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KRSNAA DIAGNOSTICS
PB (Price/Book ) Ratio

The Current P/B Ratio of KRSNAA DIAGNOSTICS is 2.58.

Share Price ₹586.9Apr 19,2024
Market Cap ₹1,895.7 Cr
Book Value₹736.1 CrMar2023 - Consolidated Results
Price/Book 2.58xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of KRSNAA DIAGNOSTICS

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 KRSNAA DIAGNOSTICS is calculated as :

Current Market Cap [ ₹1,895.7 Cr] as on Apr 19,2024

(/) Book Value [ ₹736.1 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.58x ]

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

Thus, for KRSNAA DIAGNOSTICS , the investors are currently willing to pay '2.58 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 KRSNAA DIAGNOSTICS !

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

Historical PB (Price/Book ) ratio chart of KRSNAA DIAGNOSTICS


PB Ratio Performance Analysis for KRSNAA DIAGNOSTICS

- KRSNAA DIAGNOSTICS 's latest p/b ratio is 2.58x.

- KRSNAA DIAGNOSTICS 's p/b ratio for fiscal years ending Mar2023 to Mar2022 averaged 2.10x.

- KRSNAA DIAGNOSTICS 's operated at median p/b ratio of 2.23x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, KRSNAA DIAGNOSTICS 's p/b ratio peaked in Mar2022 at 2.23x.

- KRSNAA DIAGNOSTICS 's p/b ratio hit its five-year low in Mar2023 of 1.96x.


How does KRSNAA DIAGNOSTICS 's P/B Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Book ValuePB RatioMarket Cap
KRSNAA DIAGNOSTICS 736.072.581,895.7
APOLLO HOSPITALS ENTERPRISE LTD6,112.5014.5188,715.9
MAX HEALTHCARE INSTITUTE LTD7,367.9610.1875,026.8
GLOBAL HEALTH LTD2,423.0715.5437,656.8
FORTIS HEALTHCARE LTD7,240.514.4932,512.3
NARAYANA HRUDAYALAYA LTD2,130.6011.9125,374.5
ASTER DM HEALTHCARE LTD4,448.075.8526,014.6
DR LAL PATHLABS LTD1,608.0311.4518,417.7
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD1,669.549.3315,582.6
RAINBOW CHILDRENS MEDICARE LTD1,059.9112.4813,228.7
METROPOLIS HEALTHCARE LTD980.899.088,901.8

Hospital & Healthcare Services Industry Benchmark (Top 10) PB Analysis vs KRSNAA DIAGNOSTICS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.58x
Max industry PB 15.54x
Median industry PB 10.18x
Average industry PB 9.76x



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