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CIE AUTOMOTIVE INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of CIE AUTOMOTIVE INDIA is 3.76.

Share Price ₹489.8Apr 26,2024
Market Cap ₹18,583.0 Cr
Book Value₹4,939.9 CrDec2023 - Standalone Results
Price/Book 3.76xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of CIE AUTOMOTIVE INDIA

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 CIE AUTOMOTIVE INDIA is calculated as :

Current Market Cap [ ₹18,583.0 Cr] as on Apr 26,2024

(/) Book Value [ ₹4,939.9 Cr] based on Dec2023 - Standalone Results

(=) P/B Ratio [ 3.76x ]

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

Thus, for CIE AUTOMOTIVE INDIA , the investors are currently willing to pay '3.76 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 CIE AUTOMOTIVE INDIA !

The chart below summarizes the trend in P/B Ratio of CIE AUTOMOTIVE INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of CIE AUTOMOTIVE INDIA


PB Ratio Performance Analysis for CIE AUTOMOTIVE INDIA

- CIE AUTOMOTIVE INDIA 's latest p/b ratio is 3.76x.

- CIE AUTOMOTIVE INDIA 's p/b ratio for fiscal years ending Dec2022 to Dec2018 averaged 2.20x.

- CIE AUTOMOTIVE INDIA 's operated at median p/b ratio of 2.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CIE AUTOMOTIVE INDIA 's p/b ratio peaked in Dec2022 at 2.92x.

- CIE AUTOMOTIVE INDIA 's p/b ratio hit its five-year low in Dec2019 of 1.61x.


How does CIE AUTOMOTIVE INDIA 's P/B Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Book ValuePB RatioMarket Cap
CIE AUTOMOTIVE INDIA 4,939.943.7618,583.0
BHARAT FORGE LTD6,701.799.1061,010.7
RAMKRISHNA FORGINGS LTD1,290.7010.6813,785.0
MM FORGINGS LTD673.014.082,747.6
LGB FORGE LTD30.178.24248.5
HILTON METAL FORGING LTD89.122.77247.3
KALYANI FORGE LTD105.481.50158.0
SAMRAT FORGINGS LTD28.505.82166.0
TIRUPATI FORGE LTD36.245.04182.8
GANGA FORGING LTD13.338.40112.0

Forgings Industry Benchmark (Top 10) PB Analysis vs CIE AUTOMOTIVE INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.50x
Max industry PB 10.68x
Median industry PB 5.82x
Average industry PB 5.94x



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