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JET AIRWAYS (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of JET AIRWAYS (INDIA) is -0.03.

Share Price ₹46.7Apr 25,2024
Market Cap ₹530.2 Cr
Book Value₹-17,506.5 CrMar2023 - Standalone Results
Price/Book -0.03xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of JET AIRWAYS (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 JET AIRWAYS (INDIA) is calculated as :

Current Market Cap [ ₹530.2 Cr] as on Apr 25,2024

(/) Book Value [ ₹-17,506.5 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ -0.03x ]

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

Thus, for JET AIRWAYS (INDIA) , the investors are currently willing to pay '-0.03 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 JET AIRWAYS (INDIA) !

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

Historical PB (Price/Book ) ratio chart of JET AIRWAYS (INDIA)


PB Ratio Performance Analysis for JET AIRWAYS (INDIA)

- JET AIRWAYS (INDIA) 's latest p/b ratio is -0.03x.

- JET AIRWAYS (INDIA) 's p/b ratio for fiscal years ending Mar2020 to Mar2016 averaged -0.80x.

- JET AIRWAYS (INDIA) 's operated at median p/b ratio of -0.92x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JET AIRWAYS (INDIA) 's p/b ratio peaked in Mar2020 at -0.01x.

- JET AIRWAYS (INDIA) 's p/b ratio hit its five-year low in Mar2016 of -1.87x.


How does JET AIRWAYS (INDIA) 's P/B Ratio benchmark against top 10 peers in Airlines Industry?

Peer Comparison (Airlines Industry)Book ValuePB RatioMarket Cap
JET AIRWAYS (INDIA) -17,506.50-0.03530.2
INTERGLOBE AVIATION LTD-6,294.64-23.39147,253.0
SPICEJET LTD-5,856.21-0.834,853.2
TANEJA AEROSPACE & AVIATION LTD109.5711.001,205.3
TAAL ENTERPRISES LTD124.167.13885.0
GLOBAL VECTRA HELICORP LTD28.1011.67327.8

Airlines Industry Benchmark (Top 10) PB Analysis vs JET AIRWAYS (INDIA) 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -23.39x
Max industry PB 11.67x
Median industry PB 7.13x
Average industry PB 0.92x



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