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ECO RECYCLING
PB (Price/Book ) Ratio

The Current P/B Ratio of ECO RECYCLING is 21.58.

Share Price ₹512.6Mar 28,2024
Market Cap ₹989.2 Cr
Book Value₹45.8 CrMar2023 - Consolidated Results
Price/Book 21.58xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ECO RECYCLING

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 ECO RECYCLING is calculated as :

Current Market Cap [ ₹989.2 Cr] as on Mar 28,2024

(/) Book Value [ ₹45.8 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 21.58x ]

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

Thus, for ECO RECYCLING , the investors are currently willing to pay '21.58 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 ECO RECYCLING !

The chart below summarizes the trend in P/B Ratio of ECO RECYCLING over the last five years.

Historical PB (Price/Book ) ratio chart of ECO RECYCLING


PB Ratio Performance Analysis for ECO RECYCLING

- ECO RECYCLING 's latest p/b ratio is 21.58x.

- ECO RECYCLING 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.01x.

- ECO RECYCLING 's operated at median p/b ratio of 4.4x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ECO RECYCLING 's p/b ratio peaked in Mar2023 at 4.8x.

- ECO RECYCLING 's p/b ratio hit its five-year low in Mar2020 of 1.94x.


How does ECO RECYCLING 's P/B Ratio benchmark against top 10 peers in Environmental Services Industry?

Peer Comparison (Environmental Services Industry)Book ValuePB RatioMarket Cap
ECO RECYCLING 45.8321.58989.2
VA TECH WABAG LTD1,574.893.014,743.9
ANTONY WASTE HANDLING CELL LTD485.272.701,309.6
RACE ECO CHAIN LTD20.5725.87532.2

Environmental Services Industry Benchmark (Top 10) PB Analysis vs ECO RECYCLING 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.70x
Max industry PB 25.87x
Median industry PB 21.58x
Average industry PB 13.29x



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