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JK TYRE & INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of JK TYRE & INDUSTRIES is 3.18.

Share Price ₹414.2Apr 25,2024
Market Cap ₹10,796.9 Cr
Book Value₹3,396.2 CrMar2023 - Consolidated Results
Price/Book 3.18xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of JK TYRE & 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 JK TYRE & INDUSTRIES is calculated as :

Current Market Cap [ ₹10,796.9 Cr] as on Apr 25,2024

(/) Book Value [ ₹3,396.2 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 3.18x ]

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

Thus, for JK TYRE & INDUSTRIES , the investors are currently willing to pay '3.18 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 JK TYRE & INDUSTRIES !

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

Historical PB (Price/Book ) ratio chart of JK TYRE & INDUSTRIES


PB Ratio Performance Analysis for JK TYRE & INDUSTRIES

- JK TYRE & INDUSTRIES 's latest p/b ratio is 3.18x.

- JK TYRE & INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.92x.

- JK TYRE & INDUSTRIES 's operated at median p/b ratio of 1.01x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JK TYRE & INDUSTRIES 's p/b ratio peaked in Mar2023 at 1.13x.

- JK TYRE & INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.43x.


How does JK TYRE & INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Tyres & Allied Industry?

Peer Comparison (Tyres & Allied Industry)Book ValuePB RatioMarket Cap
JK TYRE & INDUSTRIES 3,396.163.1810,796.9
MRF LTD14,707.703.7454,965.2
BALKRISHNA INDUSTRIES LTD7,556.936.1146,203.8
APOLLO TYRES LTD12,877.802.4631,643.9
CEAT LTD3,439.642.9910,299.8
TVS SRICHAKRA LTD1,034.183.023,124.9
GOODYEAR INDIA LTD605.814.452,693.8

Tyres & Allied Industry Benchmark (Top 10) PB Analysis vs JK TYRE & INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.46x
Max industry PB 6.11x
Median industry PB 3.18x
Average industry PB 3.71x



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