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JINDAL STEEL & POWER
PB (Price/Book ) Ratio

The Current P/B Ratio of JINDAL STEEL & POWER is 2.46.

Share Price ₹932.0Apr 26,2024
Market Cap ₹95,068.2 Cr
Book Value₹38,706.6 CrMar2023 - Consolidated Results
Price/Book 2.46xCalculated as MarketCap/Book Value
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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 [ ₹95,068.2 Cr] as on Apr 26,2024

(/) Book Value [ ₹38,706.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.46x ]

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 '2.46 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 2.46x.

- JINDAL STEEL & POWER 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.97x.

- JINDAL STEEL & POWER 's operated at median p/b ratio of 1.1x 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 Mar2022 at 1.51x.

- 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 38,706.602.4695,068.2
LLOYDS METALS & ENERGY LTD1,521.6624.1136,689.0
JAI BALAJI INDUSTRIES LTD1,504.1212.4918,791.1
STEEL EXCHANGE INDIA LTD506.613.341,689.9
SURAJ PRODUCTS LTD103.147.40763.3
SAL STEEL LTD41.533.99165.7
KIC METALIKS LTD177.801.10195.3
BIHAR SPONGE IRON LTD-63.19-2.10132.6
VASWANI INDUSTRIES LTD112.650.98110.1

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 -2.10x
Max industry PB 24.11x
Median industry PB 3.34x
Average industry PB 5.97x



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