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ELGI EQUIPMENTS
PB (Price/Book ) Ratio

The Current P/B Ratio of ELGI EQUIPMENTS is 14.47.

Share Price ₹625.3Apr 18,2024
Market Cap ₹19,815.8 Cr
Book Value₹1,369.4 CrMar2023 - Consolidated Results
Price/Book 14.47xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ELGI EQUIPMENTS

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 ELGI EQUIPMENTS is calculated as :

Current Market Cap [ ₹19,815.8 Cr] as on Apr 18,2024

(/) Book Value [ ₹1,369.4 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 14.47x ]

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

Thus, for ELGI EQUIPMENTS , the investors are currently willing to pay '14.47 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 ELGI EQUIPMENTS !

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

Historical PB (Price/Book ) ratio chart of ELGI EQUIPMENTS


PB Ratio Performance Analysis for ELGI EQUIPMENTS

- ELGI EQUIPMENTS 's latest p/b ratio is 14.47x.

- ELGI EQUIPMENTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.60x.

- ELGI EQUIPMENTS 's operated at median p/b ratio of 6.93x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELGI EQUIPMENTS 's p/b ratio peaked in Mar2023 at 10.17x.

- ELGI EQUIPMENTS 's p/b ratio hit its five-year low in Mar2020 of 2.31x.


How does ELGI EQUIPMENTS 's P/B Ratio benchmark against top 10 peers in Compressors / Pumps Industry?

Peer Comparison (Compressors / Pumps Industry)Book ValuePB RatioMarket Cap
ELGI EQUIPMENTS 1,369.3914.4719,815.8
KSB LTD1,247.8012.5015,595.0
INGERSOLLRAND (INDIA) LTD578.0321.7412,567.8
DYNAMATIC TECHNOLOGIES LTD541.9710.375,619.0
KIRLOSKAR PNEUMATIC COMPANY LTD792.016.084,814.6
WPIL LTD809.834.343,516.9
SHAKTI PUMPS (INDIA) LTD418.067.333,065.6
ROTO PUMPS LTD161.967.711,248.5

Compressors / Pumps Industry Benchmark (Top 10) PB Analysis vs ELGI EQUIPMENTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.34x
Max industry PB 21.74x
Median industry PB 10.37x
Average industry PB 10.57x



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