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ASK AUTOMOTIVE
PB (Price/Book ) Ratio

The Current P/B Ratio of ASK AUTOMOTIVE is 9.39.

Share Price ₹306.7May 06,2024
Market Cap ₹6,045.1 Cr
Book Value₹643.8 CrMar2023 - Consolidated Results
Price/Book 9.39xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASK AUTOMOTIVE

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 ASK AUTOMOTIVE is calculated as :

Current Market Cap [ ₹6,045.1 Cr] as on May 06,2024

(/) Book Value [ ₹643.8 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 9.39x ]

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

Thus, for ASK AUTOMOTIVE , the investors are currently willing to pay '9.39 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 ASK AUTOMOTIVE !

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

Historical PB (Price/Book ) ratio chart of ASK AUTOMOTIVE


PB Ratio Performance Analysis for ASK AUTOMOTIVE

- ASK AUTOMOTIVE 's latest p/b ratio is 9.39x.

- ASK AUTOMOTIVE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.00x.

- ASK AUTOMOTIVE 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASK AUTOMOTIVE 's p/b ratio peaked in Mar2023 at 0x.

- ASK AUTOMOTIVE 's p/b ratio hit its five-year low in Mar2023 of 0x.


How does ASK AUTOMOTIVE 's P/B Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Book ValuePB RatioMarket Cap
ASK AUTOMOTIVE 643.779.396,045.1
BOSCH LTD11,005.108.0488,483.3
SAMVARDHANA MOTHERSON INTERNATIONAL LTD22,451.503.8686,602.7
SONA BLW PRECISION FORGINGS LTD2,650.3313.4235,565.9
UNO MINDA LTD4,140.1510.1542,018.0
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD2,409.1110.5925,518.8
ENDURANCE TECHNOLOGIES LTD4,412.136.2727,671.2
JBM AUTO LTD1,167.6719.4622,723.0
TVS HOLDINGS LTD3,240.995.9919,408.7
MINDA CORPORATION LTD1,585.806.159,746.1
CRAFTSMAN AUTOMATION LTD1,376.906.649,140.7

Auto Ancillary Industry Benchmark (Top 10) PB Analysis vs ASK AUTOMOTIVE 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.86x
Max industry PB 19.46x
Median industry PB 8.04x
Average industry PB 9.09x



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