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HLE GLASCOAT
PB (Price/Book ) Ratio

The Current P/B Ratio of HLE GLASCOAT is 9.45.

Share Price ₹452.2Apr 26,2024
Market Cap ₹3,088.5 Cr
Book Value₹326.7 CrMar2023 - Consolidated Results
Price/Book 9.45xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HLE GLASCOAT

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 HLE GLASCOAT is calculated as :

Current Market Cap [ ₹3,088.5 Cr] as on Apr 26,2024

(/) Book Value [ ₹326.7 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 9.45x ]

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

Thus, for HLE GLASCOAT , the investors are currently willing to pay '9.45 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 HLE GLASCOAT !

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

Historical PB (Price/Book ) ratio chart of HLE GLASCOAT


PB Ratio Performance Analysis for HLE GLASCOAT

- HLE GLASCOAT 's latest p/b ratio is 9.45x.

- HLE GLASCOAT 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 15.67x.

- HLE GLASCOAT 's operated at median p/b ratio of 10.54x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HLE GLASCOAT 's p/b ratio peaked in Mar2022 at 29.43x.

- HLE GLASCOAT 's p/b ratio hit its five-year low in Mar2019 of 3.8x.


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

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
HLE GLASCOAT 326.709.453,088.5
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 HLE GLASCOAT 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.62x
Max industry PB 22.39x
Median industry PB 8.94x
Average industry PB 9.80x



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