ELECON ENGINEERING COMPANY
|
The Current P/B Ratio of ELECON ENGINEERING COMPANY is 8.16.
Share Price | ₹1,166.6 | Apr 19,2024 |
Market Cap | ₹13,089.3 Cr | |
Book Value | ₹1,604.0 Cr | Mar2024 - Consolidated Results |
Price/Book | 8.16x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of ELECON ENGINEERING COMPANY
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
ELECON ENGINEERING COMPANY | 1,604.03 | 8.16 | 13,089.3 |
BHARAT ELECTRONICS LTD | 13,861.60 | 12.29 | 170,427.0 |
BHARAT HEAVY ELECTRICALS LTD | 26,828.00 | 3.30 | 88,601.1 |
THERMAX LTD | 3,865.55 | 14.84 | 57,369.0 |
TRIVENI TURBINE LTD | 760.35 | 22.41 | 17,041.4 |
KIRLOSKAR OIL ENGINES LTD | 2,290.03 | 5.60 | 12,815.6 |
PRAJ INDUSTRIES LTD | 1,075.34 | 8.71 | 9,365.3 |
SHRIRAM PISTONS & RINGS LTD | 1,527.46 | 5.89 | 9,002.2 |
KIRLOSKAR BROTHERS LTD | 1,403.88 | 6.78 | 9,521.5 |
TEGA INDUSTRIES LTD | 1,048.95 | 9.15 | 9,595.8 |
ION EXCHANGE (INDIA) LTD | 833.49 | 9.53 | 7,940.5 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs ELECON ENGINEERING COMPANY 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.30x |
Max industry PB | 22.41x |
Median industry PB | 8.71x |
Average industry PB | 9.70x |
You may also like the below Video Courses