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KITEX GARMENTS
PB (Price/Book ) Ratio

The Current P/B Ratio of KITEX GARMENTS is 1.54.

Share Price ₹199.4Apr 23,2024
Market Cap ₹1,326.0 Cr
Book Value₹858.3 CrMar2023 - Consolidated Results
Price/Book 1.54xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of KITEX GARMENTS

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 KITEX GARMENTS is calculated as :

Current Market Cap [ ₹1,326.0 Cr] as on Apr 23,2024

(/) Book Value [ ₹858.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 1.54x ]

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

Thus, for KITEX GARMENTS , the investors are currently willing to pay '1.54 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 KITEX GARMENTS !

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

Historical PB (Price/Book ) ratio chart of KITEX GARMENTS


PB Ratio Performance Analysis for KITEX GARMENTS

- KITEX GARMENTS 's latest p/b ratio is 1.54x.

- KITEX GARMENTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.23x.

- KITEX GARMENTS 's operated at median p/b ratio of 1.06x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, KITEX GARMENTS 's p/b ratio peaked in Mar2022 at 2.04x.

- KITEX GARMENTS 's p/b ratio hit its five-year low in Mar2020 of 0.89x.


How does KITEX GARMENTS 's P/B Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Book ValuePB RatioMarket Cap
KITEX GARMENTS 858.331.541,326.0
PAGE INDUSTRIES LTD1,371.0529.2740,125.2
KPR MILL LTD3,706.697.9629,517.3
VEDANT FASHIONS LTD1,392.2216.1022,418.1
SWAN ENERGY LTD2,283.688.4619,323.1
WELSPUN LIVING LTD4,083.443.8415,660.7
ALOK INDUSTRIES LTD-19,775.90-0.6913,614.7
VARDHMAN TEXTILES LTD8,562.771.5513,260.1
ARVIND LTD3,344.492.548,506.9
GARWARE TECHNICAL FIBRES LTD1,016.406.466,566.3
JINDAL WORLDWIDE LTD649.9810.256,662.3

Textile Industry Benchmark (Top 10) PB Analysis vs KITEX GARMENTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.69x
Max industry PB 29.27x
Median industry PB 6.46x
Average industry PB 7.93x



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