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Elspec EngineeringXTAE:ELSPC +0.66%71 PB Ratio is 0.85 as of Aug. 11, 2026, which is 27% below its 10-year median of 1.16. GuruFocus rates XTAE:ELSPC with a GF Score™ of 71/100 and a GF Value™ of ₪5.62 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,977 Industrial Products companies, Elspec Engineering ranks better than 82.77% on this metric.
Elspec Engineering Ltd stock PB Ratio (=0.84) is close to 3-year low of 0.83.
The historical rank and industry rank for Elspec Engineering's PB Ratio or its related term are showing as below:
XTAE:ELSPC'
s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 1.16 Max: 2.23
Current: 0.86
During the past 13 years, Elspec Engineering's highest PB Ratio was 2.23. The lowest was 0.68. And the median was 1.16.
XTAE:ELSPC's PB Ratio is ranked better than 82.77% of 2977
companies
in the Industrial Products industry
Industry Median: 2.21
vs XTAE:ELSPC: 0.86
During the past 12 months, Elspec Engineering's average Book Value Per Share Growth Rate was 6.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Elspec Engineering was 11.80% per year. The lowest was -4.80% per year. And the median was 8.50% 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.
Elspec Engineering PB Ratio Related Terms
Elspec Engineering PB Ratio Historical Data
* Premium members only.
The historical data trend for Elspec Engineering'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 Electrical Equipment & Parts subindustry, Elspec Engineering'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.
Elspec Engineering PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elspec Engineering's PB Ratio distribution charts can be found below:
* The bar in red indicates where Elspec Engineering'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.
Elspec Engineering (XTAE:ELSPC) has a PB Ratio of 0.85 as of Aug. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Elspec Engineering and its competitors. This is 27% below median its historical median of 1.16. Over the past decade, Elspec Engineering's PB Ratio has ranged from 0.68 to 2.23. According to the industry distribution chart, Elspec Engineering ranks #513 out of 2977 companies in the Industrial Products industry, placing it in the top 17.2%.
Is Elspec Engineering's PB Ratio too high?
Elspec Engineering's current PB Ratio of 0.85 is 27% below median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.23. The Industrial Products industry median PB Ratio is 2.21. Elspec Engineering's value of 0.85 is 61.5% below this industry median. Based on the distribution chart, Elspec Engineering ranks #513 out of 2977 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Elspec Engineering has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elspec Engineering's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Elspec Engineering ranks #513 out of 2977 companies for PB Ratio. This places Elspec Engineering in the top 17% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.21. Elspec Engineering's value of 0.85 is 61.5% below this benchmark. Historically, Elspec Engineering's own PB Ratio has ranged from 0.68 to 2.23 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 2.21, Elspec Engineering has consistently been below 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 2.21, based on 2,977 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. Elspec Engineering's current PB Ratio of 0.85 is 61.5% below 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 Elspec Engineering and its competitors. For the Industrial Products industry, the median PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elspec Engineering's current PB Ratio is 0.85, which is 27% below median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elspec Engineering stock overvalued right now?
Based on GuruFocus' analysis, Elspec Engineering (XTAE:ELSPC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₪5.62, compared to a current price of ₪3.95 — trading 29.7% below its estimated fair value. The current PB Ratio is 0.85, which is 27% below median its 10-year median of 1.16 and 61.5% below the Industrial Products industry median of 2.21. Elspec Engineering's overall GF Score™ is 71/100 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 Elspec Engineering (XTAE:ELSPC), the current PB Ratio is 0.85 as of Aug. 11, 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 Elspec Engineering (XTAE:ELSPC) Overvalued in 2026?
Based on GuruFocus' analysis, Elspec Engineering stock appears to be undervalued.
The current stock price of ₪3.95 is trading 29.7% below its estimated GF Value™ of ₪5.62.
GuruFocus considers Elspec Engineering to be Significantly Undervalued.
Key valuation signals for XTAE:ELSPC:
PB Ratio: 0.85 (27% below median its 10-year median of 1.16)
GF Value™: ₪5.62 vs. price of ₪3.95 (29.7% below fair value)
Industry Position: 61.5% below the Industrial Products median (#513 of 2977)
No single metric tells the full story. See the XTAE:ELSPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elspec Engineering Ltd is a provider of power quality solutions & services. It provides electrical power quality analyzers, real-time power factor correction systems, and energy saving solutions to the industrial, commercial, and utility industries. It has three research and development departments such as software and signal processing engineers, hardware analog, digital and power electricians.
71GF Score
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