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AARTECH SOLONICS
PB (Price/Book ) Ratio

The Current P/B Ratio of AARTECH SOLONICS is 8.16.

Share Price ₹221.2May 17,2024
Market Cap ₹234.5 Cr
Book Value₹28.7 CrMar2023 - Consolidated Results
Price/Book 8.16xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of AARTECH SOLONICS

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of AARTECH SOLONICS is calculated as :

Current Market Cap [ ₹234.5 Cr] as on May 17,2024

(/) Book Value [ ₹28.7 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 8.16x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for AARTECH SOLONICS , the investors are currently willing to pay '8.16 times book value' to own 1 share of the company.

PB Multiples are one of the most widely used valuation multiple in industry.

Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.

In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of AARTECH SOLONICS !

The chart below summarizes the trend in P/B Ratio of AARTECH SOLONICS over the last five years.

Historical PB (Price/Book ) ratio chart of AARTECH SOLONICS


PB Ratio Performance Analysis for AARTECH SOLONICS

- AARTECH SOLONICS 's latest p/b ratio is 8.16x.

- AARTECH SOLONICS 's p/b ratio for fiscal years ending Mar2023 to Mar2018 averaged 0.89x.

- AARTECH SOLONICS 's operated at median p/b ratio of 0.97x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, AARTECH SOLONICS 's p/b ratio peaked in Mar2023 at 2.47x.

- AARTECH SOLONICS 's p/b ratio hit its five-year low in Mar2022 of 0x.


How does AARTECH SOLONICS 's P/B Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Book ValuePB RatioMarket Cap
AARTECH SOLONICS 28.738.16234.5
SIEMENS LTD13,087.1019.56255,969.0
ABB INDIA LTD5,944.5329.86177,485.0
HAVELLS INDIA LTD7,446.7615.27113,690.0
CG POWER AND INDUSTRIAL SOLUTIONS LTD3,017.4433.1299,951.3
SUZLON ENERGY LTD1,099.1452.9358,180.6
HITACHI ENERGY INDIA LTD1,215.3138.6246,929.4
APAR INDUSTRIES LTD3,876.448.2732,076.2
GE T&D INDIA LTD1,072.7129.7431,903.4
INOX WIND LTD1,697.3611.7219,899.2
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD137.69151.3020,833.1

Electric Equipment Industry Benchmark (Top 10) PB Analysis vs AARTECH SOLONICS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 8.16x
Max industry PB 151.30x
Median industry PB 29.74x
Average industry PB 36.23x



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