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COROMANDEL ENGINEERING COMPANY
PB (Price/Book ) Ratio

The Current P/B Ratio of COROMANDEL ENGINEERING COMPANY is 26.72.

Share Price ₹63.4Apr 22,2024
Market Cap ₹210.4 Cr
Book Value₹7.9 CrMar2023 - Standalone Results
Price/Book 26.72xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of COROMANDEL ENGINEERING COMPANY

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 COROMANDEL ENGINEERING COMPANY is calculated as :

Current Market Cap [ ₹210.4 Cr] as on Apr 22,2024

(/) Book Value [ ₹7.9 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 26.72x ]

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

Thus, for COROMANDEL ENGINEERING COMPANY , the investors are currently willing to pay '26.72 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 COROMANDEL ENGINEERING COMPANY !

The chart below summarizes the trend in P/B Ratio of COROMANDEL ENGINEERING COMPANY over the last five years.

Historical PB (Price/Book ) ratio chart of COROMANDEL ENGINEERING COMPANY


PB Ratio Performance Analysis for COROMANDEL ENGINEERING COMPANY

- COROMANDEL ENGINEERING COMPANY 's latest p/b ratio is 26.72x.

- COROMANDEL ENGINEERING COMPANY 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 110.60x.

- COROMANDEL ENGINEERING COMPANY 's operated at median p/b ratio of -4.7x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, COROMANDEL ENGINEERING COMPANY 's p/b ratio peaked in Mar2020 at 556.25x.

- COROMANDEL ENGINEERING COMPANY 's p/b ratio hit its five-year low in Mar2021 of -11.42x.


How does COROMANDEL ENGINEERING COMPANY 's P/B Ratio benchmark against top 10 peers in Engineering - Construction Industry?

Peer Comparison (Engineering - Construction Industry)Book ValuePB RatioMarket Cap
COROMANDEL ENGINEERING COMPANY 7.8726.72210.4
LARSEN & TOUBRO LTD88,858.905.62499,685.0
RAIL VIKAS NIGAM LTD7,325.108.1059,308.4
GMR AIRPORTS INFRASTRUCTURE LTD-792.78-62.7349,730.1
IRB INFRASTRUCTURE DEVELOPERS LTD13,378.903.0540,853.8
IRCON INTERNATIONAL LTD5,211.494.3622,704.1
KEC INTERNATIONAL LTD3,771.425.0318,982.1
KALPATARU PROJECTS INTERNATIONAL LTD4,720.624.0419,087.4
NCC LTD6,166.832.5415,649.1
GR INFRAPROJECTS LTD6,265.132.0612,910.4
STERLING AND WILSON RENEWABLE ENERGY LTD969.1715.4815,002.4

Engineering - Construction Industry Benchmark (Top 10) PB Analysis vs COROMANDEL ENGINEERING COMPANY 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -62.73x
Max industry PB 26.72x
Median industry PB 4.36x
Average industry PB 1.30x



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