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ARTEMIS MEDICARE SERVICES
PB (Price/Book ) Ratio

The Current P/B Ratio of ARTEMIS MEDICARE SERVICES is 6.33.

Share Price ₹182.7Apr 25,2024
Market Cap ₹2,501.2 Cr
Book Value₹395.1 CrMar2023 - Consolidated Results
Price/Book 6.33xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ARTEMIS MEDICARE SERVICES

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 MEDICARE SERVICES is calculated as :

Current Market Cap [ ₹2,501.2 Cr] as on Apr 25,2024

(/) Book Value [ ₹395.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 6.33x ]

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

Thus, for ARTEMIS MEDICARE SERVICES , the investors are currently willing to pay '6.33 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 MEDICARE SERVICES !

The chart below summarizes the trend in P/B Ratio of ARTEMIS MEDICARE SERVICES over the last five years.

Historical PB (Price/Book ) ratio chart of ARTEMIS MEDICARE SERVICES


PB Ratio Performance Analysis for ARTEMIS MEDICARE SERVICES

- ARTEMIS MEDICARE SERVICES 's latest p/b ratio is 6.33x.

- ARTEMIS MEDICARE SERVICES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.36x.

- ARTEMIS MEDICARE SERVICES 's operated at median p/b ratio of 1.16x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ARTEMIS MEDICARE SERVICES 's p/b ratio peaked in Mar2023 at 2.79x.

- ARTEMIS MEDICARE SERVICES 's p/b ratio hit its five-year low in Mar2019 of 0x.


How does ARTEMIS MEDICARE SERVICES 's P/B Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Book ValuePB RatioMarket Cap
ARTEMIS MEDICARE SERVICES 395.096.332,501.2
APOLLO HOSPITALS ENTERPRISE LTD6,112.5015.0291,810.8
MAX HEALTHCARE INSTITUTE LTD7,367.9610.5978,030.0
GLOBAL HEALTH LTD2,423.0715.9638,663.7
FORTIS HEALTHCARE LTD7,240.514.6233,467.3
NARAYANA HRUDAYALAYA LTD2,130.6012.1525,892.5
ASTER DM HEALTHCARE LTD4,448.074.1118,292.2
DR LAL PATHLABS LTD1,608.0312.1019,458.7
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD1,669.549.6816,164.4
RAINBOW CHILDRENS MEDICARE LTD1,059.9112.6113,367.3
METROPOLIS HEALTHCARE LTD980.899.249,060.1

Hospital & Healthcare Services Industry Benchmark (Top 10) PB Analysis vs ARTEMIS MEDICARE SERVICES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.11x
Max industry PB 15.96x
Median industry PB 10.59x
Average industry PB 10.22x



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