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INTERNATIONAL COMBUSTION (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of INTERNATIONAL COMBUSTION (INDIA) is 4.72.

Share Price ₹1,995.3May 21,2024
Market Cap ₹478.9 Cr
Book Value₹101.4 CrMar2023 - Standalone Results
Price/Book 4.72xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INTERNATIONAL COMBUSTION (INDIA)

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 INTERNATIONAL COMBUSTION (INDIA) is calculated as :

Current Market Cap [ ₹478.9 Cr] as on May 21,2024

(/) Book Value [ ₹101.4 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 4.72x ]

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

Thus, for INTERNATIONAL COMBUSTION (INDIA) , the investors are currently willing to pay '4.72 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 INTERNATIONAL COMBUSTION (INDIA) !

The chart below summarizes the trend in P/B Ratio of INTERNATIONAL COMBUSTION (INDIA) over the last five years.

Historical PB (Price/Book ) ratio chart of INTERNATIONAL COMBUSTION (INDIA)


PB Ratio Performance Analysis for INTERNATIONAL COMBUSTION (INDIA)

- INTERNATIONAL COMBUSTION (INDIA) 's latest p/b ratio is 4.72x.

- INTERNATIONAL COMBUSTION (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.62x.

- INTERNATIONAL COMBUSTION (INDIA) 's operated at median p/b ratio of 0.62x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INTERNATIONAL COMBUSTION (INDIA) 's p/b ratio peaked in Mar2023 at 1.02x.

- INTERNATIONAL COMBUSTION (INDIA) 's p/b ratio hit its five-year low in Mar2020 of 0.25x.


How does INTERNATIONAL COMBUSTION (INDIA) 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
INTERNATIONAL COMBUSTION (INDIA) 101.444.72478.9
BHARAT ELECTRONICS LTD13,861.6014.45200,361.0
BHARAT HEAVY ELECTRICALS LTD24,438.704.55111,147.0
THERMAX LTD4,439.8013.4359,628.2
TRIVENI TURBINE LTD959.8019.6118,826.3
KIRLOSKAR OIL ENGINES LTD2,676.217.3619,708.1
ELECON ENGINEERING COMPANY LTD1,604.037.9912,809.9
PRAJ INDUSTRIES LTD1,075.349.009,675.0
SHRIRAM PISTONS & RINGS LTD1,527.465.969,108.4
KIRLOSKAR BROTHERS LTD1,719.008.2014,088.7
TEGA INDUSTRIES LTD1,048.959.7210,197.2

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs INTERNATIONAL COMBUSTION (INDIA) 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.55x
Max industry PB 19.61x
Median industry PB 8.20x
Average industry PB 9.55x



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