AJAX ENGINEERING
|
The Current P/B Ratio of AJAX ENGINEERING is 4.44.
| Share Price | ₹540.4 | Jul 03,2026 |
| Market Cap | ₹6,181.6 Cr | |
| Book Value | ₹1,392.2 Cr | Mar2026 - Standalone Results |
| Price/Book | 4.44x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of AJAX ENGINEERING
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹6,181.6 Cr] as on Jul 03,2026
(/) Book Value [ ₹1,392.2 Cr] based on Mar2026 - Standalone Results
(=) P/B Ratio [ 4.44x ]
Thus, for AJAX ENGINEERING , the investors are currently willing to pay '4.44 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 AJAX ENGINEERING !
The chart below summarizes the trend in P/B Ratio of AJAX ENGINEERING over the last five years.
Historical PB (Price/Book ) ratio chart of AJAX ENGINEERING
PB Ratio Performance Analysis for AJAX ENGINEERING
- AJAX ENGINEERING 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged 1.18x.
- AJAX ENGINEERING 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, AJAX ENGINEERING 's p/b ratio peaked in Mar2025 at 5.91x.
- AJAX ENGINEERING 's p/b ratio hit its five-year low in Mar2024 of 0x.
How does AJAX ENGINEERING 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
| Peer Comparison (Engineering - Industrial Equipments Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| AJAX ENGINEERING | 1,392.22 | 4.44 | 6,181.6 |
| BHARAT HEAVY ELECTRICALS LTD | 26,146.60 | 5.11 | 133,537.0 |
| THERMAX LTD | 5,541.73 | 9.92 | 54,962.0 |
| KIRLOSKAR OIL ENGINES LTD | 3,620.19 | 8.96 | 32,447.3 |
| TRIVENI TURBINE LTD | 1,446.00 | 14.48 | 20,939.7 |
| JYOTI CNC AUTOMATION LTD | 2,001.33 | 8.75 | 17,516.1 |
| INOX INDIA LTD | 1,107.73 | 15.34 | 16,989.1 |
| AZAD ENGINEERING LTD | 1,528.90 | 9.07 | 13,873.1 |
| TEGA INDUSTRIES LTD | 3,407.18 | 3.63 | 12,359.3 |
| ELECON ENGINEERING COMPANY LTD | 2,305.85 | 5.13 | 11,823.6 |
| KRN HEAT EXCHANGER AND REFRIGERATION LTD | 574.00 | 13.83 | 7,936.5 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs AJAX ENGINEERING 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 3.63x |
| Max industry PB | 15.34x |
| Median industry PB | 8.96x |
| Average industry PB | 8.97x |
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