CONFIDENCE PETROLEUM INDIA
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The Current P/B Ratio of CONFIDENCE PETROLEUM INDIA is 3.47.
Share Price | ₹88.9 | Apr 19,2024 |
Market Cap | ₹2,821.6 Cr | |
Book Value | ₹812.8 Cr | Mar2023 - Consolidated Results |
Price/Book | 3.47x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of CONFIDENCE PETROLEUM INDIA
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹2,821.6 Cr] as on Apr 19,2024
(/) Book Value [ ₹812.8 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 3.47x ]
Thus, for CONFIDENCE PETROLEUM INDIA , the investors are currently willing to pay '3.47 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 CONFIDENCE PETROLEUM INDIA !
The chart below summarizes the trend in P/B Ratio of CONFIDENCE PETROLEUM INDIA over the last five years.
Historical PB (Price/Book ) ratio chart of CONFIDENCE PETROLEUM INDIA
PB Ratio Performance Analysis for CONFIDENCE PETROLEUM INDIA
- CONFIDENCE PETROLEUM INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.17x.
- CONFIDENCE PETROLEUM INDIA 's operated at median p/b ratio of 2.43x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, CONFIDENCE PETROLEUM INDIA 's p/b ratio peaked in Mar2019 at 2.78x.
- CONFIDENCE PETROLEUM INDIA 's p/b ratio hit its five-year low in Mar2020 of 0.92x.
How does CONFIDENCE PETROLEUM INDIA 's P/B Ratio benchmark against top 10 peers in Industrial Gases & Fuels Industry?
Peer Comparison (Industrial Gases & Fuels Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
CONFIDENCE PETROLEUM INDIA | 812.84 | 3.47 | 2,821.6 |
GAIL (INDIA) LTD | 64,927.40 | 2.05 | 132,817.0 |
LINDE INDIA LTD | 3,138.47 | 20.05 | 62,911.2 |
PETRONET LNG LTD | 15,264.60 | 2.95 | 45,022.5 |
IRM ENERGY LTD | 346.42 | 6.62 | 2,291.8 |
REFEX INDUSTRIES LTD | 314.14 | 5.74 | 1,802.3 |
Industrial Gases & Fuels Industry Benchmark (Top 10) PB Analysis vs CONFIDENCE PETROLEUM INDIA 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.05x |
Max industry PB | 20.05x |
Median industry PB | 5.74x |
Average industry PB | 6.81x |
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