APOLLO TYRES
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The Current P/B Ratio of APOLLO TYRES is 2.34.
| Share Price | ₹473.6 | Apr 18,2024 |
| Market Cap | ₹30,078.3 Cr | |
| Book Value | ₹12,877.8 Cr | Mar2023 - Consolidated Results |
| Price/Book | 2.34x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of APOLLO TYRES
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 [ ₹30,078.3 Cr] as on Apr 18,2024
(/) Book Value [ ₹12,877.8 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 2.34x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for APOLLO TYRES , the investors are currently willing to pay '2.34 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 APOLLO TYRES !
The chart below summarizes the trend in P/B Ratio of APOLLO TYRES over the last five years.
Thus, for APOLLO TYRES , the investors are currently willing to pay '2.34 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 APOLLO TYRES !
The chart below summarizes the trend in P/B Ratio of APOLLO TYRES over the last five years.
Historical PB (Price/Book ) ratio chart of APOLLO TYRES
PB Ratio Performance Analysis for APOLLO TYRES
- APOLLO TYRES 's latest p/b ratio is 2.34x.
- APOLLO TYRES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.11x.
- APOLLO TYRES 's operated at median p/b ratio of 1.24x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, APOLLO TYRES 's p/b ratio peaked in Mar2023 at 1.58x.
- APOLLO TYRES 's p/b ratio hit its five-year low in Mar2020 of 0.46x.
- APOLLO TYRES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.11x.
- APOLLO TYRES 's operated at median p/b ratio of 1.24x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, APOLLO TYRES 's p/b ratio peaked in Mar2023 at 1.58x.
- APOLLO TYRES 's p/b ratio hit its five-year low in Mar2020 of 0.46x.
How does APOLLO TYRES 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?
| Peer Comparison (Tyres & Allied Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| APOLLO TYRES | 12,877.80 | 2.34 | 30,078.3 |
| MRF LTD | 14,707.70 | 3.73 | 54,802.8 |
| BALKRISHNA INDUSTRIES LTD | 7,556.93 | 5.98 | 45,158.9 |
| JK TYRE & INDUSTRIES LTD | 3,396.16 | 3.12 | 10,580.2 |
| CEAT LTD | 3,439.64 | 2.95 | 10,142.0 |
| TVS SRICHAKRA LTD | 1,034.18 | 3.16 | 3,268.3 |
| GOODYEAR INDIA LTD | 605.81 | 4.44 | 2,692.6 |
Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs APOLLO TYRES 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 2.34x |
| Max industry PB | 5.98x |
| Median industry PB | 3.16x |
| Average industry PB | 3.67x |
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