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BAJAJ AUTO
PB (Price/Book ) Ratio

The Current P/B Ratio of BAJAJ AUTO is 8.50.

Share Price ₹8,918.7Apr 16,2024
Market Cap ₹249,010.1 Cr
Book Value₹29,299.4 CrMar2023 - Consolidated Results
Price/Book 8.50xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of BAJAJ AUTO

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 BAJAJ AUTO is calculated as :

Current Market Cap [ ₹249,010.1 Cr] as on Apr 16,2024

(/) Book Value [ ₹29,299.4 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 8.50x ]

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

Thus, for BAJAJ AUTO , the investors are currently willing to pay '8.50 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 BAJAJ AUTO !

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

Historical PB (Price/Book ) ratio chart of BAJAJ AUTO


PB Ratio Performance Analysis for BAJAJ AUTO

- BAJAJ AUTO 's latest p/b ratio is 8.50x.

- BAJAJ AUTO 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.51x.

- BAJAJ AUTO 's operated at median p/b ratio of 3.63x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BAJAJ AUTO 's p/b ratio peaked in Mar2021 at 3.9x.

- BAJAJ AUTO 's p/b ratio hit its five-year low in Mar2020 of 2.71x.


How does BAJAJ AUTO 's P/B Ratio benchmark against top 10 peers in Automobile Two & Three Wheelers Industry?

Peer Comparison (Automobile Two & Three Wheelers Industry)Book ValuePB RatioMarket Cap
BAJAJ AUTO 29,299.408.50249,010.1
EICHER MOTORS LTD14,932.007.99119,378.0
TVS MOTOR COMPANY LTD5,505.0017.0493,810.7
HERO MOTOCORP LTD16,619.905.2086,349.2
WARDWIZARD INNOVATIONS & MOBILITY LTD88.1817.951,583.2
ATUL AUTO LTD347.653.861,342.8

Automobile Two & Three Wheelers Industry Benchmark (Top 10) PB Analysis vs BAJAJ AUTO 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.86x
Max industry PB 17.95x
Median industry PB 8.50x
Average industry PB 10.09x



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