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EIH
PB (Price/Book ) Ratio

The Current P/B Ratio of EIH is 8.68.

Share Price ₹468.1Apr 16,2024
Market Cap ₹29,275.0 Cr
Book Value₹3,374.6 CrMar2023 - Consolidated Results
Price/Book 8.68xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of EIH

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 EIH is calculated as :

Current Market Cap [ ₹29,275.0 Cr] as on Apr 16,2024

(/) Book Value [ ₹3,374.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 8.68x ]

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

Thus, for EIH , the investors are currently willing to pay '8.68 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 EIH !

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

Historical PB (Price/Book ) ratio chart of EIH


PB Ratio Performance Analysis for EIH

- EIH 's latest p/b ratio is 8.68x.

- EIH 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.64x.

- EIH 's operated at median p/b ratio of 3.07x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, EIH 's p/b ratio peaked in Mar2019 at 3.87x.

- EIH 's p/b ratio hit its five-year low in Mar2020 of 1.2x.


How does EIH 's P/B Ratio benchmark against top 10 peers in Hotel, Resort & Restaurants Industry?

Peer Comparison (Hotel, Resort & Restaurants Industry)Book ValuePB RatioMarket Cap
EIH 3,374.578.6829,275.0
THE INDIAN HOTELS COMPANY LTD7,981.9610.4083,050.1
CHALET HOTELS LTD1,531.6712.1018,536.3
LEMON TREE HOTELS LTD853.7312.7510,881.5
MAHINDRA HOLIDAYS & RESORTS INDIA LTD363.6021.887,955.9
INDIA TOURISM DEVELOPMENT CORPORATION LTD341.8615.755,383.3
SAMHI HOTELS LTD-810.25-5.384,358.3
EIH ASSOCIATED HOTELS LTD396.595.792,295.8
TAJ GVK HOTELS & RESORTS LTD461.325.102,353.5
ORIENTAL HOTELS LTD539.024.502,423.6
HLV LTD418.804.451,864.4

Hotel, Resort & Restaurants Industry Benchmark (Top 10) PB Analysis vs EIH 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -5.38x
Max industry PB 21.88x
Median industry PB 8.68x
Average industry PB 8.73x



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