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LGB FORGE
PB (Price/Book ) Ratio

The Current P/B Ratio of LGB FORGE is 7.08.

Share Price ₹9.0Mar 28,2024
Market Cap ₹213.7 Cr
Book Value₹30.2 CrMar2023 - Standalone Results
Price/Book 7.08xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of LGB FORGE

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 LGB FORGE is calculated as :

Current Market Cap [ ₹213.7 Cr] as on Mar 28,2024

(/) Book Value [ ₹30.2 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 7.08x ]

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

Thus, for LGB FORGE , the investors are currently willing to pay '7.08 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 LGB FORGE !

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

Historical PB (Price/Book ) ratio chart of LGB FORGE


PB Ratio Performance Analysis for LGB FORGE

- LGB FORGE 's latest p/b ratio is 7.08x.

- LGB FORGE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.90x.

- LGB FORGE 's operated at median p/b ratio of 2.55x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, LGB FORGE 's p/b ratio peaked in Mar2023 at 6.67x.

- LGB FORGE 's p/b ratio hit its five-year low in Mar2020 of 1.22x.


How does LGB FORGE 's P/B Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Book ValuePB RatioMarket Cap
LGB FORGE 30.177.08213.7
BHARAT FORGE LTD6,701.797.8552,585.9
CIE AUTOMOTIVE INDIA LTD4,939.943.5417,490.5
RAMKRISHNA FORGINGS LTD1,290.709.6812,498.2
MM FORGINGS LTD673.013.132,103.9
HILTON METAL FORGING LTD89.122.42215.4
KALYANI FORGE LTD105.481.40147.8
SAMRAT FORGINGS LTD28.505.47156.0
TIRUPATI FORGE LTD36.244.37158.3
GANGA FORGING LTD13.338.66115.5

Forgings Industry Benchmark (Top 10) PB Analysis vs LGB FORGE 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.40x
Max industry PB 9.68x
Median industry PB 5.47x
Average industry PB 5.36x



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