JAI BALAJI INDUSTRIES
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The Current P/B Ratio of JAI BALAJI INDUSTRIES is 12.21.
Share Price | ₹1,065.0 | Apr 29,2024 |
Market Cap | ₹18,371.3 Cr | |
Book Value | ₹1,504.1 Cr | Mar2024 - Consolidated Results |
Price/Book | 12.21x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of JAI BALAJI INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹18,371.3 Cr] as on Apr 29,2024
(/) Book Value [ ₹1,504.1 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 12.21x ]
Thus, for JAI BALAJI INDUSTRIES , the investors are currently willing to pay '12.21 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 JAI BALAJI INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of JAI BALAJI INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of JAI BALAJI INDUSTRIES
PB Ratio Performance Analysis for JAI BALAJI INDUSTRIES
- JAI BALAJI INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.09x.
- JAI BALAJI INDUSTRIES 's operated at median p/b ratio of -0.17x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JAI BALAJI INDUSTRIES 's p/b ratio peaked in Mar2023 at 1.29x.
- JAI BALAJI INDUSTRIES 's p/b ratio hit its five-year low in Mar2022 of -0.29x.
How does JAI BALAJI INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?
Peer Comparison (Steel/Sponge Iron/Pig Iron Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
JAI BALAJI INDUSTRIES | 1,504.12 | 12.21 | 18,371.3 |
JINDAL STEEL & POWER LTD | 38,706.60 | 2.48 | 96,082.1 |
LLOYDS METALS & ENERGY LTD | 1,521.66 | 23.80 | 36,209.0 |
STEEL EXCHANGE INDIA LTD | 506.61 | 3.39 | 1,719.8 |
SURAJ PRODUCTS LTD | 103.14 | 7.77 | 801.4 |
SAL STEEL LTD | 41.53 | 3.99 | 165.8 |
KIC METALIKS LTD | 177.80 | 1.08 | 192.0 |
BIHAR SPONGE IRON LTD | -63.19 | -2.10 | 132.5 |
VASWANI INDUSTRIES LTD | 112.65 | 0.98 | 110.1 |
Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PB Analysis vs JAI BALAJI INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -2.10x |
Max industry PB | 23.80x |
Median industry PB | 3.39x |
Average industry PB | 5.96x |
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