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KANSAI NEROLAC PAINTS
PB (Price/Book ) Ratio

The Current P/B Ratio of KANSAI NEROLAC PAINTS is 4.88.

Share Price ₹273.6Apr 19,2024
Market Cap ₹22,117.8 Cr
Book Value₹4,530.0 CrMar2023 - Consolidated Results
Price/Book 4.88xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of KANSAI NEROLAC PAINTS

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 KANSAI NEROLAC PAINTS is calculated as :

Current Market Cap [ ₹22,117.8 Cr] as on Apr 19,2024

(/) Book Value [ ₹4,530.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 4.88x ]

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

Thus, for KANSAI NEROLAC PAINTS , the investors are currently willing to pay '4.88 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 KANSAI NEROLAC PAINTS !

The chart below summarizes the trend in P/B Ratio of KANSAI NEROLAC PAINTS over the last five years.

Historical PB (Price/Book ) ratio chart of KANSAI NEROLAC PAINTS


PB Ratio Performance Analysis for KANSAI NEROLAC PAINTS

- KANSAI NEROLAC PAINTS 's latest p/b ratio is 4.88x.

- KANSAI NEROLAC PAINTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.28x.

- KANSAI NEROLAC PAINTS 's operated at median p/b ratio of 6.09x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, KANSAI NEROLAC PAINTS 's p/b ratio peaked in Mar2021 at 7.99x.

- KANSAI NEROLAC PAINTS 's p/b ratio hit its five-year low in Mar2023 of 4.59x.


How does KANSAI NEROLAC PAINTS 's P/B Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Book ValuePB RatioMarket Cap
KANSAI NEROLAC PAINTS 4,529.954.8822,117.8
ASIAN PAINTS LTD15,965.5016.87269,386.0
BERGER PAINTS INDIA LTD4,489.5413.1158,855.2
AKZO NOBEL INDIA LTD1,316.308.3210,953.4
INDIGO PAINTS LTD766.288.166,250.3
SHALIMAR PAINTS LTD315.054.601,447.8

Paints Industry Benchmark (Top 10) PB Analysis vs KANSAI NEROLAC PAINTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.60x
Max industry PB 16.87x
Median industry PB 8.32x
Average industry PB 9.32x



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