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MIC ELECTRONICS
PB (Price/Book ) Ratio

The Current P/B Ratio of MIC ELECTRONICS is 194.79.

Share Price ₹40.8Apr 19,2024
Market Cap ₹902.6 Cr
Book Value₹4.6 CrMar2023 - Consolidated Results
Price/Book 194.79xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MIC ELECTRONICS

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 MIC ELECTRONICS is calculated as :

Current Market Cap [ ₹902.6 Cr] as on Apr 19,2024

(/) Book Value [ ₹4.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 194.79x ]

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

Thus, for MIC ELECTRONICS , the investors are currently willing to pay '194.79 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 MIC ELECTRONICS !

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

Historical PB (Price/Book ) ratio chart of MIC ELECTRONICS


PB Ratio Performance Analysis for MIC ELECTRONICS

- MIC ELECTRONICS 's latest p/b ratio is 194.79x.

- MIC ELECTRONICS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 28.11x.

- MIC ELECTRONICS 's operated at median p/b ratio of -0.08x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MIC ELECTRONICS 's p/b ratio peaked in Mar2022 at 84.56x.

- MIC ELECTRONICS 's p/b ratio hit its five-year low in Mar2021 of -0.27x.


How does MIC ELECTRONICS 's P/B Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Book ValuePB RatioMarket Cap
MIC ELECTRONICS 4.63194.79902.6
SIEMENS LTD13,087.1015.21199,009.0
ABB INDIA LTD5,944.5322.43133,316.0
HAVELLS INDIA LTD6,623.1514.2194,087.1
CG POWER AND INDUSTRIAL SOLUTIONS LTD1,784.4945.5581,292.3
SUZLON ENERGY LTD1,099.1448.8153,647.6
HITACHI ENERGY INDIA LTD1,215.3128.7434,933.9
APAR INDUSTRIES LTD2,236.3912.7228,441.6
GE T&D INDIA LTD1,072.7122.9624,626.6
INOX WIND LTD1,736.3110.6918,562.8
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD137.69124.7817,180.8

Electric Equipment Industry Benchmark (Top 10) PB Analysis vs MIC ELECTRONICS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 10.69x
Max industry PB 194.79x
Median industry PB 22.96x
Average industry PB 49.17x



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