DRC SYSTEMS INDIA
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The Current P/B Ratio of DRC SYSTEMS INDIA is 7.68.
Share Price | ₹19.6 | Apr 22,2024 |
Market Cap | ₹259.4 Cr | |
Book Value | ₹33.8 Cr | Mar2023 - Consolidated Results |
Price/Book | 7.68x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of DRC SYSTEMS INDIA
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹259.4 Cr] as on Apr 22,2024
(/) Book Value [ ₹33.8 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 7.68x ]
Thus, for DRC SYSTEMS INDIA , the investors are currently willing to pay '7.68 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 DRC SYSTEMS INDIA !
The chart below summarizes the trend in P/B Ratio of DRC SYSTEMS INDIA over the last five years.
Historical PB (Price/Book ) ratio chart of DRC SYSTEMS INDIA
PB Ratio Performance Analysis for DRC SYSTEMS INDIA
- DRC SYSTEMS INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2022 averaged 14.15x.
- DRC SYSTEMS INDIA 's operated at median p/b ratio of 22.02x from fiscal years ending March 2018 to 2022.
- Looking back at the last 2 fiscal years, DRC SYSTEMS INDIA 's p/b ratio peaked in Mar2022 at 22.02x.
- DRC SYSTEMS INDIA 's p/b ratio hit its five-year low in Mar2023 of 6.28x.
How does DRC SYSTEMS INDIA 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?
Peer Comparison (IT - Software Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
DRC SYSTEMS INDIA | 33.77 | 7.68 | 259.4 |
TATA CONSULTANCY SERVICES LTD | 90,489.00 | 15.46 | 1,398,550.0 |
INFOSYS LTD | 87,203.00 | 6.82 | 594,612.0 |
HCL TECHNOLOGIES LTD | 65,017.00 | 6.12 | 397,769.0 |
WIPRO LTD | 74,533.00 | 3.24 | 241,381.0 |
LTIMINDTREE LTD | 16,108.20 | 8.60 | 138,597.0 |
TECH MAHINDRA LTD | 27,540.40 | 4.28 | 117,963.0 |
ORACLE FINANCIAL SERVICES SOFTWARE LTD | 7,305.65 | 8.94 | 65,345.4 |
PERSISTENT SYSTEMS LTD | 3,735.84 | 14.48 | 54,080.8 |
L&T TECHNOLOGY SERVICES LTD | 4,857.10 | 11.29 | 54,855.1 |
TATA ELXSI LTD | 2,085.77 | 22.20 | 46,309.7 |
IT - Software Industry Benchmark (Top 10) PB Analysis vs DRC SYSTEMS INDIA 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.24x |
Max industry PB | 22.20x |
Median industry PB | 8.60x |
Average industry PB | 9.92x |
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