HLE Glascoat P/B Ratio
HLE Glascoat (HLEGLAS) P/B ratio is 4.23 (High), book value per share ₹381.43 vs Capital Goods average P/B of -0.04 — Very High - Significant premium, high growth expectations or speculative. Compare with HLEGLAS fair value estimate to assess whether the stock is under or overvalued.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
HLEGLAS P/B Ratio — Valuation Insights & Book Value Analysis
HLE Glascoat price-to-book ratio interpretation, valuation status and historical context — current P/B 4.23 (High). View HLEGLAS 52-week chart for the annual high/low range and current price position.
- Stock appears overvalued with PB of 4.23, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Current PB is 135.5% above historical average
- Trading at premium to sector average PB of -0.04
HLE Glascoat P/B Ratio Historical Trend
HLEGLAS 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 HLE Glascoat share price today.
HLEGLAS Historical P/B Ratio — Book Value Per Share & Year-End Price
HLE Glascoat 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 | 0.86 | ₹381.43 | ₹327.95 | ₹534 | Low |
| 2025 | 1.11 | ₹395.71 | ₹439.15 | ₹554 | Moderate |
| 2024 | 1.04 | ₹355.0 | ₹369.10 | ₹497 | Moderate |
| 2023 | 2.31 | ₹233.57 | ₹539.90 | ₹327 | Moderate |
| 2022 | 3.66 | ₹181.43 | ₹664.45 | ₹254 | High |
HLEGLAS vs Capital Goods Peers — P/B Ratio Comparison
HLE Glascoat P/B 4.23 vs Capital Goods average -0.04, median 0.64 — range -5.17–1.18.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Lexoraa Industries | LEXORAA | -5.17 | ₹6 | Low |
| Jyoti | JYOTI | -5.14 | ₹153 | Low |
| Miven Machine Tools | MIVENMACH | -4.72 | ₹29 | Low |
| Incon Engineers | INCON | -3.44 | ₹7 | Low |
| Mipco Seamless Rings | MPCOSEMB | -2.94 | ₹10 | Low |
| Thakral Services | THAKRAL | -1.96 | ₹19 | Low |
| Benara Bearings | BENARA | -1.91 | ₹19 | Low |
| Switching Technologies G… | SWITCHTE | -1.18 | ₹21 | Low |
| HMT | HMT | -1.04 | ₹2,684 | Low |
| TMT India | TMTIND-B1 | -0.51 | ₹3 | Low |