ABAN OFFSHORE
|
The Current P/B Ratio of ABAN OFFSHORE is -0.02.
| Share Price | ₹70.8 | Apr 24,2024 |
| Market Cap | ₹413.4 Cr | |
| Book Value | ₹-22,296.8 Cr | Mar2023 - Consolidated Results |
| Price/Book | -0.02x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of ABAN OFFSHORE
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
Current Market Cap [ ₹413.4 Cr] as on Apr 24,2024
(/) Book Value [ ₹-22,296.8 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ -0.02x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for ABAN OFFSHORE , the investors are currently willing to pay '-0.02 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 ABAN OFFSHORE !
The chart below summarizes the trend in P/B Ratio of ABAN OFFSHORE over the last five years.
Thus, for ABAN OFFSHORE , the investors are currently willing to pay '-0.02 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 ABAN OFFSHORE !
The chart below summarizes the trend in P/B Ratio of ABAN OFFSHORE over the last five years.
Historical PB (Price/Book ) ratio chart of ABAN OFFSHORE
PB Ratio Performance Analysis for ABAN OFFSHORE
- ABAN OFFSHORE 's latest p/b ratio is -0.02x.
- ABAN OFFSHORE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -0.02x.
- ABAN OFFSHORE 's operated at median p/b ratio of -0.01x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ABAN OFFSHORE 's p/b ratio peaked in Mar2023 at -0.01x.
- ABAN OFFSHORE 's p/b ratio hit its five-year low in Mar2019 of -0.06x.
- ABAN OFFSHORE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -0.02x.
- ABAN OFFSHORE 's operated at median p/b ratio of -0.01x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ABAN OFFSHORE 's p/b ratio peaked in Mar2023 at -0.01x.
- ABAN OFFSHORE 's p/b ratio hit its five-year low in Mar2019 of -0.06x.
How does ABAN OFFSHORE 's P/B Ratio benchmark against top 10 peers in Oil Exploration Industry?
| Peer Comparison (Oil Exploration Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| ABAN OFFSHORE | -22,296.80 | -0.02 | 413.4 |
| OIL & NATURAL GAS CORPORATION LTD | 280,647.00 | 1.25 | 351,430.0 |
| OIL INDIA LTD | 38,481.50 | 1.71 | 65,986.1 |
| HINDUSTAN OIL EXPLORATION COMPANY LTD | 947.20 | 2.82 | 2,669.3 |
| JINDAL DRILLING & INDUSTRIES LTD | 1,309.28 | 1.76 | 2,309.8 |
| ASIAN ENERGY SERVICES LTD | 199.39 | 5.96 | 1,188.0 |
| SELAN EXPLORATION TECHNOLOGY LTD | 359.89 | 2.66 | 957.4 |
| DEEP ENERGY RESOURCES LTD | 399.52 | 1.46 | 581.8 |
| GUJARAT NATURAL RESOURCES LTD | 109.47 | 1.14 | 125.2 |
| AAKASH EXPLORATION SERVICES LTD | 52.30 | 2.16 | 112.9 |
Oil Exploration Industry Benchmark (Top 10) PB Analysis vs ABAN OFFSHORE 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | -0.02x |
| Max industry PB | 5.96x |
| Median industry PB | 1.76x |
| Average industry PB | 2.09x |
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