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Ranking · close of 16 Oct 2026

Lowest price-to-book stocks on PSX

PSX companies priced furthest below (or closest to) the book value of their equity. Fazal Cloth Mills Limited (FZCM) leads the list at 0.12×.

How this list is built: Latest close ÷ book value per share. Companies with positive equity worth at least Rs 1 bn. Only companies with results from the last two years (and, for price-based lists, a trade in the last month) are included. Figures are as reported: an unusually high value often reflects a one-off dividend or gain, so check the company's history before reading too much into it. What is P/B ratio (price-to-book)?
Lowest price-to-book stocks on PSX
# Sector
1 FZCM Textile Composite 0.12× Rs 298.07 Rs 8.9 bn 5.7× 5.0% 2.6%
2 DFSM Textile Spinning 0.15× Rs 14.61 Rs 1.4 bn — 0.0% -2.2%
3 JSML Sugar & Allied Industries 0.16× Rs 48.74 Rs 1.7 bn 12.5× 0.0% 2.5%
4 DCL Cement 0.18× Rs 9.08 Rs 4.4 bn — 0.0% -3.8%
5 RUPL Synthetic & Rayon 0.18× Rs 30.47 Rs 1.0 bn — 0.0% -3.2%
6 ADAMS Sugar & Allied Industries 0.19× Rs 67.20 Rs 1.2 bn — 6.0% 0.9%
7 MEHT Textile Composite 0.20× Rs 127.60 Rs 3.8 bn 3.6× 0.0% 5.6%
8 BHAT Textile Composite 0.21× Rs 801.86 Rs 2.4 bn 3.5× 0.0% 6.2%
9 WAVESAPP Cable & Electrical Goods 0.23× Rs 7.26 Rs 1.9 bn 9.9× 0.0% 2.4%
10 TOWL Textile Composite 0.23× Rs 124.23 Rs 2.1 bn 14.0× 0.0% 1.7%
11 IML Inv. Banks / Inv. Cos. / Securities Cos. 0.24× Rs 24.94 Rs 2.5 bn 65.7× 0.0% 1.6%
12 NML Textile Composite 0.24× Rs 126.26 Rs 44.4 bn 3.1× 1.6% 8.4%
13 CHAS Sugar & Allied Industries 0.24× Rs 83.92 Rs 2.4 bn — 0.0% -25.9%
14 RPL Paper, Board & Packaging 0.24× Rs 15.51 Rs 2.2 bn 19.1× 6.4% 1.3%
15 SFL Textile Composite 0.24× Rs 1,015.41 Rs 25.3 bn 4.5× 1.0% 5.2%
16 FASM Textile Composite 0.25× Rs 288.72 Rs 2.9 bn — 0.0% -3.5%
17 WAVES Cable & Electrical Goods 0.25× Rs 8.91 Rs 2.5 bn 5.7× 0.0% 4.3%
18 SUTM Textile Spinning 0.25× Rs 111.23 Rs 2.3 bn 30.4× 0.0% 0.9%
19 DSL Engineering 0.26× Rs 4.40 Rs 2.0 bn — 0.0% -2.4%
20 DINT Textile Spinning 0.27× Rs 60.07 Rs 3.2 bn 30.4× 0.0% 1.0%
21 SAIF Textile Spinning 0.27× Rs 42.77 Rs 1.1 bn 5.0× 0.0% 5.6%
22 ANL Textile Composite 0.27× Rs 8.60 Rs 4.2 bn 4.9× 0.0% 5.7%
23 GATM Textile Composite 0.29× Rs 19.98 Rs 14.8 bn — 0.0% 1.2%
24 SPWL Power Generation & Distribution 0.30× Rs 8.13 Rs 3.1 bn — 21.5% -0.4%
25 GADT Textile Spinning 0.30× Rs 288.13 Rs 8.1 bn 3.1× 1.7% 10.4%
26 TATM Textile Spinning 0.31× Rs 149.50 Rs 8.4 bn 2.3× 3.3% 14.2%
27 PMRS Sugar & Allied Industries 0.32× Rs 368.47 Rs 1.4 bn — 0.0% -39.4%
28 NAGC Textile Spinning 0.32× Rs 85.97 Rs 1.6 bn 5.7× 7.0% 5.8%
29 CNERGY Refinery 0.32× Rs 12.85 Rs 70.6 bn 6.3× 0.0% 5.3%
30 JSCL Inv. Banks / Inv. Cos. / Securities Cos. 0.32× Rs 23.32 Rs 21.4 bn 3.3× 0.0% 10.7%
31 ALNRS Sugar & Allied Industries 0.33× Rs 115.71 Rs 2.4 bn 14.1× 3.5% 1.5%
32 TCORP Sugar & Allied Industries 0.35× Rs 19.28 Rs 1.3 bn 36.0× 0.0% 1.0%
33 JSBL Commercial Banks 0.35× Rs 12.13 Rs 24.9 bn 4.2× 0.0% 8.8%
34 EMCO Cable & Electrical Goods 0.37× Rs 36.00 Rs 1.3 bn 18.1× 0.0% 2.1%
35 CTM Textile Spinning 0.37× Rs 6.54 Rs 3.3 bn — 0.0% -35.9%
36 ITTEFAQ Engineering 0.37× Rs 8.20 Rs 1.2 bn — 0.0% -9.7%
37 NCL Textile Composite 0.37× Rs 35.55 Rs 8.5 bn 5.5× 11.3% 7.0%
38 SAPT Textile Composite 0.38× Rs 1,530.53 Rs 33.2 bn 3.6× 1.3% 11.3%
39 CRTM Textile Composite 0.38× Rs 58.20 Rs 5.8 bn 110.4× 0.0% 0.4%
40 PRWM Textile Weaving 0.40× Rs 58.20 Rs 1.1 bn 4.1× 4.3% 10.3%
41 PRET Textile Spinning 0.41× Rs 528.91 Rs 3.3 bn 3.8× 2.8% 11.3%
42 SURC Textile Composite 0.41× Rs 130.62 Rs 6.4 bn 3.5× 7.7% 12.4%
43 KAPCO Power Generation & Distribution 0.42× Rs 26.54 Rs 23.4 bn 9.3× 11.3% 4.4%
44 ALTN Power Generation & Distribution 0.42× Rs 6.83 Rs 2.5 bn — 0.0% -17.4%
45 KML Textile Composite 0.43× Rs 8.74 Rs 4.4 bn 874.0× 0.0% 0.1%
46 EXIDE Automobile Parts & Accessories 0.44× Rs 424.51 Rs 3.3 bn 9.8× 1.2% 6.0%
47 REWM Textile Composite 0.44× Rs 171.54 Rs 5.3 bn 6.5× 0.0% 7.3%
48 LPL Power Generation & Distribution 0.44× Rs 18.50 Rs 5.2 bn 77.3× 0.0% -6.2%
49 POML Vanaspati & Allied Industries 0.45× Rs 149.42 Rs 1.2 bn — 0.0% -2.7%
50 SANSM Sugar & Allied Industries 0.46× Rs 119.02 Rs 1.4 bn 10.0× 0.0% 5.7%

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