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JTEKT INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of JTEKT INDIA is 6.12.

Share Price ₹169.3Apr 18,2024
Market Cap ₹4,304.0 Cr
Book Value₹702.8 CrMar2023 - Consolidated Results
Price/Book 6.12xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of JTEKT 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 JTEKT INDIA is calculated as :

Current Market Cap [ ₹4,304.0 Cr] as on Apr 18,2024

(/) Book Value [ ₹702.8 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 6.12x ]

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

Thus, for JTEKT INDIA , the investors are currently willing to pay '6.12 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 JTEKT INDIA !

The chart below summarizes the trend in P/B Ratio of JTEKT INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of JTEKT INDIA


PB Ratio Performance Analysis for JTEKT INDIA

- JTEKT INDIA 's latest p/b ratio is 6.12x.

- JTEKT INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.22x.

- JTEKT INDIA 's operated at median p/b ratio of 3.44x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JTEKT INDIA 's p/b ratio peaked in Mar2019 at 4.53x.

- JTEKT INDIA 's p/b ratio hit its five-year low in Mar2020 of 1.65x.


How does JTEKT INDIA 's P/B Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Book ValuePB RatioMarket Cap
JTEKT INDIA 702.776.124,304.0
BOSCH LTD11,005.108.0288,214.1
SAMVARDHANA MOTHERSON INTERNATIONAL LTD22,451.503.8085,315.1
SONA BLW PRECISION FORGINGS LTD2,285.6017.4039,775.8
UNO MINDA LTD4,140.159.9741,288.9
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD2,409.1110.7425,879.8
ENDURANCE TECHNOLOGIES LTD4,412.135.9426,216.7
JBM AUTO LTD1,029.7620.2220,822.7
TVS HOLDINGS LTD3,240.995.1116,546.0
MINDA CORPORATION LTD1,585.806.089,642.1
CRAFTSMAN AUTOMATION LTD1,376.906.669,176.8

Auto Ancillary Industry Benchmark (Top 10) PB Analysis vs JTEKT INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.80x
Max industry PB 20.22x
Median industry PB 6.66x
Average industry PB 9.10x



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