JET AIRWAYS (INDIA)
|
The Current P/B Ratio of JET AIRWAYS (INDIA) is -0.03.
Share Price | ₹46.7 | Apr 25,2024 |
Market Cap | ₹530.2 Cr | |
Book Value | ₹-17,506.5 Cr | Mar2023 - Standalone Results |
Price/Book | -0.03x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of JET AIRWAYS (INDIA)
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
JET AIRWAYS (INDIA) | -17,506.50 | -0.03 | 530.2 |
INTERGLOBE AVIATION LTD | -6,294.64 | -23.39 | 147,253.0 |
SPICEJET LTD | -5,856.21 | -0.83 | 4,853.2 |
TANEJA AEROSPACE & AVIATION LTD | 109.57 | 11.00 | 1,205.3 |
TAAL ENTERPRISES LTD | 124.16 | 7.13 | 885.0 |
GLOBAL VECTRA HELICORP LTD | 28.10 | 11.67 | 327.8 |
Airlines Industry Benchmark (Top 10) PB Analysis vs JET AIRWAYS (INDIA) 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -23.39x |
Max industry PB | 11.67x |
Median industry PB | 7.13x |
Average industry PB | 0.92x |
You may also like the below Video Courses