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GARG FURNACE
PB (Price/Book ) Ratio

The Current P/B Ratio of GARG FURNACE is 6.22.

Share Price ₹280.0May 30,2024
Market Cap ₹128.8 Cr
Book Value₹20.7 CrMar2023 - Standalone Results
Price/Book 6.22xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GARG FURNACE

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 GARG FURNACE is calculated as :

Current Market Cap [ ₹128.8 Cr] as on May 30,2024

(/) Book Value [ ₹20.7 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 6.22x ]

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

Thus, for GARG FURNACE , the investors are currently willing to pay '6.22 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 GARG FURNACE !

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

Historical PB (Price/Book ) ratio chart of GARG FURNACE


PB Ratio Performance Analysis for GARG FURNACE

- GARG FURNACE 's latest p/b ratio is 6.22x.

- GARG FURNACE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.68x.

- GARG FURNACE 's operated at median p/b ratio of 0.79x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GARG FURNACE 's p/b ratio peaked in Mar2021 at 1.17x.

- GARG FURNACE 's p/b ratio hit its five-year low in Mar2019 of 0x.


How does GARG FURNACE 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
GARG FURNACE 20.706.22128.8
JSW STEEL LTD65,287.003.31216,044.0
TATA STEEL LTD92,432.702.22204,978.0
JINDAL STAINLESS LTD14,357.904.0658,290.9
STEEL AUTHORITY OF INDIA LTD57,101.201.1465,179.7
APL APOLLO TUBES LTD3,604.6211.8242,590.3
MOTHERSON SUMI WIRING INDIA LTD1,676.8317.5829,484.4
RATNAMANI METALS & TUBES LTD3,140.537.2022,624.3
SHYAM METALICS AND ENERGY LTD9,646.671.7917,310.4
WELSPUN CORP LTD5,616.292.8015,727.5
JINDAL SAW LTD10,034.801.7417,496.9

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs GARG FURNACE 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.14x
Max industry PB 17.58x
Median industry PB 3.31x
Average industry PB 5.44x



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