ASIT C MEHTA FINANCIAL SERVICES
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The Current P/B Ratio of ASIT C MEHTA FINANCIAL SERVICES is -41.80.
Share Price | ₹175.0 | May 18,2024 |
Market Cap | ₹143.5 Cr | |
Book Value | ₹-3.4 Cr | Mar2023 - Consolidated Results |
Price/Book | -41.80x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of ASIT C MEHTA FINANCIAL SERVICES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹143.5 Cr] as on May 18,2024
(/) Book Value [ ₹-3.4 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ -41.80x ]
Thus, for ASIT C MEHTA FINANCIAL SERVICES , the investors are currently willing to pay '-41.80 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 ASIT C MEHTA FINANCIAL SERVICES !
The chart below summarizes the trend in P/B Ratio of ASIT C MEHTA FINANCIAL SERVICES over the last five years.
Historical PB (Price/Book ) ratio chart of ASIT C MEHTA FINANCIAL SERVICES
PB Ratio Performance Analysis for ASIT C MEHTA FINANCIAL SERVICES
- ASIT C MEHTA FINANCIAL SERVICES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -1.59x.
- ASIT C MEHTA FINANCIAL SERVICES 's operated at median p/b ratio of 1.03x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ASIT C MEHTA FINANCIAL SERVICES 's p/b ratio peaked in Mar2022 at 4.25x.
- ASIT C MEHTA FINANCIAL SERVICES 's p/b ratio hit its five-year low in Mar2023 of -15.21x.
How does ASIT C MEHTA FINANCIAL SERVICES 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
ASIT C MEHTA FINANCIAL SERVICES | -3.43 | -41.80 | 143.5 |
TATA CONSULTANCY SERVICES LTD | 90,489.00 | 15.39 | 1,392,960.0 |
INFOSYS LTD | 87,203.00 | 6.87 | 599,376.0 |
HCL TECHNOLOGIES LTD | 65,017.00 | 5.59 | 363,265.0 |
WIPRO LTD | 74,533.00 | 3.24 | 241,720.0 |
LTIMINDTREE LTD | 20,026.40 | 7.03 | 140,704.0 |
TECH MAHINDRA LTD | 26,669.40 | 4.78 | 127,538.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 7,858.84 | 8.60 | 67,592.5 |
PERSISTENT SYSTEMS LTD | 3,735.84 | 14.55 | 54,345.8 |
L&T TECHNOLOGY SERVICES LTD | 5,327.10 | 8.84 | 47,088.5 |
TATA ELXSI LTD | 2,505.66 | 18.17 | 45,530.9 |
IT - Software Industry Benchmark (Top 10) PB Analysis vs ASIT C MEHTA FINANCIAL SERVICES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -41.80x |
Max industry PB | 18.17x |
Median industry PB | 7.03x |
Average industry PB | 4.66x |
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