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FORBES & COMPANY
PB (Price/Book ) Ratio

The Current P/B Ratio of FORBES & COMPANY is 4.77.

Share Price ₹603.3Apr 24,2024
Market Cap ₹778.2 Cr
Book Value₹163.1 CrMar2023 - Consolidated Results
Price/Book 4.77xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of FORBES & 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 FORBES & COMPANY is calculated as :

Current Market Cap [ ₹778.2 Cr] as on Apr 24,2024

(/) Book Value [ ₹163.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 4.77x ]

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

Thus, for FORBES & COMPANY , the investors are currently willing to pay '4.77 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 FORBES & COMPANY !

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

Historical PB (Price/Book ) ratio chart of FORBES & COMPANY


PB Ratio Performance Analysis for FORBES & COMPANY

- FORBES & COMPANY 's latest p/b ratio is 4.77x.

- FORBES & COMPANY 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -1.10x.

- FORBES & COMPANY 's operated at median p/b ratio of 4.63x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, FORBES & COMPANY 's p/b ratio peaked in Mar2019 at 10.75x.

- FORBES & COMPANY 's p/b ratio hit its five-year low in Mar2021 of -15.77x.


How does FORBES & 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
FORBES & COMPANY 163.074.77778.2
BHARAT ELECTRONICS LTD13,861.6012.46172,767.0
BHARAT HEAVY ELECTRICALS LTD26,828.003.4391,909.1
THERMAX LTD3,865.5513.6752,850.6
TRIVENI TURBINE LTD760.3522.4917,098.6
KIRLOSKAR OIL ENGINES LTD2,290.036.0313,816.8
ELECON ENGINEERING COMPANY LTD1,604.038.0412,897.4
PRAJ INDUSTRIES LTD1,075.348.899,560.1
SHRIRAM PISTONS & RINGS LTD1,527.465.919,023.6
KIRLOSKAR BROTHERS LTD1,403.887.3810,359.7
TEGA INDUSTRIES LTD1,048.959.6110,083.8

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

Top 10 Industry PeersPB Ratio
Min industry PB 3.43x
Max industry PB 22.49x
Median industry PB 8.04x
Average industry PB 9.33x



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