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PB (Price/Book ) Ratio

The Current P/B Ratio of CARE RATINGS is 4.60.

Share Price ₹1,096.2Jul 12,2024
Market Cap ₹3,277.6 Cr
Book Value₹712.0 CrMar2024 - Consolidated Results
Price/Book 4.60xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of CARE RATINGS

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 CARE RATINGS is calculated as :

Current Market Cap [ ₹3,277.6 Cr] as on Jul 12,2024

(/) Book Value [ ₹712.0 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 4.60x ]

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

Thus, for CARE RATINGS , the investors are currently willing to pay '4.60 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 CARE RATINGS !

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

Historical PB (Price/Book ) ratio chart of CARE RATINGS

PB Ratio Performance Analysis for CARE RATINGS

- CARE RATINGS 's latest p/b ratio is 4.60x.

- CARE RATINGS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.79x.

- CARE RATINGS 's operated at median p/b ratio of 2.37x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CARE RATINGS 's p/b ratio peaked in Mar2024 at 4.68x.

- CARE RATINGS 's p/b ratio hit its five-year low in Mar2020 of 1.9x.

How does CARE RATINGS 's P/B Ratio benchmark against top 10 peers in Ratings Industry?

Peer Comparison (Ratings Industry)Book ValuePB RatioMarket Cap
CARE RATINGS 712.034.603,277.6
CRISIL LTD2,158.6914.6031,523.7
ICRA LTD974.985.725,579.2

Ratings Industry Benchmark (Top 10) PB Analysis vs CARE RATINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.60x
Max industry PB 14.60x
Median industry PB 5.72x
Average industry PB 8.31x

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