Grovy IndiaBOM:539522 -4.36%57 Price-to-Tangible-Book is 2.98 as of Jun. 24, 2026, which is 119% above its 10-year median of 1.36. GuruFocus rates BOM:539522 with a GF Score™ of 57/100 and a GF Value™ of ₹44.45 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 505 Conglomerates companies, Grovy India ranks worse than 80.99% on this metric.
As of today (2026-06-24), Grovy India's share price is ₹51.50. Grovy India's Tangible Book per Share of Mar. 2026 for the quarter that ended in Mar. 2026 was ₹17.29. Hence, Grovy India's Price to Tangible Book Ratio of today is 2.98.
The historical rank and industry rank for Grovy India's Price-to-Tangible-Book or its related term are showing as below:
BOM:539522'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 1.36 Max: 3.11
Current: 2.98
During the past 13 years, Grovy India's highest Price to Tangible Book Ratio was 3.11. The lowest was 0.36. And the median was 1.36.
BOM:539522's Price-to-Tangible-Book is ranked worse than 80.99% of 505
companies
in the Conglomerates industry
Industry Median: 1.12
vs BOM:539522: 2.98
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Grovy India Price-to-Tangible-Book Related Terms
Grovy India Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Grovy India's Price-to-Tangible-Book 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.
BOM:539522 vs HON, MMM: Price-to-Tangible-Book Comparison
For the Conglomerates subindustry, Grovy India's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Grovy India Price-to-Tangible-Book vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Grovy India's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Grovy India's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Grovy India (BOM:539522) has a Price-to-Tangible-Book of 2.98 as of Jun. 24, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Grovy India and its competitors. This is 119% above median its historical median of 1.36. Over the past decade, Grovy India's Price-to-Tangible-Book has ranged from 0.36 to 3.11. According to the industry distribution chart, Grovy India ranks #409 out of 505 companies in the Conglomerates industry, placing it in the top 81%.
Is Grovy India's Price-to-Tangible-Book too high?
Grovy India's current Price-to-Tangible-Book of 2.98 is 119% above median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 3.11. The Conglomerates industry median Price-to-Tangible-Book is 1.12. Grovy India's value of 2.98 is 166.1% above this industry median. Based on the distribution chart, Grovy India ranks #409 out of 505 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Grovy India has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grovy India's Price-to-Tangible-Book compare to HON and MMM?
According to the Conglomerates industry distribution chart, Grovy India ranks #409 out of 505 companies for Price-to-Tangible-Book. This places Grovy India in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.12. Grovy India's value of 2.98 is 166.1% above this benchmark. Historically, Grovy India's own Price-to-Tangible-Book has ranged from 0.36 to 3.11 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 1.12, Grovy India 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 Price-to-Tangible-Book for a Conglomerates company?
The median Price-to-Tangible-Book among Conglomerates companies is 1.12, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Grovy India's current Price-to-Tangible-Book of 2.98 is 166.1% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Grovy India and its competitors. For the Conglomerates industry, the median Price-to-Tangible-Book is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grovy India's current Price-to-Tangible-Book is 2.98, which is 119% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grovy India stock overvalued right now?
Based on GuruFocus' analysis, Grovy India (BOM:539522) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹44.45, compared to a current price of ₹51.50 — trading 15.9% above its estimated fair value. The current Price-to-Tangible-Book is 2.98, which is 119% above median its 10-year median of 1.36 and 166.1% above the Conglomerates industry median of 1.12. Grovy India's overall GF Score™ is 57/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Grovy India (BOM:539522), the current Price-to-Tangible-Book is 2.98 as of Jun. 24, 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 Grovy India (BOM:539522) Overvalued in 2026?
Based on GuruFocus' analysis, Grovy India stock appears to be overvalued.
The current stock price of ₹51.50 is trading 15.9% above its estimated GF Value™ of ₹44.45.
GuruFocus considers Grovy India to be Modestly Overvalued.
Key valuation signals for BOM:539522:
Price-to-Tangible-Book: 2.98 (119% above median its 10-year median of 1.36)
GF Value™: ₹44.45 vs. price of ₹51.50 (15.9% above fair value)
Industry Position: 166.1% above the Conglomerates median (#409 of 505)
No single metric tells the full story. See the BOM:539522 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grovy India Ltd is a real estate development company. The company's core segments are real estate development and trading/investment in equity markets. Its construction business is engaged in developing commercial, retail, and residential buildings. Its projects include Serviced Apartments-Rishikesh, Grovy Optiva-Noida, and Y-44 Hauz Khas, among others.
57GF Score
Get the complete analysis for BOM:539522
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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