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ICE MAKE REFRIGERATION
PB (Price/Book ) Ratio

The Current P/B Ratio of ICE MAKE REFRIGERATION is 10.04.

Share Price ₹515.5Apr 26,2024
Market Cap ₹814.4 Cr
Book Value₹81.1 CrMar2023 - Consolidated Results
Price/Book 10.04xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of ICE MAKE REFRIGERATION

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 ICE MAKE REFRIGERATION is calculated as :

Current Market Cap [ ₹814.4 Cr] as on Apr 26,2024

(/) Book Value [ ₹81.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 10.04x ]

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

Thus, for ICE MAKE REFRIGERATION , the investors are currently willing to pay '10.04 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 ICE MAKE REFRIGERATION !

The chart below summarizes the trend in P/B Ratio of ICE MAKE REFRIGERATION over the last five years.

Historical PB (Price/Book ) ratio chart of ICE MAKE REFRIGERATION


PB Ratio Performance Analysis for ICE MAKE REFRIGERATION

- ICE MAKE REFRIGERATION 's latest p/b ratio is 10.04x.

- ICE MAKE REFRIGERATION 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.59x.

- ICE MAKE REFRIGERATION 's operated at median p/b ratio of 2.48x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ICE MAKE REFRIGERATION 's p/b ratio peaked in Mar2023 at 5.1x.

- ICE MAKE REFRIGERATION 's p/b ratio hit its five-year low in Mar2020 of 0.98x.


How does ICE MAKE REFRIGERATION 's P/B Ratio benchmark against top 10 peers in Electronics - Components Industry?

Peer Comparison (Electronics - Components Industry)Book ValuePB RatioMarket Cap
ICE MAKE REFRIGERATION 81.1310.04814.4
KAYNES TECHNOLOGY INDIA LTD958.4118.1817,420.2
SYRMA SGS TECHNOLOGY LTD1,534.135.508,434.4
AVALON TECHNOLOGIES LTD216.7215.783,419.4
DCX SYSTEMS LTD566.726.373,612.3
APOLLO MICRO SYSTEMS LTD337.539.183,098.9
IKIO LIGHTING LTD142.1616.352,325.0
CENTUM ELECTRONICS LTD209.2912.672,651.0
WEBSOL ENERGY SYSTEM LTD191.2814.912,852.1
SWELECT ENERGY SYSTEMS LTD787.232.812,214.3
KERNEX MICROSYSTEMS (INDIA) LTD82.1410.96900.4

Electronics - Components Industry Benchmark (Top 10) PB Analysis vs ICE MAKE REFRIGERATION 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.81x
Max industry PB 18.18x
Median industry PB 10.96x
Average industry PB 11.16x



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