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MAHANAGAR GAS
PB (Price/Book ) Ratio

The Current P/B Ratio of MAHANAGAR GAS is 3.33.

Share Price ₹1,392.5Apr 19,2024
Market Cap ₹13,757.4 Cr
Book Value₹4,134.2 CrMar2023 - Standalone Results
Price/Book 3.33xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MAHANAGAR GAS

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 MAHANAGAR GAS is calculated as :

Current Market Cap [ ₹13,757.4 Cr] as on Apr 19,2024

(/) Book Value [ ₹4,134.2 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 3.33x ]

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

Thus, for MAHANAGAR GAS , the investors are currently willing to pay '3.33 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 MAHANAGAR GAS !

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

Historical PB (Price/Book ) ratio chart of MAHANAGAR GAS


PB Ratio Performance Analysis for MAHANAGAR GAS

- MAHANAGAR GAS 's latest p/b ratio is 3.33x.

- MAHANAGAR GAS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.02x.

- MAHANAGAR GAS 's operated at median p/b ratio of 2.74x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAHANAGAR GAS 's p/b ratio peaked in Mar2019 at 4.31x.

- MAHANAGAR GAS 's p/b ratio hit its five-year low in Mar2022 of 2.14x.


How does MAHANAGAR GAS 's P/B Ratio benchmark against top 10 peers in Gas Transmission/Marketing Industry?

Peer Comparison (Gas Transmission/Marketing Industry)Book ValuePB RatioMarket Cap
MAHANAGAR GAS 4,134.223.3313,757.4
ADANI TOTAL GAS LTD2,940.9634.15100,424.0
GUJARAT GAS LTD7,027.955.3537,579.2
INDRAPRASTHA GAS LTD7,931.243.8530,499.0
GUJARAT STATE PETRONET LTD9,448.902.2621,318.7
CONFIDENCE FUTURISTIC ENERGETECH LTD148.861.87277.7

Gas Transmission/Marketing Industry Benchmark (Top 10) PB Analysis vs MAHANAGAR GAS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.87x
Max industry PB 34.15x
Median industry PB 3.85x
Average industry PB 8.47x



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