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JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA is 4.75.

Share Price ₹1,151.6Apr 25,2024
Market Cap ₹3,132.2 Cr
Book Value₹659.2 CrMar2023 - Standalone Results
Price/Book 4.75xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA

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 JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA is calculated as :

Current Market Cap [ ₹3,132.2 Cr] as on Apr 25,2024

(/) Book Value [ ₹659.2 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 4.75x ]

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

Thus, for JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA , the investors are currently willing to pay '4.75 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 JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA !

The chart below summarizes the trend in P/B Ratio of JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA


PB Ratio Performance Analysis for JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA

- JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA 's latest p/b ratio is 4.75x.

- JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.65x.

- JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA 's operated at median p/b ratio of 8.49x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA 's p/b ratio peaked in Mar2021 at 9.97x.

- JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA 's p/b ratio hit its five-year low in Mar2023 of 4.2x.


How does JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA 's P/B Ratio benchmark against top 10 peers in Air Conditioners Industry?

Peer Comparison (Air Conditioners Industry)Book ValuePB RatioMarket Cap
JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA 659.174.753,132.2
VOLTAS LTD5,452.078.6647,223.9
BLUE STAR LTD1,330.6522.6230,095.8
AMBER ENTERPRISES INDIA LTD1,866.046.8512,778.2

Air Conditioners Industry Benchmark (Top 10) PB Analysis vs JOHNSON CONTROLS HITACHI AIR CONDITIONING INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.75x
Max industry PB 22.62x
Median industry PB 8.66x
Average industry PB 10.72x



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