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LTIMINDTREE
PB (Price/Book ) Ratio

The Current P/B Ratio of LTIMINDTREE is 9.08.

Share Price ₹4,936.2Mar 28,2024
Market Cap ₹146,208.8 Cr
Book Value₹16,108.2 CrMar2023 - Consolidated Results
Price/Book 9.08xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of LTIMINDTREE

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 LTIMINDTREE is calculated as :

Current Market Cap [ ₹146,208.8 Cr] as on Mar 28,2024

(/) Book Value [ ₹16,108.2 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 9.08x ]

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

Thus, for LTIMINDTREE , the investors are currently willing to pay '9.08 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 LTIMINDTREE !

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

Historical PB (Price/Book ) ratio chart of LTIMINDTREE


PB Ratio Performance Analysis for LTIMINDTREE

- LTIMINDTREE 's latest p/b ratio is 9.08x.

- LTIMINDTREE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.40x.

- LTIMINDTREE 's operated at median p/b ratio of 7.69x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, LTIMINDTREE 's p/b ratio peaked in Mar2021 at 9.81x.

- LTIMINDTREE 's p/b ratio hit its five-year low in Mar2020 of 4.67x.


How does LTIMINDTREE 's P/B Ratio benchmark against top 10 peers in IT - Software Industry?

Peer Comparison (IT - Software Industry)Book ValuePB RatioMarket Cap
LTIMINDTREE 16,108.209.08146,208.8
TATA CONSULTANCY SERVICES LTD90,424.0015.541,405,100.0
INFOSYS LTD74,529.008.35622,132.0
HCL TECHNOLOGIES LTD65,017.006.44418,800.0
WIPRO LTD77,104.703.25250,833.0
TECH MAHINDRA LTD27,540.404.43122,134.0
ORACLE FINANCIAL SERVICES SOFTWARE LTD7,305.6510.4075,976.8
PERSISTENT SYSTEMS LTD3,735.8416.4561,454.4
L&T TECHNOLOGY SERVICES LTD4,857.1011.9357,955.8
TATA ELXSI LTD2,085.7723.2348,448.6
MPHASIS LTD7,731.085.8445,136.5

IT - Software Industry Benchmark (Top 10) PB Analysis vs LTIMINDTREE 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.25x
Max industry PB 23.23x
Median industry PB 9.08x
Average industry PB 10.45x



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