Home > PB Ratio > GUJARAT GAS

GUJARAT GAS
PB (Price/Book ) Ratio

The Current P/B Ratio of GUJARAT GAS is 5.41.

Share Price ₹552.5Apr 18,2024
Market Cap ₹38,034.1 Cr
Book Value₹7,028.0 CrMar2023 - Consolidated Results
Price/Book 5.41xCalculated as MarketCap/Book Value
Explore Stock Analytics
COMMUNITY POLL
for GUJARAT GAS
Please provide your vote to see the results
GUJARAT GAS is part of below Screeners ↓
Top Mid Cap Stocks with Best Fundamentals

Definition & Calculation of PB (Price/Book ) ratio of GUJARAT GAS

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 GUJARAT GAS is calculated as :

Current Market Cap [ ₹38,034.1 Cr] as on Apr 18,2024

(/) Book Value [ ₹7,028.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 5.41x ]

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

Thus, for GUJARAT GAS , the investors are currently willing to pay '5.41 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 GUJARAT GAS !

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

Historical PB (Price/Book ) ratio chart of GUJARAT GAS


PB Ratio Performance Analysis for GUJARAT GAS

- GUJARAT GAS 's latest p/b ratio is 5.41x.

- GUJARAT GAS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 5.71x.

- GUJARAT GAS 's operated at median p/b ratio of 4.83x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GUJARAT GAS 's p/b ratio peaked in Mar2021 at 8.45x.

- GUJARAT GAS 's p/b ratio hit its five-year low in Mar2023 of 4.5x.


How does GUJARAT GAS 's P/B Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?

Peer Comparison (Gas Transmission/Marketing Industry)Book ValuePB RatioMarket Cap
GUJARAT GAS 7,027.955.4138,034.1
ADANI TOTAL GAS LTD2,940.9634.40101,177.0
INDRAPRASTHA GAS LTD7,931.243.8630,607.5
GUJARAT STATE PETRONET LTD9,448.902.3021,705.2
MAHANAGAR GAS LTD4,134.223.3513,834.3
CONFIDENCE FUTURISTIC ENERGETECH LTD148.861.85275.5

Gas Transmission/Marketing Industry Benchmark (Top 10) PB Analysis vs GUJARAT GAS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.85x
Max industry PB 34.40x
Median industry PB 3.86x
Average industry PB 8.53x



You may also like the below Video Courses