UltraTech CementUCLQF 95 PB Ratio is 3.67 as of Jul. 02, 2026, which is 14% below its 10-year median of 4.27. GuruFocus rates UCLQF with a GF Score™ of 95/100 and a GF Value™ of $120.49. The stock has 2 warning signs investors should review. Among 397 Building Materials companies, UltraTech Cement ranks worse than 87.41% 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 (2026-07-02), UltraTech Cement's share price is $103.00. UltraTech Cement's Book Value per Share for the quarter that ended in Mar. 2026 was $28.06. Hence, UltraTech Cement's PB Ratio of today is 3.67.
Good Sign:
UltraTech Cement Ltd stock PB Ratio (=4.41) is close to 3-year low of 4.08.
The historical rank and industry rank for UltraTech Cement's PB Ratio or its related term are showing as below:
UCLQF'
s PB Ratio Range Over the Past 10 Years
Min: 2.25 Med: 4.27 Max: 5.68
Current: 4.41
During the past 13 years, UltraTech Cement's highest PB Ratio was 5.68. The lowest was 2.25. And the median was 4.27.
UCLQF's PB Ratio is ranked worse than 87.41% of 397
companies
in the Building Materials industry
Industry Median: 1.19
vs UCLQF: 4.41
During the past 12 months, UltraTech Cement's average Book Value Per Share Growth Rate was 8.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.20% 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 UltraTech Cement was 51.30% per year. The lowest was 10.20% per year. And the median was 14.40% per year.
Back to Basics: PB Ratio
UltraTech Cement (OTCPK:UCLQF) 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.
UltraTech Cement PB Ratio Related Terms
UltraTech Cement PB Ratio Historical Data
* Premium members only.
The historical data trend for UltraTech Cement'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 Building Materials subindustry, UltraTech Cement'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.
UltraTech Cement PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, UltraTech Cement's PB Ratio distribution charts can be found below:
* The bar in red indicates where UltraTech Cement'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.
UltraTech Cement (UCLQF) has a PB Ratio of 3.67 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on UltraTech Cement and its competitors. This is 14% below median its historical median of 4.27. Over the past decade, UltraTech Cement's PB Ratio has ranged from 2.25 to 5.68. According to the industry distribution chart, UltraTech Cement ranks #347 out of 397 companies in the Building Materials industry, placing it in the top 87.4%.
Is UltraTech Cement's PB Ratio too high?
UltraTech Cement's current PB Ratio of 3.67 is 14% below median its 10-year median of 4.27. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 5.68. The Building Materials industry median PB Ratio is 1.19. UltraTech Cement's value of 3.67 is 208.4% above this industry median. Based on the distribution chart, UltraTech Cement ranks #347 out of 397 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, UltraTech Cement has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does UltraTech Cement's PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, UltraTech Cement ranks #347 out of 397 companies for PB Ratio. This places UltraTech Cement in the lower half of its industry. The industry median PB Ratio is 1.19. UltraTech Cement's value of 3.67 is 208.4% above this benchmark. Historically, UltraTech Cement's own PB Ratio has ranged from 2.25 to 5.68 over the past decade. While the company's 10-year median is 4.27 vs. the industry median of 1.19, UltraTech Cement 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 Building Materials company?
The median PB Ratio among Building Materials companies is 1.19, based on 397 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. UltraTech Cement's current PB Ratio of 3.67 is 208.4% 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 UltraTech Cement and its competitors. For the Building Materials industry, the median PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UltraTech Cement's current PB Ratio is 3.67, which is 14% below median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UltraTech Cement stock overvalued right now?
UltraTech Cement (UCLQF) has a current PB Ratio of 3.67. The stock's GF Value™ is $120.49, compared to a current price of $103.00 — trading 14.5% below its estimated fair value. The current PB Ratio is 3.67, which is 14% below median its 10-year median of 4.27 and 208.4% above the Building Materials industry median of 1.19. UltraTech Cement's overall GF Score™ is 95/100 with 2 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 UltraTech Cement (UCLQF), the current PB Ratio is 3.67 as of Jul. 02, 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 UltraTech Cement (UCLQF) Overvalued in 2026?
Based on GuruFocus' analysis, UltraTech Cement stock appears to be undervalued.
The current stock price of $103.00 is trading 14.5% below its estimated GF Value™ of $120.49.
Key valuation signals for UCLQF:
PB Ratio: 3.67 (14% below median its 10-year median of 4.27)
GF Value™: $120.49 vs. price of $103.00 (14.5% below fair value)
Industry Position: 208.4% above the Building Materials median (#347 of 397)
No single metric tells the full story. See the UCLQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UltraTech Cement Ltd produces and sells cement and cement-related products. The company generates the vast majority of its revenue in India. The company's product portfolio includes Ordinary Portland cement, Portland blast-furnace slag cement, and Portland Pozzolana cement. Ordinary Portland cement is used for a wide range of applications including concrete products, masonry, and plastering. The firm's customers are in the building and construction industries. Geographically, it operates in India as well as in other countries, of which India derives key revenue.
95GF Score
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