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GARWARE TECHNICAL FIBRES
PB (Price/Book ) Ratio

The Current P/B Ratio of GARWARE TECHNICAL FIBRES is 6.38.

Share Price ₹3,258.0Apr 26,2024
Market Cap ₹6,483.4 Cr
Book Value₹1,016.4 CrMar2023 - Consolidated Results
Price/Book 6.38xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GARWARE TECHNICAL FIBRES

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 TECHNICAL FIBRES is calculated as :

Current Market Cap [ ₹6,483.4 Cr] as on Apr 26,2024

(/) Book Value [ ₹1,016.4 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 6.38x ]

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

Thus, for GARWARE TECHNICAL FIBRES , the investors are currently willing to pay '6.38 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 TECHNICAL FIBRES !

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

Historical PB (Price/Book ) ratio chart of GARWARE TECHNICAL FIBRES


PB Ratio Performance Analysis for GARWARE TECHNICAL FIBRES

- GARWARE TECHNICAL FIBRES 's latest p/b ratio is 6.38x.

- GARWARE TECHNICAL FIBRES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 5.07x.

- GARWARE TECHNICAL FIBRES 's operated at median p/b ratio of 5.83x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GARWARE TECHNICAL FIBRES 's p/b ratio peaked in Mar2021 at 6.53x.

- GARWARE TECHNICAL FIBRES 's p/b ratio hit its five-year low in Mar2020 of 3.16x.


How does GARWARE TECHNICAL FIBRES 's P/B Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Book ValuePB RatioMarket Cap
GARWARE TECHNICAL FIBRES 1,016.406.386,483.4
PAGE INDUSTRIES LTD1,371.0528.6639,290.4
KPR MILL LTD3,706.697.9729,551.5
VEDANT FASHIONS LTD1,392.2216.3322,732.6
SWAN ENERGY LTD2,283.688.4219,232.2
WELSPUN LIVING LTD4,515.813.2914,873.5
ALOK INDUSTRIES LTD-19,775.90-0.6913,674.3
VARDHMAN TEXTILES LTD8,562.771.5213,050.5
ARVIND LTD3,344.492.468,219.1
JINDAL WORLDWIDE LTD649.9810.386,746.5
INDO COUNT INDUSTRIES LTD1,792.704.397,862.8

Textile Industry Benchmark (Top 10) PB Analysis vs GARWARE TECHNICAL FIBRES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.69x
Max industry PB 28.66x
Median industry PB 6.38x
Average industry PB 8.10x



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