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EICHER MOTORS
PB (Price/Book ) Ratio

The Current P/B Ratio of EICHER MOTORS is 7.37.

Share Price ₹4,832.2Nov 04,2024
Market Cap ₹132,450.6 Cr
Book Value₹17,968.4 CrMar2024 - Consolidated Results
Price/Book 7.37xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of EICHER MOTORS

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 EICHER MOTORS is calculated as :

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 ]

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

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 latest p/b ratio is 7.37x.

- 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 ValuePB RatioMarket Cap
EICHER MOTORS 17,968.407.37132,450.6
BAJAJ AUTO LTD28,859.809.22265,997.0
TVS MOTOR COMPANY LTD6,783.5116.89114,593.0
HERO MOTOCORP LTD17,653.305.4496,115.4
WARDWIZARD INNOVATIONS & MOBILITY LTD101.2612.221,237.3
ATUL AUTO LTD419.853.981,671.5

Automobile Two & Three Wheelers Industry Benchmark (Top 10) PB Analysis vs EICHER MOTORS 's P/B Ratio

Top 10 Industry PeersPB 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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