HB Stockholdings (NSE:HBSL) ROE % Adjusted to Book Value: -129.74% (As of Mar. 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:HBSL HB Stockholdings Ltd NSE:HBSL
34 GF Score
Price ₹49.44
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is HB Stockholdings ROE % Adjusted to Book Value?

HB Stockholdings NSE:HBSL -1.10% 34 ROE % Adjusted to Book Value is -129.74% as of Mar. 2026. GuruFocus rates NSE:HBSL with a GF Score™ of 34/100 (Possible Value Trap). The stock has 3 warning signs investors should review.

HB Stockholdings's ROE % for the quarter that ended in Mar. 2026 was -50.60%. HB Stockholdings's PB Ratio for the quarter that ended in Mar. 2026 was 0.39. HB Stockholdings's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -129.74%.


HB Stockholdings ROE % Adjusted to Book Value Related Terms


HB Stockholdings ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for HB Stockholdings's ROE % Adjusted to Book Value 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.

HB Stockholdings ROE % Adjusted to Book Value Chart

HB Stockholdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.84 -5.98 77.88 -21.45 -32.92

HB Stockholdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 -54.83 0.00 -32.13 0.00 -129.74

NSE:HBSL vs MS, GS, SCHW: ROE % Adjusted to Book Value Comparison

For the Capital Markets subindustry, HB Stockholdings's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


HB Stockholdings ROE % Adjusted to Book Value vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, HB Stockholdings's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where HB Stockholdings's ROE % Adjusted to Book Value falls into.


NSE:HBSL
34GF Score
HB Stockholdings Ltd NSE:HBSL
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HB Stockholdings ROE % Adjusted to Book Value Calculation

HB Stockholdings's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-12.84% / 0.39
=-32.92%

HB Stockholdings's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-50.60% / 0.39
=-129.74%

* 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.

What does a ROE % Adjusted to Book Value of -129.74% mean?
HB Stockholdings (NSE:HBSL) has a ROE % Adjusted to Book Value of -129.74% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on HB Stockholdings and its competitors.
Is HB Stockholdings' ROE % Adjusted to Book Value too high?
HB Stockholdings' current ROE % Adjusted to Book Value is -129.74%. Overall, HB Stockholdings has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HB Stockholdings' ROE % Adjusted to Book Value compare to MS and GS?
HB Stockholdings' ROE % Adjusted to Book Value of -129.74% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Capital Markets company?
A good ROE % Adjusted to Book Value depends on the Capital Markets industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on HB Stockholdings and its competitors. HB Stockholdings's current ROE % Adjusted to Book Value is -129.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HB Stockholdings stock overvalued right now?
Based on GuruFocus' analysis, HB Stockholdings (NSE:HBSL) is currently considered Possible Value Trap. The current ROE % Adjusted to Book Value is -129.74%. HB Stockholdings' overall GF Score™ is 34/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For HB Stockholdings (NSE:HBSL), the current ROE % Adjusted to Book Value is -129.74% as of Mar. 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.

HB Stockholdings Business Description

Other Exchanges 532216:India
Address Plot No. 31, Echelon Institutional Area, Sector-32, Gurugram, HR, IND, 122 001
HB Stockholdings Ltd is a Non-banking financial company Non-Systemically Important Non-Deposit taking Company registered with the Reserve Bank of India. Its objective is to provide all fund and non-fund-based financial services. The company presently carries on the activities of investment in securities (Sale and Purchase of Securities), viz. Equity Shares, Preference Shares, Mutual Funds, etc. The principal business activity of the company is to undertake financial services, investing, and dealing in various kinds of securities. Details of Loans, Guarantees, and Investments. There are no separate reportable segments.
34GF Score

Get the complete analysis for NSE:HBSL

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

₹49.44
Price