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DAVANGERE SUGAR COMPANY
PB (Price/Book ) Ratio

The Current P/B Ratio of DAVANGERE SUGAR COMPANY is 2.69.

Share Price ₹89.2May 08,2024
Market Cap ₹839.4 Cr
Book Value₹312.0 CrMar2023 - Standalone Results
Price/Book 2.69xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of DAVANGERE SUGAR 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 DAVANGERE SUGAR COMPANY is calculated as :

Current Market Cap [ ₹839.4 Cr] as on May 08,2024

(/) Book Value [ ₹312.0 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 2.69x ]

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

Thus, for DAVANGERE SUGAR COMPANY , the investors are currently willing to pay '2.69 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 DAVANGERE SUGAR COMPANY !

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

Historical PB (Price/Book ) ratio chart of DAVANGERE SUGAR COMPANY


PB Ratio Performance Analysis for DAVANGERE SUGAR COMPANY

- DAVANGERE SUGAR COMPANY 's latest p/b ratio is 2.69x.

- DAVANGERE SUGAR COMPANY 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.41x.

- DAVANGERE SUGAR COMPANY 's operated at median p/b ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DAVANGERE SUGAR COMPANY 's p/b ratio peaked in Mar2023 at 1.74x.

- DAVANGERE SUGAR COMPANY 's p/b ratio hit its five-year low in Mar2022 of 0x.


How does DAVANGERE SUGAR COMPANY 's P/B Ratio benchmark against top 10 peers in Sugar Industry?

Peer Comparison (Sugar Industry)Book ValuePB RatioMarket Cap
DAVANGERE SUGAR COMPANY 312.032.69839.4
EID PARRY (INDIA) LTD6,072.671.8110,984.8
SHREE RENUKA SUGARS LTD-881.22-10.279,046.1
BALRAMPUR CHINI MILLS LTD2,895.582.667,698.8
TRIVENI ENGINEERING & INDUSTRIES LTD2,665.252.917,758.8
BAJAJ HINDUSTHAN SUGAR LTD4,424.400.964,233.2
BANNARI AMMAN SUGARS LTD1,551.892.053,177.5
DALMIA BHARAT SUGAR AND INDUSTRIES LTD2,704.951.163,146.5
PICCADILY AGRO INDUSTRIES LTD339.7120.817,068.4
DCM SHRIRAM INDUSTRIES LTD716.672.431,738.5
DWARIKESH SUGAR INDUSTRIES LTD822.081.581,296.9

Sugar Industry Benchmark (Top 10) PB Analysis vs DAVANGERE SUGAR COMPANY 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -10.27x
Max industry PB 20.81x
Median industry PB 2.05x
Average industry PB 2.62x



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