Spirax GroupSPXSF 89 PB Ratio is 4.11 as of Jun. 26, 2026, which is 45% below its 10-year median of 7.51. GuruFocus rates SPXSF with a GF Score™ of 89/100 and a GF Value™ of $111.46 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,986 Industrial Products companies, Spirax Group ranks worse than 72.57% 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), Spirax Group's share price is $91.10. Spirax Group's Book Value per Share for the quarter that ended in Dec. 2025 was $22.18. Hence, Spirax Group's PB Ratio of today is 4.11.
The historical rank and industry rank for Spirax Group's PB Ratio or its related term are showing as below:
SPXSF'
s PB Ratio Range Over the Past 10 Years
Min: 3.48 Med: 7.51 Max: 14.77
Current: 4.25
During the past 13 years, Spirax Group's highest PB Ratio was 14.77. The lowest was 3.48. And the median was 7.51.
SPXSF's PB Ratio is ranked worse than 72.57% of 2986
companies
in the Industrial Products industry
Industry Median: 2.27
vs SPXSF: 4.25
During the past 12 months, Spirax Group's average Book Value Per Share Growth Rate was 1.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Spirax Group was 24.20% per year. The lowest was -1.20% per year. And the median was 8.80% 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.
Spirax Group PB Ratio Related Terms
Spirax Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Spirax Group'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 Specialty Industrial Machinery subindustry, Spirax Group'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.
Spirax Group PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spirax Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Spirax Group'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.
Spirax Group'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.
Spirax Group (SPXSF) has a PB Ratio of 4.11 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 Spirax Group and its competitors. This is 45% below median its historical median of 7.51. Over the past decade, Spirax Group's PB Ratio has ranged from 3.48 to 14.77. According to the industry distribution chart, Spirax Group ranks #2167 out of 2986 companies in the Industrial Products industry, placing it in the top 72.6%.
Is Spirax Group's PB Ratio too high?
Spirax Group's current PB Ratio of 4.11 is 45% below median its 10-year median of 7.51. Over the past 10 years, this metric has ranged from a low of 3.48 to a high of 14.77. The Industrial Products industry median PB Ratio is 2.27. Spirax Group's value of 4.11 is 81.1% above this industry median. Based on the distribution chart, Spirax Group ranks #2167 out of 2986 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Spirax Group has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spirax Group's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Spirax Group ranks #2167 out of 2986 companies for PB Ratio. This places Spirax Group in the lower half of its industry. The industry median PB Ratio is 2.27. Spirax Group's value of 4.11 is 81.1% above this benchmark. Historically, Spirax Group's own PB Ratio has ranged from 3.48 to 14.77 over the past decade. While the company's 10-year median is 7.51 vs. the industry median of 2.27, Spirax Group 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 2.27, 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. Spirax Group's current PB Ratio of 4.11 is 81.1% 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 Spirax Group and its competitors. For the Industrial Products industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spirax Group's current PB Ratio is 4.11, which is 45% below median its own 10-year median of 7.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spirax Group stock overvalued right now?
Based on GuruFocus' analysis, Spirax Group (SPXSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $111.46, compared to a current price of $91.10 — trading 18.3% below its estimated fair value. The current PB Ratio is 4.11, which is 45% below median its 10-year median of 7.51 and 81.1% above the Industrial Products industry median of 2.27. Spirax Group's overall GF Score™ is 89/100 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 Spirax Group (SPXSF), the current PB Ratio is 4.11 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 Spirax Group (SPXSF) Overvalued in 2026?
Based on GuruFocus' analysis, Spirax Group stock appears to be undervalued.
The current stock price of $91.10 is trading 18.3% below its estimated GF Value™ of $111.46.
GuruFocus considers Spirax Group to be Modestly Undervalued.
Key valuation signals for SPXSF:
PB Ratio: 4.11 (45% below median its 10-year median of 7.51)
GF Value™: $111.46 vs. price of $91.10 (18.3% below fair value)
Industry Position: 81.1% above the Industrial Products median (#2167 of 2986)
No single metric tells the full story. See the SPXSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spirax is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions, and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.
89GF Score
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