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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
VIP IndustriesNSE:VIPIND +0.96%73 Price-to-Tangible-Book is 14.72 as of Aug. 01, 2026, which is 42% above its 10-year median of 10.39. GuruFocus rates NSE:VIPIND with a GF Score™ of 73/100 and a GF Value™ of ₹403.39 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 985 Manufacturing - Apparel & Accessories companies, VIP Industries ranks worse than 97.56% on this metric.
The historical rank and industry rank for VIP Industries's Price-to-Tangible-Book or its related term are showing as below:
NSE:VIPIND'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.6 Med: 10.39 Max: 18.88
Current: 14.71
During the past 13 years, VIP Industries's highest Price to Tangible Book Ratio was 18.88. The lowest was 5.60. And the median was 10.39.
NSE:VIPIND's Price-to-Tangible-Book is ranked worse than 97.56% of 985
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.13
vs NSE:VIPIND: 14.71
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.
VIP Industries Price-to-Tangible-Book Related Terms
VIP Industries Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for VIP 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.
NSE:VIPIND vs NKE, DECK, ONON: Price-to-Tangible-Book Comparison
For the Footwear & Accessories subindustry, VIP 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.
VIP Industries Price-to-Tangible-Book vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VIP Industries's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where VIP Industries'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.
VIP Industries (NSE:VIPIND) has a Price-to-Tangible-Book of 14.72 as of Aug. 01, 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 VIP Industries and its competitors. This is 42% above median its historical median of 10.39. Over the past decade, VIP Industries' Price-to-Tangible-Book has ranged from 5.60 to 18.88. According to the industry distribution chart, VIP Industries ranks #961 out of 985 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 97.6%.
Is VIP Industries' Price-to-Tangible-Book too high?
VIP Industries' current Price-to-Tangible-Book of 14.72 is 42% above median its 10-year median of 10.39. Over the past 10 years, this metric has ranged from a low of 5.60 to a high of 18.88. The Manufacturing - Apparel & Accessories industry median Price-to-Tangible-Book is 1.13. VIP Industries' value of 14.72 is 1202.7% above this industry median. Based on the distribution chart, VIP Industries ranks #961 out of 985 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, VIP Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VIP Industries' Price-to-Tangible-Book compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, VIP Industries ranks #961 out of 985 companies for Price-to-Tangible-Book. This places VIP Industries in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.13. VIP Industries' value of 14.72 is 1202.7% above this benchmark. Historically, VIP Industries' own Price-to-Tangible-Book has ranged from 5.60 to 18.88 over the past decade. While the company's 10-year median is 10.39 vs. the industry median of 1.13, VIP Industries 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 Manufacturing - Apparel & Accessories company?
The median Price-to-Tangible-Book among Manufacturing - Apparel & Accessories companies is 1.13, based on 985 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. VIP Industries's current Price-to-Tangible-Book of 14.72 is 1202.7% 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 VIP Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Price-to-Tangible-Book is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIP Industries's current Price-to-Tangible-Book is 14.72, which is 42% above median its own 10-year median of 10.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIP Industries stock overvalued right now?
Based on GuruFocus' analysis, VIP Industries (NSE:VIPIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹403.39, compared to a current price of ₹298.95 — trading 25.9% below its estimated fair value. The current Price-to-Tangible-Book is 14.72, which is 42% above median its 10-year median of 10.39 and 1202.7% above the Manufacturing - Apparel & Accessories industry median of 1.13. VIP Industries' overall GF Score™ is 73/100 with 6 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 VIP Industries (NSE:VIPIND), the current Price-to-Tangible-Book is 14.72 as of Aug. 01, 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 VIP Industries (NSE:VIPIND) Overvalued in 2026?
Based on GuruFocus' analysis, VIP Industries stock appears to be undervalued.
The current stock price of ₹298.95 is trading 25.9% below its estimated GF Value™ of ₹403.39.
GuruFocus considers VIP Industries to be Modestly Undervalued.
Key valuation signals for NSE:VIPIND:
Price-to-Tangible-Book: 14.72 (42% above median its 10-year median of 10.39)
GF Value™: ₹403.39 vs. price of ₹298.95 (25.9% below fair value)
Industry Position: 1202.7% above the Manufacturing - Apparel & Accessories median (#961 of 985)
No single metric tells the full story. See the NSE:VIPIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VIP Industries Ltd is a luggage manufacturer based in India. The company's only segment is the manufacturing and marketing of luggage, bags, and accessories. Geographically, it derives a majority of revenue from India. VIP has a range of brands across luggage categories including Carlton, VIP Bags, Skybags, Aristocrat, Alfa, and Caprese through which it sells trolleys, rucksacks, backpacks, duffel bags, laptop bags, travel accessories, short-haul essentials, soft uprights, vanity cases, hard suitcases, briefcases, and others.
73GF Score
Get the complete analysis for NSE:VIPIND
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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