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ASHOK LEYLAND
PB (Price/Book ) Ratio

The Current P/B Ratio of ASHOK LEYLAND is 6.39.

Share Price ₹185.1Apr 26,2024
Market Cap ₹54,350.9 Cr
Book Value₹8,511.4 CrMar2023 - Consolidated Results
Price/Book 6.39xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASHOK LEYLAND

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 ASHOK LEYLAND is calculated as :

Current Market Cap [ ₹54,350.9 Cr] as on Apr 26,2024

(/) Book Value [ ₹8,511.4 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 6.39x ]

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

Thus, for ASHOK LEYLAND , the investors are currently willing to pay '6.39 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 ASHOK LEYLAND !

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

Historical PB (Price/Book ) ratio chart of ASHOK LEYLAND


PB Ratio Performance Analysis for ASHOK LEYLAND

- ASHOK LEYLAND 's latest p/b ratio is 6.39x.

- ASHOK LEYLAND 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.70x.

- ASHOK LEYLAND 's operated at median p/b ratio of 4.26x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASHOK LEYLAND 's p/b ratio peaked in Mar2023 at 4.8x.

- ASHOK LEYLAND 's p/b ratio hit its five-year low in Mar2020 of 1.63x.


How does ASHOK LEYLAND 's P/B Ratio benchmark against top 10 peers in Automobiles-Trucks/Lcv Industry?

Peer Comparison (Automobiles-Trucks/Lcv Industry)Book ValuePB RatioMarket Cap
ASHOK LEYLAND 8,511.436.3954,350.9
TATA MOTORS LTD45,256.107.34332,158.0
OLECTRA GREENTECH LTD913.4815.6914,331.7
FORCE MOTORS LTD2,255.145.6012,628.9
SML ISUZU LTD177.9518.333,262.3

Automobiles-Trucks/Lcv Industry Benchmark (Top 10) PB Analysis vs ASHOK LEYLAND 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 5.60x
Max industry PB 18.33x
Median industry PB 7.34x
Average industry PB 10.67x



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