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GUJARAT MINERAL DEVELOPMENT CORPORATION
PB (Price/Book ) Ratio

The Current P/B Ratio of GUJARAT MINERAL DEVELOPMENT CORPORATION is 2.28.

Share Price ₹416.4Apr 24,2024
Market Cap ₹13,239.9 Cr
Book Value₹5,798.3 CrMar2023 - Consolidated Results
Price/Book 2.28xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of GUJARAT MINERAL DEVELOPMENT CORPORATION

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 MINERAL DEVELOPMENT CORPORATION is calculated as :

Current Market Cap [ ₹13,239.9 Cr] as on Apr 24,2024

(/) Book Value [ ₹5,798.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.28x ]

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

Thus, for GUJARAT MINERAL DEVELOPMENT CORPORATION , the investors are currently willing to pay '2.28 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 MINERAL DEVELOPMENT CORPORATION !

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

Historical PB (Price/Book ) ratio chart of GUJARAT MINERAL DEVELOPMENT CORPORATION


PB Ratio Performance Analysis for GUJARAT MINERAL DEVELOPMENT CORPORATION

- GUJARAT MINERAL DEVELOPMENT CORPORATION 's latest p/b ratio is 2.28x.

- GUJARAT MINERAL DEVELOPMENT CORPORATION 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.64x.

- GUJARAT MINERAL DEVELOPMENT CORPORATION 's operated at median p/b ratio of 0.6x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GUJARAT MINERAL DEVELOPMENT CORPORATION 's p/b ratio peaked in Mar2022 at 1.25x.

- GUJARAT MINERAL DEVELOPMENT CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 0.24x.


How does GUJARAT MINERAL DEVELOPMENT CORPORATION 's P/B Ratio benchmark against top 10 peers in Mining & Minerals Industry?

Peer Comparison (Mining & Minerals Industry)Book ValuePB RatioMarket Cap
GUJARAT MINERAL DEVELOPMENT CORPORATION 5,798.282.2813,239.9
COAL INDIA LTD57,244.904.77273,286.0
NMDC LTD22,620.803.2172,679.0
KIOCL LTD2,002.0413.5227,066.2
SANDUR MANGANESE & IRON ORES LTD1,933.704.568,809.0
MOIL LTD2,244.323.527,895.2
ASHAPURA MINECHEM LTD655.014.673,057.0
RAGHAV PRODUCTIVITY ENHANCERS LTD133.2210.681,422.3
20 MICRONS LTD293.601.93566.7

Mining & Minerals Industry Benchmark (Top 10) PB Analysis vs GUJARAT MINERAL DEVELOPMENT CORPORATION 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.93x
Max industry PB 13.52x
Median industry PB 4.56x
Average industry PB 5.46x



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