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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.
Victory Electric Vehicles International PB Ratio Related Terms
Victory Electric Vehicles International PB Ratio Historical Data
* 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.
Victory Electric Vehicles International PB Ratio Chart
Victory Electric Vehicles International Annual Data
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Victory Electric Vehicles International Semi-Annual Data
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NSE:VICTORYEV vs TSLA, GM, F: PB Ratio Comparison
For the Auto Manufacturers subindustry, Victory Electric Vehicles International'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.
Victory Electric Vehicles International PB Ratio vs Vehicles & Parts Industry
Victory Electric Vehicles International PB Ratio Calculation
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.
Victory Electric Vehicles International (NSE:VICTORYEV) has a PB Ratio of 2.35 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Victory Electric Vehicles International and its competitors. This is 15% below median its historical median of 2.75. Over the past decade, Victory Electric Vehicles International's PB Ratio has ranged from 2.27 to 5.05. According to the industry distribution chart, Victory Electric Vehicles International ranks #922 out of 1294 companies in the Vehicles & Parts industry, placing it in the top 71.3%.
Is Victory Electric Vehicles International's PB Ratio too high?
Victory Electric Vehicles International's current PB Ratio of 2.35 is 15% below median its 10-year median of 2.75. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 5.05. The Vehicles & Parts industry median PB Ratio is 1.39. Victory Electric Vehicles International's value of 2.35 is 69.7% above this industry median. Based on the distribution chart, Victory Electric Vehicles International ranks #922 out of 1294 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Victory Electric Vehicles International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Victory Electric Vehicles International's PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Victory Electric Vehicles International ranks #922 out of 1294 companies for PB Ratio. This places Victory Electric Vehicles International in the lower half of its industry. The industry median PB Ratio is 1.39. Victory Electric Vehicles International's value of 2.35 is 69.7% above this benchmark. Historically, Victory Electric Vehicles International's own PB Ratio has ranged from 2.27 to 5.05 over the past decade. While the company's 10-year median is 2.75 vs. the industry median of 1.39, Victory Electric Vehicles International 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.39, based on 1,294 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. Victory Electric Vehicles International's current PB Ratio of 2.35 is 69.7% 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 Victory Electric Vehicles International and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victory Electric Vehicles International's current PB Ratio is 2.35, which is 15% below median its own 10-year median of 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Electric Vehicles International stock overvalued right now?
Victory Electric Vehicles International (NSE:VICTORYEV) has a current PB Ratio of 2.35. The current PB Ratio is 2.35, which is 15% below median its 10-year median of 2.75 and 69.7% above the Vehicles & Parts industry median of 1.39. Victory Electric Vehicles International's overall GF Score™ is 18/100 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 Victory Electric Vehicles International (NSE:VICTORYEV), the current PB Ratio is 2.35 as of Jul. 16, 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.
Victory Electric Vehicles International Business Description
Victory Electric Vehicles International Ltd is engaged in the business of manufacturing of battery operated electric rickshaws and electric scooters. The company's key offerings include solar rickshaws, Auto-rickshaws, Motor vehicles, Scooters, Motor-Scooters, three-wheelers, motor cycles, cycles automobiles, and motorcars. Its product segments include Two wheelers, Three wheelers, Passenger Vehicles, and Commercial Vehicles. The company generates the majority of revenue from the sale of Electric Vehicles, mainly from Three-Wheeler vehicle sales.
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