ARTEMIS MEDICARE SERVICES
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The Current P/B Ratio of ARTEMIS MEDICARE SERVICES is 6.33.
Share Price | ₹182.7 | Apr 25,2024 |
Market Cap | ₹2,501.2 Cr | |
Book Value | ₹395.1 Cr | Mar2023 - Consolidated Results |
Price/Book | 6.33x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of ARTEMIS MEDICARE SERVICES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
ARTEMIS MEDICARE SERVICES | 395.09 | 6.33 | 2,501.2 |
APOLLO HOSPITALS ENTERPRISE LTD | 6,112.50 | 15.02 | 91,810.8 |
MAX HEALTHCARE INSTITUTE LTD | 7,367.96 | 10.59 | 78,030.0 |
GLOBAL HEALTH LTD | 2,423.07 | 15.96 | 38,663.7 |
FORTIS HEALTHCARE LTD | 7,240.51 | 4.62 | 33,467.3 |
NARAYANA HRUDAYALAYA LTD | 2,130.60 | 12.15 | 25,892.5 |
ASTER DM HEALTHCARE LTD | 4,448.07 | 4.11 | 18,292.2 |
DR LAL PATHLABS LTD | 1,608.03 | 12.10 | 19,458.7 |
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD | 1,669.54 | 9.68 | 16,164.4 |
RAINBOW CHILDRENS MEDICARE LTD | 1,059.91 | 12.61 | 13,367.3 |
METROPOLIS HEALTHCARE LTD | 980.89 | 9.24 | 9,060.1 |
Hospital & Healthcare Services Industry Benchmark (Top 10) PB Analysis vs ARTEMIS MEDICARE SERVICES 's P/B Ratio
Top 10 Industry Peers | PB 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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