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HINDUSTAN TIN WORKS
PB (Price/Book ) Ratio

The Current P/B Ratio of HINDUSTAN TIN WORKS is 0.98.

Share Price ₹178.9Apr 26,2024
Market Cap ₹186.1 Cr
Book Value₹189.2 CrMar2023 - Standalone Results
Price/Book 0.98xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HINDUSTAN TIN WORKS

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 HINDUSTAN TIN WORKS is calculated as :

Current Market Cap [ ₹186.1 Cr] as on Apr 26,2024

(/) Book Value [ ₹189.2 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 0.98x ]

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

Thus, for HINDUSTAN TIN WORKS , the investors are currently willing to pay '0.98 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 HINDUSTAN TIN WORKS !

The chart below summarizes the trend in P/B Ratio of HINDUSTAN TIN WORKS over the last five years.

Historical PB (Price/Book ) ratio chart of HINDUSTAN TIN WORKS


PB Ratio Performance Analysis for HINDUSTAN TIN WORKS

- HINDUSTAN TIN WORKS 's latest p/b ratio is 0.98x.

- HINDUSTAN TIN WORKS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.40x.

- HINDUSTAN TIN WORKS 's operated at median p/b ratio of 0.41x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HINDUSTAN TIN WORKS 's p/b ratio peaked in Mar2023 at 0.5x.

- HINDUSTAN TIN WORKS 's p/b ratio hit its five-year low in Mar2020 of 0.21x.


How does HINDUSTAN TIN WORKS 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
HINDUSTAN TIN WORKS 189.220.98186.1
BHARAT ELECTRONICS LTD13,861.6012.60174,631.0
BHARAT HEAVY ELECTRICALS LTD26,828.003.6297,079.9
THERMAX LTD3,865.5513.4652,032.6
TRIVENI TURBINE LTD760.3522.3917,023.9
KIRLOSKAR OIL ENGINES LTD2,290.036.4614,794.8
ELECON ENGINEERING COMPANY LTD1,604.037.8912,661.8
PRAJ INDUSTRIES LTD1,075.348.949,611.6
SHRIRAM PISTONS & RINGS LTD1,527.466.039,206.0
KIRLOSKAR BROTHERS LTD1,403.887.3410,299.7
TEGA INDUSTRIES LTD1,048.959.5810,044.2

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs HINDUSTAN TIN WORKS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.98x
Max industry PB 22.39x
Median industry PB 7.89x
Average industry PB 9.03x



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