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ASIAN GRANITO INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of ASIAN GRANITO INDIA is 0.62.

Share Price ₹61.2Apr 18,2024
Market Cap ₹775.5 Cr
Book Value₹1,256.1 CrMar2023 - Consolidated Results
Price/Book 0.62xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASIAN GRANITO INDIA

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 ASIAN GRANITO INDIA is calculated as :

Current Market Cap [ ₹775.5 Cr] as on Apr 18,2024

(/) Book Value [ ₹1,256.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 0.62x ]

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

Thus, for ASIAN GRANITO INDIA , the investors are currently willing to pay '0.62 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 ASIAN GRANITO INDIA !

The chart below summarizes the trend in P/B Ratio of ASIAN GRANITO INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of ASIAN GRANITO INDIA


PB Ratio Performance Analysis for ASIAN GRANITO INDIA

- ASIAN GRANITO INDIA 's latest p/b ratio is 0.62x.

- ASIAN GRANITO INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.88x.

- ASIAN GRANITO INDIA 's operated at median p/b ratio of 0.79x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASIAN GRANITO INDIA 's p/b ratio peaked in Mar2019 at 1.65x.

- ASIAN GRANITO INDIA 's p/b ratio hit its five-year low in Mar2023 of 0.35x.


How does ASIAN GRANITO INDIA 's P/B Ratio benchmark against top 10 peers in Ceramics/Marble/Granite/Sanitaryware Industry?

Peer Comparison (Ceramics/Marble/Granite/Sanitaryware Industry)Book ValuePB RatioMarket Cap
ASIAN GRANITO INDIA 1,256.050.62775.5
KAJARIA CERAMICS LTD2,317.908.4219,525.9
CERA SANITARYWARE LTD1,172.647.859,210.5
SOMANY CERAMICS LTD784.383.162,479.5
POKARNA LTD507.152.821,431.9
GLOBAL SURFACES LTD261.333.56930.7
ORIENT BELL LTD304.771.73527.5
NITCO LTD-349.27-1.22426.9
EXXARO TILES LTD274.061.58434.2
MURUDESHWAR CERAMICS LTD350.020.85297.0
ASI INDUSTRIES LTD307.060.77237.8

Ceramics/Marble/Granite/Sanitaryware Industry Benchmark (Top 10) PB Analysis vs ASIAN GRANITO INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -1.22x
Max industry PB 8.42x
Median industry PB 1.73x
Average industry PB 2.74x



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