The historical rank and industry rank for Vardhman Special Steels's PB Ratio or its related term are showing as below:
NSE:VSSL'
s PB Ratio Range Over the Past 10 Years
Min: 0.41 Med: 1.74 Max: 3.71
Current: 2.14
During the past 13 years, Vardhman Special Steels's highest PB Ratio was 3.71. The lowest was 0.41. And the median was 1.74.
NSE:VSSL's PB Ratio is ranked worse than 79.58% of 612
companies
in the Steel industry
Industry Median: 0.965
vs NSE:VSSL: 2.14
During the past 12 months, Vardhman Special Steels's average Book Value Per Share Growth Rate was 35.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Vardhman Special Steels was 18.70% per year. The lowest was -29.20% per year. And the median was 10.60% per year.
Back to Basics: PB Ratio
Vardhman Special Steels (NSE:VSSL) 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.
* 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, Vardhman Special Steels'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.
Vardhman Special Steels PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's PB Ratio distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels'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.
Vardhman Special Steels (NSE:VSSL) has a PB Ratio of 2.14 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 Vardhman Special Steels and its competitors. This is 23% above median its historical median of 1.74. Over the past decade, Vardhman Special Steels' PB Ratio has ranged from 0.41 to 3.71. According to the industry distribution chart, Vardhman Special Steels ranks #487 out of 612 companies in the Steel industry, placing it in the top 79.6%.
Is Vardhman Special Steels' PB Ratio too high?
Vardhman Special Steels' current PB Ratio of 2.14 is 23% above median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 3.71. The Steel industry median PB Ratio is 0.97. Vardhman Special Steels' value of 2.14 is 121.8% above this industry median. Based on the distribution chart, Vardhman Special Steels ranks #487 out of 612 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vardhman Special Steels has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Special Steels' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #487 out of 612 companies for PB Ratio. This places Vardhman Special Steels in the lower half of its industry. The industry median PB Ratio is 0.97. Vardhman Special Steels' value of 2.14 is 121.8% above this benchmark. Historically, Vardhman Special Steels' own PB Ratio has ranged from 0.41 to 3.71 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 0.97, Vardhman Special Steels 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 0.97, based on 612 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. Vardhman Special Steels's current PB Ratio of 2.14 is 121.8% 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 Vardhman Special Steels and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current PB Ratio is 2.14, which is 23% above median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vardhman Special Steels stock overvalued right now?
Based on GuruFocus' analysis, Vardhman Special Steels (NSE:VSSL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹224.05, compared to a current price of ₹282.90 — trading 26.3% above its estimated fair value. The current PB Ratio is 2.14, which is 23% above median its 10-year median of 1.74 and 121.8% above the Steel industry median of 0.97. Vardhman Special Steels' overall GF Score™ is 75/100 with 7 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 Vardhman Special Steels (NSE:VSSL), the current PB Ratio is 2.14 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 Vardhman Special Steels (NSE:VSSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vardhman Special Steels stock appears to be overvalued.
The current stock price of ₹282.90 is trading 26.3% above its estimated GF Value™ of ₹224.05.
GuruFocus considers Vardhman Special Steels to be Modestly Overvalued.
Key valuation signals for NSE:VSSL:
PB Ratio: 2.14 (23% above median its 10-year median of 1.74)
GF Value™: ₹224.05 vs. price of ₹282.90 (26.3% above fair value)
Industry Position: 121.8% above the Steel median (#487 of 612)
No single metric tells the full story. See the NSE:VSSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vardhman Special Steels Ltd is engaged in manufacturing steel bars and rods. The company caters to diverse requirements of hot-rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. Its products include Carbon steel, Carbon manganese steel, Chrome steel, Chrome manganese steel, Chrome moly steel, Boron steel, Vanadium steel, and Ball bearing steel. The company manufactures products using techniques such as Steel melting, Rolling Mill, Heat treatment and Bright bar shop. It generates a majority of its revenue from the sale of black bars. The company's operations are mainly located within India and also has a presence outside India.
75GF Score
Get the complete analysis for NSE:VSSL
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