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BHARAT WIRE ROPES
PB (Price/Book ) Ratio

The Current P/B Ratio of BHARAT WIRE ROPES is 3.61.

Share Price ₹297.8Apr 15,2024
Market Cap ₹2,024.7 Cr
Book Value₹560.2 CrMar2023 - Consolidated Results
Price/Book 3.61xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of BHARAT WIRE ROPES

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 BHARAT WIRE ROPES is calculated as :

Current Market Cap [ ₹2,024.7 Cr] as on Apr 15,2024

(/) Book Value [ ₹560.2 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 3.61x ]

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

Thus, for BHARAT WIRE ROPES , the investors are currently willing to pay '3.61 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 WIRE ROPES !

The chart below summarizes the trend in P/B Ratio of BHARAT WIRE ROPES over the last five years.

Historical PB (Price/Book ) ratio chart of BHARAT WIRE ROPES


PB Ratio Performance Analysis for BHARAT WIRE ROPES

- BHARAT WIRE ROPES 's latest p/b ratio is 3.61x.

- BHARAT WIRE ROPES 's p/b ratio for fiscal years ending Mar2023 to Mar2022 averaged 1.42x.

- BHARAT WIRE ROPES 's operated at median p/b ratio of 1.88x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, BHARAT WIRE ROPES 's p/b ratio peaked in Mar2023 at 1.88x.

- BHARAT WIRE ROPES 's p/b ratio hit its five-year low in Mar2022 of 0.96x.


How does BHARAT WIRE ROPES 's P/B Ratio benchmark against top 10 peers in Metal - Non Ferrous Industry?

Peer Comparison (Metal - Non Ferrous Industry)Book ValuePB RatioMarket Cap
BHARAT WIRE ROPES 560.153.612,024.7
HINDUSTAN ZINC LTD12,932.0013.31172,076.0
HINDALCO INDUSTRIES LTD95,004.001.45137,676.0
VEDANTA LTD39,255.003.51137,741.0
HINDUSTAN COPPER LTD2,082.1716.4434,223.0
GRAVITA INDIA LTD588.9311.546,795.4
SHIVALIK BIMETAL CONTROLS LTD265.5012.183,233.9
RAM RATNA WIRES LTD311.654.161,295.8
NILE LTD199.622.04406.9
RAJNANDINI METAL LTD41.437.87326.3
SHERA ENERGY LTD89.144.53403.5

Metal - Non Ferrous Industry Benchmark (Top 10) PB Analysis vs BHARAT WIRE ROPES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.45x
Max industry PB 16.44x
Median industry PB 4.53x
Average industry PB 7.33x



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