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AXITA COTTON
PB (Price/Book ) Ratio

The Current P/B Ratio of AXITA COTTON is 9.37.

Share Price ₹23.2Apr 30,2024
Market Cap ₹605.0 Cr
Book Value₹64.6 CrMar2024 - Standalone Results
Price/Book 9.37xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of AXITA COTTON

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 AXITA COTTON is calculated as :

Current Market Cap [ ₹605.0 Cr] as on Apr 30,2024

(/) Book Value [ ₹64.6 Cr] based on Mar2024 - Standalone Results

(=) P/B Ratio [ 9.37x ]

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

Thus, for AXITA COTTON , the investors are currently willing to pay '9.37 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 AXITA COTTON !

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

Historical PB (Price/Book ) ratio chart of AXITA COTTON


PB Ratio Performance Analysis for AXITA COTTON

- AXITA COTTON 's latest p/b ratio is 9.37x.

- AXITA COTTON 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.72x.

- AXITA COTTON 's operated at median p/b ratio of 3.98x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, AXITA COTTON 's p/b ratio peaked in Mar2023 at 21.33x.

- AXITA COTTON 's p/b ratio hit its five-year low in Mar2021 of 2.44x.


How does AXITA COTTON 's P/B Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Book ValuePB RatioMarket Cap
AXITA COTTON 64.569.37605.0
PAGE INDUSTRIES LTD1,371.0528.3038,795.1
KPR MILL LTD3,706.697.8028,908.9
VEDANT FASHIONS LTD1,601.8814.4623,168.6
SWAN ENERGY LTD2,283.688.5119,443.7
WELSPUN LIVING LTD4,515.813.2314,567.4
ALOK INDUSTRIES LTD-19,775.90-0.6913,555.1
VARDHMAN TEXTILES LTD8,562.771.5012,875.5
ARVIND LTD3,344.492.468,244.0
GARWARE TECHNICAL FIBRES LTD1,016.406.326,424.1
JINDAL WORLDWIDE LTD649.9810.546,849.8

Textile Industry Benchmark (Top 10) PB Analysis vs AXITA COTTON 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.69x
Max industry PB 28.30x
Median industry PB 7.80x
Average industry PB 8.35x



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