Tejas NetworksNSE:TEJASNET -0.20%52 PB Ratio is 3.77 as of Jun. 26, 2026, which is 46% above its 10-year median of 2.59. GuruFocus rates NSE:TEJASNET with a GF Score™ of 52/100 and a GF Value™ of ₹357.50 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 2,413 Hardware companies, Tejas Networks ranks worse than 65.73% 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), Tejas Networks's share price is ₹622.75. Tejas Networks's Book Value per Share for the quarter that ended in Mar. 2026 was ₹165.11. Hence, Tejas Networks's PB Ratio of today is 3.77.
Warning Sign:
Tejas Networks Ltd stock PB Ratio (=3.83) is close to 1-year high of 3.83.
The historical rank and industry rank for Tejas Networks's PB Ratio or its related term are showing as below:
NSE:TEJASNET'
s PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 2.59 Max: 7.67
Current: 3.77
During the past 13 years, Tejas Networks's highest PB Ratio was 7.67. The lowest was 0.25. And the median was 2.59.
NSE:TEJASNET's PB Ratio is ranked worse than 65.73% of 2413
companies
in the Hardware industry
Industry Median: 2.4
vs NSE:TEJASNET: 3.77
During the past 12 months, Tejas Networks's average Book Value Per Share Growth Rate was -24.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tejas Networks was 39.40% per year. The lowest was -2.20% per year. And the median was 12.00% per year.
Back to Basics: PB Ratio
Tejas Networks (NSE:TEJASNET) 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.
Tejas Networks PB Ratio Related Terms
Tejas Networks PB Ratio Historical Data
* Premium members only.
The historical data trend for Tejas Networks'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:TEJASNET vs CSCO, CIEN, MSI: PB Ratio Comparison
For the Communication Equipment subindustry, Tejas Networks'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.
Tejas Networks PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Tejas Networks's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tejas Networks'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.
Tejas Networks'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.
Tejas Networks (NSE:TEJASNET) has a PB Ratio of 3.77 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 Tejas Networks and its competitors. This is 46% above median its historical median of 2.59. Over the past decade, Tejas Networks' PB Ratio has ranged from 0.25 to 7.67. According to the industry distribution chart, Tejas Networks ranks #1586 out of 2413 companies in the Hardware industry, placing it in the top 65.7%.
Is Tejas Networks' PB Ratio too high?
Tejas Networks' current PB Ratio of 3.77 is 46% above median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 7.67. The Hardware industry median PB Ratio is 2.40. Tejas Networks' value of 3.77 is 57.1% above this industry median. Based on the distribution chart, Tejas Networks ranks #1586 out of 2413 companies in the Hardware industry, which is below the industry midpoint. Overall, Tejas Networks has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tejas Networks' PB Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Tejas Networks ranks #1586 out of 2413 companies for PB Ratio. This places Tejas Networks in the lower half of its industry. The industry median PB Ratio is 2.40. Tejas Networks' value of 3.77 is 57.1% above this benchmark. Historically, Tejas Networks' own PB Ratio has ranged from 0.25 to 7.67 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 2.40, Tejas Networks 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 2.40, based on 2,413 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. Tejas Networks's current PB Ratio of 3.77 is 57.1% 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 Tejas Networks and its competitors. For the Hardware industry, the median PB Ratio is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tejas Networks's current PB Ratio is 3.77, which is 46% above median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tejas Networks stock overvalued right now?
Based on GuruFocus' analysis, Tejas Networks (NSE:TEJASNET) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹357.50, compared to a current price of ₹622.75 — trading 74.2% above its estimated fair value. The current PB Ratio is 3.77, which is 46% above median its 10-year median of 2.59 and 57.1% above the Hardware industry median of 2.40. Tejas Networks' overall GF Score™ is 52/100 with 11 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 Tejas Networks (NSE:TEJASNET), the current PB Ratio is 3.77 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 Tejas Networks (NSE:TEJASNET) Overvalued in 2026?
Based on GuruFocus' analysis, Tejas Networks stock appears to be overvalued.
The current stock price of ₹622.75 is trading 74.2% above its estimated GF Value™ of ₹357.50.
GuruFocus considers Tejas Networks to be Significantly Overvalued.
Key valuation signals for NSE:TEJASNET:
PB Ratio: 3.77 (46% above median its 10-year median of 2.59)
GF Value™: ₹357.50 vs. price of ₹622.75 (74.2% above fair value)
Industry Position: 57.1% above the Hardware median (#1586 of 2413)
No single metric tells the full story. See the NSE:TEJASNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tejas Networks Ltd is an optical and data networking products company. The company designs, develops, and manufactures high-performance products for building high-speed communication networks that carry voice, data, and video traffic from fixed-line, mobile, and broadband networks. It serves telecommunications service providers, internet service providers, utilities, defense, and government entities. It derives a majority of its revenue from India and the rest from International markets.
52GF Score
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