Stocks below book value: price to book under 1

Companies whose market value is less than their net worth on the latest balance sheet: a price to book ratio below 1. Book value is what the shareholders' funds come to in the accounts. 1,377 companies met this on 29 Oct 2026.

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About stocks below book value

Stocks below book value are listed Indian companies whose market value is below their net worth on the latest balance sheet, a price to book (P/B) ratio of 1 or less. The default columns are market cap, P/E, P/B, P/S, EV/EBITDA, PEG, dividend yield and earnings yield; the tabs switch to returns, profitability and ownership.

What the screen finds

The screen applies one test to each company: P/B of 1 or less, using the current price and the latest balance sheet. A company joins or leaves the list as its price moves or a new balance sheet is filed. The list can be narrowed by sector and size.

Book value and P/B

Book value, also called net worth, is what the company's own shareholders own on paper: assets minus liabilities as the balance sheet records them, less the share that belongs to other owners of subsidiaries. P/B is market cap divided by that net worth. Market cap is the share price times the number of shares.

A P/B of 1 means the market values the company at exactly its net worth. Below 1, it values the company at less than the balance sheet says shareholders own.

Why a stock trades below book value

Common reasons are low or negative profit, heavy debt, and doubt that assets are worth their recorded value: old inventory, unlisted investments, loans that may not be repaid. In very small companies a few trades can set the price.

Banks and other lenders

For a bank or finance company, net worth is the capital that absorbs losses on loans, so P/B is a standard measure for lenders, and the page tags them. Their P/B depends on loan quality as well as profit. For asset-light businesses such as software, most value is not on the balance sheet, so a P/B under 1 is rare.

Limits of the measure

P/B uses asset values at the balance sheet date, which can differ from what they would fetch if sold. It says nothing about earnings. P/E in this table, ROE on the profitability tab and debt to equity on the ownership and debt tab show whether the company earns on its net worth and how much it owes. Related screens narrow the list: penny stocks below book value and debt free stocks below book value.

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