EICHER MOTORS
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The Current P/B Ratio of EICHER MOTORS is 7.37.
Share Price | ₹4,832.2 | Nov 04,2024 |
Market Cap | ₹132,450.6 Cr | |
Book Value | ₹17,968.4 Cr | Mar2024 - Consolidated Results |
Price/Book | 7.37x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of EICHER MOTORS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹132,450.6 Cr] as on Nov 04,2024
(/) Book Value [ ₹17,968.4 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 7.37x ]
Thus, for EICHER MOTORS , the investors are currently willing to pay '7.37 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 EICHER MOTORS !
The chart below summarizes the trend in P/B Ratio of EICHER MOTORS over the last five years.
Historical PB (Price/Book ) ratio chart of EICHER MOTORS
PB Ratio Performance Analysis for EICHER MOTORS
- EICHER MOTORS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 5.35x.
- EICHER MOTORS 's operated at median p/b ratio of 5.4x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, EICHER MOTORS 's p/b ratio peaked in Mar2021 at 6.27x.
- EICHER MOTORS 's p/b ratio hit its five-year low in Mar2020 of 3.6x.
How does EICHER MOTORS 's P/B Ratio benchmark against top 10 peers in Automobile Two & Three Wheelers Industry?
Peer Comparison (Automobile Two & Three Wheelers Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
EICHER MOTORS | 17,968.40 | 7.37 | 132,450.6 |
BAJAJ AUTO LTD | 28,859.80 | 9.22 | 265,997.0 |
TVS MOTOR COMPANY LTD | 6,783.51 | 16.89 | 114,593.0 |
HERO MOTOCORP LTD | 17,653.30 | 5.44 | 96,115.4 |
WARDWIZARD INNOVATIONS & MOBILITY LTD | 101.26 | 12.22 | 1,237.3 |
ATUL AUTO LTD | 419.85 | 3.98 | 1,671.5 |
Automobile Two & Three Wheelers Industry Benchmark (Top 10) PB Analysis vs EICHER MOTORS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.98x |
Max industry PB | 16.89x |
Median industry PB | 9.22x |
Average industry PB | 9.19x |
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