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ASTRAL POLY TECHNIK
PB (Price/Book ) Ratio

The Current P/B Ratio of ASTRAL POLY TECHNIK is 19.73.

Share Price ₹1,990.5Mar 28,2024
Market Cap ₹53,463.5 Cr
Book Value₹2,709.2 CrMar2023 - Consolidated Results
Price/Book 19.73xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ASTRAL POLY TECHNIK

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 ASTRAL POLY TECHNIK is calculated as :

Current Market Cap [ ₹53,463.5 Cr] as on Mar 28,2024

(/) Book Value [ ₹2,709.2 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 19.73x ]

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

Thus, for ASTRAL POLY TECHNIK , the investors are currently willing to pay '19.73 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 ASTRAL POLY TECHNIK !

The chart below summarizes the trend in P/B Ratio of ASTRAL POLY TECHNIK over the last five years.

Historical PB (Price/Book ) ratio chart of ASTRAL POLY TECHNIK


PB Ratio Performance Analysis for ASTRAL POLY TECHNIK

- ASTRAL POLY TECHNIK 's latest p/b ratio is 19.73x.

- ASTRAL POLY TECHNIK 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 13.74x.

- ASTRAL POLY TECHNIK 's operated at median p/b ratio of 13.28x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ASTRAL POLY TECHNIK 's p/b ratio peaked in Mar2022 at 17.42x.

- ASTRAL POLY TECHNIK 's p/b ratio hit its five-year low in Mar2020 of 9.3x.


How does ASTRAL POLY TECHNIK 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Book ValuePB RatioMarket Cap
ASTRAL POLY TECHNIK 2,709.2019.7353,463.5
SUPREME INDUSTRIES LTD4,402.1212.2053,703.8
FINOLEX INDUSTRIES LTD4,903.073.1215,304.1
RESPONSIVE INDUSTRIES LTD1,003.387.507,527.8
PRINCE PIPES AND FITTINGS LTD1,363.964.456,074.8
EPL LTD1,956.602.905,670.3
JAI CORP LTD1,431.823.525,040.3
TIME TECHNOPLAST LTD2,265.812.505,659.6
GARWARE HITECH FILMS LTD1,855.822.194,057.2
JAIN IRRIGATION SYSTEMS LTD5,135.800.643,267.3
MOLDTEK PACKAGING LTD558.464.672,605.8

Plastic Products Industry Benchmark (Top 10) PB Analysis vs ASTRAL POLY TECHNIK 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.64x
Max industry PB 19.73x
Median industry PB 3.52x
Average industry PB 5.76x



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