VIP Industries (NSE:VIPIND) Price-to-Tangible-Book: (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:VIPIND VIP Industries Ltd NSE:VIPIND
70 GF Score
Price ₹309.40
GF Value ₹405.01
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

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

As of today (2026-08-19), VIP Industries's share price is ₹309.40. VIP Industries's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was ₹0.00. Hence, VIP Industries's Price to Tangible Book Ratio of today is .

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: 15.23

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
97.36% of 986 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.17 vs NSE:VIPIND: 15.23

A closely related ratio is called PB Ratio. As of today, VIP Industries's share price is ₹309.40. VIP Industries's Book Value per Sharefor the quarter that ended in Jun. 2026 was ₹0.00. Hence, VIP 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.

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.

VIP Industries Price-to-Tangible-Book Chart

VIP 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 18.91 12.68 11.05 6.47 14.88

VIP 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 12.78 0.00 14.88 0.00

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.


NSE:VIPIND
70GF Score
VIP Industries Ltd NSE:VIPIND
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VIP Industries Price-to-Tangible-Book Calculation

VIP 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 )
=309.40/0
=

* 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 VIP Industries (NSE:VIPIND) Overvalued in 2026?

Based on GuruFocus' analysis, VIP Industries stock appears to be undervalued. The current stock price of ₹309.40 is trading 23.6% below its estimated GF Value™ of ₹405.01. GuruFocus considers VIP Industries to be Modestly Undervalued.

Key valuation signals for NSE:VIPIND:

  • Price-to-Tangible-Book:
  • GF Value™: ₹405.01 vs. price of ₹309.40 (23.6% below fair value)
  • GF Score™: 70/100 with 7 warning signs

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 Business Description

Other Exchanges 507880:India
Address 88-C, Old Prabhadevi Road, DGP House, 5th Floor, Mumbai, MH, IND, 400 025
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.
70GF 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.

₹309.40
Price
₹405.01
GF Value