FORBES & COMPANY
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The Current P/B Ratio of FORBES & COMPANY is 1.98.
| Share Price | ₹306.6 | Aug 14,2026 |
| Market Cap | ₹395.4 Cr | |
| Book Value | ₹199.4 Cr | Mar2026 - Consolidated Results |
| Price/Book | 1.98x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of FORBES & COMPANY
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹395.4 Cr] as on Aug 14,2026
(/) Book Value [ ₹199.4 Cr] based on Mar2026 - Consolidated Results
(=) P/B Ratio [ 1.98x ]
Thus, for FORBES & COMPANY , the investors are currently willing to pay '1.98 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 p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 4.32x.
- 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 Mar2024 at 7.1x.
- FORBES & COMPANY 's p/b ratio hit its five-year low in Mar2025 of 1.71x.
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 Value | PB Ratio | Market Cap |
|---|---|---|---|
| FORBES & COMPANY | 199.37 | 1.98 | 395.4 |
| BHARAT HEAVY ELECTRICALS LTD | 26,146.60 | 5.62 | 146,978.0 |
| THERMAX LTD | 5,541.73 | 8.71 | 48,270.2 |
| KIRLOSKAR OIL ENGINES LTD | 3,592.37 | 8.51 | 30,558.4 |
| TRIVENI TURBINE LTD | 1,446.00 | 13.02 | 18,828.9 |
| JYOTI CNC AUTOMATION LTD | 2,001.33 | 9.38 | 18,780.6 |
| INOX INDIA LTD | 1,107.73 | 15.92 | 17,635.3 |
| AZAD ENGINEERING LTD | 1,528.90 | 11.48 | 17,550.7 |
| TEGA INDUSTRIES LTD | 3,407.18 | 3.76 | 12,804.4 |
| ELECON ENGINEERING COMPANY LTD | 2,305.85 | 4.21 | 9,705.3 |
| KRN HEAT EXCHANGER AND REFRIGERATION LTD | 574.00 | 16.75 | 9,613.9 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs FORBES & COMPANY 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | 1.98x |
| Max industry PB | 16.75x |
| Median industry PB | 8.71x |
| Average industry PB | 9.03x |
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