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GREENLAM INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of GREENLAM INDUSTRIES is 7.97.

Share Price ₹605.2Apr 30,2024
Market Cap ₹7,722.4 Cr
Book Value₹968.6 CrMar2023 - Consolidated Results
Price/Book 7.97xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GREENLAM INDUSTRIES

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 GREENLAM INDUSTRIES is calculated as :

Current Market Cap [ ₹7,722.4 Cr] as on Apr 30,2024

(/) Book Value [ ₹968.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 7.97x ]

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

Thus, for GREENLAM INDUSTRIES , the investors are currently willing to pay '7.97 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 GREENLAM INDUSTRIES !

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

Historical PB (Price/Book ) ratio chart of GREENLAM INDUSTRIES


PB Ratio Performance Analysis for GREENLAM INDUSTRIES

- GREENLAM INDUSTRIES 's latest p/b ratio is 7.97x.

- GREENLAM INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.44x.

- GREENLAM INDUSTRIES 's operated at median p/b ratio of 3.93x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GREENLAM INDUSTRIES 's p/b ratio peaked in Mar2022 at 6.69x.

- GREENLAM INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 2.31x.


How does GREENLAM INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Laminates/Decoratives Industry?

Peer Comparison (Laminates/Decoratives Industry)Book ValuePB RatioMarket Cap
GREENLAM INDUSTRIES 968.637.977,722.4
STYLAM INDUSTRIES LTD412.076.802,801.1
RUSHIL DECOR LTD363.382.29831.6
AIRO LAM LTD64.014.12263.8
THE WESTERN INDIAN PLYWOODS LTD41.203.22132.9

Laminates/Decoratives Industry Benchmark (Top 10) PB Analysis vs GREENLAM INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.29x
Max industry PB 7.97x
Median industry PB 4.12x
Average industry PB 4.88x



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