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HITECH CORPORATION
PB (Price/Book ) Ratio

The Current P/B Ratio of HITECH CORPORATION is 1.46.

Share Price ₹205.9Apr 19,2024
Market Cap ₹354.1 Cr
Book Value₹243.2 CrMar2023 - Standalone Results
Price/Book 1.46xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HITECH 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 HITECH CORPORATION is calculated as :

Current Market Cap [ ₹354.1 Cr] as on Apr 19,2024

(/) Book Value [ ₹243.2 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 1.46x ]

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

Thus, for HITECH CORPORATION , the investors are currently willing to pay '1.46 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 HITECH CORPORATION !

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

Historical PB (Price/Book ) ratio chart of HITECH CORPORATION


PB Ratio Performance Analysis for HITECH CORPORATION

- HITECH CORPORATION 's latest p/b ratio is 1.46x.

- HITECH CORPORATION 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.14x.

- HITECH CORPORATION 's operated at median p/b ratio of 1.12x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH CORPORATION 's p/b ratio peaked in Mar2022 at 1.8x.

- HITECH CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 0.5x.


How does HITECH CORPORATION 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Book ValuePB RatioMarket Cap
HITECH CORPORATION 243.211.46354.1
ASTRAL LTD2,709.2019.2852,222.4
SUPREME INDUSTRIES LTD4,402.1211.7451,672.0
FINOLEX INDUSTRIES LTD4,903.073.1915,636.0
RESPONSIVE INDUSTRIES LTD1,003.387.587,605.0
PRINCE PIPES AND FITTINGS LTD1,363.964.976,774.6
EPL LTD1,956.602.895,648.0
JAI CORP LTD1,431.823.675,253.6
TIME TECHNOPLAST LTD2,265.812.656,000.0
GARWARE HITECH FILMS LTD1,855.822.123,926.6
JAIN IRRIGATION SYSTEMS LTD5,135.800.743,795.2

Plastic Products Industry Benchmark (Top 10) PB Analysis vs HITECH CORPORATION 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.74x
Max industry PB 19.28x
Median industry PB 3.19x
Average industry PB 5.48x



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