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EIMCO ELECON (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of EIMCO ELECON (INDIA) is 2.89.

Share Price ₹1,923.9Apr 19,2024
Market Cap ₹1,115.8 Cr
Book Value₹386.2 CrMar2024 - Consolidated Results
Price/Book 2.89xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of EIMCO ELECON (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 EIMCO ELECON (INDIA) is calculated as :

Current Market Cap [ ₹1,115.8 Cr] as on Apr 19,2024

(/) Book Value [ ₹386.2 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 2.89x ]

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

Thus, for EIMCO ELECON (INDIA) , the investors are currently willing to pay '2.89 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 EIMCO ELECON (INDIA) !

The chart below summarizes the trend in P/B Ratio of EIMCO ELECON (INDIA) over the last five years.

Historical PB (Price/Book ) ratio chart of EIMCO ELECON (INDIA)


PB Ratio Performance Analysis for EIMCO ELECON (INDIA)

- EIMCO ELECON (INDIA) 's latest p/b ratio is 2.89x.

- EIMCO ELECON (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.56x.

- EIMCO ELECON (INDIA) 's operated at median p/b ratio of 0.59x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, EIMCO ELECON (INDIA) 's p/b ratio peaked in Mar2019 at 0.71x.

- EIMCO ELECON (INDIA) 's p/b ratio hit its five-year low in Mar2020 of 0.35x.


How does EIMCO ELECON (INDIA) 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
EIMCO ELECON (INDIA) 386.172.891,115.8
BHARAT ELECTRONICS LTD13,861.6012.29170,427.0
BHARAT HEAVY ELECTRICALS LTD26,828.003.3088,601.1
THERMAX LTD3,865.5514.8457,369.0
TRIVENI TURBINE LTD760.3522.4117,041.4
KIRLOSKAR OIL ENGINES LTD2,290.035.6012,815.6
ELECON ENGINEERING COMPANY LTD1,604.038.1613,089.2
PRAJ INDUSTRIES LTD1,075.348.719,365.3
SHRIRAM PISTONS & RINGS LTD1,527.465.899,002.2
KIRLOSKAR BROTHERS LTD1,403.886.789,521.5
TEGA INDUSTRIES LTD1,048.959.159,595.8

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs EIMCO ELECON (INDIA) 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.89x
Max industry PB 22.41x
Median industry PB 8.16x
Average industry PB 9.09x



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