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JOSTS ENGINEERING COMPANY
PB (Price/Book ) Ratio

The Current P/B Ratio of JOSTS ENGINEERING COMPANY is 12.93.

Share Price ₹1,011.4Apr 24,2024
Market Cap ₹495.6 Cr
Book Value₹38.3 CrMar2023 - Consolidated Results
Price/Book 12.93xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of JOSTS ENGINEERING COMPANY

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 JOSTS ENGINEERING COMPANY is calculated as :

Current Market Cap [ ₹495.6 Cr] as on Apr 24,2024

(/) Book Value [ ₹38.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 12.93x ]

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

Thus, for JOSTS ENGINEERING COMPANY , the investors are currently willing to pay '12.93 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 JOSTS ENGINEERING COMPANY !

The chart below summarizes the trend in P/B Ratio of JOSTS ENGINEERING COMPANY over the last five years.

Historical PB (Price/Book ) ratio chart of JOSTS ENGINEERING COMPANY


PB Ratio Performance Analysis for JOSTS ENGINEERING COMPANY

- JOSTS ENGINEERING COMPANY 's latest p/b ratio is 12.93x.

- JOSTS ENGINEERING COMPANY 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.41x.

- JOSTS ENGINEERING COMPANY 's operated at median p/b ratio of 2.53x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JOSTS ENGINEERING COMPANY 's p/b ratio peaked in Mar2023 at 3.13x.

- JOSTS ENGINEERING COMPANY 's p/b ratio hit its five-year low in Mar2021 of 1.74x.


How does JOSTS ENGINEERING COMPANY 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
JOSTS ENGINEERING COMPANY 38.3212.93495.6
BHARAT ELECTRONICS LTD13,861.6012.46172,767.0
BHARAT HEAVY ELECTRICALS LTD26,828.003.4391,909.1
THERMAX LTD3,865.5513.6752,850.6
TRIVENI TURBINE LTD760.3522.4917,098.6
KIRLOSKAR OIL ENGINES LTD2,290.036.0313,816.8
ELECON ENGINEERING COMPANY LTD1,604.038.0412,897.4
PRAJ INDUSTRIES LTD1,075.348.899,560.1
SHRIRAM PISTONS & RINGS LTD1,527.465.919,023.6
KIRLOSKAR BROTHERS LTD1,403.887.3810,359.7
TEGA INDUSTRIES LTD1,048.959.6110,083.8

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs JOSTS ENGINEERING COMPANY 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.43x
Max industry PB 22.49x
Median industry PB 8.89x
Average industry PB 10.08x



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