Refex Industries (NSE:REFEX) Price-to-Tangible-Book: (As of Sep. 07, 2026)

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NSE:REFEX Refex Industries Ltd NSE:REFEX
92 GF Score
Price ₹282.55
GF Value ₹389.15
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Refex Industries Price-to-Tangible-Book?

As of today (2026-09-07), Refex Industries's share price is ₹282.55. Refex Industries's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was ₹0.00. Hence, Refex Industries's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Refex Industries's Price-to-Tangible-Book or its related term are showing as below:

NSE:REFEX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.69   Med: 1.88   Max: 11.14
Current: 2.61

During the past 13 years, Refex Industries's highest Price to Tangible Book Ratio was 11.14. The lowest was 0.69. And the median was 1.88.

NSE:REFEX's Price-to-Tangible-Book is ranked worse than
67.84% of 171 companies
in the Other Energy Sources industry
Industry Median: 1.67 vs NSE:REFEX: 2.61

A closely related ratio is called PB Ratio. As of today, Refex Industries's share price is ₹282.55. Refex Industries's Book Value per Sharefor the quarter that ended in Jun. 2026 was ₹0.00. Hence, Refex Industries's P/B Ratio of today is .

Be Aware

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.

Refex Industries Price-to-Tangible-Book Related Terms

Refex Industries Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Refex Industries'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.

Refex Industries Price-to-Tangible-Book Chart

Refex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.36 1.67 3.35 4.11 1.75

Refex Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 3.70 0.00 1.75 0.00

Refex Industries Price-to-Tangible-Book Competitor Comparison

For the Thermal Coal subindustry, Refex Industries'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.

Refex Industries Price-to-Tangible-Book vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Refex Industries's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Refex Industries's Price-to-Tangible-Book falls into.


NSE:REFEX
92GF Score
Refex Industries Ltd NSE:REFEX
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Refex Industries Price-to-Tangible-Book Calculation

Refex Industries's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2026 )
=282.55/0
=

* 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:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

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.

Is Refex Industries (NSE:REFEX) Overvalued in 2026?

Based on GuruFocus' analysis, Refex Industries stock appears to be undervalued. The current stock price of ₹282.55 is trading 27.4% below its estimated GF Value™ of ₹389.15. GuruFocus considers Refex Industries to be Modestly Undervalued.

Key valuation signals for NSE:REFEX:

  • Price-to-Tangible-Book:
  • GF Value™: ₹389.15 vs. price of ₹282.55 (27.4% below fair value)
  • GF Score™: 92/100 with 3 warning signs

No single metric tells the full story. See the NSE:REFEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Refex Industries Business Description

Other Exchanges 532884:India
Address Refex Building, 67, Bazullah Road, Parthasarathy Puram, T Nagar, Chennai, TN, IND, 600017
Refex Industries Ltd is a manufacturer and refiller of refrigerant gases. The company's operating segment includes Coal & Ash Handling Business, Solar Power - Generation and Related Activities, Refrigerant Gas- (Refilling) and Sales, Sale Of Services, Power Trading, and Others. Geographically, the business activities are operated throughout the region of India.
92GF Score

Get the complete analysis for NSE:REFEX

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹282.55
Price
₹389.15
GF Value