COFORGE
|
The Current P/B Ratio of COFORGE is 11.35.
Share Price | ₹5,498.9 | Mar 28,2024 |
Market Cap | ₹33,983.2 Cr | |
Book Value | ₹2,994.1 Cr | Mar2023 - Consolidated Results |
Price/Book | 11.35x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of COFORGE
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹33,983.2 Cr] as on Mar 28,2024
(/) Book Value [ ₹2,994.1 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 11.35x ]
Thus, for COFORGE , the investors are currently willing to pay '11.35 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 COFORGE !
The chart below summarizes the trend in P/B Ratio of COFORGE over the last five years.
Historical PB (Price/Book ) ratio chart of COFORGE
PB Ratio Performance Analysis for COFORGE
- COFORGE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.45x.
- COFORGE 's operated at median p/b ratio of 7.35x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, COFORGE 's p/b ratio peaked in Mar2022 at 10.14x.
- COFORGE 's p/b ratio hit its five-year low in Mar2020 of 3x.
How does COFORGE 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
COFORGE | 2,994.10 | 11.35 | 33,983.2 |
TATA CONSULTANCY SERVICES LTD | 90,424.00 | 15.54 | 1,405,100.0 |
INFOSYS LTD | 74,529.00 | 8.35 | 622,132.0 |
HCL TECHNOLOGIES LTD | 65,017.00 | 6.44 | 418,800.0 |
WIPRO LTD | 77,104.70 | 3.25 | 250,833.0 |
LTIMINDTREE LTD | 16,108.20 | 9.08 | 146,191.0 |
TECH MAHINDRA LTD | 27,540.40 | 4.43 | 122,134.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 7,305.65 | 10.40 | 75,976.8 |
PERSISTENT SYSTEMS LTD | 3,735.84 | 16.45 | 61,454.4 |
L&T TECHNOLOGY SERVICES LTD | 4,857.10 | 11.93 | 57,955.8 |
TATA ELXSI LTD | 2,085.77 | 23.23 | 48,448.6 |
IT - Software Industry Benchmark (Top 10) PB Analysis vs COFORGE 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.25x |
Max industry PB | 23.23x |
Median industry PB | 10.40x |
Average industry PB | 10.95x |
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