COFORGE
|
The Current P/B Ratio of COFORGE is 7.64.
Share Price | ₹4,481.8 | May 03,2024 |
Market Cap | ₹27,697.2 Cr | |
Book Value | ₹3,626.6 Cr | Mar2024 - Consolidated Results |
Price/Book | 7.64x | 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 [ ₹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 ]
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 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 | 3,626.60 | 7.64 | 27,697.2 |
TATA CONSULTANCY SERVICES LTD | 90,489.00 | 15.35 | 1,389,110.0 |
INFOSYS LTD | 87,203.00 | 6.74 | 587,950.0 |
HCL TECHNOLOGIES LTD | 65,017.00 | 5.63 | 365,748.0 |
WIPRO LTD | 74,533.00 | 3.20 | 238,804.0 |
LTIMINDTREE LTD | 20,026.40 | 6.88 | 137,848.0 |
TECH MAHINDRA LTD | 26,669.40 | 4.58 | 122,066.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 7,858.84 | 8.58 | 67,468.1 |
PERSISTENT SYSTEMS LTD | 3,735.84 | 13.88 | 51,864.8 |
L&T TECHNOLOGY SERVICES LTD | 5,327.10 | 9.08 | 48,353.9 |
TATA ELXSI LTD | 2,505.66 | 17.67 | 44,276.1 |
IT - Software Industry Benchmark (Top 10) PB Analysis vs COFORGE 's P/B Ratio
Top 10 Industry Peers | PB 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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