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ACTION CONSTRUCTION EQUIPMENT
PB (Price/Book ) Ratio

The Current P/B Ratio of ACTION CONSTRUCTION EQUIPMENT is 18.49.

Share Price ₹1,426.1Mar 28,2024
Market Cap ₹16,984.3 Cr
Book Value₹918.6 CrMar2023 - Consolidated Results
Price/Book 18.49xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ACTION CONSTRUCTION EQUIPMENT

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 ACTION CONSTRUCTION EQUIPMENT is calculated as :

Current Market Cap [ ₹16,984.3 Cr] as on Mar 28,2024

(/) Book Value [ ₹918.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 18.49x ]

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

Thus, for ACTION CONSTRUCTION EQUIPMENT , the investors are currently willing to pay '18.49 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 ACTION CONSTRUCTION EQUIPMENT !

The chart below summarizes the trend in P/B Ratio of ACTION CONSTRUCTION EQUIPMENT over the last five years.

Historical PB (Price/Book ) ratio chart of ACTION CONSTRUCTION EQUIPMENT


PB Ratio Performance Analysis for ACTION CONSTRUCTION EQUIPMENT

- ACTION CONSTRUCTION EQUIPMENT 's latest p/b ratio is 18.49x.

- ACTION CONSTRUCTION EQUIPMENT 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.28x.

- ACTION CONSTRUCTION EQUIPMENT 's operated at median p/b ratio of 3.35x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ACTION CONSTRUCTION EQUIPMENT 's p/b ratio peaked in Mar2023 at 5.28x.

- ACTION CONSTRUCTION EQUIPMENT 's p/b ratio hit its five-year low in Mar2020 of 0.89x.


How does ACTION CONSTRUCTION EQUIPMENT 's P/B Ratio benchmark against top 10 peers in Construction Vehicles Industry?

Peer Comparison (Construction Vehicles Industry)Book ValuePB RatioMarket Cap
ACTION CONSTRUCTION EQUIPMENT 918.5618.4916,984.3
BEML LTD2,421.485.4713,257.5
SANGHVI MOVERS LTD841.726.965,858.0
TIL LTD-292.36-3.831,118.9
BRADY & MORRIS ENGINEERING COMPANY LTD14.9311.83176.7

Construction Vehicles Industry Benchmark (Top 10) PB Analysis vs ACTION CONSTRUCTION EQUIPMENT 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -3.83x
Max industry PB 18.49x
Median industry PB 6.96x
Average industry PB 7.79x



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