Firstsource Solutions P/B Ratio
Firstsource Solutions (FSL) P/B ratio is 4.05 (High), book value per share ₹62.91 vs Commercial Services average P/B of -6.37 — Very High - Significant premium, high growth expectations or speculative. Explore FSL Benjamin Graham valuation to estimate fundamental worth using multiple valuation models.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
FSL P/B Ratio — Valuation Insights & Book Value Analysis
Firstsource Solutions price-to-book ratio interpretation, valuation status and historical context — current P/B 4.05 (High). Read FSL dividend track record for the complete payout history and dividend yield track record.
- Stock appears overvalued with PB of 4.05, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Trading at premium to sector average PB of -6.37
Firstsource Solutions P/B Ratio Historical Trend
FSL annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. For live price, earnings yield and the full fundamental profile, see Firstsource Solutions stock price NSE.
FSL Historical P/B Ratio — Book Value Per Share & Year-End Price
Firstsource Solutions annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 4.35 | ₹62.91 | ₹273.45 | ₹4,385 | High |
| 2025 | 5.71 | ₹58.79 | ₹335.80 | ₹4,098 | High |
| 2024 | 7.08 | ₹53.1 | ₹376.00 | ₹3,701 | High |
| 2023 | 3.83 | ₹48.31 | ₹184.85 | ₹3,367 | High |
| 2022 | 2.35 | ₹43.52 | ₹102.30 | ₹3,033 | Moderate |
FSL vs Commercial Services Peers — P/B Ratio Comparison
Firstsource Solutions P/B 4.05 vs Commercial Services average -6.37, median -0.03 — range -61.24–0.13.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| CHPL Industries | CHPLIND | -61.24 | ₹52 | Low |
| Amalgamated Electricity | AMALGAM | -55.02 | ₹41 | Low |
| Ardi Investments & Tradi… | ZARDIINV | -40.74 | ₹0 | Low |
| Befound Movement | BEFOUNDMOL | -29.92 | ₹4 | Low |
| Lords Mark | LORDSMARK | -27.19 | ₹67 | Low |
| Hemo Organic | HEMORGANIC | -23.72 | ₹7 | Low |
| Monotype | MONOT | -16.3 | ₹30 | Low |
| Modella Woollens | MODWOOL | -10.82 | ₹5 | Low |
| Ambitious Plastomac | AMBIT | -10.04 | ₹6 | Low |
| Garware Synthetics | GARWSYN | -7.87 | ₹12 | Low |