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JINDAL DRILLING & INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of JINDAL DRILLING & INDUSTRIES is 1.75.

Share Price ₹788.1Apr 26,2024
Market Cap ₹2,285.3 Cr
Book Value₹1,309.3 CrMar2023 - Consolidated Results
Price/Book 1.75xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of JINDAL DRILLING & INDUSTRIES

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 JINDAL DRILLING & INDUSTRIES is calculated as :

Current Market Cap [ ₹2,285.3 Cr] as on Apr 26,2024

(/) Book Value [ ₹1,309.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 1.75x ]

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

Thus, for JINDAL DRILLING & INDUSTRIES , the investors are currently willing to pay '1.75 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 JINDAL DRILLING & INDUSTRIES !

The chart below summarizes the trend in P/B Ratio of JINDAL DRILLING & INDUSTRIES over the last five years.

Historical PB (Price/Book ) ratio chart of JINDAL DRILLING & INDUSTRIES


PB Ratio Performance Analysis for JINDAL DRILLING & INDUSTRIES

- JINDAL DRILLING & INDUSTRIES 's latest p/b ratio is 1.75x.

- JINDAL DRILLING & INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.32x.

- JINDAL DRILLING & INDUSTRIES 's operated at median p/b ratio of 0.23x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JINDAL DRILLING & INDUSTRIES 's p/b ratio peaked in Mar2022 at 0.58x.

- JINDAL DRILLING & INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.1x.


How does JINDAL DRILLING & INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Oil Exploration Industry?

Peer Comparison (Oil Exploration Industry)Book ValuePB RatioMarket Cap
JINDAL DRILLING & INDUSTRIES 1,309.281.752,285.3
OIL & NATURAL GAS CORPORATION LTD280,647.001.27355,833.0
OIL INDIA LTD38,481.501.7768,138.6
HINDUSTAN OIL EXPLORATION COMPANY LTD947.202.892,735.5
ASIAN ENERGY SERVICES LTD199.395.751,146.9
SELAN EXPLORATION TECHNOLOGY LTD359.892.65953.3
DEEP ENERGY RESOURCES LTD399.521.46582.9
ABAN OFFSHORE LTD-22,296.80-0.02409.5
GUJARAT NATURAL RESOURCES LTD109.471.13123.7
AAKASH EXPLORATION SERVICES LTD52.302.09109.4

Oil Exploration Industry Benchmark (Top 10) PB Analysis vs JINDAL DRILLING & INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.02x
Max industry PB 5.75x
Median industry PB 1.77x
Average industry PB 2.07x



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