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ARTEMIS ELECTRICALS AND PROJECTS
PB (Price/Book ) Ratio

The Current P/B Ratio of ARTEMIS ELECTRICALS AND PROJECTS is 11.69.

Share Price ₹35.2Apr 16,2024
Market Cap ₹883.8 Cr
Book Value₹75.6 CrMar2023 - Consolidated Results
Price/Book 11.69xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ARTEMIS ELECTRICALS AND PROJECTS

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 ARTEMIS ELECTRICALS AND PROJECTS is calculated as :

Current Market Cap [ ₹883.8 Cr] as on Apr 16,2024

(/) Book Value [ ₹75.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 11.69x ]

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

Thus, for ARTEMIS ELECTRICALS AND PROJECTS , the investors are currently willing to pay '11.69 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 ARTEMIS ELECTRICALS AND PROJECTS !

The chart below summarizes the trend in P/B Ratio of ARTEMIS ELECTRICALS AND PROJECTS over the last five years.

Historical PB (Price/Book ) ratio chart of ARTEMIS ELECTRICALS AND PROJECTS


PB Ratio Performance Analysis for ARTEMIS ELECTRICALS AND PROJECTS

- ARTEMIS ELECTRICALS AND PROJECTS 's latest p/b ratio is 11.69x.

- ARTEMIS ELECTRICALS AND PROJECTS 's p/b ratio for fiscal years ending Mar2023 to Mar2022 averaged 23.87x.

- ARTEMIS ELECTRICALS AND PROJECTS 's operated at median p/b ratio of 45.98x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, ARTEMIS ELECTRICALS AND PROJECTS 's p/b ratio peaked in Mar2023 at 45.98x.

- ARTEMIS ELECTRICALS AND PROJECTS 's p/b ratio hit its five-year low in Mar2022 of 1.75x.


How does ARTEMIS ELECTRICALS AND PROJECTS 's P/B Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Book ValuePB RatioMarket Cap
ARTEMIS ELECTRICALS AND PROJECTS 75.6211.69883.8
SIEMENS LTD13,087.1015.05197,025.0
ABB INDIA LTD5,944.5323.70140,860.0
HAVELLS INDIA LTD6,623.1514.0292,861.9
CG POWER AND INDUSTRIAL SOLUTIONS LTD1,784.4944.3179,070.0
SUZLON ENERGY LTD1,099.1450.2155,185.8
HITACHI ENERGY INDIA LTD1,215.3126.3832,059.4
APAR INDUSTRIES LTD2,236.3912.5227,996.5
GE T&D INDIA LTD1,072.7121.9023,489.7
INOX WIND LTD1,736.3110.3117,901.1
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD137.69137.9018,988.4

Electric Equipment Industry Benchmark (Top 10) PB Analysis vs ARTEMIS ELECTRICALS AND PROJECTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 10.31x
Max industry PB 137.90x
Median industry PB 21.90x
Average industry PB 33.45x



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