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ASTRA MICROWAVE PRODUCTS
PB (Price/Book ) Ratio

The Current P/B Ratio of ASTRA MICROWAVE PRODUCTS is 10.30.

Share Price ₹697.8Apr 19,2024
Market Cap ₹6,622.1 Cr
Book Value₹642.6 CrMar2023 - Consolidated Results
Price/Book 10.30xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASTRA MICROWAVE PRODUCTS

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 ASTRA MICROWAVE PRODUCTS is calculated as :

Current Market Cap [ ₹6,622.1 Cr] as on Apr 19,2024

(/) Book Value [ ₹642.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 10.30x ]

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

Thus, for ASTRA MICROWAVE PRODUCTS , the investors are currently willing to pay '10.30 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 ASTRA MICROWAVE PRODUCTS !

The chart below summarizes the trend in P/B Ratio of ASTRA MICROWAVE PRODUCTS over the last five years.

Historical PB (Price/Book ) ratio chart of ASTRA MICROWAVE PRODUCTS


PB Ratio Performance Analysis for ASTRA MICROWAVE PRODUCTS

- ASTRA MICROWAVE PRODUCTS 's latest p/b ratio is 10.30x.

- ASTRA MICROWAVE PRODUCTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.18x.

- ASTRA MICROWAVE PRODUCTS 's operated at median p/b ratio of 2.01x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASTRA MICROWAVE PRODUCTS 's p/b ratio peaked in Mar2022 at 3.32x.

- ASTRA MICROWAVE PRODUCTS 's p/b ratio hit its five-year low in Mar2020 of 0.83x.


How does ASTRA MICROWAVE PRODUCTS 's P/B Ratio benchmark against top 10 peers in Defence Industry?

Peer Comparison (Defence Industry)Book ValuePB RatioMarket Cap
ASTRA MICROWAVE PRODUCTS 642.6210.306,622.1
HINDUSTAN AERONAUTICS LTD23,572.2010.64250,924.0
BHARAT DYNAMICS LTD3,211.5010.4633,594.5
DATA PATTERNS (INDIA) LTD1,167.0813.4115,647.2
PARAS DEFENCE AND SPACE TECHNOLOGIES LTD413.256.532,700.2
ROSSELL INDIA LTD287.065.201,491.5

Defence Industry Benchmark (Top 10) PB Analysis vs ASTRA MICROWAVE PRODUCTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 5.20x
Max industry PB 13.41x
Median industry PB 10.46x
Average industry PB 9.42x



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