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BLUE DART EXPRESS
PB (Price/Book ) Ratio

The Current P/B Ratio of BLUE DART EXPRESS is 12.30.

Share Price ₹6,117.9Apr 18,2024
Market Cap ₹14,499.4 Cr
Book Value₹1,178.9 CrMar2023 - Consolidated Results
Price/Book 12.30xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of BLUE DART EXPRESS

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 BLUE DART EXPRESS is calculated as :

Current Market Cap [ ₹14,499.4 Cr] as on Apr 18,2024

(/) Book Value [ ₹1,178.9 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 12.30x ]

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

Thus, for BLUE DART EXPRESS , the investors are currently willing to pay '12.30 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 BLUE DART EXPRESS !

The chart below summarizes the trend in P/B Ratio of BLUE DART EXPRESS over the last five years.

Historical PB (Price/Book ) ratio chart of BLUE DART EXPRESS


PB Ratio Performance Analysis for BLUE DART EXPRESS

- BLUE DART EXPRESS 's latest p/b ratio is 12.30x.

- BLUE DART EXPRESS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 15.74x.

- BLUE DART EXPRESS 's operated at median p/b ratio of 14.72x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BLUE DART EXPRESS 's p/b ratio peaked in Mar2021 at 22.35x.

- BLUE DART EXPRESS 's p/b ratio hit its five-year low in Mar2020 of 10.51x.


How does BLUE DART EXPRESS 's P/B Ratio benchmark against top 10 peers in Courier Services Industry?

Peer Comparison (Courier Services Industry)Book ValuePB RatioMarket Cap
BLUE DART EXPRESS 1,178.9412.3014,499.4
DELHIVERY LTD8,616.833.8533,208.9
VL EGOVERNANCE & IT SOLUTIONS LTD2,618.350.26692.0

Courier Services Industry Benchmark (Top 10) PB Analysis vs BLUE DART EXPRESS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.26x
Max industry PB 12.30x
Median industry PB 3.85x
Average industry PB 5.47x



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