ARTSON ENGINEERING
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The Current P/B Ratio of ARTSON ENGINEERING is -40.11.
Share Price | ₹165.1 | Apr 24,2024 |
Market Cap | ₹609.2 Cr | |
Book Value | ₹-15.2 Cr | Mar2023 - Standalone Results |
Price/Book | -40.11x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of ARTSON ENGINEERING
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹609.2 Cr] as on Apr 24,2024
(/) Book Value [ ₹-15.2 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ -40.11x ]
Thus, for ARTSON ENGINEERING , the investors are currently willing to pay '-40.11 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 ARTSON ENGINEERING !
The chart below summarizes the trend in P/B Ratio of ARTSON ENGINEERING over the last five years.
Historical PB (Price/Book ) ratio chart of ARTSON ENGINEERING
PB Ratio Performance Analysis for ARTSON ENGINEERING
- ARTSON ENGINEERING 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 434.38x.
- ARTSON ENGINEERING 's operated at median p/b ratio of 26.07x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ARTSON ENGINEERING 's p/b ratio peaked in Mar2021 at 1266.61x.
- ARTSON ENGINEERING 's p/b ratio hit its five-year low in Mar2023 of -16.4x.
How does ARTSON 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 |
---|---|---|---|
ARTSON ENGINEERING | -15.19 | -40.11 | 609.2 |
BHARAT ELECTRONICS LTD | 13,861.60 | 12.46 | 172,767.0 |
BHARAT HEAVY ELECTRICALS LTD | 26,828.00 | 3.43 | 91,909.1 |
THERMAX LTD | 3,865.55 | 13.67 | 52,850.6 |
TRIVENI TURBINE LTD | 760.35 | 22.49 | 17,098.6 |
KIRLOSKAR OIL ENGINES LTD | 2,290.03 | 6.03 | 13,816.8 |
ELECON ENGINEERING COMPANY LTD | 1,604.03 | 8.04 | 12,897.4 |
PRAJ INDUSTRIES LTD | 1,075.34 | 8.89 | 9,560.1 |
SHRIRAM PISTONS & RINGS LTD | 1,527.46 | 5.91 | 9,023.6 |
KIRLOSKAR BROTHERS LTD | 1,403.88 | 7.38 | 10,359.7 |
TEGA INDUSTRIES LTD | 1,048.95 | 9.61 | 10,083.8 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs ARTSON ENGINEERING 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -40.11x |
Max industry PB | 22.49x |
Median industry PB | 8.04x |
Average industry PB | 5.25x |
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