DEV INFORMATION TECHNOLOGY
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The Current P/B Ratio of DEV INFORMATION TECHNOLOGY is 6.49.
Share Price | ₹119.5 | Apr 26,2024 |
Market Cap | ₹268.8 Cr | |
Book Value | ₹41.4 Cr | Mar2023 - Consolidated Results |
Price/Book | 6.49x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of DEV INFORMATION TECHNOLOGY
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹268.8 Cr] as on Apr 26,2024
(/) Book Value [ ₹41.4 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 6.49x ]
Thus, for DEV INFORMATION TECHNOLOGY , the investors are currently willing to pay '6.49 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 DEV INFORMATION TECHNOLOGY !
The chart below summarizes the trend in P/B Ratio of DEV INFORMATION TECHNOLOGY over the last five years.
Historical PB (Price/Book ) ratio chart of DEV INFORMATION TECHNOLOGY
PB Ratio Performance Analysis for DEV INFORMATION TECHNOLOGY
- DEV INFORMATION TECHNOLOGY 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.92x.
- DEV INFORMATION TECHNOLOGY 's operated at median p/b ratio of 2.23x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, DEV INFORMATION TECHNOLOGY 's p/b ratio peaked in Mar2023 at 5.09x.
- DEV INFORMATION TECHNOLOGY 's p/b ratio hit its five-year low in Mar2020 of 1.09x.
How does DEV INFORMATION TECHNOLOGY 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
DEV INFORMATION TECHNOLOGY | 41.42 | 6.49 | 268.8 |
TATA CONSULTANCY SERVICES LTD | 90,489.00 | 15.25 | 1,379,520.0 |
INFOSYS LTD | 87,203.00 | 6.81 | 593,636.0 |
HCL TECHNOLOGIES LTD | 65,017.00 | 6.15 | 399,533.0 |
WIPRO LTD | 74,533.00 | 3.26 | 242,799.0 |
LTIMINDTREE LTD | 20,026.40 | 7.08 | 141,847.0 |
TECH MAHINDRA LTD | 26,669.40 | 4.68 | 124,782.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 7,858.84 | 8.26 | 64,897.3 |
PERSISTENT SYSTEMS LTD | 3,735.84 | 14.01 | 52,355.4 |
L&T TECHNOLOGY SERVICES LTD | 5,327.10 | 9.49 | 50,528.3 |
TATA ELXSI LTD | 2,505.66 | 17.65 | 44,220.9 |
IT - Software Industry Benchmark (Top 10) PB Analysis vs DEV INFORMATION TECHNOLOGY 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.26x |
Max industry PB | 17.65x |
Median industry PB | 7.08x |
Average industry PB | 9.01x |
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