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MINDA CORPORATION
PB (Price/Book ) Ratio

The Current P/B Ratio of MINDA CORPORATION is 6.10.

Share Price ₹404.4Apr 19,2024
Market Cap ₹9,669.2 Cr
Book Value₹1,585.8 CrMar2023 - Consolidated Results
Price/Book 6.10xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MINDA CORPORATION

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 MINDA CORPORATION is calculated as :

Current Market Cap [ ₹9,669.2 Cr] as on Apr 19,2024

(/) Book Value [ ₹1,585.8 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 6.10x ]

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

Thus, for MINDA CORPORATION , the investors are currently willing to pay '6.10 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 MINDA CORPORATION !

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

Historical PB (Price/Book ) ratio chart of MINDA CORPORATION


PB Ratio Performance Analysis for MINDA CORPORATION

- MINDA CORPORATION 's latest p/b ratio is 6.10x.

- MINDA CORPORATION 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.60x.

- MINDA CORPORATION 's operated at median p/b ratio of 2.59x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MINDA CORPORATION 's p/b ratio peaked in Mar2022 at 3.73x.

- MINDA CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 1.34x.


How does MINDA CORPORATION 's P/B Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Book ValuePB RatioMarket Cap
MINDA CORPORATION 1,585.806.109,669.2
BOSCH LTD11,005.107.9887,818.4
SAMVARDHANA MOTHERSON INTERNATIONAL LTD22,451.503.8486,128.3
SONA BLW PRECISION FORGINGS LTD2,285.6017.4839,960.6
UNO MINDA LTD4,140.1510.0541,598.9
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD2,409.1110.8126,047.2
ENDURANCE TECHNOLOGIES LTD4,412.135.8725,896.7
JBM AUTO LTD1,029.7620.0620,656.6
TVS HOLDINGS LTD3,240.995.1316,640.3
CRAFTSMAN AUTOMATION LTD1,376.906.629,116.9
MAHARASHTRA SCOOTERS LTD19,042.800.458,568.2

Auto Ancillary Industry Benchmark (Top 10) PB Analysis vs MINDA CORPORATION 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.45x
Max industry PB 20.06x
Median industry PB 6.62x
Average industry PB 8.58x



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