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Tirupati ForgeNSE:TIRUPATIFL +4.88%72 PB Ratio is 6.62 as of Aug. 21, 2026, which is 81% above its 10-year median of 3.66. GuruFocus rates NSE:TIRUPATIFL with a GF Score™ of 72/100 and a GF Value™ of ₹41.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,986 Industrial Products companies, Tirupati Forge ranks worse than 85.73% 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 (2026-08-21), Tirupati Forge's share price is ₹69.62. Tirupati Forge's Book Value per Share for the quarter that ended in Mar. 2026 was ₹10.52. Hence, Tirupati Forge's PB Ratio of today is 6.62.
The historical rank and industry rank for Tirupati Forge's PB Ratio or its related term are showing as below:
NSE:TIRUPATIFL'
s PB Ratio Range Over the Past 10 Years
Min: 1.29 Med: 3.66 Max: 14.71
Current: 6.31
During the past 13 years, Tirupati Forge's highest PB Ratio was 14.71. The lowest was 1.29. And the median was 3.66.
NSE:TIRUPATIFL's PB Ratio is ranked worse than 85.73% of 2986
companies
in the Industrial Products industry
Industry Median: 2.185
vs NSE:TIRUPATIFL: 6.31
During the past 12 months, Tirupati Forge's average Book Value Per Share Growth Rate was 17.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 42.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 40.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 40.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tirupati Forge was 88.40% per year. The lowest was 14.70% per year. And the median was 42.00% 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.
Tirupati Forge PB Ratio Related Terms
Tirupati Forge PB Ratio Historical Data
* Premium members only.
The historical data trend for Tirupati Forge'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:TIRUPATIFL vs CRS, ATI, MLI: PB Ratio Comparison
For the Metal Fabrication subindustry, Tirupati Forge'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.
Tirupati Forge PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tirupati Forge's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tirupati Forge'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.
Tirupati Forge'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.
Tirupati Forge (NSE:TIRUPATIFL) has a PB Ratio of 6.62 as of Aug. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tirupati Forge and its competitors. This is 81% above median its historical median of 3.66. Over the past decade, Tirupati Forge's PB Ratio has ranged from 1.29 to 14.71. According to the industry distribution chart, Tirupati Forge ranks #2560 out of 2986 companies in the Industrial Products industry, placing it in the top 85.7%.
Is Tirupati Forge's PB Ratio too high?
Tirupati Forge's current PB Ratio of 6.62 is 81% above median its 10-year median of 3.66. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 14.71. The Industrial Products industry median PB Ratio is 2.19. Tirupati Forge's value of 6.62 is 203% above this industry median. Based on the distribution chart, Tirupati Forge ranks #2560 out of 2986 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Tirupati Forge has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tirupati Forge's PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Tirupati Forge ranks #2560 out of 2986 companies for PB Ratio. This places Tirupati Forge in the lower half of its industry. The industry median PB Ratio is 2.19. Tirupati Forge's value of 6.62 is 203% above this benchmark. Historically, Tirupati Forge's own PB Ratio has ranged from 1.29 to 14.71 over the past decade. While the company's 10-year median is 3.66 vs. the industry median of 2.19, Tirupati Forge 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.19, based on 2,986 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. Tirupati Forge's current PB Ratio of 6.62 is 203% 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 Tirupati Forge and its competitors. For the Industrial Products industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tirupati Forge's current PB Ratio is 6.62, which is 81% above median its own 10-year median of 3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tirupati Forge stock overvalued right now?
Based on GuruFocus' analysis, Tirupati Forge (NSE:TIRUPATIFL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹41.16, compared to a current price of ₹69.62 — trading 69.1% above its estimated fair value. The current PB Ratio is 6.62, which is 81% above median its 10-year median of 3.66 and 203% above the Industrial Products industry median of 2.19. Tirupati Forge's overall GF Score™ is 72/100 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 Tirupati Forge (NSE:TIRUPATIFL), the current PB Ratio is 6.62 as of Aug. 21, 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 Tirupati Forge (NSE:TIRUPATIFL) Overvalued in 2026?
Based on GuruFocus' analysis, Tirupati Forge stock appears to be overvalued.
The current stock price of ₹69.62 is trading 69.1% above its estimated GF Value™ of ₹41.16.
GuruFocus considers Tirupati Forge to be Significantly Overvalued.
Key valuation signals for NSE:TIRUPATIFL:
PB Ratio: 6.62 (81% above median its 10-year median of 3.66)
GF Value™: ₹41.16 vs. price of ₹69.62 (69.1% above fair value)
Industry Position: 203% above the Industrial Products median (#2560 of 2986)
No single metric tells the full story. See the NSE:TIRUPATIFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tirupati Forge Ltd is engaged in the manufacturing of forged and flanged products that cater to various industries. The company's product offerings include din flange, conical flange, plate, auto parts, gears, crankshaft, forged pipe fittings, seamless rolled rings, and others.
72GF Score
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