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GARWARE HITECH FILMS
PB (Price/Book ) Ratio

The Current P/B Ratio of GARWARE HITECH FILMS is 2.14.

Share Price ₹1,709.1Apr 18,2024
Market Cap ₹3,965.1 Cr
Book Value₹1,855.8 CrMar2023 - Consolidated Results
Price/Book 2.14xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GARWARE HITECH FILMS

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 GARWARE HITECH FILMS is calculated as :

Current Market Cap [ ₹3,965.1 Cr] as on Apr 18,2024

(/) Book Value [ ₹1,855.8 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.14x ]

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

Thus, for GARWARE HITECH FILMS , the investors are currently willing to pay '2.14 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 GARWARE HITECH FILMS !

The chart below summarizes the trend in P/B Ratio of GARWARE HITECH FILMS over the last five years.

Historical PB (Price/Book ) ratio chart of GARWARE HITECH FILMS


PB Ratio Performance Analysis for GARWARE HITECH FILMS

- GARWARE HITECH FILMS 's latest p/b ratio is 2.14x.

- GARWARE HITECH FILMS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.66x.

- GARWARE HITECH FILMS 's operated at median p/b ratio of 0.65x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GARWARE HITECH FILMS 's p/b ratio peaked in Mar2021 at 1.04x.

- GARWARE HITECH FILMS 's p/b ratio hit its five-year low in Mar2020 of 0.27x.


How does GARWARE HITECH FILMS 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Book ValuePB RatioMarket Cap
GARWARE HITECH FILMS 1,855.822.143,965.1
ASTRAL LTD2,709.2019.7053,370.8
SUPREME INDUSTRIES LTD4,402.1212.1253,375.4
FINOLEX INDUSTRIES LTD4,903.073.2115,732.2
RESPONSIVE INDUSTRIES LTD1,003.387.647,670.3
PRINCE PIPES AND FITTINGS LTD1,363.964.926,712.7
EPL LTD1,956.602.895,652.8
JAI CORP LTD1,431.823.715,306.2
TIME TECHNOPLAST LTD2,265.812.615,907.0
JAIN IRRIGATION SYSTEMS LTD5,135.800.733,729.1
MOLDTEK PACKAGING LTD558.465.042,813.3

Plastic Products Industry Benchmark (Top 10) PB Analysis vs GARWARE HITECH FILMS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.73x
Max industry PB 19.70x
Median industry PB 3.71x
Average industry PB 5.88x



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