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ELECON ENGINEERING COMPANY
PB (Price/Book ) Ratio

The Current P/B Ratio of ELECON ENGINEERING COMPANY is 8.16.

Share Price ₹1,166.6Apr 19,2024
Market Cap ₹13,089.3 Cr
Book Value₹1,604.0 CrMar2024 - Consolidated Results
Price/Book 8.16xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ELECON ENGINEERING COMPANY

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 ELECON ENGINEERING COMPANY is calculated as :

Current Market Cap [ ₹13,089.3 Cr] as on Apr 19,2024

(/) Book Value [ ₹1,604.0 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 8.16x ]

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

Thus, for ELECON ENGINEERING COMPANY , the investors are currently willing to pay '8.16 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 ELECON ENGINEERING COMPANY !

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

Historical PB (Price/Book ) ratio chart of ELECON ENGINEERING COMPANY


PB Ratio Performance Analysis for ELECON ENGINEERING COMPANY

- ELECON ENGINEERING COMPANY 's latest p/b ratio is 8.16x.

- ELECON ENGINEERING COMPANY 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.37x.

- ELECON ENGINEERING COMPANY 's operated at median p/b ratio of 0.92x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELECON ENGINEERING COMPANY 's p/b ratio peaked in Mar2023 at 3.35x.

- ELECON ENGINEERING COMPANY 's p/b ratio hit its five-year low in Mar2020 of 0.25x.


How does ELECON ENGINEERING COMPANY 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
ELECON ENGINEERING COMPANY 1,604.038.1613,089.3
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
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
ION EXCHANGE (INDIA) LTD833.499.537,940.5

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

Top 10 Industry PeersPB Ratio
Min industry PB 3.30x
Max industry PB 22.41x
Median industry PB 8.71x
Average industry PB 9.70x



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