ATHENA GLOBAL TECHNOLOGIES
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The Current P/B Ratio of ATHENA GLOBAL TECHNOLOGIES is -11.98.
Share Price | ₹87.3 | Apr 26,2024 |
Market Cap | ₹123.1 Cr | |
Book Value | ₹-10.3 Cr | Mar2023 - Consolidated Results |
Price/Book | -11.98x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of ATHENA GLOBAL TECHNOLOGIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹123.1 Cr] as on Apr 26,2024
(/) Book Value [ ₹-10.3 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ -11.98x ]
Thus, for ATHENA GLOBAL TECHNOLOGIES , the investors are currently willing to pay '-11.98 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 ATHENA GLOBAL TECHNOLOGIES !
The chart below summarizes the trend in P/B Ratio of ATHENA GLOBAL TECHNOLOGIES over the last five years.
Historical PB (Price/Book ) ratio chart of ATHENA GLOBAL TECHNOLOGIES
PB Ratio Performance Analysis for ATHENA GLOBAL TECHNOLOGIES
- ATHENA GLOBAL TECHNOLOGIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.95x.
- ATHENA GLOBAL TECHNOLOGIES 's operated at median p/b ratio of -3.04x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ATHENA GLOBAL TECHNOLOGIES 's p/b ratio peaked in Mar2022 at 11.35x.
- ATHENA GLOBAL TECHNOLOGIES 's p/b ratio hit its five-year low in Mar2023 of -6.51x.
How does ATHENA GLOBAL TECHNOLOGIES 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
ATHENA GLOBAL TECHNOLOGIES | -10.28 | -11.98 | 123.1 |
TATA CONSULTANCY SERVICES LTD | 90,489.00 | 15.25 | 1,379,520.0 |
INFOSYS LTD | 87,203.00 | 6.81 | 593,636.0 |
HCL TECHNOLOGIES LTD | 65,017.00 | 6.15 | 399,533.0 |
WIPRO LTD | 74,533.00 | 3.26 | 242,799.0 |
LTIMINDTREE LTD | 20,026.40 | 7.08 | 141,847.0 |
TECH MAHINDRA LTD | 26,669.40 | 4.68 | 124,782.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 7,858.84 | 8.26 | 64,897.3 |
PERSISTENT SYSTEMS LTD | 3,735.84 | 14.01 | 52,355.4 |
L&T TECHNOLOGY SERVICES LTD | 5,327.10 | 9.49 | 50,528.3 |
TATA ELXSI LTD | 2,505.66 | 17.65 | 44,220.9 |
IT - Software Industry Benchmark (Top 10) PB Analysis vs ATHENA GLOBAL TECHNOLOGIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -11.98x |
Max industry PB | 17.65x |
Median industry PB | 7.08x |
Average industry PB | 7.33x |
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