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MAGNA ELECTRO CASTINGS
PB (Price/Book ) Ratio

The Current P/B Ratio of MAGNA ELECTRO CASTINGS is 2.13.

Share Price ₹478.7Apr 24,2024
Market Cap ₹201.1 Cr
Book Value₹94.4 CrMar2023 - Standalone Results
Price/Book 2.13xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MAGNA ELECTRO CASTINGS

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 MAGNA ELECTRO CASTINGS is calculated as :

Current Market Cap [ ₹201.1 Cr] as on Apr 24,2024

(/) Book Value [ ₹94.4 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 2.13x ]

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

Thus, for MAGNA ELECTRO CASTINGS , the investors are currently willing to pay '2.13 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 MAGNA ELECTRO CASTINGS !

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

Historical PB (Price/Book ) ratio chart of MAGNA ELECTRO CASTINGS


PB Ratio Performance Analysis for MAGNA ELECTRO CASTINGS

- MAGNA ELECTRO CASTINGS 's latest p/b ratio is 2.13x.

- MAGNA ELECTRO CASTINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.04x.

- MAGNA ELECTRO CASTINGS 's operated at median p/b ratio of 1.08x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAGNA ELECTRO CASTINGS 's p/b ratio peaked in Mar2023 at 1.25x.

- MAGNA ELECTRO CASTINGS 's p/b ratio hit its five-year low in Mar2020 of 0.63x.


How does MAGNA ELECTRO CASTINGS 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Book ValuePB RatioMarket Cap
MAGNA ELECTRO CASTINGS 94.362.13201.1
AIA ENGINEERING LTD5,691.336.4436,669.4
PTC INDUSTRIES LTD267.5440.4910,831.6
ELECTROSTEEL CASTINGS LTD4,357.642.8812,570.8
KIRLOSKAR FERROUS INDUSTRIES LTD2,082.423.998,319.1
ALICON CASTALLOY LTD487.853.081,502.8
STEELCAST LTD215.216.161,326.4
NELCAST LTD468.402.861,339.8
UNI ABEX ALLOY PRODUCTS LTD81.596.53532.7
SYNERGY GREEN INDUSTRIES LTD45.8211.06506.8
NITIN CASTINGS LTD59.925.45326.4

Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs MAGNA ELECTRO CASTINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.13x
Max industry PB 40.49x
Median industry PB 5.45x
Average industry PB 8.28x



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