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ASHAPURA MINECHEM
PB (Price/Book ) Ratio

The Current P/B Ratio of ASHAPURA MINECHEM is 4.43.

Share Price ₹317.2May 08,2024
Market Cap ₹2,902.4 Cr
Book Value₹655.0 CrMar2023 - Consolidated Results
Price/Book 4.43xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASHAPURA MINECHEM

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 ASHAPURA MINECHEM is calculated as :

Current Market Cap [ ₹2,902.4 Cr] as on May 08,2024

(/) Book Value [ ₹655.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 4.43x ]

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

Thus, for ASHAPURA MINECHEM , the investors are currently willing to pay '4.43 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 ASHAPURA MINECHEM !

The chart below summarizes the trend in P/B Ratio of ASHAPURA MINECHEM over the last five years.

Historical PB (Price/Book ) ratio chart of ASHAPURA MINECHEM


PB Ratio Performance Analysis for ASHAPURA MINECHEM

- ASHAPURA MINECHEM 's latest p/b ratio is 4.43x.

- ASHAPURA MINECHEM 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.15x.

- ASHAPURA MINECHEM 's operated at median p/b ratio of 1.56x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASHAPURA MINECHEM 's p/b ratio peaked in Mar2022 at 2.23x.

- ASHAPURA MINECHEM 's p/b ratio hit its five-year low in Mar2019 of -0.68x.


How does ASHAPURA MINECHEM 's P/B Ratio benchmark against top 10 peers in Mining & Minerals Industry?

Peer Comparison (Mining & Minerals Industry)Book ValuePB RatioMarket Cap
ASHAPURA MINECHEM 655.014.432,902.4
COAL INDIA LTD82,729.803.46286,166.0
NMDC LTD22,620.803.4678,203.2
KIOCL LTD2,002.0413.2126,449.3
GUJARAT MINERAL DEVELOPMENT CORPORATION LTD5,798.282.2012,743.8
SANDUR MANGANESE & IRON ORES LTD1,933.704.258,214.4
MOIL LTD2,244.323.848,620.7
RAGHAV PRODUCTIVITY ENHANCERS LTD133.2211.191,491.1
20 MICRONS LTD293.602.02594.2

Mining & Minerals Industry Benchmark (Top 10) PB Analysis vs ASHAPURA MINECHEM 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.02x
Max industry PB 13.21x
Median industry PB 3.84x
Average industry PB 5.34x



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