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JYOTI RESINS & ADHESIVES
PB (Price/Book ) Ratio

The Current P/B Ratio of JYOTI RESINS & ADHESIVES is 16.06.

Share Price ₹1,418.0Mar 28,2024
Market Cap ₹1,701.6 Cr
Book Value₹106.0 CrMar2023 - Standalone Results
Price/Book 16.06xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of JYOTI RESINS & ADHESIVES

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 JYOTI RESINS & ADHESIVES is calculated as :

Current Market Cap [ ₹1,701.6 Cr] as on Mar 28,2024

(/) Book Value [ ₹106.0 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 16.06x ]

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

Thus, for JYOTI RESINS & ADHESIVES , the investors are currently willing to pay '16.06 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 JYOTI RESINS & ADHESIVES !

The chart below summarizes the trend in P/B Ratio of JYOTI RESINS & ADHESIVES over the last five years.

Historical PB (Price/Book ) ratio chart of JYOTI RESINS & ADHESIVES


PB Ratio Performance Analysis for JYOTI RESINS & ADHESIVES

- JYOTI RESINS & ADHESIVES 's latest p/b ratio is 16.06x.

- JYOTI RESINS & ADHESIVES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.43x.

- JYOTI RESINS & ADHESIVES 's operated at median p/b ratio of 7.74x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JYOTI RESINS & ADHESIVES 's p/b ratio peaked in Mar2022 at 19.26x.

- JYOTI RESINS & ADHESIVES 's p/b ratio hit its five-year low in Mar2020 of 2.88x.


How does JYOTI RESINS & ADHESIVES 's P/B Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
JYOTI RESINS & ADHESIVES 105.9816.061,701.6
PIDILITE INDUSTRIES LTD7,168.6421.39153,333.0
SOLAR INDUSTRIES INDIA LTD2,610.3430.4679,505.0
SRF LTD10,315.407.3575,812.1
GUJARAT FLUOROCHEMICALS LTD5,520.726.1634,024.9
DEEPAK NITRITE LTD4,089.967.0828,937.8
TATA CHEMICALS LTD19,721.001.4027,529.0
GODREJ INDUSTRIES LTD7,974.133.3026,275.3
AARTI INDUSTRIES LTD4,920.064.9124,155.5
ATUL LTD4,671.383.6216,894.3
VINATI ORGANICS LTD2,218.296.8715,249.2

Chemicals Industry Benchmark (Top 10) PB Analysis vs JYOTI RESINS & ADHESIVES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.40x
Max industry PB 30.46x
Median industry PB 6.87x
Average industry PB 9.87x



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