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CORDS CABLE INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of CORDS CABLE INDUSTRIES is 1.40.

Share Price ₹172.9Apr 18,2024
Market Cap ₹223.0 Cr
Book Value₹159.2 CrMar2023 - Standalone Results
Price/Book 1.40xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of CORDS CABLE INDUSTRIES

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 CORDS CABLE INDUSTRIES is calculated as :

Current Market Cap [ ₹223.0 Cr] as on Apr 18,2024

(/) Book Value [ ₹159.2 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 1.40x ]

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

Thus, for CORDS CABLE INDUSTRIES , the investors are currently willing to pay '1.40 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 CORDS CABLE INDUSTRIES !

The chart below summarizes the trend in P/B Ratio of CORDS CABLE INDUSTRIES over the last five years.

Historical PB (Price/Book ) ratio chart of CORDS CABLE INDUSTRIES


PB Ratio Performance Analysis for CORDS CABLE INDUSTRIES

- CORDS CABLE INDUSTRIES 's latest p/b ratio is 1.40x.

- CORDS CABLE INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.43x.

- CORDS CABLE INDUSTRIES 's operated at median p/b ratio of 0.43x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, CORDS CABLE INDUSTRIES 's p/b ratio peaked in Mar2019 at 0.63x.

- CORDS CABLE INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.22x.


How does CORDS CABLE INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Cable Industry?

Peer Comparison (Cable Industry)Book ValuePB RatioMarket Cap
CORDS CABLE INDUSTRIES 159.211.40223.0
POLYCAB INDIA LTD6,599.5412.1380,057.3
KEI INDUSTRIES LTD2,582.3013.2534,228.1
RR KABEL LTD1,418.4312.9718,396.8
FINOLEX CABLES LTD4,370.363.4515,061.5
STERLITE TECHNOLOGIES LTD2,066.003.076,336.0
PRECISION WIRES INDIA LTD450.315.002,253.8
PARAMOUNT COMMUNICATIONS LTD249.879.732,430.2
UNIVERSAL CABLES LTD1,496.611.161,739.5
DYNAMIC CABLES LTD177.435.46968.8
BIRLA CABLE LTD17,592.900.04760.2

Cable Industry Benchmark (Top 10) PB Analysis vs CORDS CABLE INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.04x
Max industry PB 13.25x
Median industry PB 5.00x
Average industry PB 6.15x



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