ARVIND
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The Current P/B Ratio of ARVIND is 2.79.
Share Price | ₹378.4 | May 18,2024 |
Market Cap | ₹9,898.9 Cr | |
Book Value | ₹3,542.8 Cr | Mar2024 - Consolidated Results |
Price/Book | 2.79x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of ARVIND
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹9,898.9 Cr] as on May 18,2024
(/) Book Value [ ₹3,542.8 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 2.79x ]
Thus, for ARVIND , the investors are currently willing to pay '2.79 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 ARVIND !
The chart below summarizes the trend in P/B Ratio of ARVIND over the last five years.
Historical PB (Price/Book ) ratio chart of ARVIND
PB Ratio Performance Analysis for ARVIND
- ARVIND 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.67x.
- ARVIND 's operated at median p/b ratio of 0.67x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ARVIND 's p/b ratio peaked in Mar2022 at 1.02x.
- ARVIND 's p/b ratio hit its five-year low in Mar2020 of 0.19x.
How does ARVIND 's P/B Ratio benchmark against top 10 peers in Textile Industry?
Peer Comparison (Textile Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
ARVIND | 3,542.75 | 2.79 | 9,898.9 |
PAGE INDUSTRIES LTD | 1,371.05 | 29.12 | 39,925.7 |
KPR MILL LTD | 4,358.23 | 6.55 | 28,536.3 |
VEDANT FASHIONS LTD | 1,601.88 | 15.56 | 24,923.6 |
SWAN ENERGY LTD | 2,283.68 | 8.24 | 18,807.4 |
WELSPUN LIVING LTD | 4,515.81 | 3.13 | 14,125.2 |
ALOK INDUSTRIES LTD | -19,775.90 | -0.67 | 13,237.3 |
VARDHMAN TEXTILES LTD | 9,100.13 | 1.47 | 13,365.7 |
GARWARE TECHNICAL FIBRES LTD | 1,016.40 | 6.30 | 6,408.1 |
JINDAL WORLDWIDE LTD | 649.98 | 10.91 | 7,091.4 |
INDO COUNT INDUSTRIES LTD | 1,792.70 | 4.30 | 7,717.2 |
Textile Industry Benchmark (Top 10) PB Analysis vs ARVIND 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -0.67x |
Max industry PB | 29.12x |
Median industry PB | 6.30x |
Average industry PB | 7.97x |
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