Home > PB Ratio > JINDAL STEEL & POWER

JINDAL STEEL & POWER
PB (Price/Book ) Ratio

The Current P/B Ratio of JINDAL STEEL & POWER is 2.18.

Share Price ₹947.0Nov 07,2024
Market Cap ₹96,603.5 Cr
Book Value₹44,316.0 CrMar2024 - Consolidated Results
Price/Book 2.18xCalculated as MarketCap/Book Value
Explore Stock Analytics
COMMUNITY POLL
for JINDAL STEEL & POWER
Please provide your vote to see the results
JINDAL STEEL & POWER is part of below Screeners ↓
Top Large Cap Stocks with Best Fundamentals

Definition & Calculation of PB (Price/Book ) ratio of JINDAL STEEL & POWER

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 STEEL & POWER is calculated as :

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 ]

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

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 latest p/b ratio is 2.18x.

- 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 ValuePB RatioMarket Cap
JINDAL STEEL & POWER 44,316.002.1896,603.5
LLOYDS METALS & ENERGY LTD2,773.2918.7852,074.6
JAI BALAJI INDUSTRIES LTD1,482.9713.2119,594.2
STEEL EXCHANGE INDIA LTD638.782.101,342.6
SURAJ PRODUCTS LTD130.385.02654.0
SAL STEEL LTD42.035.68238.9
KIC METALIKS LTD180.160.87156.0
BIHAR SPONGE IRON LTD-55.75-2.58143.6
VASWANI INDUSTRIES LTD121.651.30157.9

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PB Analysis vs JINDAL STEEL & POWER 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -2.58x
Max industry PB 18.78x
Median industry PB 2.18x
Average industry PB 5.17x



You may also like the below Video Courses