HMT
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The Current P/B Ratio of HMT is -0.94.
| Share Price | ₹50.4 | Feb 23,2026 |
| Market Cap | ₹1,791.5 Cr | |
| Book Value | ₹-1,897.9 Cr | Mar2025 - Consolidated Results |
| Price/Book | -0.94x | Calculated as MarketCap/Book Value |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PB (Price/Book ) ratio of HMT
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹1,791.5 Cr] as on Feb 23,2026
(/) Book Value [ ₹-1,897.9 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ -0.94x ]
Thus, for HMT , the investors are currently willing to pay '-0.94 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 HMT !
The chart below summarizes the trend in P/B Ratio of HMT over the last five years.
Historical PB (Price/Book ) ratio chart of HMT
PB Ratio Performance Analysis for HMT
- HMT 's p/b ratio for fiscal years ending Mar2025 to Mar2021 averaged -0.49x.
- HMT 's operated at median p/b ratio of -0.23x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HMT 's p/b ratio peaked in Mar2023 at -0.2x.
- HMT 's p/b ratio hit its five-year low in Mar2025 of -0.9x.
How does HMT 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
| Peer Comparison (Engineering - Industrial Equipments Industry) | Book Value | PB Ratio | Market Cap |
|---|---|---|---|
| HMT | -1,897.90 | -0.94 | 1,791.5 |
| BHARAT HEAVY ELECTRICALS LTD | 24,722.20 | 3.65 | 90,202.9 |
| THERMAX LTD | 4,930.92 | 7.63 | 37,605.1 |
| JYOTI CNC AUTOMATION LTD | 1,686.15 | 11.60 | 19,559.5 |
| TRIVENI TURBINE LTD | 1,213.07 | 12.92 | 15,675.3 |
| KIRLOSKAR BROTHERS LTD | 2,092.85 | 6.12 | 12,816.6 |
| ELECON ENGINEERING COMPANY LTD | 1,998.69 | 4.78 | 9,556.1 |
| PRAJ INDUSTRIES LTD | 1,380.93 | 4.12 | 5,683.5 |
| KIRLOSKAR OIL ENGINES LTD | 3,065.27 | 6.64 | 20,347.5 |
| TEGA INDUSTRIES LTD | 1,396.69 | 9.28 | 12,964.0 |
| SHRIRAM PISTONS & RINGS LTD | 2,393.66 | 5.66 | 13,544.9 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs HMT 's P/B Ratio
| Top 10 Industry Peers | PB Ratio |
|---|---|
| Min industry PB | -0.94x |
| Max industry PB | 12.92x |
| Median industry PB | 6.12x |
| Average industry PB | 6.50x |
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