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INDAG RUBBER
PB (Price/Book ) Ratio

The Current P/B Ratio of INDAG RUBBER is 1.85.

Share Price ₹148.6Apr 23,2024
Market Cap ₹390.8 Cr
Book Value₹211.8 CrMar2023 - Standalone Results
Price/Book 1.85xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INDAG RUBBER

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 INDAG RUBBER is calculated as :

Current Market Cap [ ₹390.8 Cr] as on Apr 23,2024

(/) Book Value [ ₹211.8 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 1.85x ]

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

Thus, for INDAG RUBBER , the investors are currently willing to pay '1.85 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 INDAG RUBBER !

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

Historical PB (Price/Book ) ratio chart of INDAG RUBBER


PB Ratio Performance Analysis for INDAG RUBBER

- INDAG RUBBER 's latest p/b ratio is 1.85x.

- INDAG RUBBER 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.08x.

- INDAG RUBBER 's operated at median p/b ratio of 1.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INDAG RUBBER 's p/b ratio peaked in Mar2019 at 1.47x.

- INDAG RUBBER 's p/b ratio hit its five-year low in Mar2020 of 0.74x.


How does INDAG RUBBER 's P/B Ratio benchmark against top 10 peers in Rubber Products Industry?

Peer Comparison (Rubber Products Industry)Book ValuePB RatioMarket Cap
INDAG RUBBER 211.811.85390.8
APCOTEX INDUSTRIES LTD476.014.992,375.8
PIX TRANSMISSIONS LTD417.994.511,886.1
GRP LTD147.425.91871.1
RUBFILA INTERNATIONAL LTD252.091.59401.1
CAPTAIN PIPES LTD20.0515.72315.2
SOMI CONVEYOR BELTINGS LTD66.502.48164.9
DOLFIN RUBBERS LTD24.677.82192.9

Rubber Products Industry Benchmark (Top 10) PB Analysis vs INDAG RUBBER 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.59x
Max industry PB 15.72x
Median industry PB 4.99x
Average industry PB 5.61x



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