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HINDUSTHAN NATIONAL GLASS & INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of HINDUSTHAN NATIONAL GLASS & INDUSTRIES is -0.20.

Share Price ₹22.0Apr 15,2024
Market Cap ₹197.4 Cr
Book Value₹-997.6 CrMar2023 - Standalone Results
Price/Book -0.20xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HINDUSTHAN NATIONAL GLASS & 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 HINDUSTHAN NATIONAL GLASS & INDUSTRIES is calculated as :

Current Market Cap [ ₹197.4 Cr] as on Apr 15,2024

(/) Book Value [ ₹-997.6 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ -0.20x ]

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

Thus, for HINDUSTHAN NATIONAL GLASS & INDUSTRIES , the investors are currently willing to pay '-0.20 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 HINDUSTHAN NATIONAL GLASS & INDUSTRIES !

The chart below summarizes the trend in P/B Ratio of HINDUSTHAN NATIONAL GLASS & INDUSTRIES over the last five years.

Historical PB (Price/Book ) ratio chart of HINDUSTHAN NATIONAL GLASS & INDUSTRIES


PB Ratio Performance Analysis for HINDUSTHAN NATIONAL GLASS & INDUSTRIES

- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's latest p/b ratio is -0.20x.

- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -7.58x.

- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's operated at median p/b ratio of -0.67x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/b ratio peaked in Mar2023 at -0.08x.

- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/b ratio hit its five-year low in Mar2019 of -34.87x.


How does HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Glass Industry?

Peer Comparison (Glass Industry)Book ValuePB RatioMarket Cap
HINDUSTHAN NATIONAL GLASS & INDUSTRIES -997.63-0.20197.4
ASAHI INDIA GLASS LTD2,074.536.7513,997.1
BOROSIL RENEWABLES LTD918.057.326,723.4
LA OPALA RG LTD774.954.613,573.7
HALDYN GLASS LTD176.914.96877.8
EMPIRE INDUSTRIES LTD283.412.26640.5
SEJAL GLASS LTD14.0027.58386.1

Glass Industry Benchmark (Top 10) PB Analysis vs HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.20x
Max industry PB 27.58x
Median industry PB 4.96x
Average industry PB 7.61x



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