ION EXCHANGE (INDIA)
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The Current P/B Ratio of ION EXCHANGE (INDIA) is 9.63.
Share Price | ₹547.2 | Apr 24,2024 |
Market Cap | ₹8,027.4 Cr | |
Book Value | ₹833.5 Cr | Mar2023 - Consolidated Results |
Price/Book | 9.63x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of ION EXCHANGE (INDIA)
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹8,027.4 Cr] as on Apr 24,2024
(/) Book Value [ ₹833.5 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 9.63x ]
Thus, for ION EXCHANGE (INDIA) , the investors are currently willing to pay '9.63 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 ION EXCHANGE (INDIA) !
The chart below summarizes the trend in P/B Ratio of ION EXCHANGE (INDIA) over the last five years.
Historical PB (Price/Book ) ratio chart of ION EXCHANGE (INDIA)
PB Ratio Performance Analysis for ION EXCHANGE (INDIA)
- ION EXCHANGE (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.52x.
- ION EXCHANGE (INDIA) 's operated at median p/b ratio of 3.57x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ION EXCHANGE (INDIA) 's p/b ratio peaked in Mar2023 at 5.83x.
- ION EXCHANGE (INDIA) 's p/b ratio hit its five-year low in Mar2019 of 2.18x.
How does ION EXCHANGE (INDIA) '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 |
---|---|---|---|
ION EXCHANGE (INDIA) | 833.49 | 9.63 | 8,027.4 |
BHARAT ELECTRONICS LTD | 13,861.60 | 12.46 | 172,767.0 |
BHARAT HEAVY ELECTRICALS LTD | 26,828.00 | 3.43 | 91,909.1 |
THERMAX LTD | 3,865.55 | 13.67 | 52,850.6 |
TRIVENI TURBINE LTD | 760.35 | 22.49 | 17,098.6 |
KIRLOSKAR OIL ENGINES LTD | 2,290.03 | 6.03 | 13,816.8 |
ELECON ENGINEERING COMPANY LTD | 1,604.03 | 8.04 | 12,897.4 |
PRAJ INDUSTRIES LTD | 1,075.34 | 8.89 | 9,560.1 |
SHRIRAM PISTONS & RINGS LTD | 1,527.46 | 5.91 | 9,023.6 |
KIRLOSKAR BROTHERS LTD | 1,403.88 | 7.38 | 10,359.7 |
TEGA INDUSTRIES LTD | 1,048.95 | 9.61 | 10,083.8 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs ION EXCHANGE (INDIA) 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 3.43x |
Max industry PB | 22.49x |
Median industry PB | 8.89x |
Average industry PB | 9.78x |
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