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CIGNITI TECHNOLOGIES
PB (Price/Book ) Ratio

The Current P/B Ratio of CIGNITI TECHNOLOGIES is 5.83.

Share Price ₹1,250.3Apr 24,2024
Market Cap ₹3,413.2 Cr
Book Value₹585.2 CrMar2023 - Consolidated Results
Price/Book 5.83xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of CIGNITI TECHNOLOGIES

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 CIGNITI TECHNOLOGIES is calculated as :

Current Market Cap [ ₹3,413.2 Cr] as on Apr 24,2024

(/) Book Value [ ₹585.2 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 5.83x ]

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

Thus, for CIGNITI TECHNOLOGIES , the investors are currently willing to pay '5.83 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 CIGNITI TECHNOLOGIES !

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

Historical PB (Price/Book ) ratio chart of CIGNITI TECHNOLOGIES


PB Ratio Performance Analysis for CIGNITI TECHNOLOGIES

- CIGNITI TECHNOLOGIES 's latest p/b ratio is 5.83x.

- CIGNITI TECHNOLOGIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.38x.

- CIGNITI TECHNOLOGIES 's operated at median p/b ratio of 2.62x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CIGNITI TECHNOLOGIES 's p/b ratio peaked in Mar2019 at 6.36x.

- CIGNITI TECHNOLOGIES 's p/b ratio hit its five-year low in Mar2020 of 2.07x.


How does CIGNITI TECHNOLOGIES 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Book ValuePB RatioMarket Cap
CIGNITI TECHNOLOGIES 585.155.833,413.2
TATA CONSULTANCY SERVICES LTD90,489.0015.321,386,180.0
INFOSYS LTD87,203.006.82594,342.0
HCL TECHNOLOGIES LTD65,017.006.18401,527.0
WIPRO LTD74,533.003.23240,467.0
LTIMINDTREE LTD20,026.407.00140,161.0
TECH MAHINDRA LTD27,540.404.21115,858.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD7,305.658.7363,787.4
PERSISTENT SYSTEMS LTD3,735.8414.2953,396.0
L&T TECHNOLOGY SERVICES LTD4,857.1011.3955,328.8
TATA ELXSI LTD2,505.6617.4943,812.1

IT - Software Industry Benchmark (Top 10) PB Analysis vs CIGNITI TECHNOLOGIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.23x
Max industry PB 17.49x
Median industry PB 7.00x
Average industry PB 9.13x



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