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MARINE ELECTRICALS (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of MARINE ELECTRICALS (INDIA) is 6.17.

Share Price ₹94.7Apr 18,2024
Market Cap ₹1,256.0 Cr
Book Value₹203.7 CrMar2023 - Consolidated Results
Price/Book 6.17xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MARINE ELECTRICALS (INDIA)

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 MARINE ELECTRICALS (INDIA) is calculated as :

Current Market Cap [ ₹1,256.0 Cr] as on Apr 18,2024

(/) Book Value [ ₹203.7 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 6.17x ]

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

Thus, for MARINE ELECTRICALS (INDIA) , the investors are currently willing to pay '6.17 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 MARINE ELECTRICALS (INDIA) !

The chart below summarizes the trend in P/B Ratio of MARINE ELECTRICALS (INDIA) over the last five years.

Historical PB (Price/Book ) ratio chart of MARINE ELECTRICALS (INDIA)


PB Ratio Performance Analysis for MARINE ELECTRICALS (INDIA)

- MARINE ELECTRICALS (INDIA) 's latest p/b ratio is 6.17x.

- MARINE ELECTRICALS (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.50x.

- MARINE ELECTRICALS (INDIA) 's operated at median p/b ratio of 2.17x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MARINE ELECTRICALS (INDIA) 's p/b ratio peaked in Mar2021 at 4.95x.

- MARINE ELECTRICALS (INDIA) 's p/b ratio hit its five-year low in Mar2020 of 1.47x.


How does MARINE ELECTRICALS (INDIA) 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
MARINE ELECTRICALS (INDIA) 203.736.171,256.0
BHARAT ELECTRONICS LTD13,861.6012.19168,929.0
BHARAT HEAVY ELECTRICALS LTD26,828.003.2988,148.4
THERMAX LTD3,865.5514.6056,439.6
TRIVENI TURBINE LTD760.3521.6616,469.2
KIRLOSKAR OIL ENGINES LTD2,290.035.6412,911.2
ELECON ENGINEERING COMPANY LTD1,279.119.3111,911.7
PRAJ INDUSTRIES LTD1,075.348.579,216.4
SHRIRAM PISTONS & RINGS LTD1,527.465.868,957.3
KIRLOSKAR BROTHERS LTD1,403.886.639,309.9
TEGA INDUSTRIES LTD1,048.959.099,534.9

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs MARINE ELECTRICALS (INDIA) 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.29x
Max industry PB 21.66x
Median industry PB 8.57x
Average industry PB 9.36x



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