ASSOCIATED CERAMICS
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The Current P/B Ratio of ASSOCIATED CERAMICS is 2.48.
| Share Price | ₹376.5 | May 03,2024 |
| Market Cap | ₹75.3 Cr | |
| Book Value | ₹30.3 Cr | Mar2023 - Standalone Results |
| Price/Book | 2.48x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of ASSOCIATED CERAMICS
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
Current Market Cap [ ₹75.3 Cr] as on May 03,2024
(/) Book Value [ ₹30.3 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ 2.48x ]
P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.
Thus, for ASSOCIATED CERAMICS , the investors are currently willing to pay '2.48 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 ASSOCIATED CERAMICS !
The chart below summarizes the trend in P/B Ratio of ASSOCIATED CERAMICS over the last five years.
Thus, for ASSOCIATED CERAMICS , the investors are currently willing to pay '2.48 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 ASSOCIATED CERAMICS !
The chart below summarizes the trend in P/B Ratio of ASSOCIATED CERAMICS over the last five years.
Historical PB (Price/Book ) ratio chart of ASSOCIATED CERAMICS
PB Ratio Performance Analysis for ASSOCIATED CERAMICS
- ASSOCIATED CERAMICS 's latest p/b ratio is 2.48x.
- ASSOCIATED CERAMICS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.02x.
- ASSOCIATED CERAMICS '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, ASSOCIATED CERAMICS 's p/b ratio peaked in Mar2023 at 0.1x.
- ASSOCIATED CERAMICS 's p/b ratio hit its five-year low in Mar2022 of 0x.
- ASSOCIATED CERAMICS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.02x.
- ASSOCIATED CERAMICS '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, ASSOCIATED CERAMICS 's p/b ratio peaked in Mar2023 at 0.1x.
- ASSOCIATED CERAMICS 's p/b ratio hit its five-year low in Mar2022 of 0x.
How does ASSOCIATED CERAMICS 's P/B Ratio benchmark against top 10 peers in Refractories Industry?
| Peer Comparison (Refractories Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| ASSOCIATED CERAMICS | 30.33 | 2.48 | 75.3 |
| RHI MAGNESITA INDIA LTD | 2,891.03 | 4.59 | 13,282.2 |
| VESUVIUS INDIA LTD | 1,193.54 | 7.70 | 9,191.8 |
| IFGL REFRACTORIES LTD | 1,005.05 | 2.39 | 2,401.3 |
| MORGANITE CRUCIBLE (INDIA) LTD | 126.95 | 6.62 | 840.8 |
| ORIENT CERATECH LTD | 260.30 | 2.22 | 577.3 |
| NILACHAL REFRACTORIES LTD | 0.58 | 184.56 | 106.1 |
Refractories Industry Benchmark (Top 10) PB Analysis vs ASSOCIATED CERAMICS 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 2.22x |
| Max industry PB | 184.56x |
| Median industry PB | 4.59x |
| Average industry PB | 30.08x |
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