Steel Tubes PB Ratio Historical Data
* Premium members only.
The historical data trend for Surani Steel Tubes'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 Steel subindustry, Surani Steel Tubes'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.
Surani Steel Tubes PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Surani Steel Tubes's PB Ratio distribution charts can be found below:
* The bar in red indicates where Surani Steel Tubes'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.
Surani Steel Tubes (NSE:SURANI) has a PB Ratio of 1.20 as of Aug. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Surani Steel Tubes and its competitors. This is 18% below median its historical median of 1.46. Over the past decade, Surani Steel Tubes' PB Ratio has ranged from 0.65 to 24.56. According to the industry distribution chart, Surani Steel Tubes ranks #370 out of 609 companies in the Steel industry, placing it in the top 60.8%.
Is Surani Steel Tubes' PB Ratio too high?
Surani Steel Tubes' current PB Ratio of 1.20 is 18% below median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 24.56. The Steel industry median PB Ratio is 0.98. Surani Steel Tubes' value of 1.20 is 22.4% above this industry median. Based on the distribution chart, Surani Steel Tubes ranks #370 out of 609 companies in the Steel industry, which is below the industry midpoint. Overall, Surani Steel Tubes has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surani Steel Tubes' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Surani Steel Tubes ranks #370 out of 609 companies for PB Ratio. This places Surani Steel Tubes in the lower half of its industry. The industry median PB Ratio is 0.98. Surani Steel Tubes' value of 1.20 is 22.4% above this benchmark. Historically, Surani Steel Tubes' own PB Ratio has ranged from 0.65 to 24.56 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 0.98, Surani Steel Tubes 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 Steel company?
The median PB Ratio among Steel companies is 0.98, based on 609 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. Surani Steel Tubes's current PB Ratio of 1.20 is 22.4% 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 Surani Steel Tubes and its competitors. For the Steel industry, the median PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surani Steel Tubes's current PB Ratio is 1.20, which is 18% below median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surani Steel Tubes stock overvalued right now?
Based on GuruFocus' analysis, Surani Steel Tubes (NSE:SURANI) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹69.47, compared to a current price of ₹88.95 — trading 28% above its estimated fair value. The current PB Ratio is 1.20, which is 18% below median its 10-year median of 1.46 and 22.4% above the Steel industry median of 0.98. Surani Steel Tubes' overall GF Score™ is 56/100 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 Surani Steel Tubes (NSE:SURANI), the current PB Ratio is 1.20 as of Aug. 14, 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 Surani Steel Tubes (NSE:SURANI) Overvalued in 2026?
Based on GuruFocus' analysis, Surani Steel Tubes stock appears to be overvalued.
The current stock price of ₹88.95 is trading 28% above its estimated GF Value™ of ₹69.47.
GuruFocus considers Surani Steel Tubes to be Modestly Overvalued.
Key valuation signals for NSE:SURANI:
PB Ratio: 1.20 (18% below median its 10-year median of 1.46)
GF Value™: ₹69.47 vs. price of ₹88.95 (28% above fair value)
Industry Position: 22.4% above the Steel median (#370 of 609)
No single metric tells the full story. See the NSE:SURANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and others. Geographically, it operates only in India.
56GF Score
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