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COFORGE
PB (Price/Book ) Ratio

The Current P/B Ratio of COFORGE is 7.64.

Share Price ₹4,481.8May 03,2024
Market Cap ₹27,697.2 Cr
Book Value₹3,626.6 CrMar2024 - Consolidated Results
Price/Book 7.64xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of COFORGE

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 COFORGE is calculated as :

Current Market Cap [ ₹27,697.2 Cr] as on May 03,2024

(/) Book Value [ ₹3,626.6 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 7.64x ]

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

Thus, for COFORGE , the investors are currently willing to pay '7.64 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 latest p/b ratio is 7.64x.

- 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 ValuePB RatioMarket Cap
COFORGE 3,626.607.6427,697.2
TATA CONSULTANCY SERVICES LTD90,489.0015.351,389,110.0
INFOSYS LTD87,203.006.74587,950.0
HCL TECHNOLOGIES LTD65,017.005.63365,748.0
WIPRO LTD74,533.003.20238,804.0
LTIMINDTREE LTD20,026.406.88137,848.0
TECH MAHINDRA LTD26,669.404.58122,066.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD7,858.848.5867,468.1
PERSISTENT SYSTEMS LTD3,735.8413.8851,864.8
L&T TECHNOLOGY SERVICES LTD5,327.109.0848,353.9
TATA ELXSI LTD2,505.6617.6744,276.1

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

Top 10 Industry PeersPB Ratio
Min industry PB 3.20x
Max industry PB 17.67x
Median industry PB 7.64x
Average industry PB 9.02x



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