FORTIS HEALTHCARE
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The Current P/B Ratio of FORTIS HEALTHCARE is 4.71.
Share Price | ₹451.7 | May 03,2024 |
Market Cap | ₹34,103.4 Cr | |
Book Value | ₹7,240.5 Cr | Mar2023 - Consolidated Results |
Price/Book | 4.71x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of FORTIS HEALTHCARE
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹34,103.4 Cr] as on May 03,2024
(/) Book Value [ ₹7,240.5 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 4.71x ]
Thus, for FORTIS HEALTHCARE , the investors are currently willing to pay '4.71 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 FORTIS HEALTHCARE !
The chart below summarizes the trend in P/B Ratio of FORTIS HEALTHCARE over the last five years.
Historical PB (Price/Book ) ratio chart of FORTIS HEALTHCARE
PB Ratio Performance Analysis for FORTIS HEALTHCARE
- FORTIS HEALTHCARE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.34x.
- FORTIS HEALTHCARE 's operated at median p/b ratio of 2.46x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, FORTIS HEALTHCARE 's p/b ratio peaked in Mar2022 at 3.55x.
- FORTIS HEALTHCARE 's p/b ratio hit its five-year low in Mar2020 of 1.43x.
How does FORTIS HEALTHCARE 's P/B Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?
Peer Comparison (Hospital & Healthcare Services Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
FORTIS HEALTHCARE | 7,240.51 | 4.71 | 34,103.4 |
APOLLO HOSPITALS ENTERPRISE LTD | 6,112.50 | 14.14 | 86,400.2 |
MAX HEALTHCARE INSTITUTE LTD | 7,367.96 | 10.75 | 79,176.8 |
GLOBAL HEALTH LTD | 2,423.07 | 15.64 | 37,886.4 |
NARAYANA HRUDAYALAYA LTD | 2,130.60 | 11.99 | 25,542.0 |
ASTER DM HEALTHCARE LTD | 4,448.07 | 3.90 | 17,350.6 |
DR LAL PATHLABS LTD | 1,608.03 | 12.03 | 19,341.4 |
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD | 1,669.54 | 9.53 | 15,911.9 |
RAINBOW CHILDRENS MEDICARE LTD | 1,059.91 | 14.00 | 14,835.0 |
METROPOLIS HEALTHCARE LTD | 980.89 | 9.35 | 9,174.3 |
JUPITER LIFE LINE HOSPITALS LTD | 365.69 | 21.93 | 8,019.7 |
Hospital & Healthcare Services Industry Benchmark (Top 10) PB Analysis vs FORTIS HEALTHCARE 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.90x |
Max industry PB | 21.93x |
Median industry PB | 11.99x |
Average industry PB | 11.63x |
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