BHARAT HEAVY ELECTRICALS
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The Current P/B Ratio of BHARAT HEAVY ELECTRICALS is 3.29.
Share Price | ₹253.2 | Apr 18,2024 |
Market Cap | ₹88,149.4 Cr | |
Book Value | ₹26,828.0 Cr | Mar2023 - Consolidated Results |
Price/Book | 3.29x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of BHARAT HEAVY ELECTRICALS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹88,149.4 Cr] as on Apr 18,2024
(/) Book Value [ ₹26,828.0 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 3.29x ]
Thus, for BHARAT HEAVY ELECTRICALS , the investors are currently willing to pay '3.29 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 BHARAT HEAVY ELECTRICALS !
The chart below summarizes the trend in P/B Ratio of BHARAT HEAVY ELECTRICALS over the last five years.
Historical PB (Price/Book ) ratio chart of BHARAT HEAVY ELECTRICALS
PB Ratio Performance Analysis for BHARAT HEAVY ELECTRICALS
- BHARAT HEAVY ELECTRICALS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.66x.
- BHARAT HEAVY ELECTRICALS 's operated at median p/b ratio of 0.65x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, BHARAT HEAVY ELECTRICALS 's p/b ratio peaked in Mar2023 at 0.91x.
- BHARAT HEAVY ELECTRICALS 's p/b ratio hit its five-year low in Mar2020 of 0.25x.
How does BHARAT HEAVY ELECTRICALS 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
BHARAT HEAVY ELECTRICALS | 26,828.00 | 3.29 | 88,149.4 |
BHARAT ELECTRONICS LTD | 13,861.60 | 12.19 | 168,929.0 |
THERMAX LTD | 3,865.55 | 14.60 | 56,439.6 |
TRIVENI TURBINE LTD | 760.35 | 21.66 | 16,469.2 |
KIRLOSKAR OIL ENGINES LTD | 2,290.03 | 5.64 | 12,911.2 |
ELECON ENGINEERING COMPANY LTD | 1,279.11 | 9.31 | 11,911.7 |
PRAJ INDUSTRIES LTD | 1,075.34 | 8.57 | 9,216.4 |
SHRIRAM PISTONS & RINGS LTD | 1,527.46 | 5.86 | 8,957.3 |
KIRLOSKAR BROTHERS LTD | 1,403.88 | 6.63 | 9,309.9 |
TEGA INDUSTRIES LTD | 1,048.95 | 9.09 | 9,534.9 |
ION EXCHANGE (INDIA) LTD | 833.49 | 9.83 | 8,196.5 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs BHARAT HEAVY ELECTRICALS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.29x |
Max industry PB | 21.66x |
Median industry PB | 9.09x |
Average industry PB | 9.70x |
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