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DREDGING CORPORATION OF INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of DREDGING CORPORATION OF INDIA is 1.62.

Share Price ₹822.1Apr 19,2024
Market Cap ₹2,301.7 Cr
Book Value₹1,422.6 CrMar2023 - Standalone Results
Price/Book 1.62xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of DREDGING CORPORATION OF INDIA

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 DREDGING CORPORATION OF INDIA is calculated as :

Current Market Cap [ ₹2,301.7 Cr] as on Apr 19,2024

(/) Book Value [ ₹1,422.6 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 1.62x ]

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

Thus, for DREDGING CORPORATION OF INDIA , the investors are currently willing to pay '1.62 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 DREDGING CORPORATION OF INDIA !

The chart below summarizes the trend in P/B Ratio of DREDGING CORPORATION OF INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of DREDGING CORPORATION OF INDIA


PB Ratio Performance Analysis for DREDGING CORPORATION OF INDIA

- DREDGING CORPORATION OF INDIA 's latest p/b ratio is 1.62x.

- DREDGING CORPORATION OF INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.59x.

- DREDGING CORPORATION OF INDIA 's operated at median p/b ratio of 0.63x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DREDGING CORPORATION OF INDIA 's p/b ratio peaked in Mar2019 at 0.76x.

- DREDGING CORPORATION OF INDIA 's p/b ratio hit its five-year low in Mar2020 of 0.26x.


How does DREDGING CORPORATION OF INDIA 's P/B Ratio benchmark against top 10 peers in Shipping Industry?

Peer Comparison (Shipping Industry)Book ValuePB RatioMarket Cap
DREDGING CORPORATION OF INDIA 1,422.561.622,301.7
THE GREAT EASTERN SHIPPING COMPANY LTD10,275.401.4014,413.1
SHIPPING CORPORATION OF INDIA LTD6,902.331.419,746.8
SEAMEC LTD790.333.392,682.1
SHREYAS SHIPPING & LOGISTICS LTD818.770.76626.1
ESSAR SHIPPING LTD-2,742.69-0.24649.3
GLOBAL OFFSHORE SERVICES LTD47.482.41114.3

Shipping Industry Benchmark (Top 10) PB Analysis vs DREDGING CORPORATION OF INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.24x
Max industry PB 3.39x
Median industry PB 1.41x
Average industry PB 1.54x



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