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INCREDIBLE INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of INCREDIBLE INDUSTRIES is 1.42.

Share Price ₹38.4May 13,2024
Market Cap ₹179.5 Cr
Book Value₹126.6 CrMar2023 - Standalone Results
Price/Book 1.42xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INCREDIBLE 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 INCREDIBLE INDUSTRIES is calculated as :

Current Market Cap [ ₹179.5 Cr] as on May 13,2024

(/) Book Value [ ₹126.6 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 1.42x ]

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

Thus, for INCREDIBLE INDUSTRIES , the investors are currently willing to pay '1.42 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 INCREDIBLE INDUSTRIES !

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

Historical PB (Price/Book ) ratio chart of INCREDIBLE INDUSTRIES


PB Ratio Performance Analysis for INCREDIBLE INDUSTRIES

- INCREDIBLE INDUSTRIES 's latest p/b ratio is 1.42x.

- INCREDIBLE INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.06x.

- INCREDIBLE INDUSTRIES 's operated at median p/b ratio of 0.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INCREDIBLE INDUSTRIES 's p/b ratio peaked in Mar2019 at 2.31x.

- INCREDIBLE INDUSTRIES 's p/b ratio hit its five-year low in Mar2023 of 0.68x.


How does INCREDIBLE INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
INCREDIBLE INDUSTRIES 126.631.42179.5
JSW STEEL LTD65,287.003.22210,334.0
TATA STEEL LTD103,082.001.98204,541.0
JINDAL STAINLESS LTD11,931.204.6955,989.4
STEEL AUTHORITY OF INDIA LTD54,746.701.1864,849.2
APL APOLLO TUBES LTD3,604.6212.0543,436.8
MOTHERSON SUMI WIRING INDIA LTD1,330.5022.3429,727.5
RATNAMANI METALS & TUBES LTD2,603.908.3821,812.6
SHYAM METALICS AND ENERGY LTD7,162.452.2616,179.9
WELSPUN CORP LTD4,718.863.2415,284.0
JINDAL SAW LTD10,093.301.6616,751.9

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs INCREDIBLE INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.18x
Max industry PB 22.34x
Median industry PB 3.22x
Average industry PB 5.68x



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