L&T FINANCE HOLDINGS
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The Current P/B Ratio of L&T FINANCE HOLDINGS is 1.94.
Share Price | ₹166.9 | Apr 24,2024 |
Market Cap | ₹41,539.7 Cr | |
Book Value | ₹21,387.3 Cr | Mar2023 - Consolidated Results |
Price/Book | 1.94x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of L&T FINANCE HOLDINGS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹41,539.7 Cr] as on Apr 24,2024
(/) Book Value [ ₹21,387.3 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 1.94x ]
Thus, for L&T FINANCE HOLDINGS , the investors are currently willing to pay '1.94 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 L&T FINANCE HOLDINGS !
The chart below summarizes the trend in P/B Ratio of L&T FINANCE HOLDINGS over the last five years.
Historical PB (Price/Book ) ratio chart of L&T FINANCE HOLDINGS
PB Ratio Performance Analysis for L&T FINANCE HOLDINGS
- L&T FINANCE HOLDINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.25x.
- L&T FINANCE HOLDINGS 's operated at median p/b ratio of 1.01x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, L&T FINANCE HOLDINGS 's p/b ratio peaked in Mar2019 at 2.29x.
- L&T FINANCE HOLDINGS 's p/b ratio hit its five-year low in Mar2020 of 0.71x.
How does L&T FINANCE HOLDINGS 's P/B Ratio benchmark against top 10 peers in Finance - NBFC Industry?
Peer Comparison (Finance - NBFC Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
L&T FINANCE HOLDINGS | 21,387.30 | 1.94 | 41,539.7 |
BAJAJ FINANCE LTD | 53,816.50 | 8.44 | 454,295.0 |
BAJAJ HOLDINGS & INVESTMENT LTD | 44,182.80 | 2.07 | 91,452.1 |
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD | 14,262.70 | 6.89 | 98,207.9 |
SHRIRAM FINANCE LTD | 43,313.00 | 2.14 | 92,475.1 |
SBI CARDS AND PAYMENT SERVICES LTD | 9,789.93 | 7.28 | 71,303.8 |
MUTHOOT FINANCE LTD | 21,663.70 | 3.04 | 65,950.1 |
ADITYA BIRLA CAPITAL LTD | 20,076.60 | 2.80 | 56,262.7 |
SUNDARAM FINANCE LTD | 9,906.75 | 5.30 | 52,522.7 |
POONAWALLA FINCORP LTD | 6,742.68 | 5.66 | 38,170.4 |
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD | 18,519.90 | 1.72 | 31,876.7 |
Finance - NBFC Industry Benchmark (Top 10) PB Analysis vs L&T FINANCE HOLDINGS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.72x |
Max industry PB | 8.44x |
Median industry PB | 3.04x |
Average industry PB | 4.30x |
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