JINDAL STEEL & POWER
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The Current P/B Ratio of JINDAL STEEL & POWER is 2.18.
Share Price | ₹947.0 | Nov 07,2024 |
Market Cap | ₹96,603.5 Cr | |
Book Value | ₹44,316.0 Cr | Mar2024 - Consolidated Results |
Price/Book | 2.18x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of JINDAL STEEL & POWER
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹96,603.5 Cr] as on Nov 07,2024
(/) Book Value [ ₹44,316.0 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 2.18x ]
Thus, for JINDAL STEEL & POWER , the investors are currently willing to pay '2.18 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 STEEL & POWER !
The chart below summarizes the trend in P/B Ratio of JINDAL STEEL & POWER over the last five years.
Historical PB (Price/Book ) ratio chart of JINDAL STEEL & POWER
PB Ratio Performance Analysis for JINDAL STEEL & POWER
- JINDAL STEEL & POWER 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.24x.
- JINDAL STEEL & POWER 's operated at median p/b ratio of 1.42x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JINDAL STEEL & POWER 's p/b ratio peaked in Mar2024 at 1.92x.
- JINDAL STEEL & POWER 's p/b ratio hit its five-year low in Mar2020 of 0.26x.
How does JINDAL STEEL & POWER '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 |
---|---|---|---|
JINDAL STEEL & POWER | 44,316.00 | 2.18 | 96,603.5 |
LLOYDS METALS & ENERGY LTD | 2,773.29 | 18.78 | 52,074.6 |
JAI BALAJI INDUSTRIES LTD | 1,482.97 | 13.21 | 19,594.2 |
STEEL EXCHANGE INDIA LTD | 638.78 | 2.10 | 1,342.6 |
SURAJ PRODUCTS LTD | 130.38 | 5.02 | 654.0 |
SAL STEEL LTD | 42.03 | 5.68 | 238.9 |
KIC METALIKS LTD | 180.16 | 0.87 | 156.0 |
BIHAR SPONGE IRON LTD | -55.75 | -2.58 | 143.6 |
VASWANI INDUSTRIES LTD | 121.65 | 1.30 | 157.9 |
Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PB Analysis vs JINDAL STEEL & POWER 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -2.58x |
Max industry PB | 18.78x |
Median industry PB | 2.18x |
Average industry PB | 5.17x |
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